Greene Sisters has a DSO of 20 days. The company’s average daily salesare $20,000. What is the level of its accounts receivable? Assume there are365 days in a year.

Q: Tripod Company makes all sales on account. During the current year, Tripod has an average accounts…

A: Accounts receivable turnover is calculated by dividing the Net credit sales by the Average accounts…

Q: Bluewater, Inc. has the following estimated quarterly sales for nex wear. The accounts receivable…

A: We need to use average receivables formula below to calculate expected account receivables at end of…

Q: A company has credit turnover of NOK 10 million this year. 31.12.x1 this year, trade receivables…

A: Average Credit time = Average Accounts receivable/Total Credit Sales*No. of days   Average accounts…

Q: Oral Roberts Dental Supplies has annual sales of $5,760,000. Ninety percent are on credit. The firm…

A: Average collection period means the period during which accounts receivables are collected from the…

Q: If Cactus, Inc. has annual sales of $83,000, average accounts payable of $30,000, and average…

A: Given: Annual sales = $83,000 Average accounts receivables = $25,000

Q: The total of Accounts Receivable is $1000 while the Annual Sales is $7000. The Days Sales…

A: The days of sales outstanding is the number of days the company on average takes to collect the…

Q: If Emperium Inc. had credit sales of 2,027,773 per year and its days sales outstanding was equal to…

A: Days Sales or Receivables Outstanding means the number of days it takes a company to realize cash…

Q: Assume the credit terms offered to your firm by your suppliers are 4/20, net 50. Calculate the cost…

A: Hi student Since there are multiple questions, we will answer only first question. If you want…

Q: Grab Co. has a normal operating cycle of 60 days. The average age of inventory is 30 days. The…

A: Normal Operating cycle = Age of inventory + Age of Debtors Also, 360/ age of debtors = debtors…

Q: A 33- day days sales outstanding is maintained by the Bebop Corporation. Each day, the company…

A: Days sales outstanding is one of important ratio used in business to evaluate efficiency of…

Q: Receivables Investment Medwig Corporation has a DSO of 30 days. The company averages $7,750 in sales…

A: The objective of the question is to calculate the average accounts receivable for Medwig Corporation…

Q: A firm has $400,000 in credit sales and $100,000 in accounts receivable.Compute accounts receivable…

A:

Q: As of January 1, 2021, NUBD Co. had an accounts receivable of P500,000. The sales for January,…

A: Given that, Opening balance of accounts receivables = P500000 Sales for the month of Jan = P1200000…

Q: Winther Company has a receivables turnover of 15 times. The average net receivables during the…

A: Winther company's Receivable turnover = 15 Average net receivables = P430000 Average net receivable…

Q: Blossom Technology's operating cycle is 71 days. Its inventory was $111,000 at the end of last year,…

A: The operating cycle shows the time taken to convert its inventory into cash.So, operating cycle is…

Q: Medwig Corporation has a DSO of 17 days. The company averages $7,750 in sales each day (all…

A: Accounts receivable are the people who owe the company. In simple words these are the people who…

Q: Using the following information and a 360-day year, what is your estimate of the firm's current…

A: To estimate the firm's current receivables period, we use the information provided to calculate the…

Q: Suppose that LilyMac Photography has annual sales of $230,000, cost of goods sold of $165,000,…

A: FIRM OPERATING CYCLE Firm Operating Cycle is the Total of Account Receivable Collection Period &…

Q: Mr. Husker’s Tuxedos Corporation ended the year with an average collection period of 36 days. The…

A: As per Bartleby honor code, when multiple questions are asked, the expert is required only to solve…

Q: Los Altos, Inc. has an accounts receivable turnover of 20. What is the company's average collection…

A: Formula: Average collection period = 365 days / Accounts receivable turnover. Division of 365 days…

Q: A firm had credit sales of $15,750,000 last year and its days sales outstanding was 65 days. What…

A: Days Sales Outstanding (DSO) is the measure the average number of days  a business to receive…

Q: The Dire Corporation has an inventory conversion period of 75 days, a receivables collection period…

A: Formula: cash conversion cycle = inventory conversion period + receivables collection period -…

Q: Thompson Wood Products has credit sales of $2,628,000 and accounts receivable of $627,800. Compute…

A: Average collection period is period required to receive cash money from the customers from initial…

Q: Sanders' Prime Time Lighting Co. has credit sales of $2,232,000 and accounts receivable of $409,200.…

A: The objective of the question is to calculate the average collection period for Sanders' Prime Time…

Q: HAPPY Company makes credit sales of P1,800,000 annually. The average age of accounts receivable is…

A: Financing Charges: It refers to those charges which a borrower pays to the lender for using his…

Q: Tobin Fisheries currently sells to its customers on terms of 2/11, net 31. Its average collection…

A: “Since you have posted multiple questions, we will provide the solution only to the first question…

Q: Acompany has net sales of $1,340,000, beginning accounts receivable of $500,000, and ending accounts…

A: Days to Collect Accounts Receivable means A company wants to assess the effectiveness of a company's…

Q: Tulips Company has a DSO of 40 days, and its annual sales are P7,300,000. What is its accounts…

A: Accounts receivables are the average amount of money to be charged on credit by the consumers who…

Q: accounts receivable turno ratio of a company is 2, annual credit sales IS $ nat is the average…

A: Given, Accounts receivable turnover = 2 Annual credit sales = $719550

Q: Bingo Inc. sells on term 3/20, net 40. Total sale for the year are P1,200,000 on which 40% is cash…

A: Total sales = P1,200,000 Cash sales = 40%

Q: Receivables Investment Medwig Corporation has a DSO of 37 days. The company averages $9,750 in…

A: Accounts Receivables are the money due towards customers but not yet paid on account of goods sold…

Q: 17. Zoom has a DSO of 35 days, and its annual sales are $6,500,000. What is its accounts receivable…

A: DSO = 35 days Sales = $6,500,000 Number of days in a year = 365

Q: Bulldogs Inc. had credit sales last year amounted to P18,600,000. The firm also had an average…

A: Solution.. Credit sales = P18,600,000  Average accounts receivable = P1,380,000  Average collection…

Q: accounts receivable balance of $391,648. Credit sales for the year just ended were $5,338,411. How…

A: Calculate the number of days to realize Account receivable as follow: Number of days required = 365…

Q: If Cactus, Inc. has annual sales of $83,000, average accounts payable of $30,000, and average…

A: Sales = $83000 Account payable = $30000 Accounts receivable = $25000

Q: A company has net income of $184,000, a profit margin of 8.5 percent, and an accounts receivable…

A: Profit margin=Net income/SalesHence sales=(184000/0.085)=$2164705.88

Q: Please Give the answer of this question

A: Step 1: Introduction to the Account Receivable:Account receivable is a current asset created by a…

Q: On average your firm sells $33,100 of items on credit each day. Your average inventory period is 35…

A: Answer:- Operating cycle meaning:- The company's operational efficiency is gauged by the operating…

Q: A company has the following information: Net credit sales = $400,000 Net income = $100,000 Average…

A: The ratio is the technique used by the prospective investor or an individual or strategist to read…

Q: Medwig Corporation has a DSO of 21 days. The company averages $5,250 in sales each day (all…

A: DSO = 21 days Daily sale = $ 5,250 Annual sale = 5250*365 = $ 1,916,250