NHL Geological Services has net sales on account of $1,200,000. The average net accounts receivable are $600,000. Calculate the days' sales in receivables. A) 439.8 days B) 304.0 days C) 182.5 days D) 8.7 days
Q: Ans
A: To calculate the return on assets (ROA), use the formula: ROA = (Net Income / Total Assets) × 100…
Q: Predetermined overhead??
A: Explanation of Predetermined Overhead Rate:The predetermined overhead rate is an estimated cost used…
Q: Can you please answer the financial accounting question?
A: The yield of a bond can be calculated using the formula for current yield:Current Yield=Annual…
Q: Increase sale 18%, operating cost 10.2 million what is DOL?
A: 1. Calculate Current Operating Income (EBIT)Sales: $50 millionVariable Costs: $33.75 millionFixed…
Q: What is the change in gross profit from 2014 to 2015 ? Accounting
A: To find the change in Gross Profit from 2014 to 2015, we need to first calculate the Gross Profit…
Q: Provide correct answer this financial accounting question
A: Step 1: Define Equivalent Units for Conversion CostsIn a process cost system, equivalent units for…
Q: can you please solve this financial accounting
A: Step 1: Definition of Days Sales Outstanding (DSO)Days Sales Outstanding (DSO) measures how long, on…
Q: R-Mart has a beginning receivables balance on February 1 of $1050. Sales for February through May…
A: The company's collection period is 30 days, which means the amount of sales made in the current…
Q: General Accounting problem
A: Return on Assets (ROA) is calculated using the formula: ROA = (Net Income / Total Assets) × 100…
Q: General Account
A: Compute the average daily sales using the DSO formula.DSO = Accounts Receivable / Average…
Q: Please given correct answer general accounting
A: Step 1: Definition of Adjusted Cost of Goods Sold (COGS)The adjusted cost of goods sold (COGS)…
Q: What is the capital gain yield? General accounting
A: The capital gains yield can be calculated using the dividend discount model (DDM) for a stock with…
Q: 4 PTS
A: Concept of Debits and CreditsIn accounting, debits and credits are used to record transactions using…
Q: 5 PTS financial accounting
A: Explanation of Loan Principal: The loan principal is the original amount borrowed by a company or…
Q: What is the capital gain yield?
A: 1. Understand the components of Total ReturnTotal Return = Dividend Yield + Capital Gains Yield2.…
Q: Tutor, solve this Accounting problem
A: Explanation of Cost of Goods Sold (COGS): Cost of Goods Sold represents the direct costs…
Q: Hii expert I need this.question Ans please given answer general Accounting
A: Step 1: Define Degree of Operating Leverage (DOL)Degree of Operating Leverage (DOL) is a financial…
Q: The profit margin ratio would be
A: The question requires the determination of the profit margin. Profit margin is one way to determine…
Q: General Accounting
A: Step 1: Define Fixed Production OverheadFixed production overhead refers to indirect costs that…
Q: Solve this financial accounting Problem
A: Explanation of Return on Equity (ROE): Return on Equity (ROE) measures a company's ability to…
Q: Calculate falcon enterprise s gross margin ratio
A: The Gross Margin Ratio is calculated using the following formula: Gross Margin Ratio = (Net Sales -…
Q: choose correct option in this account que.
A: Correct Answer:c. Budgets are a total amount and standards are a unit amount. Explanation:Budgets…
Q: Accurate answer
A:
Q: What is its return on equity?
A: The question requires the determination of the ROE. Return on equity (ROE) is a key indicator of a…
Q: What was the net income for the year?
A: The return on total assets (ROA) is calculated as: ROA = Net Income / Average Total Assets We are…
Q: Fixed operating costs constant at 10.2 million?
A: CalculationsStep 1: Calculate the Contribution Margin:Contribution Margin = Sales - Variable Costs…
Q: Need help
A: Concept of Net Sales RevenueNet Sales Revenue represents the total amount a company earns from…
Q: What was the sales price per unit?
A: The question requires the determination of the sales price per unit."Sales price per unit" refers to…
Q: Need help with this financial accounting question
A: The required return of CSB Tech, Inc. can be calculated using the Capital Asset Pricing Model…
Q: Financial Accounting
A: The question pertains to the required rate of return using CAPM. The capital asset pricing model…
Q: Please given correct answer
A: Step 1: Calculate the Cost of Goods Sold (COGS) before AdjustmentBegin with the cost of goods…
Q: Please let me know what is wrong with answers in red.
A: T-accounts: Cash Cash's normal balance is on the debit side. Debit amounts will increase its…
Q: General Accounting Question need help
A: Here's a step-by-step breakdown to calculate the Direct Material Price Variance (DMPV): Step 1:…
Q: Cost account solution need
A: To calculate Gross Profit, we use the formula: Gross Profit = Net Sales - Cost of Goods Sold 1.…
Q: Maintain a constant debt equity ratio?
A: To solve this problem, we need to maintain the debt-equity ratio constant.Step 1: Calculate Initial…
Q: Last year the return on total assets in Jasper Corporation was 12%. The total assets were 2.8…
A: Explanation of Return on Total Assets (ROA): Return on Total Assets is a profitability ratio that…
Q: Provide answer to this financial accounting problem
A: To calculate the Enterprise Value (EV) of Crimson Tech Inc., we use the following formula:Enterprise…
Q: Halp me with this question
A: Step 1: Define Units of Production DepreciationUnits of Production Depreciation is a method that…
Q: Help me with this
A: Concept of Total AssetsTotal assets refer to everything a company owns that has economic value and…
Q: What is the project s profitability index solve this problem general Accounting
A: Step 1: Introduction to capital budgetingCapital budgeting refers to the process of analyzing…
Q: correct answer is
A: Step 1: These are the values given: $8,250 (change in Assets) = ? (change in Liabilities) +…
Q: Hello teacher please help me this question solution
A: To calculate the total contra revenues for MBC, Inc., it is necessary to sum up the amounts for…
Q: WW Office Solutions implemented a new supply requisition system. Departments must submit requests by…
A: Concept of Compliance RateThe compliance rate measures the percentage of total actions or processes…
Q: Financial accounting
A: Step 1: Define Maturity ValueThe maturity value of a note receivable is the total amount due at the…
Q: You invest $1,500 today to purchase a new machine that is expected to generate the following…
A: The IRR is the discount rate that makes the NPV of an investment zero. In this case, we need to find…
Q: Financial accounting
A: Step 1: Define zero-coupon bond is a bond that does not pay periodic interest. Instead, it is sold…
Q: During the month, Phoenix Enterprises earned $15,000 in revenue, but only $13,000 of that had been…
A: Explanation of Net Income:Net income is the amount a company earns after deducting all expenses from…
Q: expert of general accounting answer
A: We can use the total return formula to solve for the implied capital gain rate: Total Expected…
Q: Please provide correct solution this financial accounting question
A: Step 1: Define Preferred DividendThe dividend paid to the preferred stockholders is called a…
Q: How much equity does Toggle's have on its balance sheet for this financial accounting question?
A: The debt-to-equity ratio formula is: Debt-to-Equity Ratio = Total Debt / Total Equity…
hi expert please help me general accounting
Step by step
Solved in 2 steps
- Berry Farms has an accounts receivable balance at the end of 2018 of $425,650. The net credit sales for the year are $924,123. The balance at the end of 2017 was $378,550. What is the number of days sales in receivables ratio for 2018 (round all answers to two decimal places)?Calculate the days sales in receivables?The following information relates to ReDo Corporation: $28,184,000 $316,199,000 $64,115,000 What ReDo's receivables collection period (DSO)? In your computations, assume there are 360 days in a year. 42.50 days O 72.99 days 32.09days Accounts receivable Total credit sales Accounts payable O 11.22days
- What are the day's sales in receivables on these general accounting question?A company reports the following: Sales $1,156, 320 Average accounts receivable (net) 87,600 Determine (a) the accounts receivable turnover and (b) number of days' sales in receivables. Round your answers to one decimal place. Assume a 365 day year. a. Accounts receivable turnover fill in the blank 1 b. Number of days' sales in receivables fill in the blank 2 daysCan you please give me correct answer the general accounting question?
- Please provide correct answer accounting questionA company reports the following: Sales $838,040 Average accounts receivable (net) 51,100 Round your answers to one decimal place. Assume a 365-day year. a. Determine the accounts receivable turnover. b. Determine the number of days' sales in receivables.Gandi brothers has DSO of 22 days and its annual sales on account are $7,665,000. Assume number of days in year as 365 days. Calculate the accounts receivable balance. O $550,000 O $462,000 O $410,000 O $450,000
- A company reports the following: Sales $1,359,990 Average accounts receivable (net) 83,950 Round your answers to one decimal place. Assume a 365-day year. a. Determine the accounts receivable turnover.fill in the blank 1 b. Determine the number of days' sales in receivables.fill in the blank 2A company reports the following: Sales $399,675 Average accounts receivable (net) 54,750 Determine (a) the accounts receivable turnover and (b) number of days' sales in receivables. Round your answers to one decimal place. Assume a 365-day year. a. Accounts receivable turnover b. Number of days' sales in receivables daysNeed Ans general Accounting