The company had net sales of $32,000 and ending accounts receivable of $2,800 for the current period. Its days' sales uncollected equals: a. 8 days b. 88 days c. 33 days d. 1-day e. 32 days
Q: Calculate the dollar markup and cost
A: To calculate the dollar markup and cost, we use the following formulas:Dollar Markup = Selling Price…
Q: Need answer
A: Explanation of Gross Profit:Gross profit is the financial measure that represents the difference…
Q: [The following information applies to the questions displayed below.] Raleigh Department Store uses…
A: Identify Inventory Layers and Apply Cost-to-Retail PercentagesStep 1:Calculate the Ending Inventory…
Q: A firm has inventory of $12,600, accounts payable of $11,900, cash of $990, net fixed assets of…
A: Concept of Total Assets:Total assets represent the overall resources owned by a company that provide…
Q: Use this information to determine the number of units
A: Step 1: Contribution margin Immediate calculations are used Contribution margin = Selling price per…
Q: If you want to make a 15% profit from 250 shillings, what price do you place on your goods? Answer
A: Approach to solving the question:Freeform Detailed explanation: To determine the selling price when…
Q: L.L. Bean operates two factories that produce its popular Bean boots (also known as "duck boots") in…
A: To accurately record the anticipated sales return for one pair of L.L. Bean's Bean Boots, we need to…
Q: Solve this financial accounting problem
A: Explanation of Return on Assets (ROA): This is a financial ratio that shows how well a company uses…
Q: Hy expert please given answer
A: Step 1: Definition of Total CostsTotal costs consist of fixed costs (which remain constant…
Q: provide correct answer general accounting
A: Step 1: Analysis of information givenBeginning Accounts Payable (Jan 1, 2023) = $45,000Ending…
Q: provide correct answer general accounting
A: Step 1: Definition of Return on EquityReturn on Equity (ROE) is a ratio that represents the amount…
Q: Sub: financial accounting
A: Explanation of Net Income: Net income represents a company's total earnings or profit after…
Q: 5 PTS
A: Explanation of Book Value: Book value represents the original cost of an asset minus accumulated…
Q: Mala Corporation uses direct labor hours in its predetermined overhead rate. At the beginning of the…
A: Step 1: Introduction factory overheadFactory overheads are defined as indirect costs that are not…
Q: Please solve this problem
A: Step 1: Identify the highest and lowest activity levels From the table:Highest activity level (X):…
Q: Financial Accounting problem
A: Concept of Standard Labor Hours per UnitStandard labor hours per unit refer to the estimated number…
Q: Ronny Electronics budgeted sales at 24,000 units at $85 per unit. The actual sales were 23,500 units…
A: Explanation of Sales Price Variance: This is the difference between actual and budgeted sales…
Q: 4 POINT
A: Explanation of Gross Profit:Gross profit is the difference between total revenue and the cost of…
Q: Hello teacher please help me this question solution
A: Step 1: 1) The total Manufacturing cost assigned to the Job-A-500The total Manufacturing cost…
Q: SteelMax produces metal containers that require 2.5 meters of material at $1.20 per meter and 0.3…
A: Explanation of Standard Material Cost: Standard material cost represents the predetermined cost of…
Q: Financial Accounting
A: Step 1: Define Residual Dividend Payout RatioThe residual dividend policy means that a company will…
Q: RRR Stores has total debt of $6,666 and a debt-equity ratio of 0.59. What is the value of the total…
A: Debt Equity Ratio = Total Debt/Total Equity 0.59 = $6,666/Total Equity Total Equity = 6,666/0.59…
Q: Financial Accounting
A: Concept of RevenueRevenue is the total money earned by a business from selling its products or…
Q: How much overhead is applied to work in process?
A: Explanation of Job-Order Costing System: This is a cost accounting system used when a company…
Q: Need help with this general accounting question not use ai
A: Step 1: Definition of Materials Price VarianceThe Materials Price Variance (MPV) measures the…
Q: What is the per unit manufacturing cost under variable costing?
A: Explanation of Variable Costing:Variable costing is a costing method that includes only variable…
Q: help me to solve this questions
A: Step 1: Definition of Overapplied Manufacturing OverheadOverapplied manufacturing overhead occurs…
Q: L.L. Bean operates two factories that produce its popular Bean boots (also known as "duck boots") in…
A: Instead of outsourcing manufacturing, which frequently results in high backorder levels, L.L. Bean…
Q: If sales = $1,000 and COGS = $600, and operating expenses = $100, the gross profit percentage would…
A: Step 1: Definition of Gross Profit PercentageThe gross profit percentage measures a company's…
Q: not use ai solution given answer General accounting
A: Step 1: Define Holding Period Return (HPR) measures the percentage return on an investment over a…
Q: Compute the estimate cost of the ending inventory
A: Explanation of Gross Profit:Gross profit is the financial metric that represents the difference…
Q: Vimal Manufacturing bases its manufacturing overhead budget on budgeted direct labor-hours. The…
A: Explanation of Manufacturing Overhead Budget: This is a detailed financial plan that outlines…
Q: What is the gross profit margin?
A: Explanation of Sales: Sales, also known as revenue, represents the total amount of money received…
Q: What is the total manufacturing cost for one chanisaw
A: Concept of Direct Materials CostDirect materials cost refers to the cost of raw materials that are…
Q: Determine the profit margin
A: a.Gross Profit = Sales - Cost of SalesGross Profit = $1,500,000 - $580,000 = $920,000Operating…
Q: Accurate answer
A: Approach to solving the question:Freeform Detailed explanation: 1. Direct materials - the raw…
Q: please help with how to solve this thank you
A:
Q: A copy machine cost $78,000 when new and has accumulated depreciation of $72,000. Suppose Print and…
A: Concept of Book ValueBook value represents the net worth of an asset recorded in a company's…
Q: need help this questions
A: Step 1: Definition of Stockholders' EquityStockholders' equity represents the residual interest in…
Q: How many dollars worth of sales are generated from every $1 in total assets?
A: 1.To solve this, we first need to calculate the total assets of the firm. The total assets can be…
Q: If the contribution margin ratio for Vera Company is 28%, sales were $1,135,000, and fixed costs…
A: Concept of Contribution MarginThe contribution margin is the amount remaining from sales revenue…
Q: Solve this financial accounting problem not use ai
A: Step 1: Define Cash Flow to CreditorsCash Flow to Creditors measures the amount of cash a company…
Q: general finance
A: Calculate Cost of Goods Manufactured (COGM): COGM = Total Manufacturing Costs + Beginning…
Q: Financial Accounting
A: Step 1: Define Cash Conversion Cycle (CCC)The Cash Conversion Cycle (CCC) measures the time it takes…
Q: Can you please solve this general accounting problem?
A: Step 1: Define Operating IncomeOperating Income is a company's profit from core business operations,…
Q: SUBJECT FINANCIAL ACCOUNTING
A: Explanation of Stockholders' Equity:Stockholders' equity represents the residual ownership interest…
Q: Please help me this question
A: Step 1: Definition of Overallocated or Under allocated Manufacturing Overhead:The allocated…
Q: How many units must be sold yield a profit of 50000?
A: Explanation of Contribution Margin:Contribution margin represents the amount remaining from sales…
Q: The projected benefits obligation was underfunded at the end of 2010 by ?
A: To determine how much the projected benefit obligation (PBO) was underfunded at the end of 2010, we…
Q: Financial Accounting problem
A: Concept of Business Combination:A business combination occurs when one company acquires control over…
its days sales uncollected equals
Step by step
Solved in 2 steps
- Whalen Company had net sales of 125,500,250,000. Whalen had the following balances: Required: Note: Round answers to two decimal places. 1. Calculate the average accounts receivable. 2. Calculate the accounts receivable turnover ratio. 3. Calculate the accounts receivable turnover in days.Montalcino Company had net sales of 54,000,000. Montalcino had the following balances: Required: Note: Round answers to one decimal place. 1. Calculate the average accounts receivable. 2. Calculate the accounts receivable turnover ratio. 3. Calculate the accounts receivable turnover in days.Last year, Tobys Hats had net sales of 45,000,000 and cost of goods sold of 29,000,000. Tobys had the following balances: Refer to the information for Tobys on the previous page. Required: Note: Round answers to one decimal place. 1. Calculate the average accounts receivable. 2. Calculate the accounts receivable turnover ratio. 3. Calculate the accounts receivable turnover in days.
- A company had net sales of $29, 800and accounts receivable of S4, 400for the current period. Its days' sales uncollected equals: (Use 365 days a year.)O A) 65.09 days.O B) 45.89 days.. C) 69.19 days.O D) 53.89 days.O E) 6.77 days.28A company had net sales of $29,800and accounts receivable of $4,400 for the current period. Its days' sales uncollected equals: (Use 365 days a year.)O A) 65.09 days.O B) 45.89 days.. C) 69.19 days.O D) 53.89 days.O E) 6.77 days.28A company had net sales of $21,000 and accounts receivable of $2,520 for the current period. Its days' sales uncollected equals: (Use 365 days a year.) Multiple Choice 4 43.8 days. 7.4 days. 58.9 days. 8.0 days. 45.2 days.A company had net sales
- 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 $450,000A company had net sales of $84,000 and accounts receivable of $6,720. Its days’ sales uncollected is a. 3.2 days. c. 230.0 days. e. 12.5 days. b. 18.4 days. d. 29.2 days.The company had net sales of
- Step by step answerA 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.A company reports the following: Sales $1,180,410 Average accounts receivable (net) 56,210 Determine (a) the accounts receivable turnover and (b) the number of days' sales in receivables. Round interim calculations to the nearest dollar and final answers to one decimal place. Assume a 365-day year. a. Accounts receivable turnover ___________ b. Number of days' sales in receivables ___________ days