Chapter 19, Problem 1CRC

Accounting problem

Can you please solve this accounting issue without use Ai?

What is the capital gains yield ? General accounting question

At year-end, BlueWave Corp. has cash of $15,000, current accounts receivable of $75,000, merchandise inventory of $50,000, and prepaid expenses totaling $8,000. Liabilities of $35,000 must be paid next year. Assume accounts receivable had a beginning balance of $25,000, and net credit sales for the current year totaled $3,000,000. How many days did it take BlueWave Corp. to collect its average level of receivables? (Assume 365 days/year.)

How much are total overhead costs at this level of activity of this general accounting question?

I need this question answer financial accounting

DEF Corporation has an average collection period of 72 days. Total credit sales for the year were $5,600,000. What is the balance in accounts receivable at year-end? (Use 360 days in a year. Round to the nearest dollar.)

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Kindly help me with accounting questions