Gen Combo Ll Financial Accounting Fundamentals; Connect Access Card
Gen Combo Ll Financial Accounting Fundamentals; Connect Access Card
7th Edition
ISBN: 9781260581256
Author: John Wild
Publisher: McGraw-Hill Education
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Chapter 6, Problem 10QS

a

To determine

Introduction: Customers of a company are crucial parts ofthe cash management system.If the customer delay payments they owe to the company, the company will face difficulties in payments of its obligations. To measure how quickly a company collects cash from its customers, days sales uncollected is determined using the following formula.

  Dayssalesuncollected=AccountsReceivableNetsales×365

The change in the number of days’ sales uncollected between year 1 and year 2.

b

To determine

Introduction: Customers of a company are crucial parts ofthe cash management system, if the customerdelay payments they owe to the company, the company will face difficulties in payments of its obligations, to measure how quickly a company collects cash from its customers, days sales uncollected is determined using the following formula

  Dayssalesuncollected=AccountsReceivableNetsales×365

Whether the collection receivable is improved.

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