Days Sales uncollected: This is an efficiency ratio that indicates the period for which credit sales remain as receivable. The ratio is calculated by multiplying Accounts receivable with 365 days and dividing the result by Net Sales. The formula for Days Sales uncollected is as follows: D a y s S a l e s u n c o l l e c t e d = A c c o u n t s R e c e i v a b l e * 365 N e t S a l e s Requirement-a: To calculate: The days sales uncollected at the end of year 1 and Year 2 for Barga Co.

Question

Want to see the full answer?

Answer 1

Question

Chapter 8, Problem 15E

To determine

Concept Introduction:

Days Sales uncollected:

This is an efficiency ratio that indicates the period for which credit sales remain as receivable. The ratio is calculated by multiplying Accounts receivable with 365 days and dividing the result by Net Sales. The formula for Days Sales uncollected is as follows:

Days Sales uncollected = Accounts Receivable * 365Net Sales

Requirement-a:

To calculate:

The days sales uncollected at the end of year 1 and Year 2 for Barga Co.

To determine

Concept Introduction:

Days Sales uncollected:

This is an efficiency ratio that indicates the period for which credit sales remain as receivable. The ratio is calculated by multiplying Accounts receivable with 365 days and dividing the result by Net Sales. The formula for Days Sales uncollected is as follows:

Requirement-b:

If the company's days sales uncollected improve or worsen in Year 2 as compared with year 1

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Students have asked these similar questions

Can you explain the process for solving this financial accounting problem using valid standards?

I want the correct answer with accounting

Reef Corporation sells its product for $22 per unit. Next year, fixed expenses are expected to be $385,000 and variable expenses are expected to be $13 per unit. How many units must the company sell to generate a net operating income of $115,000? (Round your answer to nearest unit) Need answer

Answer 2

Question

Chapter 8, Problem 15E

To determine

Concept Introduction:

Days Sales uncollected:

This is an efficiency ratio that indicates the period for which credit sales remain as receivable. The ratio is calculated by multiplying Accounts receivable with 365 days and dividing the result by Net Sales. The formula for Days Sales uncollected is as follows:

Days Sales uncollected = Accounts Receivable * 365Net Sales

Requirement-a:

To calculate:

The days sales uncollected at the end of year 1 and Year 2 for Barga Co.

To determine

Concept Introduction:

Days Sales uncollected:

This is an efficiency ratio that indicates the period for which credit sales remain as receivable. The ratio is calculated by multiplying Accounts receivable with 365 days and dividing the result by Net Sales. The formula for Days Sales uncollected is as follows:

Requirement-b:

If the company's days sales uncollected improve or worsen in Year 2 as compared with year 1

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 3

Question

Chapter 8, Problem 15E

To determine

Concept Introduction:

Days Sales uncollected:

This is an efficiency ratio that indicates the period for which credit sales remain as receivable. The ratio is calculated by multiplying Accounts receivable with 365 days and dividing the result by Net Sales. The formula for Days Sales uncollected is as follows:

Days Sales uncollected = Accounts Receivable * 365Net Sales

Requirement-a:

To calculate:

The days sales uncollected at the end of year 1 and Year 2 for Barga Co.

To determine

Concept Introduction:

Days Sales uncollected:

This is an efficiency ratio that indicates the period for which credit sales remain as receivable. The ratio is calculated by multiplying Accounts receivable with 365 days and dividing the result by Net Sales. The formula for Days Sales uncollected is as follows:

Requirement-b:

If the company's days sales uncollected improve or worsen in Year 2 as compared with year 1

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 4

Question

Chapter 8, Problem 15E

To determine

Concept Introduction:

Days Sales uncollected:

This is an efficiency ratio that indicates the period for which credit sales remain as receivable. The ratio is calculated by multiplying Accounts receivable with 365 days and dividing the result by Net Sales. The formula for Days Sales uncollected is as follows:

Days Sales uncollected = Accounts Receivable * 365Net Sales

Requirement-a:

To calculate:

The days sales uncollected at the end of year 1 and Year 2 for Barga Co.

To determine

Concept Introduction:

Days Sales uncollected:

This is an efficiency ratio that indicates the period for which credit sales remain as receivable. The ratio is calculated by multiplying Accounts receivable with 365 days and dividing the result by Net Sales. The formula for Days Sales uncollected is as follows:

Requirement-b:

If the company's days sales uncollected improve or worsen in Year 2 as compared with year 1

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 5

Chapter 8, Problem 15E

To determine

Concept Introduction:

Days Sales uncollected:

This is an efficiency ratio that indicates the period for which credit sales remain as receivable. The ratio is calculated by multiplying Accounts receivable with 365 days and dividing the result by Net Sales. The formula for Days Sales uncollected is as follows:

Days Sales uncollected = Accounts Receivable * 365Net Sales

Requirement-a:

To calculate:

The days sales uncollected at the end of year 1 and Year 2 for Barga Co.

To determine

Concept Introduction:

Days Sales uncollected:

This is an efficiency ratio that indicates the period for which credit sales remain as receivable. The ratio is calculated by multiplying Accounts receivable with 365 days and dividing the result by Net Sales. The formula for Days Sales uncollected is as follows:

Requirement-b:

If the company's days sales uncollected improve or worsen in Year 2 as compared with year 1

Answer 6

Chapter 8, Problem 15E

To determine

Concept Introduction:

Days Sales uncollected:

This is an efficiency ratio that indicates the period for which credit sales remain as receivable. The ratio is calculated by multiplying Accounts receivable with 365 days and dividing the result by Net Sales. The formula for Days Sales uncollected is as follows:

Days Sales uncollected = Accounts Receivable * 365Net Sales

Requirement-a:

To calculate:

The days sales uncollected at the end of year 1 and Year 2 for Barga Co.

Answer 7

Chapter 8, Problem 15E

To determine

Concept Introduction:

Days Sales uncollected:

This is an efficiency ratio that indicates the period for which credit sales remain as receivable. The ratio is calculated by multiplying Accounts receivable with 365 days and dividing the result by Net Sales. The formula for Days Sales uncollected is as follows:

Days Sales uncollected = Accounts Receivable * 365Net Sales

Requirement-a:

To calculate:

The days sales uncollected at the end of year 1 and Year 2 for Barga Co.

Answer 8

To determine

Concept Introduction:

Days Sales uncollected:

This is an efficiency ratio that indicates the period for which credit sales remain as receivable. The ratio is calculated by multiplying Accounts receivable with 365 days and dividing the result by Net Sales. The formula for Days Sales uncollected is as follows:

Requirement-b:

If the company's days sales uncollected improve or worsen in Year 2 as compared with year 1

Answer 9

To determine

Concept Introduction:

Days Sales uncollected:

This is an efficiency ratio that indicates the period for which credit sales remain as receivable. The ratio is calculated by multiplying Accounts receivable with 365 days and dividing the result by Net Sales. The formula for Days Sales uncollected is as follows:

Requirement-b:

If the company's days sales uncollected improve or worsen in Year 2 as compared with year 1

Answer 10

Expert Solution & Answer

Answer 11

Expert Solution & Answer

Answer 12

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 13

Ch. 8 - Prob. 1QS Ch. 8 - Prob. 2QS Ch. 8 - Prob. 3QS Ch. 8 - Prob. 4QS Ch. 8 - Prob. 5QS Ch. 8 - Prob. 6QS Ch. 8 - Prob. 7QS Ch. 8 - Prob. 8QS Ch. 8 - Prob. 9QS Ch. 8 - Prob. 10QS

Concept explainers

Videos

Want to see the full answer?

Chapter 8 Solutions