Question

A company had net sales of $30,800 and ending accounts receivable of $3,400 for the current period. its days' sales uncollected equals: (use 365 days a year. )

Answer 1

Days of sales outstanding = 40.29 days

   365 x Account receivable/Net sales

  = 365 × 3400/30800 = 40.29 days

Net sales is the sum of a company's gross sales minus returns, rebates, and rebates. Calculating net sales is not always transparent to the outside world.

Gross sales do not include deductions, but net sales include all expenses incurred during the sales process.

In business and accounting, net income is a company's income less the cost of sales, expenses, depreciation, interest, and taxes for the accounting period.

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