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sveta [45]
2 years ago
14

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. )
Business
1 answer:
sineoko [7]2 years ago
8 0

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.

Learn more about Net sales here: brainly.com/question/25623677

#SPJ4

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Explanation:

An agency relationship in corporate finance is a situation whereby a party known as an agent is hired by another party which is the principal, to perform certain functions or services. Based on this question, the share holders are known as the principal while the manager act as the agent. The relationship is formed after the agent has agreed that he or she will represent the principal

3 0
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Explanation:

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4 0
3 years ago
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hram777 [196]

Answer:

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7 0
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