1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
PtichkaEL [24]
4 years ago
10

A company has net income of $187,000, a profit margin of 8.6 percent, and an accounts receivable balance of $126,370. assuming 6

0 percent of sales are on credit, what is the company's days' sales in receivables? (use 365 days a year. do not round intermediate calculations and round your answer to 2 decimal places,
e.g., 32.16.)
Business
1 answer:
Olegator [25]4 years ago
7 0
The solution for this problem is get first the total sales, credit sales and receivables turnover.
187,000 / 0.086 = $2,174,418 this is your total sales 

2,174,418 x 60% = $1,304,651 is your credit sales 

1,304,651 / 126,370 = 10.32 times is the Receivables turnover 

365 / 10.32 = 35.37 days is the day's sales in receivables
You might be interested in
Which of the following is associated with the market development strategy?
pantera1 [17]

Answer: Option (c) is correct

From the given option the following is associated with the market development strategy: <em>Adding new features to products.</em>

Market development refers to the technique under growth strategy that visualize and establish new market segments for their products. This terminology targets non-buying individuals in targeted segments. This also targets new individuals in new segments.

4 0
3 years ago
Why should games be forbidden on school property
PIT_PIT [208]

Answer:

Explanation:

Games on school property redirect the attention of the students to the games, instead of learning. They cause further disobedience and will often be snuck out to play during class. The students will be distracted and will not learn anything from the time spent in school.

6 0
3 years ago
One of the benefits of an individual retirement account compared with a 401(k) is that the money is guaranteed; however, what co
dem82 [27]

With a 401(k) there is a higher likelihood of money appreciating over a 30 to 40-year period could be a negative for investing solely into an IRA.

Investment definition is an asset obtained or invested in to build wealth and keep money from the difficult-earned income or appreciation. Investment means on the whole to attain an additional supply of income or advantage benefit from the investment over a specific time period.

For the majority, the 401(k) is the better desire, even though the available investment options are less than the best. For excellent results, you may stick with an index price range that has low management prices.

Cryptocurrency can be an extraordinary investment with astronomically excessive returns overnight; but, there may be also a full-size drawback. traders have to analyze whether their time horizon, hazard tolerance, and liquidity requirements healthy their investor profile.

Learn more about investment here brainly.com/question/4681655

#SPJ4

6 0
2 years ago
What is a credit limit and what is it's purpose?
Assoli18 [71]

Answer:

What is a credit limit?

A credit limit is the maximum amount of credit that a financial institution or other lender will extend to a debtor for a particular line of credit.

what is the purpose of a credit limit?

Credit limits determine how much you can spend using your credit cards and serve as a way for lenders to limit the risk of lending money. Having high credit limits can be a good thing, because it gives you the flexibility to spend money when you need to and it may help you maintain good credit scores.

Explanation:

3 0
3 years ago
Both Wisconsin and Illinois border Lake Michigan. The lake is becoming polluted and both states are deciding whether or not to c
kumpel [21]

Answer: the correct answer is Wisconsin gains 300, Illinois loses 100.

Explanation:

Wisconsin won't clean the lake so we have to leave it out of the calculation.

Now Illinois is the one that spends 700 but receives just 600 in benefits.

700-600= 100 ( Illinois loss)

Out of the 900 generated for cleaning the lake, Michigan gets 300, because Wiconsin receives 600, that is,

900-600 =300 ( Wisconsin gain)   (*Remember Wisconsin hasn't spent any single penny because it hasn't clean the lake).

4 0
3 years ago
Other questions:
  • Who is responsible for announcing StartEx and EndEx during an operations-based exercise?
    13·1 answer
  • Question 18 5 out of 5 points china australia steel (tons) cars steel (tons) cars 630 0 1120 0 600 700 900 300 400 1200 600 500
    13·1 answer
  • A system stabilized by negative feedback, with opposing processes offsetting each other, is said to be in ________. Group of ans
    13·1 answer
  • Assume that a country has a closed economy that has only three goods/services. That is, there is no trade with other countries,
    12·1 answer
  • Calculate the 4-day moving average for the following data (Remember that
    10·1 answer
  • If a Starbucks tall latte cost $3.20 in the United States and 3 euros in the Euro area, then purchasing-power parity implies the
    5·1 answer
  • True or False: Computing interest using the sum-of-the-digits method allocates more interest at the beginning of a loan than at
    6·1 answer
  • According to the basic double entry principle of accounting, we
    7·1 answer
  • Wine and Roses, Inc. offers a 5.5 percent coupon bond with semiannual payments and a yield to maturity of 6.32 percent. The bond
    13·1 answer
  • Latiker, Inc., manufactures and sells two products: Product Y9 and Product W0. Data concerning the expected production of each p
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!