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bagirrra123 [75]
3 years ago
6

The financial statements of the Skysong, Inc. reports net sales of $372000 and accounts receivable of $60000 and $31200 at the b

eginning of the year and end of year, respectively. What is the average collection period for accounts receivable in days?
a. 4.5 times
b. 8 times
c. 9 times
d. 10.3 times
Business
1 answer:
UkoKoshka [18]3 years ago
8 0

Answer:

It will be 8.15 times which is not in the given option

Explanation:

We have given that net sales = $372000

Account receivable at the beginning = $60000

And account receivable at the end = $31200

Average account receivable =\frac{60000+31200}{2}=$45600

We know that account receivable turnover is given by

Account receivable turnover = \frac{net\ sales}{average\ account\ receivable}=\frac{$372000}{$45600}=8.15times

Which is not in the given option

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Viktor [21]
I Think The Answer Is True.
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You purchased a share of stock for $50. Two years later you received $2 as dividend and sold the share for $59. What was your ho
grigory [225]

Answer:

The answer is =22%

Explanation:

Holding period return is the total return from asset or investment portfolio over a period of time. Holding period return is expressed as a percentage.

Its formula is:

[(value at the end of the period- original value) + income or dividend]/ original valuex 100

[2 + (59 - 50)] / 50x 100

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4 0
3 years ago
Use the below information to answer the following question.
lianna [129]

Answer:

$2,253.35

Explanation:

external financing needed = EFN = [(total assets/total sales) x ($ Δ sales)] - [(total current liabilities/total sales) x ($ Δ sales)] - [profit margin x forecasted sales in $ x (1 - dividend payout ratio)]

total assets = $48,900

total sales = $42,700

$ Δ sales = $5,978

current liabilities = $3,650

profit margin = net income / sales = 0.129

forecasted sales = $48,678

dividends payout ratio = dividends / net income = 0.35

EFN = [($48,900/$42,700) x ($5,978)] - [($3,650/$42,700) x ($5,978)] - [0.129 x $48,678 x (1 - 0.35)]

EFN = $6,846 - $511 - $4,081.65 = $2,253.35

7 0
3 years ago
Merchandise inventory is found on the balance sheet as a a. current asset. b. long-term asset. c. long-term liability. d. curren
scoray [572]

Answer:

a. current asset

Explanation:

The merchandise inventory are the goods the business sales as their main operation. They are expected to be ready to sale therefore, ready to be converted to cash within the period, therefore will be current assets.

Unless the company do an specific mention and a certain amount of goods that will expected to be sold in a period of time greater than a year, all merchandise inventory will be current. These specific units will be considered non-current as their are expecteed to be converted to cash i na period greater than 1 year.

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One reason a student may seek a federal student loan instead of a private student loan is that
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Answer:

D

Explanation:

hope this helps please brainiest

8 0
3 years ago
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