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BARSIC [14]
3 years ago
7

The financial statements of the larson company report net sales of $1,000,000 and accounts receivable of $80,000 and $60,000 at

the beginning of the year and end of year, respectively. what is the average collection period for accounts receivable in days?
Business
1 answer:
stepan [7]3 years ago
4 0
<span>To calculate the average collection period: the average accounts receivable balance divided by average credit sales per day. With $1,000,000 per year, that is $2739.73 per day. The average accounts receivable is ($80,000 + $60,000) / 2 = $70,000 $70,000 / $2,739.73 = 25.6 days</span>
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kumpel [21]

Based on the amount of debt and equity that Little LampLighter has, the weighted average rate of return would be 12.3%.

<h3>What is the weighted average rate of return?</h3>

First find the total value of debt and equity:
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The weighted average return is:

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= 12.3%

Find out more on weighted average rate of return at brainly.com/question/17284158.

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7 0
2 years ago
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3 years ago
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Aleonysh [2.5K]

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4 0
3 years ago
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If a gain of $5,278 is realized in selling (for cash) office equipment having a book value of $50,852, find the total amount rep
Alina [70]

Answer:

B) $56,130

Explanation:

The cash flow statement shows how the company's operating, investing and financing activities affect the flow of cash by generation or use.

The investing activities section is where the purchase of fixed assets and the amount received for the disposal of these assets are accounted for.

Given that a gain was realized and the book value of  the asset was given, the amount received for the disposal

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This is the amount that will be reported in the investing activities section of the statement of cash flows as an inflow.

6 0
3 years ago
Last week, a gift shop’s employees heard their longtime store manager announce that she is leaving. Now they’ve read an announce
MissTica

Answer: Uncertainty

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6 0
3 years ago
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