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
daser333 [38]
3 years ago
5

Days sales outstanding. Baxley Brothers has a DSO of 23 days, and its annual sales are $3,650,000. What is its accounts receivab

le balance? Assume that it uses a 365 day year.
Business
1 answer:
marishachu [46]3 years ago
4 0

Answer:

$230,000

Explanation:

Given that,

Days sales outstanding, DSO = 23 days

Annual sales = $3,650,000

Assume that it uses a 365 day year

Accounts receivable = (Annual sales × Days sales outstanding) ÷ 365 days

                                  = ($3,650,000 × 23) ÷ 365 days

                                  = $83,950,000 ÷ 365 days

                                  = $230,000

Therefore, the Baxley Brothers has  $230,000 balance in its accounts receivable.

You might be interested in
Because farm products have a low elasticity of demand a small change in output will have
GaryK [48]
<span>Because farm products have a low elasticity of demand a small change in output will have a similar effect on the price. Since the low elasticity of demand directly relates to </span>pricing, when the smaller change in output happens, a smaller drop in profits does as well. The price of the item will decrease to compensate for less products selling. 
7 0
3 years ago
List three or four effects of financial irresponsibility.
Aleksandr-060686 [28]
Debt
Fraud
being broke
5 0
3 years ago
Net sales revenue for 2024 was and for 2025 was . what is the percentage of increase or decrease in net sales revenue for the tw
polet [3.4K]

The percentage of increase or decrease in net sales revenue  a decrease is 15.45%

Sales in 2024 = $110000

Sales in 2025 = $93000

Decrease in sales between two periods = ($110000 - $93000) = $17000

Percentage of decrease in sales = [($17000 / $110000 Base year) X 100]

=> 15.45% decrease in net sales revenue from 2024 to 2025

Net sales are gross sales generated by the business, excluding returns, rebates, and rebates. This number is used by analysts when making business decisions or analyzing a company's revenue growth.

Total sales are not adjusted for returns, rebates, and rebates. The earnings reported on the top line of a company's income statement are net earnings. Net sales are also known as net sales, net sales, or sales.

Revenue is the total amount of revenue from sales for a specific period. Quarters. Sales may be reported as net sales as they may include discounts and deductions from returned or damaged merchandise.

Learn more about  net sales revenue here:

https://www.plagiarismremover.net/

#SPJ4

6 0
2 years ago
True or False:
kramer

Explanation:

22

3 25

6 15

a. Determine which variable is the dependent variable.

b. Compute the least squares estimated line.

c. Compute the coefficient of determination. How would you interpret this value

5 0
3 years ago
Which professional has helped Jennifer in this example?
Yuki888 [10]

Answer:

would it be sales representative since they were only able to replace the device and apologize

7 0
2 years ago
Other questions:
  • A useful guideline in designing policies and operating procedures that facilitate good strategy execution is ________.
    13·1 answer
  • Tax savings generated from deductions are considered cash inflows.
    5·1 answer
  • The following logo is present on the letterhead of an organization. Which category of communication does this involve?
    9·2 answers
  • Prospective utilization review is:
    6·1 answer
  • Six months ago, you purchased 2,700 shares of ABC stock for $44.81 a share. You have received dividend payments equal to $.50 a
    14·1 answer
  • A farmer purchased a module builder for $50,000. The bank is willing to loan him $37,000. The terminal value of this investment
    15·1 answer
  • 7 points Check my workCheck My Work button is now disabled1Item 3 A company with $795,000 in operating assets is considering the
    13·1 answer
  • The owner of a mansion with extensive landscaped grounds installed a life-size marble statue of his late mother affixed to a gra
    13·1 answer
  • Do It! Review 9-2a On January 1, 2017, Salt Creek Country Club purchased a new riding mower for $17,500. The mower is expected t
    13·1 answer
  • Why does the government oversee the provision of public goods?
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!