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Oksana_A [137]
3 years ago
13

Baxley Brothers has a DSO of 26 days, and its annual sales are $6,205,000. What is its accounts receivable balance? Assume that

it uses a 365-day year. Round your answer to the nearest cent.
Business
1 answer:
Alik [6]3 years ago
6 0

Answer:

The receivable balance is $ 442,000

Explanation:

The DSO is the abbreviation for Days Sales Outstanding and is referred to in no of days.

Based on the data in the question, the average daily sales is $ 6,205,000/ 365 days.

$ 6,205,000 / 365 days =   $ 17,000 per day

If the DSO is 26 days, we need to multiply the average daily sales by the number of days to get the receivable balance

$ 17,000 *DSO of 26 =  $ 442,000

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Please indicate whether each item is Mostly False or Mostly True.
inn [45]

Answer:

1. I can identify the things that I do really well. True, I take feedback and suggestions from experts which lets me know I am doing my job in accordance.

2. I can match my strong points to opportunities in the job market. True, I am a hard-working person and a dedicated person when it comes to Jobs.

3. I get along well with others, even those considered difficult. True, I help the people around me fix their problems even if I have my own.

4. I understand what to do to make myself more competitive. True, I create an opponent inside my mind and emotions to feel challenged and beat my record.

5. I have limited financial resources. False, due to my hard work and experience in business I have many financial resources.

6. I realize that others have more skills in advanced technology than I do.

7. I know exactly what I want to achieve. True, I have set my goals and I can imagine how far I can get.

8. I perform better without specific deadlines. True, in order for me to have a great performance I must take my time to give it all I got.

9. I know what tasks I have to accomplish to reach my goal. True, due to all my experience, I have learned what is needed to comeplete my goal.

10. I know what measures indicate that I have achieved my goal. True.

Explanation:

I own three stores and I am willing to help anyone in the business industry.

6 0
2 years ago
Typically homes ____ over time and cars_____over time
Anit [1.1K]
<span>Typically homes increase in value over time and cars decrease in value depreciate over time </span>
4 0
4 years ago
Read 2 more answers
As the role of coach, the supervisor is expected to:
lana66690 [7]
<span>Know how to tune in his attention to any of his trainees especially when they need to be given attention , be able to lead and guide in the proper direction of the goals and objectives of the team, prepare the team for the main targets of the organisation lastly be always ready to offer a helping hand when needed.</span>
5 0
3 years ago
Garcia Company issues 11.0%, 15-year bonds with a par value of $440,000 and semiannual interest payments. On the issue date, the
podryga [215]

Answer:

Entries are given below

Explanation:

The entry that should be made on January 1 would be

Cash                                 501,600(w1)            Debit

Premium on bonds         61600(w2)              Credit      

Bonds payable                440000                   Credit      

<u>Working 1 </u>

Cash proceeds = $440,000/100 x $114

Cash proceeds = $501600

<u>Working 2 </u>

Premium = selling price of bond - Face value of the bond

Premium =  $501,600 - $440,000

Premium = 61600

8 0
3 years ago
Your employer contributes $75 a week to your retirement plan. Assume that you work for your employer for another 20 years and th
irga5000 [103]

Answer:

This employee benefit is worth $40,384.69 today.

Explanation:

a) Data and Calculations:

Employer contributions per week = $75

Period of work for the employer = 20 years (20 * 52 = 1,040)

Applicable discount rate is 7.5%

PV = $40,384.69

Sum of all periodic contributions = $78,000.00 ($75*20*52)

Total Interest = $37,615.31

b) The worth of the employee benefit equals the present value of all the contributions by the employer and the accompanying interest, compounded weekly at 7.5% per annum for a period of 20 years.

4 0
3 years ago
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