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
enyata [817]
3 years ago
14

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?
Business
1 answer:
NARA [144]3 years ago
4 0

Answer:

35.35  days

Explanation:

For the computation of company’s days’ sales in receivable first we do the following calculations

As we know that

Profit margin = Net income ÷ Sales

0.086 = 187,000 ÷ Sales

Sales = 2,174,418.605

So,

Credit sales = Sales × Sales percentage

= 2,174,418.605 × 0.6

= 1,304,651.163

Receivables turnover ratio = Credit sales ÷ Receivables

= 1,304,651.163 ÷ 126,370

= 10.3241

Now

Days sales in receivables = 365 ÷ Receivables turnover

= 365 ÷ 10.3241

= 35.35 days

You might be interested in
A company claims that 10% of the users of a certain allergy drug experience drowsiness. In clinical studies of this allergy drug
kifflom [539]

Answer:

Answer is D

Explanation:

d. Construct a 95% confidence interval estimate of the population proportion of the users of this allergy drug who experience drowsiness.

5 0
3 years ago
What is a major function of the department of labor?
34kurt
To ensure employers are following federal guidelines and providing equal employment. The Department of Labor can also be used to help people find jobs or stay on their feet if fired and granted unemployment until the person filing for unemployment finds a job or runs out of unemployment funds.
7 0
3 years ago
Cabell Products is a division of a major corporation. Last year the division had total sales of $25,320,000, net operating incom
aalyn [17]

Answer:

ROI = Net operating income        x 100

         Average operating assets

ROI = $1,924,320   x 100

         $6,000,000

ROI = 32.1%

The correct answer is C

Explanation:

ROI is the ratio of net operating income to average operating assets multiplied by 100.

3 0
3 years ago
The following inventory was available for sale during the year for Dolphin Tools: Beginning inventory 10 units at $120 First pur
vaieri [72.5K]

Answer: $4,950

Explanation:

If the company is using the First In First Out method for Inventory valuation then the earlier inventory is sold off first which would mean that the inventory at year end will be the more recent inventory.

The 25 units at the end of the year will be the most recent units purchased and so will be;

20 units from the third purchase

5 units from the 2nd purchase

Inventory value = (20 * 195) + ( 5 * 210)

= $4,950

<em>The options are not for this question. </em>

8 0
3 years ago
What are the advantage and dis advantage of advertising for a hotel?​
Lana71 [14]

Answer:

heres are the pro/advantages and cons/disadvantages of advertising.

Explanation:

Pros                                                                             Cons

Expands the market                                     Encourages monopolistic control

Increases sales                                                      Ad cost might exceed sales

Fights competition                                             Pushes out small businesses

Educates consumers                                                          Misleads consumers

please mark me as brainliest

6 0
3 years ago
Other questions:
  • On january 1, 2016, pet friendly stores adopted the retail inventory method. inventory transactions at both cost and retail, and
    5·1 answer
  • Is the futures price of a stock index greater than or less than the expected future value of the index? Explain your answer.
    8·1 answer
  • This is a nationwide program consisting of more than 30 college-level courses and exams offered at participating high schools, i
    13·1 answer
  • Consider a monopolist currently selling output Q to two different markets: Market A and Market B. This monopolist is able to pri
    6·1 answer
  • Which of the following is not important to know when preparing the flexible budget? A) Budgeted production levels B) Actual prod
    15·1 answer
  • Which of the following best describes a project stakeholder
    7·1 answer
  • Skidmore Music Company had the following transactions in March: Sold instruments to customers for $16,300; received $11,200 in c
    9·1 answer
  • Sarah borrowed $16,500 on May 23 with interest due on September 3. If the interest rate is 9%, find the interest on the loan usi
    5·2 answers
  • Although ZipCar has some routine operating tasks, its rules and regulations are, for the most part, not strict. ZipCar's decisio
    6·1 answer
  • Apple is constantly striving to introduce new products into the marketplace. At the initial stage, Apple design teams are separa
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!