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
kifflom [539]
3 years ago
11

Baxley Brothers has a DSO of 46 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 dollar.
Business
1 answer:
raketka [301]3 years ago
3 0

Answer:

$765,000

Explanation:

The computation of the accounts receivable balance is shown below:

We know that

Days Sales Outstanding = (Accounts receivable ÷  Credit Sales) × Total number of days  in a year

46 days = (Account receivable ÷ $6,205,000) × 365 days

So, the account receivable would be

= ($6,205,000 × 45 days) ÷ 365 days

= $765,000

We simply applied the above formula.

You might be interested in
Depreciation expense is added back to net income when preparing the cash flow from operating activities section because deprecia
luda_lava [24]

Answer:

Depreciation expense is added back to net income when preparing the cash flow from operating activities section because depreciation represents a non cash reduction to net income. Depreciation is a non cash reduction because it notes down the the reduction in the value of an asset due to use as an expense and because the company isn't making any cash transactions due to depreciation of assets therefore it is a non cash expense and this is why it is added back to net income when preparing cash flow from operating activities.

Explanation:

4 0
3 years ago
Suppose that a college physics experiment goes horribly wrong and releases an electronic pulse that renders all electronic equip
docker41 [41]

It will decrease because the marginal productivities of workers will decrease.  Diminishing marginal product occurs when the marginal product of an input goes down as the quantity of the input goes up.  The transformation in product resulting from employing one more unit of a particular input for instance, the change in output when a firm's labor is mark up from five to six units, assuming that the mass of other product are kept constant  is called The input of marginal product or marginal physical product.

5 0
4 years ago
A customer tells you that they “must have” a particular item that you are out of in your store. You can tell that the customer i
bonufazy [111]
I would tell them were other store you can by it that can have there produce available
6 0
3 years ago
Producer surplus is:
Elena L [17]

Answer: Option (d) is correct.

Explanation:

Producer surplus is associated with the producer of a good. Graphically, producer surplus is the area between the upper portion of supply curve and equilibrium price level. Producer surplus is also defined as the difference between the price at which sellers are willing supply and the actual price they received.

Producers surplus = Price paid by buyers - Cost of production

4 0
3 years ago
Amelie decides to offer one of her subordinates, Jason, his pick of tasks on a new project in exchange for his vocal support of
LUCKY_DIMON [66]
The Final answer is c yes
7 0
3 years ago
Other questions:
  • Black & decker uses a __________ strategy to reach the "do-it-yourself" market with the black & decker brand name and th
    7·1 answer
  • Nora was thinking about something else the day her teacher explained the difference between the words "between" and "among," so
    5·1 answer
  • ___ are written laws that establish certain courses of conduct that must be adhered to by the covered parties.
    10·1 answer
  • If Sal sends to Max a high priority e-mail message telling Max that his wife has just died, when in fact Sal knows this to be un
    12·1 answer
  • ​venus diner, a fast food restaurant, has installed two additional billing counters to reduce waiting time for customers. this h
    13·1 answer
  • Melinda Stoffers owns and operates ABC Print Co. During February, ABC incurred the following costs in acquiring two printing pre
    10·1 answer
  • Claude is a single father with 2 children. He can work as a stock clerk at Supermaxi store for $8 per hour up to 1,500 hours per
    13·1 answer
  • ________ seem as a group to be mildly regressive, and ________ seem as a group to be mildly progressive.
    14·1 answer
  • A corporation issued 2,500 shares of its no par common stock at a cash price of $11 per share. The entry to record this transact
    6·1 answer
  • A firm that decides to expand internationally based on the availability of government subsidies in the host country is pursuing
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!