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
larisa [96]
4 years ago
14

The Perry Company reported Accounts Receivable, Net of $62,800 at the beginning of the year and $74,500 at the end of the year.

If the company's net sales revenue during the fourth year was $914,000, what are the days to collect during year
Business
1 answer:
juin [17]4 years ago
8 0

Answer: 27.14 days

Explanation:

To calculate the Days to Collect during the the Year we will use the following formula,

= Average Accounts Receivables * 365/Sales

This is assuming a 365 year.

Average Accounts Receivables is calculated as

= Ending Receivables + Begining Receivables / 2

= 74,500 + 62,800 / 2

= $68,650 is the Average Inventory

Plugging in the figures then we have,

= 68,650 * 365/914,000

= 27.4149343545

= 27.14 days.

27.14 days to collect during the year.

You might be interested in
Under the temporal method, income statement items that relate to newly recognized assets and liabilities generally are remeasure
ad-work [718]

Answer: historical exchange rate

Explanation:

The temporal method is also referred to as the historical method. Under this method, the currency of a foreign subsidiary is being converted into the currency of the parent company.

It should be noted that under the temporal method, the income statement items which relate to newly recognized assets and liabilities generally are remeasured using the historical exchange rate.

6 0
3 years ago
g Assume that a hypothetical economy with an MPC of 0.8 is experiencing severe recession. Instructions: In part a, round your an
Klio2033 [76]

Answer: $5 billion

Explanation:

First find the spending multiplier which is a multiplier that shows how Aggregate demand increases as a result of additional spending.

Multiplier = 1 / (1 - Marginal propensity to consume)

= 1 / ( 1 - 0.8)

= 5

If the government wants to raise Aggregate demand by $25 billion, they should spend:

Increase in AD = Amount * Multiplier

25 billion = Amount * 5

Amount = 25 / 5

= $5 billion

7 0
3 years ago
Francine installed a new pool for $11,320 using a 12-month deferred payment plan with an interest rate of 20.67%. what is the ba
mr_godi [17]
<span>$11,320 with its interest rate over the year will be $13659.84. If Francine paid $436 each month for a year he would have paid off $5232 in a year. His debt balance would still be remanding at $8427.84. Francine will have paid off a large amount of his payment plan with the company however he will still be required to spend 18 months or so to pay back what he owes as there was a a 20.67% interest sum added to his payment plan with the company.</span>
3 0
3 years ago
What Generation expected immigrants to assimilate and become "American" to the extent of expecting to alter their names upon arr
Anna [14]
Probably millennials
3 0
3 years ago
Jared asked his mom to buy him Coco puffs after watching a TV commercial. To what group does he belong?
Fudgin [204]
A
Hope this helped thank you
8 0
4 years ago
Other questions:
  • Consumers are individuals, businesses, or other groups that
    10·1 answer
  • Bennett Co. has a potential new project that is expected to generate annual revenues of $266,600, with varlable costs of $146,00
    6·2 answers
  • Blue Company produces Trivets. Based on its master budget, the company should produce 13,000 Trivets each month, working 14,500
    14·1 answer
  • Being friendly and communicating enthusiastically with coworkers is an example of
    11·2 answers
  • You are directed to study the actors close to the company that affect its ability to serve its customers-departments within the
    15·1 answer
  • A company buys ten shares of securities at $1,000 each on January 15, year 1. The securities are classified as available-for-sal
    10·1 answer
  • Osawa, Inc., planned and actually manufactured 200,000 units of its single product in 2017, its first year of operation. Variabl
    7·1 answer
  • You are looking for part-time employment and posted your rĂ©sumĂ© to an online job site. One day you receive an e-mail from a co
    14·1 answer
  • Monet Paints Co. is a newly organized business with a list of accounts arranged in alphabetical order, as follows:
    12·1 answer
  • What part of the business letter contains the return address
    10·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!