Year 1 = 35.23 days
Year 2 = 44.64 days
<h3>
What are net sales?</h3>
- Net sales are calculated by deducting appropriate sales returns, allowances, and discounts from gross revenue.
- Net sales costs have an impact on a company's gross profit and gross profit margin, but net sales exclude the cost of goods sold, which is typically a key driver of gross profit margins.
- Net sales are operating revenues obtained by a corporation for selling its products or performing its services in bookkeeping, accounting, and financial accounting.
- They are recorded directly on the income statement as Sales or Net sales and are also known as revenue.
So, Days' Sales Uncollected = Accounts receivable / Net Sales * Days
Year 1 = $64,000 / $663,000 * 365 days = 35.23 days
Year 2 = $91,000 / $744,000 * 365 days = 44.64 days
Therefore,
Year 1 = 35.23 days
Year 2 = 44.64 days
Know more about net sales here:
brainly.com/question/4177260
#SPJ4
The question you are looking for is here:
Barga Co.'s net sales for Year 1 and Year 2 are $663,000 and $744,000, respectively. Its year-end balances of accounts receivable follow Year 1, $64,000; and Year 2, $91,000. Complete the below table to calculate the days' sales uncollected at the end of each year.
Days' Sales Uncollected
Choose Denominator: / Choose Numerator: * Days = Days' Sales Uncollected
Year 1: days
Year 2: days
Answer:
a debit to interest expense and premium on bonds payable and a credit to cash
Explanation:
Based on the information given The Appropriate journal entry to record the AMORTIZATION OF A PREMIUM ON BONDS PAYABLE ON AN INTEREST PAYMENT DATE will include: a DEBIT TO INTEREST EXPENSE and PREMIUM ON BONDS PAYABLE and a CREDIT TO CASH
Debit Interest expense
Debit Premium on bonds payable
Credit cash
(To record the amortization of premium on bonds payable on an interest payment date)
The answer to this question is “Broad
Banding”. This is a term used to having extremely wide salary bands.
When a typical salary band has 40% difference in pay between its minimum and
maximum, broad banding can go as much as 100% difference. Due to this, there is
a collapse in demand for vertical promotions since salary grade for one
position is divided into few wide bands. This promotes lateral development of
employees.
<span> </span>
Nothing stops the government from producing things that people don't need or want.
