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gladu [14]
3 years ago
11

Dyl Pickle Inc. had credit sales of $4,000,000 last year and its days sales outstanding was DSO = 35 days. What was its average

receivables balance, based on a 365-day year.
a. $441,096
b. $318,356
c. $383,562
d. $471,781
e. $368,219
Business
2 answers:
Ede4ka [16]3 years ago
8 0

Answer:

. $383,562

Explanation:

Days of sales outstanding (DSO) = Number of days in a period / Receivables turnover

Receivables turnover  = Revenue /Average receivables

$4,000,000 /Average receivables = Receivables turnover

35 = 365 / ($4,000,000 /Average receivables)

Average receivables = $383,561.64

Montano1993 [528]3 years ago
6 0

Answer:

Option C

Average receivable balance=$383,562

Explanation:

<em>While the the Days sales outstanding (DSO) is the average length if time it takes a business to collect the amount  owing from customers in respect of credit sales</em>

<em>Average receivable balance is the amount of credit sales which is left uncollected on the average at the end of accounting period.</em>

The average receivable balance can be calculated as follows:

Average receive balance = DSO/365 × credit sales

Average receivable balance = 35/365 × 4,000,000 = 383,561.64  

Average receivable balance=$383,562

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BabaBlast [244]

Answer:

Option C is the correct one.

Cognitive

Explanation:

Increasingly concerned about my minor heartbeat irregularities, I think that my health is being threatened, and more and more often I misinterpret my body's normal signals. The cognitive viewpoint best explains the experiences.

7 0
3 years ago
Dexter decides to buy a new smartphone and offset the cost by selling his old phone to one of his friends. His friend has no mon
Nikitich [7]

Answer:

a

Explanation:

Opportunity costs refers to the options that are lost when making a choice between many options. According to my research on opportunity costs in different situations, I can say that based on the information provided within the question the opportunity cost of this exchange the total value of the television, headphones, and bicycle. This is because by choosing the printer he is ultimately losing out on the opportunity of choosing any of the other three items.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

4 0
3 years ago
The following information was available for the year ended December 31, 2019: Net sales $ 894,250 Cost of goods sold 616,850 Ave
iogann1982 [59]

Answer:

Explanation:

Net sales - $894,250

Cost of Goods - $ 616850

Average account receivable - $40,650

Account receivable at year end - $28200

Average inventory - $182000

Inventory at year end - $158,000

Inventory turn over

Cost of Goods sold / Average inventory for the period

616850/182000= 3.40 times

No of days sales in inventory = Ending inventory / Cost of Goods sold *365

158000/616850*365 = 93.5 days

Account receivable turnover = net credit sale / average receivable

894250/40650=21.9

No of days sales in account receivable -

Receivable at year end/total credit sales*365

28200/894250*365= 11.5 days

7 0
3 years ago
Suppose that the marginal propensity to consume in Frugalia is 0.60. The government of Frugalia enacts a stimulus program that i
fgiga [73]

Answer:

option (c) $25 million

Explanation:

Data provided in the question:

The marginal propensity to consume in Frugalia, MPC = 0.60

Increase in spending = $10 million

Now,

The total increase in income

= \frac{\textup{1}}{\textup{1-MPC}}  × Increase in spending

on substituting the respective values, we get

= \frac{\textup{1}}{\textup{1-0.6}}  × $10 million

=  \frac{\textup{1}}{\textup{0.4}}  × $10 million

or

= 2.5 × $10 million

or

= $25 million

Hence,

The answer is option (c) $25 million

5 0
3 years ago
Gnomes R Us just paid a dividend of $1.90 per share. The company has a dividend payout ratio of 25 percent. If the PE ratio is 1
Verizon [17]

Answer:

Stock price=$128.44

Explanation:

Calculation for stock price

First step is to calculate for dividend payout ratio using this formula

Dividend payout ratio=Dividend payout/Earnings

Let plug in the formula

Earnings=($1.90/0.25)

Earnings=$7.6

Now let calculate for PE ratio using this formula

PE ratio=Stock price/EPS

Let plug in the formula

Stock price=$7.6*16.9times

Stock price=$128.44

Therefore Stock price will be $128.44

8 0
3 years ago
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