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umka2103 [35]
3 years ago
12

Billings Inc. has net income of $161,000, a profit margin of 7.6 percent, and an accounts receivable balance of $127,100. Assume

that 66 percent of sales are on credit. What is the days' sales in receivables?
Business
1 answer:
Alexandra [31]3 years ago
4 0

Answer:

33.18 days

Explanation:

Sales = $161,000 / 0.076

Sales = $2,118,421  

Credit sales = 66% * Sales

Credit sales = 66 % * $2,118,421

Credit sales = $1,398,158

Receivable turnover = Credit sales / Account receivable balance

Receivable turnover = $1,398,158 / $127,100

Receivable turnover = 11 times

Days sales in receivable = 365 days / 11

Days sales in receivable = 33.18 days

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Answer:

The sacrifice ratio could be as small as 0

Explanation:

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7 0
2 years ago
On January 2, 2019, Kornis Corporation acquired equipment for $1,500,000. The estimated life of the equipment is 5 years or 90,0
tatiyna

Answer:

D) $600,000

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I hope my answer helps you

4 0
3 years ago
Read 2 more answers
Which one is the correct answer ?
Vinil7 [7]

Answer:

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8 0
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stepan [7]

Answer:

a. a lawful action that is not a tort.

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A tort refers to some wrongful act or some infringement of any right which is other than under any  contract which leads to a legal liability. It is based on a civil law. People are liable for their actions taken against another both accidentally or intentionally.

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Ierofanga [76]
The answer would be C.
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