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nataly862011 [7]
3 years ago
7

A company has net credit sales of​ $1,200,000, beginning net accounts receivable of​ $290,000, and ending net accounts receivabl

e of​ $201,000. What is the​ days' sales in accounts​ receivable? (Round any intermediate calculations to two decimal​ places, and your final answer to the nearest whole​ day.)
Business
1 answer:
7nadin3 [17]3 years ago
8 0

Answer:

Days of receivable will be 75 days

Explanation:

We have given net credit sales = $1200000

Net account receivable at the beginning = $290000

And receivable at the ending = $201000

Average receivable =\frac{290000+201000}{2}=$245500

Now receivables turnover ratio =\frac{credit\ sales}{average\ receivable}=\frac{1200000}{245500}=4.888

Days of receivables = \frac{365}{4.888}=74.67=75days

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Answer:

Behavior

Explanation:

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For example a customer buys a laptop online and after a few days, customers found hanging issues. Customers will dial a customer care number of that particular brand and get helped from them.

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On the other hand, the calls are being monitored for quality and training purposes.

8 0
3 years ago
Under variable costing, if a manager's bonus is tied to operating income, then increasing inventory levels compared to last year
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The manager's bonus will therefore not change as a result of higher inventory levels. Were this absorption costing where fixed overhead was charged to inventory that was not sold, the manager's bonus would increase because the higher inventory level would absorb more of the cost.

7 0
3 years ago
In two or more complete sentences, compare and contrast the 401(k) and the 403(b) savings plans.
Ksju [112]
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5 0
3 years ago
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A consumer's weekly income is $250, and the consumer buys 12 bars of chocolate per week. When weekly income increases to $280, t
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Answer:

0.69

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Therefore we have => 0.083 ÷ 0.12 = 0.69

Hence, the final answer is 0.69

6 0
2 years ago
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sweet-ann [11.9K]
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Its really easy if you think it this way.

7 0
3 years ago
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