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velikii [3]
2 years ago
6

The following data are taken from the financial statements of Sigmon Inc. Terms of all sales are 2/10, n/45.

Business
1 answer:
Varvara68 [4.7K]2 years ago
3 0

Answer:

1.                                                             20Y3             20Y2

A  Sales on account                          $5,637,500    $4,687,500

B Beginning Accounts receivables  $650,000      $600,000

C Ending accounts receivables        $725,000      $650,000

Average accounts receivables        $687,500      $625,000 [D=(B+C) / 2[

Accounts receivables Turnover        8.2                 7.5             [E=A/D]

No of days in sales receivables       44.5                48.7          [F=365 / E]

2. The collection of account receivables has <u>INCREASED</u>. This can be seen in both the <u>INCREASE </u>in accounts receivables turnover and the <u>DECREASE </u>in collection period.

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Job promotion and official recognition in form of an award are the motivational package I will give to the employee

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faltersainse [42]

Answer:

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8 0
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