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djyliett [7]
2 years ago
5

A company has annual sales of $32,000 and accounts receivables of $2,200. The gross profit margin is 31.3%. The receivable days

estimated from the data above is ______.
Business
1 answer:
marissa [1.9K]2 years ago
8 0

Answer: 80.17 days

Explanation:

The Receivable days estimated is calculated by the formula:

= Accounts receivable * 365 / (Annual sales * Gross profit margin)

= 2,200 * 365/ (32,000 * 31.3%)

= 2,200 * 0.03644169329

= 80.17 days

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Explanation:

1. What effect is the new diet likely to have on the number of apple orchards within 100 miles of New York City?

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2.  What effect is the diet likely to have on housing prices in New York City?

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4 0
2 years ago
A company offers ID theft protection using leads obtained from client banks. Three employees work 40 hours a week on the leads,
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Answer: MFP= 4.00±0.01

Explanation:

8 0
3 years ago
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When Lisa purchased her house, the mortgage lender required her homeowner's insurance to cover 100% of the loan amount. After ma
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High Country Apparel signed a $75,000, two-year, interest-bearing, 5% note on October 1, 20XX. The maturity value of the note is
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Based on the information given the maturity value of the note is: $82,500.

Using this formula

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Let plug in the formula

Maturity value of note=$75,000+($75,000×2 year×0.05)

Maturity value of note=$75,000+$7,500

Maturity value of note=$82,500

Inconclusion  the maturity value of the note is: $82,500.

Learn more about maturity value of note here:brainly.com/question/24374294

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2 years ago
In its recent income statement, a firm reported $25 million of net income, and in its year-end balance sheet, the firm reported
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Answer:

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