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djyliett [7]
3 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]3 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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Finished goods consist of completed unsold goods which have not been sold to customers.

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After critical success factors have been identified, the next step in developing a competitive strategy is to develop relevant a
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2 years ago
cali wants to work on improving her money management skills. to start, she needs to gather financial records. what type of finan
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5 0
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The complete question is:

Which choices will help you cut back on expenses so that you can spend more money on promotions or advertising check all that apply 1. Move to a higher-reng building 2. Use less-expensive ingredients 3. Look for discounted or used machines 4. Hire a young employee at minimum wage 5. Hire a manager to help the business grow

5 0
1 year ago
A rational economic decision: a) may or may not result in the largest economic payoff. b) is concerned with efficiency but not w
zlopas [31]

Answer:

The correct option is B

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7 0
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