1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Kazeer [188]
3 years ago
10

The Perry Company reported Accounts Receivable, Net of $66,000 at the beginning of the year and $72,900 at the end of the year.

If the company's net sales revenue during the fourth year was $882,000, what are the days to collect during year? (Round all calculations to 1 decimal place.)
a. 8.3
b. 30.2
c. 12.1
d. 28.7
Business
1 answer:
rjkz [21]3 years ago
3 0

Answer:

d. 28.7

Explanation:

Calculation to determine the days to collect during year

Using this formula

Average collection period=Average accounts receivables/Net sales*365

Where,

Average accounts receivables=$66,000+$72,900/2

Average accounts receivables=$69,450

Let plug in the formula

Collection period =$69,450/$882,000*365

Collection period=28.7 days

Therefore the days to collect during year is 28.7days

You might be interested in
¿Un producto tiene una EPD de 0,73. Qué podemos decir acerca de la Elasticidad de este producto? Explique.
kifflom [539]

Answer:

En este caso, EPD tiene un valor de 0,73, siendo menor que 1. Por lo que la demanda del bien es inelástica y la cantidad demandada aumenta (disminuye) en menor proporción de lo que baja (sube) el precio.

Explanation:

La elasticidad precio de la demanda (EPD) indica en qué medida los cambios en el precio alteran la demanda de productos o servicios concretos. En otras palabras, la elasticidad precio de la demanda señala cuánto varía la cantidad demandada de un bien cuando varía su precio.

Se calcula comparando el valor porcentual del cambio en el precio con el del correspondiente cambio en la demanda. Es decir, se define como el cambio porcentual en la cantidad demandada dividido por el cambio porcentual en el precio.

Si la EPD > 1, se dice que la demanda del bien es elástica y la cantidad demandada aumenta (disminuye) en mayor proporción en que baja (sube) el precio.  La cantidad demandada aumenta (disminuye) en mayor proporción en que baja (sube) el precio.

Si la EPD < 1, se dice que la demanda del bien es inelástica y la cantidad demandada aumenta (disminuye) en menor proporción de lo que baja (sube) el precio. La demanda de un bien es inelástica cuando la reacción de los consumidores ante un cambio en el precio no es significativa.

Si la EPD = 1, se dice que la demanda del bien tiene elasticidad unitaria y la cantidad demandada aumenta (disminuye) en la misma proporción en que baja (sube) el precio.

<u><em>En este caso, EPD tiene un valor de 0,73, siendo menor que 1. Por lo que la demanda del bien es inelástica y la cantidad demandada aumenta (disminuye) en menor proporción de lo que baja (sube) el precio. </em></u>

4 0
3 years ago
Briefly explain one of the parts of henry clay's proposed american system, a comprehensive plan to bring about economic improvem
Ivanshal [37]
<span>One part of Henry Clay's proposed American system to bring about economic improvement included support for a high tariff, the intent of which was to protect American industries while also generating revenue for the federal government.</span>
3 0
3 years ago
Monkey See. Monkey Take and<br> Humans vs Chimps
DedPeter [7]

Answer:

Monkey do

Explanation:

3 0
3 years ago
Read 2 more answers
I need help on number 8 9 and 10 please help
elena55 [62]

Answer:

8. The opportunity cost is c. wearing the shoes

9. To gain the most satisfaction possible

10. A new toy is less exciting to a child with many toys

Explanation:

3 0
3 years ago
A marketer makes a place decision by selecting channels of distribution. what does this mean?
san4es73 [151]

Answer:

A distribution channel is a chain of businesses or intermediaries through which a good or service passes until it reaches the final buyer or the end consumer. Distribution channels can include wholesalers, retailers, distributors, and even the Internet.

Explanation:

im a martial artist

8 0
3 years ago
Other questions:
  • What is market structure
    14·1 answer
  • Sekelow Enterprises is a debt collection agency. It uses postcards to contact consumer debtors it is attempting to collect from
    13·1 answer
  • The manager of a clothing store in the mall has hired five new employees for the summer. All of them have just graduated from hi
    11·2 answers
  • Which of the following statements is FALSE?A. Asset-specific risks can be easily diversified with highly correlated assets in a
    12·2 answers
  • The 100-room Fantastic Florida motor lodge accepts only cash for its guests. On Saturday evening the hotel had 90 of its rooms o
    12·1 answer
  • Who is most likely to have claimed that "As the client becomes more self-aware, more self-acceptant, less defensive and more ope
    11·1 answer
  • Suppose a country using the United States' system of calculating official unemployment statistics has 100 million people, of who
    15·1 answer
  • 3)During a routine market study conducted by CL Foods, it was noted that Chinese and Indian food products were in high demand in
    6·1 answer
  • Issuing Bonds at a Discount On the first day of the fiscal year, a company issues a $4,000,000, 6%, 8-year bond that pays semian
    14·1 answer
  • It is easier to cut with a sharp knife then what a blunt one​
    5·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!