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Ahat [919]
3 years ago
7

The following information is taken from Reagan Company's December 31 balance sheet: Cash and cash equivalents $ 9,619 Accounts r

eceivable 76,422 Merchandise inventories 66,362 Prepaid expenses 5,300 Accounts payable $ 16,150 Notes payable 92,638 Other current liabilities 10,700 If net sales for the current year were $605,500, the firm's days' sales uncollected for the year is:
Business
1 answer:
abruzzese [7]3 years ago
5 0

Answer:

46.07 days

Explanation:

Calculation for the firm's days' sales uncollected for the year

Using this formula

Days' Sales Uncollected Ratio = Ending Accounts Receivable/Net Sales * 365

Let plug in the formula

Days' Sales Uncollected Ratio = ($76,422/$605,500) * 365

Days' Sales Uncollected Ratio = 46.067 days

Days' Sales Uncollected Ratio = 46.07 days Approximately

Therefore the firm's days' sales uncollected for the year is: 46.07 days

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You and your friends have decided to build a skateboard ramp behind your house. You have already purchased $500 in materials and
Rufina [12.5K]

Answer:

Hand saw is cheaper.

Explanation:

Given:

Material cost = $500

Electric saw cost rent per hour = $20

Building hour from electric saw = 6 hour

Building hour from hand saw = 15 hour

Time off pay from job = $8/hour

Computation of total cost from Electric saw :

Total cost from Electric saw = Material cost + Renting cost of electric saw + Time of from job

Total cost from Electric saw = $500 + (6 × $20) + (6 × $8)

Total cost from Electric saw = $500 + $120 + $48

Total cost from Electric saw = $668

Computation of total cost from hand saw :

Total cost from hand saw = Material cost + Time of from job

Total cost from hand saw = $500 + (15 × $8)

Total cost from hand saw = $500 + $120

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Hand saw is cheaper.

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3 years ago
A nurse is caring for an older adult client with advanced Parkinson's disease. Which client statement about advance directives i
olga55 [171]

Answer:

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Explanation:

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8 0
3 years ago
Many organizations are adapting to the environment by developing more of a(n) _____ relationship rather than a(n) _____ relation
Bingel [31]

The development of the last decades, population growth and concentration in cities, tensions and lack of resources, as well as the challenge posed by climate change, have contributed so that in recent years many organizations modify their lines of action and actions regarding its competitors, adopting less aggressive measures that contribute to the change and strengthening of healthy social relations.

Answer

b. partnership, adversarial

Many organizations are adapting to the environment by developing more of a <em>partnership</em> relationship rather than an adversarial relationship with competitors.

6 0
3 years ago
A law firm billed a client $1,800 for entries will the firm make to record this transaction? work performed in the current month
Anika [276]

Answer:

E) Debit Accounts Receivable, $1,800; credit Legal Fees Revenue, $1,800

Explanation:

The Journal Entry is as follows :-

Accounts Receivable Dr,                 $1,800

         To Legal fees revenues         $1,800

(Being the billing is recorded)

Therefore for passing the journal entry, we debited the Accounts Receivable $1,800 with the credited Legal fees revenues $1,800 so that the proper posting can be done.

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3 years ago
"if our company achieves a high level of relational coordination, what can we expect in terms of employee behavior?" check all t
scoray [572]

If a company has a high level of relation coordination then the expected employee behavior is good as well. The employees respond to the company is highly satisfactory

6 0
3 years ago
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