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
qwelly [4]
2 years ago
15

Senath Company's annual report reveals net credit sales of $266,000 and average accounts receivable of $46,000. The report also

shows an average inventory balance of $16,500 and cost of goods of $265,000. Based on this information (treat any partial day as a whole day) :_________
a. the average number of days to collect receivables is 6.
b. the average number of days to collect receivables is 64.
c. the accounts receivable turnover is 16.
d. the accounts receivable turnover is 15.
Business
1 answer:
SpyIntel [72]2 years ago
5 0

Answer:

b. the average number of days to collect receivables is 64.

Explanation:

Average number of days to collect receivables = Accounts Receivable ÷ ( Sales / 365)

                                                                               = $46,000 ÷ ($266,000 / 365)

                                                                                = 63.10 or 64

Conclusion

The average number of days to collect receivables is 64

You might be interested in
____________ include veterans’ payments, welfare, and social security payments..
zvonat [6]

Answer:

<u><em>Statement of Payments</em></u>

Explanation:

<em><u>Statement of Payments</u></em> include veterans’ payments, welfare, and social security payments..

<u><em>Social Security Benefits </em></u>are payments made to qualified retirees, disabled persons, to their spouses, children and survivors etc.

<u><em>A statement of payments</em></u> is  usually submitted with income tax return to receive the Senior Citizens'€™ Exemption.

7 0
3 years ago
After collecting 217 completed questionnaires and reviewing the results, you find you're no closer to deciding on a location tha
Furkat [3]
A) Did not provide clear measurable choices
5 0
3 years ago
Read 2 more answers
Holding all other things constant, if the expected unit sales increase, then the markup under absorption costing will:_________
Veseljchak [2.6K]

Holding all other things constant, if the expected unit sales increase, then the markup under absorption costing will It increases 11.11% to 20% by the increase in units.

A water-soaked paper towel is an example of absorption. If you dip a crayon into the ink for a while, it will take on the color of the ink through absorption. Oxygen and carbon dioxide dissolves in water by absorption. Absorption of ammonia gas by water.

Absorption is the process by which digestive products are taken into the blood to nourish the rest of the body. During absorption, digestive products are carried through the mucous membranes into the blood or lymph.

Learn more about   absorption  here

brainly.com/question/26061959

#SPJ4

3 0
2 years ago
Your restaurant plans to spend $1,000 on social media ads. Your average meal sells for $10 and food cost is 30%. How many additi
Romashka [77]

Answer:

Number of meals = 100

Explanation:

The amount that the restaurant plan to spend on ads = $1000

The average selling price of meal = $10

The cost of food is = 30%

At breakeven, the total revenue is equal to total cost.

Total cost of advertsing = total revenue  

So, the number of meals = $1000 / 10 = 100

5 0
3 years ago
Select the correct answer. George works in a factory and is a member of the labor union. He thinks his wages are low for the wor
lukranit [14]

Answer:

C. collective bargaining

Explanation:

Collective bargaining is when negotiations for better terms of service involve and a group of employees or organized representatives of employees and the employers. The essence of collective bargaining is to have negotiations conducted by parties with interests only, not outsiders.

Collective bargaining may involve a single firm and its employees or employees from different organizations within the industry and their employers. The negotiation objective is to reach an agreement on improved terms or better working conditions.

6 0
3 years ago
Other questions:
  • Show Stoppers is a monopoly provider of ticket services for the concerts and sporting events and their current service charge is
    7·1 answer
  • One primary focus of substantive tests in the finance and investment cycle is on:
    13·1 answer
  • After customer service representatives are trained, their phone calls are monitored to determine if the CSRs are applying the le
    7·1 answer
  • Grandiose Growth has a dividend growth rate of 20%. The discount rate is 15%. The end-of-year dividend will be $3 per share. Wha
    10·1 answer
  • The lowest point on a purely competitive firm's short-run supply curve corresponds to __________. a. the minimum point on its AT
    13·1 answer
  • What might be considered an example of a ruthless business tactic?
    7·1 answer
  • A government makes a contribution to its pension plan in the amount of $10,000 for year 1. The actuarially-determined annual req
    12·1 answer
  • Employers must send the
    10·1 answer
  • The P Ltd acquires all issued capital of the S Ltd for a consideration of $1,000,000 cash and 800,000 shares eachvalued at $1.50
    5·1 answer
  • Descriptive account does not capture all that is involved. (T/F)true or false​
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!