Year 1 = 35.23 days
Year 2 = 44.64 days
<h3>
What are net sales?</h3>
- Net sales are calculated by deducting appropriate sales returns, allowances, and discounts from gross revenue.
- Net sales costs have an impact on a company's gross profit and gross profit margin, but net sales exclude the cost of goods sold, which is typically a key driver of gross profit margins.
- Net sales are operating revenues obtained by a corporation for selling its products or performing its services in bookkeeping, accounting, and financial accounting.
- They are recorded directly on the income statement as Sales or Net sales and are also known as revenue.
So, Days' Sales Uncollected = Accounts receivable / Net Sales * Days
Year 1 = $64,000 / $663,000 * 365 days = 35.23 days
Year 2 = $91,000 / $744,000 * 365 days = 44.64 days
Therefore,
Year 1 = 35.23 days
Year 2 = 44.64 days
Know more about net sales here:
brainly.com/question/4177260
#SPJ4
The question you are looking for is here:
Barga Co.'s net sales for Year 1 and Year 2 are $663,000 and $744,000, respectively. Its year-end balances of accounts receivable follow Year 1, $64,000; and Year 2, $91,000. Complete the below table to calculate the days' sales uncollected at the end of each year.
Days' Sales Uncollected
Choose Denominator: / Choose Numerator: * Days = Days' Sales Uncollected
Year 1: days
Year 2: days
Joel is asked to provide a description of his neighbor's car after the car and the neighbor both disappear. he is surprised to find that he really can't accurately recall the make of the car or any special details that might help in identifying it. in this case, joel may be experiencing <u>Pseudoforgetting.</u>
John is a customer service employee at a small
bakery. He notices a customer deliberating the chocolate chip
or sugar cookies. In his head, John hears his boss, "I trust your
judgment; do what it takes to delight the
customer." With that in mind, John offers the customer a sample of each
cookie. John's boss uses empowerment as a motivational tool. (empowerment)
<span>
</span>
Answer:
12
Explanation:
Calculation to determine Determine the company's price-earnings ratio
First step is to calculate the Earnings per Share
on Common Stock
Earnings per Share
on Common Stock = ($410,000 – $60,000) ÷ $50,000
Earnings per Share on Common Stock = $7
Now let calculate thecompany's price-earnings ratio
Price-Earnings Ratio = $84÷$7
Price-Earnings Ratio = 12
Therefore the company's price-earnings ratio is 12
