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
Pavel [41]
2 years ago
5

The Holiday Corporation had sales of $450 million this year. Its accounts receivable balance averaged $30 million. How long, on

average, does it take the firm to collect on its sales
Business
1 answer:
Zina [86]2 years ago
8 0

Answer:

24.3 days

Explanation:

Calculation for How long, on average, does it take the firm to collect on its sales

Using this formula

Average collection period = (Accounts receivable / Credit sales) * 365 days

Let plug in the formula

Average collection period =$30 million/$450 million *365 days

Average collection period =24.3 days

Therefore How long, on average, does it take the firm to collect on its sales is 24.3 days

You might be interested in
How do I get more questions?
Tomtit [17]

Answer:

You need to get more points so you can ask questions.

Explanation:

You can do this by answering other people's questions

8 0
3 years ago
Read 2 more answers
Hellooo, I need friends, also a huggggyyyyy!!!!
klasskru [66]

Answer:

bet :)

Explanation:

4 0
2 years ago
Read 2 more answers
Frictional and structural unemployment can be alleviated by implementing a supply-side policy such as 19) A) * decreasing govern
balu736 [363]

Answer: the government giving tax breaks to companies locating in poor geographic areas.

Explanation:

4 0
2 years ago
Which Human Services workers must have a strong sense of visual style in order to carry out the tasks for which they
Delicious77 [7]

Answer:

personal care service workers because they know what they are doing and are good

6 0
2 years ago
Read 2 more answers
The opportunity cost of an item is a. what you give up to get that item. b. usually less than the dollar value of the item. c. t
Jobisdone [24]

Answer: a

Explanation:

Opportunity costs represent the benefits an individual, investor or business misses out on when choosing one alternative over another. While financial reports do not show opportunity cost, business owners can use it to make educated decisions when they have multiple options before them.

Because by definition they are unseen, opportunity costs can be easily overlooked if one is not careful. Understanding the potential missed opportunities foregone by choosing one investment over another allows for better decision-making.

Opportunity cost analysis also plays a crucial role in determining a business's capital structure. While both debt and equity require expense to compensate lenders and shareholders for the risk of investment, each also carries an opportunity cost. Funds used to make payments on loans, for example, are not being invested in stocks or bonds, which offer the potential for investment income. The company must decide if the expansion made by the leveraging power of debt will generate greater profits than it could make through investments.

6 0
3 years ago
Other questions:
  • Research shows that ____ strategies are not as prevalent as once thought, and that they are very difficult to implement. in fact
    6·1 answer
  • Joe is an accountant and plans to join a group of accountants. he compares a group in a general partnership with a group in a li
    12·1 answer
  • The section of Waterways that produces controllers for the company provided the following information.
    6·1 answer
  • Max Weber believed that a company that is a bureaucracy never achieves a competitive advantage because it is inefficient and is
    8·1 answer
  • Abraham drinks Mountain Dew. He can buy as many cans of Mountain Dew as he wishes at a price of $0.55 per can. On a particular d
    11·1 answer
  • If there is capital flight from the United States, then the demand for loanable funds a. shifts left while the supply of dollars
    7·1 answer
  • STATEMENT OF STOCKHOLDERS’ EQUITY In its most recent financial statements, Newhouse Inc. reported $50 million of net income and
    7·1 answer
  • Green Field Potatoes Co. sells a by-product of its potato processing operation, called a filter cake, to area feed-lots as cattl
    9·1 answer
  • There are costs and benefits to either method of solving a Capitalizing Problem.<br> True or False?
    11·1 answer
  • How can i earn from Brainly <br> Someone is there to help me <br> Plzzzzzzzzzzzzzzzzzzzzzzzzz
    14·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!