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
MakcuM [25]
3 years ago
7

The income statement of Pratt Inc. reports net sales of $3,749.9 million for the current year. The balance sheet reports account

s receivable, net of $486.6 million at December 31 of the current year and $520.2 million at December 31 of the previous year. The days sales outstanding in the current year are:
Business
1 answer:
zaharov [31]3 years ago
6 0

Answer:

the Days sales outstanding is 49 days

Explanation:

The computation of the days sales outstanding is shown below:

Days sales outstanding is

= Average accounts receivable ÷ Credit sales × 365  days

= (($520.2 million + $486.6 million) ÷ 2) ÷ $3,749.9 million × 365  days

= 49 Days

hence, the Days sales outstanding is 49 days

We simply applied the above formula so that the correct value could come

And, the same is to be considered

You might be interested in
This is my mom channel please subscribe ​
hichkok12 [17]

Answer:

This is my mom, channel, please subscribe

Explanation:

6 0
3 years ago
On October 1, 2018, Renfro Company purchased to hold to maturity, 4,000, $1,000, 9% bonds for $3,960,000 which includes $60,000
Nataliya [291]

Answer:

Carrying Value=$3,903,000

Explanation:

First we will calculate the face value:

Face value=4000*$1000

Face value=$4,000,000

Purchase Price= Bond Purchased price- Accrued Interest

Purchase Price=$3,960,000-$60,000

Purchase Price=$3,900,000

Total months=100 months

Straight line Discount amortization= (Face Value-Purchase Price)/Total Months

Straight line Discount amortization=($4,000,000-$3,900,000)/100

Straight line Discount amortization=$1,000

Discount Amortization=Straight line Discount amortization*Discount months

Discount Amortization=$1,000*3

Discount Amortization=$3,000.

Carrying Value=Purchase Price+Discount Amortization

Carrying Value=$3,900,000+$3,000

Carrying Value=$3,903,000

7 0
3 years ago
Public Good Contribution: Three players live in a town, and each can choose to contribute to fund a streetlamp. The value of hav
givi [52]

Answer:

iahdiahoaihoiahfoaihfhoihfoisoishfoiafhoihsfoiahsfoisahoiahsoiahsaohfoaihsfoiashfoishosihoihsoihsoiasoihsoishoishoisfhioshosfhosfihosfihisohsoihoihosifhoifhhf

Explanation:

7 0
3 years ago
Matthew Granger is a member of the board of directors at Produxicore Inc. Over a period of one year, Matthew failed to attend mo
FrozenT [24]

Answer: Negligence of duties

Explanation:

As a board member it's one of his primary duty to keep abreast of the firm performance. Not been aware for a year on the excuse of not been informed and not seeking to find out personally shows a negligence of duties.

7 0
3 years ago
What are static, routine, daily business processes such as stocking inventory, checking out customers, or daily opening and clos
denis23 [38]

Answer:

operational business processes

Explanation:

The processes carried out within a company are divided into:

  • operational business processes: carried out by entry level employees and includes routine daily business processes
  • tactical or managerial business processes: carried out by lower management or supervisors and includes semi-routine monthly business processes
  • strategic business processes: carried out by upper management and includes dynamic, non-routine long-term business decision processes

6 0
3 years ago
Other questions:
  • 3. A large hotel wants to relocate some of its parking area. Your company, ABC Contractors, would submit a ___
    12·2 answers
  • What is demand? (Select the best answer.) The amount of something available to consumers The amount of something consumers want
    6·2 answers
  • Cosmetic Profits. Sally is the executive vice president of Big Name Cosmetics Company. Through important and material, nonpublic
    15·1 answer
  • An oligopoly arises when _ have all or most of the sales in an industry. If oligopolists with the same marginal costs and no fix
    9·1 answer
  • Importance of completing client records correctly
    6·1 answer
  • Presented below are the components in Gates Company’s income statement. Determine the missing amounts. Sales Revenue Cost of Goo
    14·1 answer
  • A financial institution has entered into an interest rate swap with company X. Under the terms of the swap, it receives 10% per
    6·1 answer
  • The detailed formulation of future actions to achieve a particular end is a management activity called_________
    6·1 answer
  • Bonita Company is trying to determine the equivalent units for conversion costs with 4500 units of ending work in process at 70%
    7·1 answer
  • An unconfined aquifer with a head of 120 ft (from the bottom of the aquifer) was evaluated using a pumping test. After the head
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!