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
shutvik [7]
3 years ago
8

Item1 1 points eBookAskReferencesItem 1 TB MC Qu. 06-91 The following information... The following information is taken from Rea

gan Company's December 31 balance sheet: Cash and cash equivalents $ 8,419 Accounts receivable 70,422 Merchandise inventories 60,362 Prepaid expenses 4,100 Accounts payable $ 14,950 Notes payable 86,638 Other current liabilities 9,500 If net sales for the current year were $612,000, the firm's days' sales uncollected for the year is: (Use 365 days a year.)
Business
1 answer:
Sati [7]3 years ago
4 0

Answer: 42 days

Explanation:

To solve the above question, first, we will have to calculate the debtors turnover ratio which is the date sales uncollected for the year. This will be:

= Sales/Average Accounts Receivables

= $612,000 / $70,422

= 8.69 times

Since we are using 365 days for a year, then the firm's days sales uncollected for the year will be calculated as:

= 365 / 8.69

= 42 days

You might be interested in
Summarize these two up-and-coming leadership positions in digital media: digital media supervisor and chief digital officer (CDO
Blababa [14]

The big difference between the CIO and the Chief Digital Officer is the responsibility for turning IT into a value creator, which is something that the CIO typically doesn’t have in most organizations.

<h3>How to compare the difference?</h3>

The chief digital officer is the leading digital business from the front in a way that most CIOs aren’t. It should be that most CIOs are not trying to think of new markets, new channels, or new business models that the organization should be getting and making that a top priority. .

The CIO is used to operate much larger operations. The Chief Digital Officers are very multidisciplinary, so they have a lot of different experiences, and they're very comfortable talking with marketing and sales in their language.

They’re very good at talking to the product teams in their language and operations in their language, and executives, and so on. And not to the same degree that we see the CIOs that don’t really talk the language of business .

Learn more about digital media on:

brainly.com/question/25356502

#SPJ1

7 0
2 years ago
Which of the following would NOT affect your FICO score?
Elodia [21]
D) Which is Defaulting on a loan!
8 0
2 years ago
Littleton Books has the following transactions during May. May 2 Purchases books on account from Readers Wholesale for $3,600, t
myrzilka [38]

Answer:

A periodic inventory method is a method where the inventory account is adjusted at the end of each accounting period and not continuously as with the perpetual method. All inventory purchased is recorded to a purchases account. Cost of goods sold is calculated by adding purchases to beginning inventory and then subtracting ending inventory. The following journal entries are examples of how to account for inventory under a periodic management method.

explanation:

4 0
3 years ago
Name and describe three ways that companies can benefit from being ethical.
dalvyx [7]
Higher revenues – demand from positive consumer support.
Improved brand and business awareness and recognition.
Better employee motivation and recruitment.
3 0
3 years ago
_______ capital is the economic or productive potential of strong, trusting, and cooperative relationships. This type of capital
Reil [10]

Answer:

Social capital

Explanation:

Social capital is defined as the effective or efficient functioning of the social groups through using the relationship of interpersonal, shared understanding, reciprocity, shared norms, cooperation, shared values and shared norms.

So, the social capital is the productive potential of cooperative relationships, strong and trusts. And this kind of capital help the person land the job. Within the survey it is stated that the 74% had found quality applicants by referrals of employees.

7 0
3 years ago
Other questions:
  • The relationship between average and marginal variables can be stated as follows: if the marginal is greater than the average, a
    12·1 answer
  • A budget for a business could best be created in a:
    5·1 answer
  • Ok 1 more!!!!!!!!!!!!!!!!!!!!
    9·1 answer
  • For the majority of companies, the most common increase in the cost of production results from rising ____.
    5·2 answers
  • A. If a wage of $10.25 were to be imposed on this market, such that the market was not longer strictly competitive, what would b
    7·1 answer
  • I need help please !!!!!
    6·1 answer
  • 5 Disadvantage of sole proprietorship?
    11·1 answer
  • How do i type i am serious
    9·1 answer
  • Amrit initiated a new venture with cash Rs 20,000 ,bank balance Rs 80,000 and computer Rs 50,000​
    8·1 answer
  • The introduction into your real estate market of many hud and va foreclosed properties will probably cause the value of similar
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!