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
Sara is the team leader for the remote coding project team at her hospital. She has brought together coders, IT technicians, and
harkovskaia [24]

Answer:

Forming.

Explanation:

The forming stage includes a time of direction and acclimating. Uncertainty is high during this stage, and individuals are searching for leadership and authority. A member who declares authority or is educated might be hoped to take control.

6 0
3 years ago
Many of the responsibilities associated with working in a professional sport organization, such as the National Football League
I am Lyosha [343]

Answer:

False

Explanation:

Many of the responsibilities associated with working in a professional sport organization is similar to the responsibilities found in collegiate athletic administrations

Collegiate athletic administration is a body that regulates student athletes from North American it generally covers unprofessional and university level competitive games and it is non-profit . while professional sport organizations have vast responsibilities that are applicable to collegiate athletic administration

8 0
3 years ago
Select the instances in which you should include a comma
Shkiper50 [21]

A E F are the answrs i have.

3 0
3 years ago
Read 2 more answers
Exercise 13-26 (LO. 5) Henry is a 50% partner in HJ Partnership. This year, the tax form he receives from HJ (Schedule K-1 of Fo
Eduardwww [97]

Answer:

20,000

Explanation:

Henry has already received the $10,000 from HJ, It would be considered as a partial withdrawal of his share of profit. His total income should be 20,000 (40,000 x 50%) so the remaining 10,000 of his share of profit may be received by him later on a future date

Henry must report on his Form 1040 from HJ for the tax year = 40,000 x 50%

Henry must report on his Form 1040 from HJ for the tax year = 20,000

3 0
3 years ago
Luxury Dwellings Inc. is a condominium-building company that is based in the country of Veritas. It sells high-priced homes to c
adelina 88 [10]

Answer:

International.

Explanation:

International strategy is the process of increasing involvement of enterprises in international markets. More specifically, internationalisation comprises the planning and implementation of specific products and services that can easily be adapted to foreign markets and cultures.

Why is it important to look abroad?

•  Desire to grow

•  Increase in performance and recognition

•  Unsolicited foreign orders

•  Domestic market saturation or limitations The crisis presents challenges at home, but also opportunities abroad

•  Potential to exploit a new technological advantage

•  Different geographies have different needs and complement each other in presenting a wide range of gaps and opportunities to build market presences.

6 0
3 years ago
Other questions:
  • City Movers announced that its next annual dividend will be $.40 a share. The following dividends will be $.60, and $.75 a share
    8·1 answer
  • Bill has a mortgage loan on his personal residence. he decides to pay 18 months of interest in advance on october 1, 2016. the t
    12·1 answer
  • Which sentence in the text signifies the ‘tangibility’ of goods? Valerie went to a supermarket to buy some oranges. She entered
    7·1 answer
  • On June 13, the board of directors of Siewert Inc. declared a 2-for-1 stock split on its 60 million, $2.00 par, common shares, t
    8·1 answer
  • Jonathan, a salesperson for a food processor manufacturing company, is selling his company's new juicer to prospective customers
    11·2 answers
  • Your parents have accumulated a $120,000 nest egg. They have been planning to use this money to pay college costs to be incurred
    13·1 answer
  • A politician, surrounded by a crowd of people, comes under gunfire. The would-be assassin is using a fully automatic firearm. A
    7·1 answer
  • 25 point multiple choice
    14·1 answer
  • The profit-maximizing rule leaves room for cases where it is both possible and reasonable for a firm to operate at a loss over t
    12·1 answer
  • The united auto workers is an example of a(n) union.craft industrial occupation and associational
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!