Talarczyk Company sold 10,000 Super-Spreaders on December 31, 2017, at a total price of $1,000,000 cash, with a warranty guarant
1 answer:
You might be interested in
Answer:
35.85 days
Explanation:
I suppose the question reads "What is the days' sales in receivables for 2010?"
To find the days' sales in receivables for 2010, use the following:
Days Sales in Receivales for 2010 = (Accounts Receivable in 2010 / Annual Sales) * 365
Where accounts receivable in 2010 from the information given is 940.
Annual sales = $9,570
Therefore,
Days Sales in Receivales for 2010 =
= 35.85 days
The days' sales in receivables for 2010 is 35.85 days
For simplicity, we will assume 52 weeks in a year (instead of 365 days).
The rate of interest per week actually charged is
Effective Annual Rate (EAR) is obtained by <em>compounding</em> the weekly rate for one year (52 weeks)
=4454629.97%
note: most calculators may not display this value with sufficient accuracy.
The corresponding APR is obtained by <em>multiplying</em> the weekly rate by 52
=1188.57%
The rate of interest per week actually charged is
Effective Annual Rate (EAR) is obtained by <em>compounding</em> the weekly rate for one year (52 weeks)
=4454629.97%
note: most calculators may not display this value with sufficient accuracy.
The corresponding APR is obtained by <em>multiplying</em> the weekly rate by 52
=1188.57%