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
Zanzabum
3 years ago
6

CMS Energy Corp has an operating cycle of 157 days. The firm's days' sales in inventory is 87 days. How much does the firm have

in receivables if it has credit sales of $600,000?
a. $126,922
b. $115,068
c. $81,171
d. $195,183
Business
1 answer:
ella [17]3 years ago
3 0

Answer:

b. $115,068

Explanation:

The computation of the receivables is shown below:

As we know that

operating cycle = days sale of inventory + days sales outstanding

157 days = 87 days + days sales outstanding

So,  

credit days is

= 157 days - 87 days

= 70 days

Now

receivables is

= $600,000 × 70 ÷ 365

= $115,068

Therefore the correct option is second

You might be interested in
What does it mean to provide customer service? PLEASE HELP
stepan [7]

Answer:

Providing excellent customer service means going the extra mile in making sure a customer is happy and satisfied with a company's products or services. It also involves providing service to a customer in a timely, pleasant manner.

8 0
3 years ago
How to convince granter that they should give me a chance?
lisabon 2012 [21]
Try to persuade Chance
5 0
3 years ago
A real estate agent is considering changing her cell phone plan. There are three plans to choose from, all of which involve a mo
Anni [7]

Answer:

req 1)

Plan A

0.42 x 150 + 0.17 x 70 = 74.9

Plan B

0.52 x 150 + 0.15 x 70 = 88.5

Plan C  $80

req 2)

from 0 to 190 minutes Plan A

from 191 and beyond Plan C

req 3)

the proportion should be 1/6 daycalls and 5/6 evenings

Explanation:

150 day calls

70 minutes evening calls

Plan A

0.42 x 150 + 0.17 x 70 = 74.9

Plan B

0.52 x 150 + 0.15 x 70 = 88.5

Plan C  $80

2) A will be preferable to B as it has the lower cost

now at some point C will be better as the cost is a flat rate

80 dollars / 0.42 per minute = 190.47

3) 0.42X + 0.17Y = 0.52X + 0.15Y

a minute of daycall is 10 cent higher in plan B

while a minute of evening call is 2 cent lower

thus, to balance there was to be 5 times more evening call than day times:

1:5 1 + 5 = 6

the proportion should be 1/6 daycalls and 5/6 evenings

8 0
3 years ago
The _____ of the United States is the Federal Reserve.
SpyIntel [72]
The answer would be A. central bank
4 0
3 years ago
Read 2 more answers
A country has been in existence for only two years.
ozzi

Answer:

-1.0 million

Explanation:

the debt issued in the second year is equal to the sum of the excess of revenues over outlays

in year 1, debt = $1.0 million - $1.5 million = $-0.5 million

In year 2, debt  = $1.5 million - $2.0 million = $-0.5 million

$-0.5 million + $-0.5 million  = -1.0 million

4 0
4 years ago
Other questions:
  • Ronald works for a small biotech firm. When the firm presents the results of its clinical trialsto the FDA, Ronald realizes that
    5·2 answers
  • Land in the Marcellus Shale natural gas play is currently leasing for $10,000 per acre. 100 acres are needed in order to drill f
    9·1 answer
  • Your study partner is having trouble getting total debits to equal total credits in the trial balance. Trial Balance Accounts De
    9·1 answer
  • Frank has saved $40.00 for concert tickets, but decides to buy a new pair of jeans instead. In this scenario, what do the concer
    15·1 answer
  • Suppose that this year's money supply is $500 billion, nominal GDP is $10 trillion, and real GDP is $5 trillion. The price level
    7·1 answer
  • The printer ran out of preprinted sales invoice forms and several sales invoices were not printed. The best internal control to
    14·1 answer
  • A conceptual framework is an analytical tool with several variations and contexts. It can be applied in different categories of
    15·1 answer
  • An article in the New York Times about J.C.​ Penney's pricing strategy under former CEO Ron Johnson​ observes: ​"Penney had pull
    5·1 answer
  • Anyone want to talk im bored
    10·2 answers
  • Which type of accounting information is intended to satisfy the needs of external users of accounting information
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!