Accounts receivables = $6,500 Net Sales = $18,122 Use 360 days when when calculating average days collection

Q: Calculate Days in Accounts Receivable.    Total accounts receivable over 90 days: $18,105.50 A/R :…

A: Days in Accounts receivable is calculated by dividing total Receivables, net of credit by daily…

Q: Compute (a) accounts receivable turnover and (b) days' sales uncollected. H

A: Accounts Receivable Turnover :— It is the ratio between net sales and average accounts receivable.…

Q: Sales on net credit amount to $584,000. The accounts receivable at the beginning and end are $46,000…

A: Ratio analysis means where different ratio of various years of years companies has been compared and…

Q: Accounts Receivable Analysis A company reports the following: Sales $439,460 Average accounts…

A:

Q: es are un creul, All Lacuidus assume au-uay year. The payaures penou Round your answers to the…

A: As per the information provided: Collection period - 62 daysDays sales in cash - 35 daysCurrent…

Q: ​Gross sales $150,000 ​Accounts receivable, beginning of year $18,000 ​Sales…

A: Accounts receivable is the amount owed to a corporation for goods or services delivered or used but…

Q: Following are data for December 31,2021: $5,365,000 Net sales Cost of sales, and related buying…

A: The ratio analysis helps to analyze the financial statements if the business.

Q: What is the receivables turnover?

A: Turnover means the is the amount of sales by the business. It is sometimes called as income of the…

Q: Analyzing Accounts Receivable The following information is taken from the annual report of The…

A: Answer:- Formulas:- Receivable Turnover = Net Sales / Accounts ReceivableRevised Turnover Ratio =…

Q: Accounts receivable turnover and days' sales in receivables For two recent years, Robinhood Company…

A: Average account receivable = (Beginning account receivable + Ending account receivable)/2 20Y9 =…

Q: Oman company had $180,000 sales on credit last year. The accounts receivable balance was $14,000…

A: Given: Credit sales = $180,000 Accounts receivables = $14,000

Q: You are given the following information. Revenue Current liabilities Days sales in receivable…

A: Here, To Find: Cash amount =?

Q: A firm has $400,000 in credit sales and $100,000 in accounts receivable.Compute accounts receivable…

A:

Q: following is select financial statement information from Vortex Computing: Year Net Credit Sales…

A: Accounts receivable turnover is one of the efficiency ratio which shows company is how much…

Q: ccounts Receivable Analysis: A company reports the following Sales $649,700 64,970 Average accounts…

A: Ratio analysis: It is a method used to measure the liquidity, profitability, efficiency of the…

Q: Calculate the Accounts Receivable Turnover for 2021 using the following information: Net Sales…

A: The ratio analysis helps to analyze the financial statements of the business on the basis of…

Q: Following are data foE Net sales $5,365,000 Cost of sales, and related buying costs Accounts…

A: The ratio analysis helps to analyze the financial statements of the business.

Q: Assuming 77 percent of sales are on credit, what is the company's days' sales in receivables?

A: Information Provided: Net Income = $191,000 Profit Margin = 9.10% Accounts Receivable = $106,919…

Q: Recording Write-Offs and Computing Net Receivables Andler Inc. estimates that an allowance of $8,000…

A: The net amount expected to be collected on accounts receivable is the total amount of money that a…

Q: Accounts receivable (net), end of year Net sales on account Terms for all sales are 1/10, n/45…

A: The account receivables turnover ratio is calculated as credit sales divided by average account…

Q: Accounts Receivable Analysis The following data are taken from the financial statements of Basinger…

A: The account receivables turnover ratio is calculated as net sales divided by average account…

Q: What is the number of days’ sales in receivables?  Round to one decimal place. Group of answer…

A: Number of days' in receivables Days Sales Outstanding (DSO) represents the average number of days it…

Q: Millennial Manufacturing has net credit sales for 2018 in the amount of $1,453,630, beginning…

A: In this question, we are required to calculate accounts receivable turnover ratio and the number of…

Q: accounts receivable turnover ratio and the number of days' sales in receivables ratio

A: Accounts receivable turnover ratio = Net credit sales/Average accounts receivable

Q: Need Help with this Question

A: To compute the amount of credit sales, we must take into account the opening balance of Accounts…

Q: Net credit sales = $400,000 Net income = $100,000 Average total assets = $80,000 Average accounts…

A: calculation of average collection period are as follows

Q: OA $27,800 OB. $3,100 OC. $3,140 OD. $3,000

A: Answer : Cash receipt for interest = Beginning interest received  + Interest revenue - Ending…

Q: Accounts Receivable Analysis A company reports the following: Sales $531,440 Average accounts…

A: Accounts receivable represents the amount that has been earned but not yet received by the customer.…

Q: Balance Sheets: Accounts receivable, net Income statements: Sales revenue Receivables turnover ratio…

A: Receivables turnover refers to a financial statistic that indicates how well a firm collects…

Q: Millennial Manufacturing has net credit sales for 2018 in the amount of $1,483,630, beginning…

A: Account receivable turnover ratio: =  Net credit sales / Average account receivable Sales in…

Q: Accounts Receivable Analysis The following data are taken from the financial statements of Sigmon…

A: Accounts receivable (AR) is the balance owed to a business for goods or services delivered or used…

Q: Want Correct Answer with calculation

A: Step 1: Identify the formula for credit sales and the given valuesCredit Sales = Customer payments -…

Q: NG has the following financial data as of December 31, 2019: Gross sales = P250,000.00 Sales…

A: Accounts receivable turnover ratio is calculated by dividing  days in a year by average collection…

Q: XYZ Company has the following information:   Beginning accounts receivable: $50,000 Ending…

A: The efficiency with which a business collects its accounts receivable within a certain time period…

Q: A company has the following information: Net credit sales = $400,000 Net income = $100,000 Average…

A: The ratio is the technique used by the prospective investor or an individual or strategist to read…

Q: The following is information taken from the June 30, 2020, balance sheet of Tippleton Company:…

A: First, compute the net credit sales as shown below: Net credit sales = $1,093,000 - $39,000 Net…

Q: Red Sun Company has a current accounts receivable balance of $350,000. Credit sales for the year…

A: The average collection period, also known as the day's sales outstanding (DSO), is a measure of how…

Q: A wants you to calculate its average days in accounts receivable for the year. Its beginning and…

A: Average account receivable = [(Beginning balance - Beginning allowance account) + (Ending balance -…

Q: Vikrambhai

A: The objective of the question is to calculate the company's average collection period. The average…

Q: mpany reports the following:

A: Account Receivable Turnover = Total Sales Average account receivable(net)   Number of day sales in…

Q: A firm has an ACP of 38 days and its annual sales are $5.3 million. What is its account receivable…

A: The average collection period is a measure of the time it takes for a company to receive payment…