ABC Company's Days Sales Outstanding (DSO) has increased from 20.3 days to 33.7 days this year, although the company's annual sales have stayed the same at $22,000,000. Given this change in the DSO, by how much has Accounts Receivable increased for the year? Show your answer to the nearest dollar (e.g., 123456).

Q: Horton Housewares’ accounts receivable decreased during the year by $5 million. What is the amount…

A: Accounts receivable: Accounts receivable refers to the amounts to be received within a short period…

Q: April Wood Products’ accounts receivable increased during the year by $4 million. What is the amount…

A:

Q: For its most recent year a company had Sales (all on credit) of $750,000 and Cost of Goods Sold of…

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

Q: ABC Sportswear Company had accounts receivable of $206,024,000 at the beginning of a recent year,…

A: Cash receipts from customers will be equal to : Accounts receivables at the beginning of the year  +…

Q: 1. If year one equals P800,000, year two equals P840,000, and year three equals P896,000, the…

A: Hi student Since there are multiple questions,we will answer only first question. If you want…

Q: Barga Company's net sales for Year 1 and Year 2 are $669,000 and $750,000, respectively. Its…

A: Solution:- a)Calculation of  the days' sales uncollected at the end of each year as follows under:-

Q: The financial statements of Bolero Manufacturing Inc. report net credit sales of $900,000 and…

A: Cost Accounting: It is the process of collecting, recording, analyzing the cost, summarizing cost,…

Q: What amount should be reported as net realizable value of accounts receivable on December 31?

A: The net realizable value of accounts receivable can be ascertained as the debit balance in the asset…

Q: Your company had net sales of $100,000 over the past year. One quarter of the sales were credit…

A: Net Sales = 100,000 One quarter were credit sales Credit Sales = Net Sales / 4 = 100,000 / 4 =…

Q: For the past year, Hawkeye, Inc., had a cost of goods sold of $68,382. At the end of the year, the…

A: The average number of days that takes by the corporation to pay back its accounts payable is…

Q: s Inc. had sales of $2,027,773 per year (all credit) and its days sales outstanding was equal to 35…

A: Given, Credit sales amount = $2,027,773 Days sales outstanding = 35

Q: Last year, the Tilden Co. had credit sales in the amount of $470,000, and it had uncollectible…

A: Formula: Estimated uncollectible accounts = Credit sales x percent of estimated uncollectible…

Q: How much were the receipts from customers of Koronadal Gardens? If the balance of accounts…

A: Hi student Since there are multiple subparts, we will answer only first three subparts.

Q: Bulldogs Inc. had credit sales last year amounted to P18,600,000. The firm also had an average…

A: Solution.. Credit sales = P18,600,000  Average accounts receivable = P1,380,000  Average collection…

Q: accounts receivable balance of $391,648. Credit sales for the year just ended were $5,338,411. How…

A: Calculate the number of days to realize Account receivable as follow: Number of days required = 365…

Q: A. Assume that all sales are on account. If sales revenue was $18,000,000 and the average days in…

A: Sales means the amount recorded in books as revenue earned by selling the goods or services. Account…

Q: Crockett Electronics has a quick ratio of 2.00x, $26,775 in cash, $14,875 in accounts receivable,…

A: Quick ratio of the firm is 2.00x , current assets is $59,500 and current liabilities is $20825.…

Q: The following information relates to a company’s accounts receivable: gross accounts receivable…

A: Bad debts is the amount which is unpaid by the customers as a result of credit sales. It is an…

Q: For its most recent year a company had Sales (all on credit) of $850,000 and Cost of Goods Soid of…

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

Q: Greene Sisters has a DSO of 20 days. The company’s average daily salesare $20,000. What is the level…

A: Receivable Turnover Ratio = No. of days in a year / Day's sales outstanding (DSO) Receivable…

Q: TMRW Co. has annual credit sales of $1,080,000 and an average collection period of 32 days in 2010.…

A: 1.  TMRW Co.-   Average accounts receivable balance =  (Annual Credit Sales / 360 days) x Average…

Q: At the beginning of the year, ABC's Accounts Receivable balance was $82,300. During the year ABC…

A: The account receivables are also known by the name of debtors. These are the values due to a firm on…

Q: Jinx Company provided the following information for the current year in relation to accounts…

A: Formula: Net sales = Credit sales - sales return.

Q: The financial statements of the Novak Corp. report net sales of $300000 and accounts receivable of…

A: The answer is as fallows

Q: ABC's sales for this year were $32,250,000 and the Accounts Receivable Turnover Ratio was 15.5. Next…

A: Given, ABC's sales for this year were $32,250,000  &  Accounts Receivable Turnover Ratio was…

Q: A firm has consistently adjusted its allowance account at the end of the fiscal year by adding a…

A:

Q: A company’s year-end balance in accounts receivable is $2,000,000. The allowance for uncollectible…

A: Bad debts written off during the year = Opening balance in allowance for uncollectible accounts +…

Q: A firm has consistently adjusted its allowance account at the end of the fiscal year by adding a…

A: Since it decreases the value of an asset, known as accounts receivable, an allowance for doubtful…

Q: The financial statements of Danielle Manufacturing Company report net sales of $750,000 and accounts…

A: Accounts receivables turnover ratio refers to the efficiency ratio which measures the effectiveness…

Q: If we know that for the year 2010 Johnson's Company had Cost of goods sold = 600,000 USD and Sales…

A: Given that,  Sales (on credit) = 850,000 USD Opening accounts recievables = 75,000 USD Closing…

Q: For its most recent year a company had Sales(all on credit) of $830,000 and Cost of Goods Sold of…

A: Days of account receivables helps to understand how many days are required by the firm to clear its…

Q: n the current year, Borden Corporation had sales of $2,000,000 and cost of goods sold of $1,200,000.…

A: Journal Entry:   Journal entry has two effects for every transaction. The journal entry is passed by…

Q: Baxley Brothers has a DSO of 23 days, and its annual salesare $3,650,000. What is its accounts…

A: Day sales outstanding=23 daysAnnual sales=$3,650,000Days per year=365 days

Q: Barga Co.’s net sales for Year 1 and Year 2 are $730,000 and $1,095,000, respectively. Its year-end…

A: Ratio analysis: The analysis of a company using the financial ratios and comparing its trends and…

Q: ABC Co.'s accounts receivable amounted to $500,000 for year 1, and had increased by 50% in year 2.…

A: Total accounts receivable for year 2 = Total accounts receivable for year 1+ Total accounts…

Q: Video Shack’s accounts receivable decreases during the year by $9 million. What is the amount of…

A: Accounts receivable: Accounts receivable refers to the amounts to be received within a short period…

Q: Baxley Brother has a DSO of 23 days, and its annual sales are $3,650,000.  What is its accounts…

A:

Q: The following annual account balances are from Armour Sports at December 31. a. What is the change…

A: Average collection period: It can be defined as the average number of days that is taken by the…

Q: Camden Hardware’s credit sales for the year were $320,000. Accounts receivable at the beginning and…

A: Accounts Receivable Turnover: The accounts receivable turnover ratio determines the ability of a…

Q: A firm has accounts receivables of R352 476, sales just ended of R3 050 291. What is the average…

A: The Financial Ratio is mainly used by the investor for measuring the financial performance of the…

Q: 5. Krackle Kon Inc, had credit sales of S3,500,000 last year and its days sales outstanding was…

A: Financial Management: Financial management comprises of two words i.e. Finance and management.…

Q: A company’s year-end balance in accounts receivable is $2,600,000. The allowance for uncollectible…

A: Accounts written off = Beginning balance of allowance for uncollectible accounts + bad debt expense…

Q: For its most recent year a company had Sales (all on credit) of $830,000 and Cost of Goods Sold of…

A: Inventory  turnover  ratio = cost of goods sold/Average  Inventory

Conversion Cycle

Conversion cycle is also known as cash cycle or net operating cycle. Conversion cycle refers to how much time a company takes to turn its investments which is done from stock or any other financial resources into cash flows from sales.