Barga Company's net sales for Year 1 and Year 2 are $669,000 and $750,000, respectively. Its year-end balances of accounts receivable follow: Year 1, $56,000; and Year 2, $91,000. a. Complete the below table to calculate the days' sales uncollected at the end of each year. b. Did days’ sales uncollected improve or worsen in Year 2 versus Year 1?
Barga Company's net sales for Year 1 and Year 2 are $669,000 and $750,000, respectively. Its year-end balances of accounts receivable follow: Year 1, $56,000; and Year 2, $91,000. a. Complete the below table to calculate the days' sales uncollected at the end of each year. b. Did days’ sales uncollected improve or worsen in Year 2 versus Year 1?
Chapter9: Accounting For Receivables
Section: Chapter Questions
Problem 10EA: Millennial Manufacturing has net credit sales for 2018 in the amount of $1,433,630, beginning...
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Barga Company's net sales for Year 1 and Year 2 are $669,000 and $750,000, respectively. Its year-end balances of accounts receivable follow: Year 1, $56,000; and Year 2, $91,000.
a. Complete the below table to calculate the days' sales uncollected at the end of each year.
b. Did days’ sales uncollected improve or worsen in Year 2 versus Year 1?
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