Explain how to calculate day’s sales in receivable.

Q: Please help with the calculation of Net profit margin, Gross profit margin, Current ratio, Acid test…

A: Net profit margin = Net profit (loss) / Sales Revenue = - 1410 / 5600 = - 0.25   Given Net income =…

Q: what is the estimate of uncollectible accounts receivable based on the percentage of sales

A: Account receivable means where goods has been sold on credit and amount has not been received.…

Q: Explain when EXACTLY you would prefer the previous balance method to the average daily balance…

A: Previous balance sheet method is a way wherein amount of interest is charged on the previous month…

Q: Payables and Receivables. As a financial manager, would you prefer that the accounts payable period…

A: The longer the period one can wait to make payment for the inventory, the longer will be the A/P…

Q: Record the sale of receivable.

A: Sometimes companies require funds and they too have the assets like the accounts receivables for…

Q: How to calculate accounts receivable turnover

A: Accounts receivable turnover refers to how a business uses its assets.The receivables turnover ratio…

Q: Explain the initial measurement of long-term notes receivable.

A: solution : Explain the initial measurement of long-term notes receivable. Long term note receivables…

Q: How would I go about finding the previous reported sales, when I have the current sales and the…

A: Given: Current Sales Percentage increase in Sales

Q: Compute Swiftys accounts receivable turnover for the year, assuming the receivables are sold. (Rou

A: Accounts receivable is the amount that shows that the income has been earned by the company but the…

Q: What does the days’ sales in receivables indicate, and how is it calculated?

A: Day's Sales: Day's sales refer to the average number of days for which a receivable remain…

Q: The days' sales uncollected ratio is used to:  Measure how many days of sales remain until the end…

A: Formula: Days sales uncollected ratio = ( Accounts receivable / Net sales ) x 365 days Division of…

Q: hello may i ask how much is the net adjustment to the cash account? including debit or credit thank…

A: Assets have debit balance and Liabilities have credit balance. Cash account is current asset with a…

Q: How did you get Accounts Receivable and Sales?

A: Account receivable is the amount which is to be received from the customers or the customers who…

Q: What does the accounts receivable turnover ratio measure, and how is it calculated?

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

Q: 1. What is the original average accounts receivable balance based on the given? 2. What is the…

A: Since you have posted a question with multiple sub-parts, we will solve first three subparts for…

Q: Explain the subsequent measurement of long-term notes receivable.

A: Long-term notes receivable are those notes which are due for more than one year after the date of…

Q: Write a note on cash discounts.

A:

Q: Give an explanation  - and use an example - of why we may need to convert an Account Receivable to a…

A: Accounts receivable: Accounts receivable is the amount owed by the customers to the company for the…

Q: Describe how to estimate the allowance for uncollectible accounts

A: The allowance for uncollectible accounts is computed in accordance with industry standards or past…

Q: Compute for each year the accounts receivable turnover. (Raunda

A: Ratio:   It is a number expressed in terms of another to establish relationship among them. They…

Q: The type of cash discount where the disc period is counted from the date of invoie a. End of the…

A: Ans. Credit period is the number of days a customer is allowed to wait before paying an invoice. It…

Q: initial measurement of short-term notes receivable

A: Short-term notes receivable are notes issued by the debtor, the amount in respect of which is…

Q: calculate these (d)   Current ratio      :1 (e)   Accounts receivable turnover      times (f)…

A: Financial ratio analysis: It can be defined as an analysis tool that is based upon the relative…

Q: its sales, what will be the level of accounts receivable following the change?

A: We know that DSO = accounts receivable/sales * 365 Hence 50 = 1,000,000/sales*365 or sales =…

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

A: Accounts receivables is the amount that is due to the company by their debtors by credit sales or…

Q: Compute the amount of revenue from Monthly clients.

A: Income statement is a form of financial statement which shows all incomes and all expenses of the…

Q: True or False. The number of days' sales in receivables is one means of expressing the relationship…

A: Number of Days in Sales Receivable = 365/Accounts Receivable Turnover Ratio Where Accounts…

Q: The time period during which the invoice is paid is called: A. Rate of discount B. Discount period…

A: Invoice refers to a document representing the information about the amount owed by customers through…

Q: Write the difference between accounts receivable and notes receivable.

A: Accounts Receivables:-It is the payment which the company receives from its debtors for the purchase…

Q: How to determine the unadjusted balances of accounts receivable by using the percent of sales method…

A: There are two methods to determine the uncollectibles out of the credit sales. 1. Percentage of…

Q: compute number of days sales in receivables round your calculation and answer assume 365 days ina…

A: Accounts receivables are the combination of the debtors and the bills receivable. The Accounts…

Q: Calculate the revenue, cost of goods sold and gross profit to be recognized in each year. Čalculate…

A: Degree of completion (%) = [(costs incurred + estimated cost)/ total estimates cost] * 100…

Q: Explain how a credit card billing cycle works. What is a grace period, and when is the best time to…

A: A credit card gives a customer a line for a short time period, based on given term and condition of…

Q: How to compute the account receivable Turnover without the net credit sales nor the average account…

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

Q: What are the three classifications of receivables? Which does your company have? Look in the notes…

A: Accounts Receivables: Accounting for accounts receivable (AR) is the amount of money owed to a…

Q: Explain when EXACTLY you would prefer the previous balance method to the average daily balance…

A: The previous balance approach of estimating finance costs uses the balance at the start of the…

Q: Describe the advantages and disadvantages of factoring receivables for your business.

A: Factoring receivable define as the arrangement through which an entity can sell or factor their…

Q: The type of cash discount where the discount period is counted from the date of invoice is

A: In the given question we need to fill in the blank with the correct option

Q: Luna Company reported the following figur Net Credit Sales Account receivables at end of year

A: The average collection period appears to be the amount of time it takes a corporation to collect…

Q: What is the gross margin ratio of Company B? How much purchases did Company A have for 2021? What is…

A: For company to generate profit operating margin it need to consider all the factors which are…

Q: How to compute net credit sales on a balance sheet

A: solution : How to compute net credit sales on a balance sheet? Net credit sales is the amount of…

Q: accounts receivable turn over how do I figure out the averages?

A: Meaning of accounts receivable turnoverAccounts receivable ratio is calculated in times per…

Q: How do you get the total for accounts recievable turnover

A: Accounts Receivables Turnover Ratio represents the rate at which cash is accounts receivable is…

Q: ollowing calculations of receivable turnover is correct? A. Number of days in the year divided by…

A: Solution: Receivable turnover represent the effectiveness of company's ability to collects its…

Q: What is the average amount of receivables?

A: P81,875 is the average amount of receivables.

Q: a. Calculate and interprete the following ratios Receivables days Payables days Inventory days

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

Q: WRITE YOUR DISCUSSION AND RECOMMENDATION ABOUT AVERAGE COLLECTION PERIOD TO ACCOUNTS PAYABLE…

A: Accounts payable refers to the amount that is owed by the company to suppliers. Accounts payable is…