hat is the average number of days that the receivables of Viper Construction remain outstanding before they are collected? *

Q: Hanse, Inc., has a cash cycle of 37.5 days, an operating cycle of 51 days, and an inventory period…

A: We need to use the following equations for calculation of accounts payable and accounts receivable…

Q: Alta Construction days sales outstanding is 50 days (365 days in a year). The company’s accounts…

A: Financial ratios give us an idea about the financial performance of the company. Inventory turn over…

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: Wilcox Mills is a manufacturer that makes all sales on 30-day credit terms. Annual sales are…

A: Allowance method: Under allowance, the method company makes provision of uncollectible accounts at…

Q: What is the acid-test ratio?

A: Acid test ratio is a financial ratio that helps an entity to assess if it is able to meet its…

Q: ABCD Corporation has credit sales of $10,640,000 and receivables of $1,520,000. a. What is the…

A: Receivables turnover = Credit sales / Accounts receivable Average collection period = 365/…

Q: Medwig Corporation has a DSO of 20 days. The company averages $3,500 in sales each day (all…

A: Accounts receivables are the money due towards the customers but not yet paid. The accounts…

Q: How much cash is the company expected to receive on maturi

A: The company sold merchandise for ₱45,094  ₱10,000 down payment is already received so the remaining…

Q: If a firm has sales of $25,689,00 a year, and the average collection period for the industry is 45…

A: We often convert the receivables turnover ratio into days and call it the average collection…

Q: Tulips Companý has a DSO of 40 days, and its annual sales are P7,300,000. What is its accounts…

A: ANSWER 1)DSO=40 ANNUAL SALES=7300000 NUMBER OF DAYS IN A YEAR=365 DSO = (ACCOUNT RECEIVABLE/ANNUAL…

Q: The following financial information relates to XYZ Company: Inventory turnover: 5 times Accounts…

A: Operating cycle measures the time taken by a company to convert its inventory into cash. Operating…

Q: Abaca Company's accounts receivable is P240,000 at the beginning of the year and 280,000 at the end…

A: 1. 6× means 6 times. Accounts Receivables turnover ratio is 6               times.  2. Total Sales…

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: JPJ Corp has sales of $1.11 million, accounts receivable of $52,000, total assets of $5.12 million…

A: Here, Sales is $1,110,000 Accounts Receivable is $52,000 Total Assets is $5,120,000 Fixed Assets is…

Q: Zarruk Construction's DSO is 50 days (on a 365-day basis), accounts receivable are $100 million, and…

A: Given information: Company’s DSO is 50 days, Number of days in a year is 365 days, Accounts…

Q: The Dire Corporation has an inventory conversion period of 75 days, a receivables collection period…

A: Formula: cash conversion cycle = inventory conversion period + receivables collection period -…

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: The "age" of an account receivable is the length of time that it has been outstanding. At the end of…

A: Accounts receivables is the current asset that represents the money which is to be received by…

Q: A company has annual sales of $730 million. If its DSO is 35, what isits average accounts…

A: Calculation of average receivables: Answer: Average account receivables are $70 million.

Q: Tulips Company has a DSO of 40 days, and its annual sales are P7,300,000. What is its accounts…

A: Accounts receivables are the average amount of money to be charged on credit by the consumers who…

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: accounts receivable balance

A: SOLUTION:- Receivables Period      = 46             Credit sales = $5,840,000…

Q: Winsor Clothing Store had a balance in the Accounts Receivable account of $760,000 at the beginning…

A: Financial statements are statements which states the business activities performed by the company .…

Q: What will be the net change in the cash conversion cycle, assuming a 365-day year?

A: Cash conversion cycle (CCC) refers to the time period (in days) taken by a company to convert its…

Q: If Cactus, Inc. has annual sales of $83,000, average accounts payable of $30,000, and average…

A: Sales = $83000 Account payable = $30000 Accounts receivable = $25000

Q: Pine Hardware Store had net credit sales of $6,500,000 and cost of goods sold of $5,000,000 for the…

A: Solution..   Net credit sales = $6,500,000  Beginning accounts receivable = $600,000  Ending…

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: Harvey Clothing Store had a balance in the Accounts Receivable account of $390,000 at the beginning…

A: We have the following information: Opening balance of Account Receivables: $390,000 Closing balance…

Q: Ammer Products has an average accounts payable balance of $850,000 and its annual cost of goods sold…

A: Deferrals: Deferrals are the revenues that are received but not earned, and expenses that are paid…

Q: Viper Construction’s days sales outstanding is 50 days (on a 365-day basis). The company’s accounts…

A: Sales:- A sales is defined as the transaction between the customer and seller, in which commodity is…

Q: As of January 1 of the current year, Grayson Company had accounts receivable of $40,000. The sales…

A: Credit sales for January = total sales x 80% = $120,000 x 80% = $96,000

Q: Mark's Manufacturing's average age of accounts receivable is 45 days, the average age of accounts…

A: The answer states the computation of cash conversion cycle

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: Viper Construction’s days sales outstanding is 50 days (on a 365-day basis). The company’s accounts…

A: Inventory Turnover ratio is the ratio through which companies calculate its rate at which they…

Q: ABCD Corporation has credit sales of $12,690,000 and receivables of $1,970,000. Assume there are 365…

A: Question is based on the concept of Financial ratios

Q: Gandi brothers has DSO of 22 days and its annual sales on account are $7,665,000. Assume number of…

A: Days sales outstanding = 22 days  Annual sales = $7,665,000 Number of days in a year = 365 days…

Q: The “age” of an account receivable is the length of time that it has been outstanding. At the end of…

A: Accounts receivable aging is the process of distinguishing open accounts receivable based on the…

Q: Zocco Corporation has an inventory conversion period of 75 days, an average collection period of 38…

A: Cash conversion cycle is defined as the metric, which used to be expressed in time that are measured…

Q: JPJ Corp has sales of $1.27 million, accounts receivable of $52,000, total assets of $4.96 million…

A: (1) Account Receivable Days = (Average Receivable x 365) / Credit Sale Here we are assuming that all…

Q: A company has annual sales of $5,210,000 and its average daily accounts receivable is $377,000. What…

A: given that, annual sales = $5210000 average daily accounts receivables = $377000 365 days per year…

Q: Jude Corp. has annual sales of P50,735,000, an average inventory level of P15,012,000, and average…

A: Cash conversion cycle (CCC) It is the number of days required to convert cash (invested in operation…

Q: The following information relates to a company's accounts receivable: accounts receivable balance at…

A: The account receivables balance is the total amount due from the customers.

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

A:

Q: Marbel had $4,448 million in sales and $1,218 million in ending accounts receivable for the current…

A: Note: Day's sales uncollected determines the no. of days a company take to collect its receivable on…

Q: Prepare the above general journal entries:

A:

Q: B&B Mining has a DSO of 40 days, and its annual sales are 7,300, 000. What is its accounts…

A: Daily sales outstanding (DSO) = 40 Days Annual sales = 7,300,000 Number of days in a year = 365 Days

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

A: Answer) Calculation of Ending Balance of Gross Accounts Receivable Ending Balance of accounts…

Q: Libscomb Technologies' annual sales are $6,997,444 and all sales are made on credit, it purchases…

A: Receivables turnover = Net credit sales / Average Receivables

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.