Heritage, Inc., had a cost of goods sold of $68,314. At the end of the year, the accounts payable balance was $15,486. How long on average did it take the company to pay off its suppliers during the year?  (Use 365 days a year. Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Q: During its first year of operations, Sampson’s Cosmetics International had sales of $3,250,000,…

A: Estimated uncollectible amount = 1% of sales  = $3,250,000 x 1% = $32,500

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A: The overheads are said to be under- applied when actual cost is higher than the applied overheads.

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

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A: Under the direct write off method, the identified debtor is written off out of accounts receivable…

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A: To calculate operating and cash cycle we need to identify  1.Average collection period  2.Day sales…

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

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A: Days Sales outstanding refers to the number of days a company/firm takes to collect payment from its…

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A: The question is based on the concept of Accounting Ratios.

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A: Cost of goods sold = 43921 Accounts payable balance = 7943 Payable Turnover ratio= Net credit…

Q: Based on the following data for the current year, what is the number of days' sales in receivables?…

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

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A: For calculation of receivables days, we need to use the following equation Receivables days =Average…

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

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Q: accounts receivable balance

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

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Q: iary calculations to two decimal places and your final answer to the nearest day.)   A. 54 days.

A: The right answer is c]option C. 46 days.

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Q: The following are the year end balances in a business' ledgers: Sales 628,000 Cost of sales 458,000…

A: Introduction: Trial Balance: All the final ledger account balances are posted in Trial balance. To…

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A: Here, Ending Inventory is $500,000 Cost of Goods Sold is $1,800,000

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

A:

Q: At the start of the period, the accounts payable balance was P75,000 and the unused supplies has a…

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Q: Prepare the above general journal entries:

A:

Q: alculate Average Payables Periods For the first year, Hawkeye, Inc., has a cost goods sold of…

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

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Q: During the first year of operations, Ken's Data Ventures, a Dedham-based construction company, had…

A: