If Hot Tubs Inc. had annual credit sales of P2,027,773 and its days sales outstanding was equal to 35 days, what was its average A/R outstanding? (Use a 365-day year.)

Q: McEwan Industries sells on terms of 3/10, net 35. Total sales for the year are $1,947,000; 40% of…

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

Q: Your company has been offered credit terms on its purchases of 4/30, net 90 days. What will be the…

A: Trade credit is the arrangement by which the customer gets additional time to repay the dues and…

Q: What is the receivables turnover?

A: Turnover means the is the amount of sales by the business. It is sometimes called as income of the…

Q: If Emperium Inc. had credit sales of 2,027,773 per year and its days sales outstanding was equal to…

A: Days Sales or Receivables Outstanding means the number of days it takes a company to realize cash…

Q: At the beginning of 2021, Clay Ventures has total accounts receivable of $100,000. By the end of…

A: Receivables turnover ratio = Net credit sales / Average Accounts Receivable where, Average Accounts…

Q: Winther Company has a receivables turnover of 15 times. The average net receivables during the…

A: Winther company's Receivable turnover = 15 Average net receivables = P430000 Average net receivable…

Q: average investment in accounts receivable?

A: Average investment in accounts receivable = Accounts receivable average collection period * Annual…

Q: 10. Naronath & Co. has a.DSO of 30 days, and its annual sales are $6,500,000. What is its accounts…

A: DSO is days sales outstanding. DSO = Accounts Receivable/Sales * 365 Accounts receivable =…

Q: Given an annual credit sales value of 365 million; accounts receivable beg. 36.5 million, cost of…

A: Solution:- Average Collection Period means the average days it takes a firm to collect money from…

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: Millennial Manufacturing has net credit sales for 2018 in the amount of $1,453,630, beginning…

A: Accounts receivable turnover ratio is a type of activity ratio, which is defined as the measurement…

Q: balance in account receivable of P80,000, total assets of P520,000, credit sales of P360,000, and…

A: the formula for calculation the account receivable turn ratio is total credit cell of the company is…

Q: If Hot Corporation has a balance in account receivable of P80,000, total assets of P520,000, credit…

A: Here, Accounts Receivables is P80,000 Total Assets is P520,000 Credit Sales is P360,000 Current…

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: Cook Security Systems has a $37,500 line of credit, which charges an annual percentage rate of prime…

A: Given, Cock security system has $37500 line of credit  Annual percentage rate  = 4% october pmt -…

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: What is the receivales turnover and what is the average collection period (days sales outstanding) ?

A: Information Provided: Credit sales = $10,640,000 Receivables = $1,520,000

Q: At the end of the year, Brinkley Incorporated’s balance of Allowance for Uncollectible Accounts is…

A:

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: 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: A wants you to calculate its average days in accounts receivable for the year. Its beginning and…

A: Average account receivable = [(Beginning balance - Beginning allowance account) + (Ending balance -…

Q: McDowell Industries sells on terms of 3/10, net 30. All sales for the year are on credit amount to…

A: Note: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question…

Q: . A company with net credit sales of $960,000, beginning net receivables of $70,000, andending net…

A: Calculate accounts receivable turnover: Accounts receivable turnover = $960,000 / ($70,000 +$90,000)…

Q: Robie Co. operates 365 days in a year. Its receivable on the average remain uncollected for 73 days.…

A: Average collection period means the average time period with in which the debtor makes the payment.

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: Sixty percent of Jesse's annual sales of P900,000 is on credit. If its year-end receivables turnover…

A: Annual Sales = 900,000 Credit Sales = 60% * Annual Sales = 60% * 900,000 = 540,000 Receivable…

Q: On April 30, Holden Company had an Accounts Receivable balance of $18,00O. During the month of May.…

A: Accounts receivables are the dues that the company is entitled to receive from credit purchasers.…

Q: In 2020, HK company has net credit sales of 925,000S for the year. It had a beginning account…

A: Solution:- Calculation of Accounts receivable turnover ratio as follows:- The following formula used…

Q: Credit sales during the year were $425,000, the Allowance for Uncollectible Accounts had a beginning…

A: Uncollectibles = Credit Sale ×2%=$425,000×2%=$8,500

Q: Baxley Brothers has a DSO of 27 days, and its annual sales are $10,220,000. What is its accounts…

A: Ratio measurement is in terms of Financial world, depicts that a single accounting figure by itself…

Q: Cook Security Systems has a $37,500 line of credit, which charges an annual percentage rate of prime…

A: Annual percentage rate is the effective rate of interest at which cash flows are converted into an…

Q: Nathalie Drug Store had net credit sales of P6,000,000 and cost of goods sold of P2,000,000 for the…

A: A ratio that provides information regarding the company’s efficiency to collect their accounts…

Q: A company has net income of $196,000, a profit margin of 10.00 percent, and an accounts receivable…

A: The question is based on the concept of ratio analysis.

Q: If Vabasa, Inc. has an average collection period (ACP) of 52.5 days (assume a 360 day year) and…

A: Average Collection Period helps to know the trend of collection of dues. The formula of Average…

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: A company has net income of $182,000, a profit margin of 9.90 percent, and an accounts receivable…

A: Days sales in receivables = Accounts receivable/credit sales *365

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: Ammer Products has an average accounts payable balance of P850,000 and its annual net credit…

A: Accounts payable in the business means accounts of those suppliers from whom business has made…

Q: The following information is also provided for Pakhama Enterprises: 60% of all sales is on credit.…

A: Schedule of receipts from debtors: The schedule of receipts from debtors includes the required…

Q: McEwan Industries sells on terms of 3/10, net 30. Total salesfor the year are $1,921,000; 40% of the…

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

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 has net credit sales of $750,000 for the year and it estimates that uncollectible accounts…

A: Lets start with understanding of bad debt and allowance for doubtful accounts, Bad debt means a debt…

Q: a. If the balance in accounts receivable at the end of 1991 was $500,000 and $750 million , how long…

A: This can be arrived at by using average collection period (ACP) formula. It measures the average…

Q: 12. If Hot Tubs Inc. had annual credit sales of P2,027,773 and its days sales outstanding was equal…

A: Days sales outstanding of the business means in how much days collections are made from account…