Medwig Corporation has a DSO of 21 days. The company averages $5,250 in sales each day (all customers take credit). What is the company's average accounts receivable? Assume a 365-day year. Round your answer to the nearest dollar.

Q: A company has credit turnover of NOK 10 million this year. 31.12.x1 this year, trade receivables…

A: Average Credit time = Average Accounts receivable/Total Credit Sales*No. of days   Average accounts…

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

Q: 7. Assuming a 365-day year, how long (in average days) does the collectibles from customers stay as…

A: Ratio analysis:   It is a method used to interpret and analyze the financial data of the company…

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

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

Q: Oman company had $180,000 sales on credit last year. The accounts receivable balance was $14,000…

A: Given: Credit sales = $180,000 Accounts receivables = $14,000

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Q: Snider Industries sells on terms of 2/10, net 35. Total sales for the year are $900,000. Thirty…

A: The term 2/10 means the customer can avail 2% discount of the payment is made within 10 days.

Q: accounts receivable balance

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

Q: accounts receivable turno ratio of a company is 2, annual credit sales IS $ nat is the average…

A: Given, Accounts receivable turnover = 2 Annual credit sales = $719550

Q: Receivables Investment Medwig Corporation has a DSO of 37 days. The company averages $9,750 in…

A: Accounts Receivables are the money due towards customers but not yet paid on account of goods sold…

Q: McDowell Industries sells on terms of 3/10, net 30. Total sales for the year are $912,500; 40% of…

A: Note:  This question has five subparts. The first three have been answered below.

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A: Sales means the amount recorded in books as revenue earned by selling the goods or services. Account…

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A: The average investment in receivables can be estimated with the help of days sales outstanding…

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A: Receivable Turnover Ratio = No. of days in a year / Day's sales outstanding (DSO) Receivable…

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: Assume Laksko's has credit sales of $462,400 in March, $507,500 in April, and $550,200 in May. Also…

A: A cash budget is an estimation of expected cash receipts and disbursements on the basis of past…

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A: The factoring services are used by the business to sell out their account receivables at a discount…

Q: A firm's annual credit sales are $171 million, with 49.56% of its daily average paid out in…

A: Receivables refers to the net amount of money borrowed by the customers of the company from it,…

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A: A cash receipt schedule refers to the expected pattern in which a firm may collect cash from…

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: Medwig Corporation has a DSO of 38 days. The company averages $3,250 in sales each day (all…

A: Days sales outstanding (DSO) is the number of days the firm takes to collect cash from sales .…

Q: Greene Sisters has a DSO of 20 days. The company's average daily sales are $30,000. What is the…

A: Formula: Accounts receivable turnover ratio = 365 days / Days sales outstanding. Division of days…

Q: 4. The operating cycle of Amjad Co. is 120 days and its average collection period (ACP) is 30 days.…

A: Step 1 Cash Collection from Debtors = Total Outstanding of Debtors × Collection Period /Operating…

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A: Days Sales Outstanding means the number of days taken by the firm to collect the payment from their…

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A: Given information is: Credit terms = 1/10, net 50 Customers take discount = 75%

Q: Medwig Corporation has a DSO of 36 days. The company averages $8,000 in sales each day (all…

A: DSO means days sales outstanding. It means number of days it takes credit sales to be converted into…

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…

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A: A credit policy is an arrangement in which it is defined that how much credit will be given to the…

Q: Everything Christmas Emporium expects a seasonal profit of close to 1 billion dollars. A typical…

A: Banks charge the customer for the maintenance of the account you hold with the bank. These…

Q: What is the company's average accounts receivable?

A: DSO indicates the average days takes to collect the payment from the accounts receivable.

Q: nternational Industries sells on terms of 3/10, net 50. Gross sales last year were 5,662,500 and…

A: The calculation of gross and discounted sales has been made as follows: Gross Sales per day =Total…

Q: Medwig Corporation has a DSO of 17 days. The company averages $8,500 in sales each day (all…

A: Days sale outstanding(DSO)/Average collection period(ACP) tells a firm on an average time taken by…

Q: Medwig Corporation has a DSO of 17 days. The company averages $3,500 in sales each day (all…

A: Average accounts receivable can be calculated by following formula:- Days sales outstanding (DSO) *…

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: DAYS SALES OUTSTANDING Baker Brothers has a DSO of 40 days, and its annual sales are $7,300,000.…

A: Accounts receivables are part of the current assets of the company. The accounts receivables arise…

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: . Medwing Corporation has a DSO of 19 days. The company averages 5,500 in credit sales each day.…

A: Given: (Days sales outstanding) DSO = 19 days Credit sales = 5,500 Assuming 365 days in a year.

Q: Eddie's Bar and Restaurant Supplies expects its revenues and payments for the first part of the year…

A: Formula: Cash received amount = Total sales x collectible percentage of sales amount for the month.…