The annual sales of a company are $235,000 including sales tax at 17.5%. Half of the sales are on credit terms; half are cash sales. The receivables in the statement of financial position are $23,500. What are the receivable days (to the nearest day)?

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A: Hello. Since your question has multiple sub-parts, we will solve the first three sub-parts for you.…

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

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

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A: The days of sales outstanding is the number of days the company on average takes to collect the…

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

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A: Cost Accounting: It is the process of collecting, recording, analyzing the cost, summarizing cost,…

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

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A: Net Sales = 100,000 One quarter were credit sales Credit Sales = Net Sales / 4 = 100,000 / 4 =…

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A: Accounts receivable turnover: Accounts receivable turnover is a liquidity measure of accounts…

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A: Given that, Annual sales = P 730 million DSO = 35

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A: Average collection period is the time taken by the company to collect the funds from its…

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A: Given, Credit sales amount = $2,027,773 Days sales outstanding = 35

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A: Formula: Estimated uncollectible accounts = Credit sales x percent of estimated uncollectible…

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

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

Q: The annual sales of a company are $47,000 including sales tax at 17.5%. Half of the sales are on…

A: We have the following information: Annual sales of the company: $47,000 Half of the sales are on…

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

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A: Financial Management: Financial management comprises of two words i.e. Finance and management.…

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

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A: Ratio analysis is a tool that establishes a relationship between the different items. It is used to…

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A: Accounts Receivables Turnover Ratio measures the efficiency of the company in collecting receivables…

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A: Total accounts receivable for year 2 = Total accounts receivable for year 1+ Total accounts…

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

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A: Ratio is a tool which is used to evaluate the growth and performance of the firm by establish the…

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

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

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Q: Compute for the cash conversion cycle.

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A: Accounts Receivable Turnover: The accounts receivable turnover ratio determines the ability of a…

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