DAYS SALES OUTSTANDING Baker Brothers has a DSO of 40 days, and its annual sales are $7,300,000. What is its accounts receivable balance? Assume that it uses a 365-day year.

Q: Assume the Day sales outstanding (DSO) 36 days, Sales revenues $500,000, calculation based on 360…

A: Days sales outstanding is a financial metric that helps in determining the number of days that a…

Q: Oman chromite company LLC had sales last year of OMR 500,000, including cash sales of OMR 208,000.…

A:

Q: Accounts Receivable Analysis A company reports the following: Sales $6,862,000 Average accounts…

A: Solution a:  Accounts receivable turnover = Sales / Average accounts receivable (net) = 6862000 /…

Q: National Co. sells on terms 3/10, net 30. Total sales for the year are P900,000. Thirty-five percent…

A: Sales = P 900000 35% pay on 10th day and 65% pay on 45th day. Let's find the days sales outstanding.

Q: Bulldogs Inc. sells on term 3/20, net 40. Total sale for the year are P1,200,000 on which 40% is…

A: Total Sales =  P1,200,000 Cash Sales = 40%

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: Inc. sells on term 3/20, net 40. Total sale for the year are P1,200,000 on which 40% is cash sales.…

A: Accounts Receivable Accounts receivable is considered to be one of the main sources of revenue which…

Q: Accounts Receivable Analysis A company reports the following: Sales $3,150,000 Average accounts…

A: Account Receivables turnover ratio: Account Receivables turnover ratio is mainly used to evaluate…

Q: Accounts Receivable Analysis The following data are taken from the financial statements of Rise and…

A: Formulas -  Average accounts recievables = (opening accounts recievables + closing accounts…

Q: Accounts receivable management This table, . shows that Blair Supply had an end-of-year accounts…

A: In order to increase the sales revenue, the business organization sells their goods on the credit…

Q: Please show all equations and work as needed. If possible, please type the work so that it may be…

A: Average collection period is the time period by which the seller can receive the cash on credit…

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: Accounts Receivable Analysis A company reports the following: Sales $192,720 Average accounts…

A: The accounts receivable turnover ratio indicates the efficiency of a company in collecting the…

Q: Q3 Libscomb Technologies' annual sales are $5,006,817 and all sales are made on credit, it…

A: The Receivable Turnover Ratio, also known as the Debtor's Turnover Ratio, is a measure of accounting…

Q: Bulldogs Inc. sells on term 3/20, net 40. Total sale for the year are P1,200,000 on which 40% is…

A: Average amount of account Receivable = Days of sales outstanding x Sales / 360 Days of Sales…

Q: A company reports the following: Sales $303,680 Average accounts receivable (net) 23,360 Determine…

A: Accounts receivable turnover ratio shows how quickly company is able to collect amount from the…

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: 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: Bingo Inc. sells on term 3/20, net 40. Total sale for the year are P1,200,000 on which 40% is cash…

A: Total sales = P1,200,000 Cash sales = 40%

Q: Accounts Receivable Analysis A company reports the following: Sales $755,550 Average accounts…

A: 1. Accounts Receivable Turnover - This ratio indicates the company’s ability to extend credit to the…

Q: During the year Tulip reported net sales of $960,000. The company had accounts receivable of $75,000…

A: Average accounts receivable = (Beginning accounts receivable + Ending accounts receivable)/2…

Q: A company reports the following: Sales $859,940 Average accounts receivable (net) 45,260…

A: Account Receivables turnover ratio: Account Receivables turnover ratio is mainly used to evaluate…

Q: Accounts Receivable Analysis A company reports the following: Sales $408,800 Average accounts…

A: a)

Q: Recent financial statements of Marin Ship Builders, Inc. report net sales of $636,800,000. Accounts…

A: Average Net Receivables = (Receivable at Beginning + Receivable at the End) / 2 Average Net…

Q: Accounts Receivable Analysis A company reports the following: Sales $419,750 Average accounts…

A:

Q: company reports the followin Sales $890,600 Average accounts receivable (net) 44,530 Determine (a)…

A: Ratio analysis: It refers to the quantitative technique of financial analysis that allows gaining an…

Q: Accounts Receivable Analysis The following data are taken from the financial statements of Rise and…

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

Q: Lux Co. sells on terms 3/10, net 30. Total sales for the year are P900,000. Thirty-five percent of…

A: Sales per day = Total sales / 360 Sales per day = P900,000 / 360 Sales per day = P2,500 Days' sales…

Q: Suppose that Dunn Industries has annual sales of $2.3 million, cost of goods sold of $1,650,000,…

A: The question is based on the concept of calculation of operating cycle of a firm, Formula as,

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…

Q: A company reports the following: Sales $671,600 Average accounts receivable (net) 67,160 Determine…

A: Accounts receivable turnover = Sales / Average Accounts receivable where, Average Accounts…

Q: A company reports the following: Sales $1,460,000 Average accounts receivable (net) 100,000…

A: a. Accounts receivable turnover = Net sales / average accounts receivable Accounts receivable…

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

A: Inventory Turnover Ratio is an activity ratio which defines the number of times a corporation is…

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: 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: Accounts Receivable Analysis A company reports the following: Sales $4,000,000 Average accounts…

A: a. Calculate the accounts receivable turnover.

Q: NEKO Inc. sells on term 3/20, net 40. Total sale for the year are P1,200,000 on which 40% is cash…

A: Calculation of days of sales outstanding   = 30% x 20 = 6 days    Calculation of credit sales =…

Q: ABC Company's Days Sales Outstanding (DSO) has increased from 20.3 days to 33.7 days this year,…

A: Days Sales outstanding = (Accounts Receivable / Credit Sales)  *365

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

A: DSO = (average accounts receivable/total credit sales) * no. of days

Q: A company reports the following: Sales $1,092,080 Average accounts receivable 49,640 (net) Determine…

A: Accounts receivable turnover = Sales/Average accounts receivable Number of days' sales in…

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: Accounts Receivable Analysis A company reports the following: Sales $854,100 Average accounts…

A: The calculation of Accounts Receivables turnover and number of days' sales in Receivables is shown…

Q: The following data are taken from the financial statements of Rise and Shine Company. Terms of all…

A: Formula; Accounts receivables turnover=Credit SaleAverage accounts receivables

Q: A company reports the following:   Sales $1,200,000   Average accounts receivable (net) 50,000…

A: Formulas: Accounts receivables turnover = Sales/Average accounts receivables…

Q: XYZ's receivables turnover is 4x. The accounts receivable at year-end are $600,000. The average…

A: Receivable turnover ratio is calculated as follows: = Net credit sales / Average account receivable

Q: How do I find the turnover and number of days' sales in receivables?

A: a. Computation of accounts receivable turnover: Hence, the accounts receivables turnover is 27…

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.