Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. average accounts receivable, accounts receivable t

Average Accounts Receivable, Accounts Receivable Turnover Ratio, Accounts Receivable Turnover in Days Montalcino Company had...

50.1K

Verified Solution

Question

Accounting

image
Average Accounts Receivable, Accounts Receivable Turnover Ratio, Accounts Receivable Turnover in Days Montalcino Company had net sales of $486,000. Montalcino had the following balances: January 1 $82,900 112,000 December 31 $97,100 108,000 Accounts receivable Inventories Required: Assume 365 days per year 1. Calculate the average accounts receivable. 2. Calculate the accounts receivable turnover ratio. Round to one decimal place. times 3. Calculate the accounts receivable turnover in days. Round to one decimal place days

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

In the first four months of 2017, a company realized monthly returns of 1.1percent, 1.7percent, 1.5percent,...

Finance
Q

(1) Consider the random experiment where three 6-sided dice are rolled and the number that comes...

Statistics
Q

If a person was hung upside down, how would the following be affected compared to when...

Medical Sciences
Q

The Mississippi Bippy is a hypothetical animal favored by some geneticists. In this animal amiable (A)...

Biology
Q

In Figure 6 1 the consumer surplus is equal to AJ 400 B 300 C...

Geometry
Q

Determine the standard equation of the ellipse Foci at 1 3 and 5 3 vertex...

Calculus
Q

What are the roots of the function f(x) = (log(3^x) - 2 log(3)) (2^x -1)...

Algebra
Q

Select the correct answer Consider the given functions 2 1 0 1 2 3 f...

Algebra
Q

Evaluate the polynomial st 3s t 5st 4 for s 2 and t 4 st...

Algebra
Q

For a firm that presently has a current ratio of 2.0, the effect on this...

Accounting
Q

Philadelphia Company has the following information for March

Accounting
Q

Sunland Industries had one patent recorded on its books as of January 1,2021 . This...

Accounting