Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. based on the following data for the current year,

Based on the following data for the current year, what is the number of days'...

50.1K

Verified Solution

Question

Accounting

Based on the following data for the current year, what is the number of days' sales in receivables (rounded to one decimal place)? Assume 365 days a year.

Sales on account during year $419,853
Cost of goods sold during year 195,537
Accounts receivable, beginning of year 48,016
Accounts receivable, end of year 52,503
Inventory, beginning of year 91,781
Inventory, end of year 108,736

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: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

McGilla Golf has decided to sell a new line of golf clubs. The clubs will sell...

Finance
Q

Determine whether the members of the given set of vectors are linearly independent. If they are...

Advance Math
Q

Assume you dissolve 0.235 g of the weak acid benzoic acid, C6H5CO2H, in enough water to...

Chemistry
Q

Please round to the nearest cent for all answers. --------------------------------------------------------------------------------- Compare the monthly payment and total payment for...

Advance Math
Q

mtG Objective NCERT P 32 In a double slit experiment the distance between the slits...

Physics
Q

Based on the information given can you determine that the quadrilateral must be a parallelogram...

Geometry
Q

In a survey conducted by a reputable marketing agency 253 of 1000 adults 19 years...

Statistics
Q

b Find the volume of the solid in the first octant that is bounded by...

Calculus
Q

dentify the semantic roles of the arguments in the following examples. (Marks=10) 1. Ahmed was...

Accounting
Q

Your Company purchased equipment that cost $55,000 cash on January of Year One. The equipment...

Accounting
Q

and $230,000 each year thereafter for eight years. Assume the project has no residual value....

Accounting
Q

Consider a company which just paid a dividend D0 (paid today at time 0) of...

Finance