Candle Shop, Inc. has net sales on account of $1,700,000. The average net accounts receivable are $630,000. Calculate the days' sales in receivables.(Use 365 days for any calculations. Round any intermediate calculations and your final answer to two decimal places.)
A) 328.50 days
B) 365.00 days
C) 135.19 days
D) 2.70 days
C) 135.19 days
Accounts receivable turnover ratio = Net credit sales / Average net accounts receivable =
$1,700,000 / $630,000 = 2.70
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Which of the following statements about the regulation of off-work acts in the United States is true?
A. Many states ban discrimination on the basis of weight. B. Laws that protect employees against discrimination based on marital status exist in just under half of the states. C. Lifestyle discrimination tends to be lawful if the imposition of the rule treats one protected group differently than another. D. Only a small minority of states protect employees against discrimination on the basis of political involvement.
The owner of a retail store randomly selected the following weekly data on profits and advertising cost. Week Advertising Cost ($) Profit ($) 1 0 200 2 50 270 3 250 420 4 150 300 5 125 325 ? a.Write down the appropriate linear relationship between advertising cost and profits. Which variable is the dependent variable? Which variable is the independent variable?b.Develop the least squares estimated regression equation.c.Predict the profits for a week when $200 is spent on advertising.d.Using a t test at the 5% level of significance, test to determine if the relationship between advertising costs and profits is statistically significant.e.Calculate the coefficient of determination.
What will be an ideal response?
Financial markets and institutions
A) involve the movement of huge quantities of money. B) affect the profits of businesses. C) affect the types of goods and services produced in an economy. D) do all of the above. E) do only A and B of the above.
Sarah works for a company that has offered a promotion if she is willing to relocate. Sarah accepts the position and puts her house on the market right away. She sells her house the first day that the realtor holds an open house. The buyer agrees to pay cash for the full purchase price of the house. Sarah is thrilled, except that it means that she will have to put her furniture in storage until she finds another house in her new city. She enters into a written contract with Safe Storage, Inc. The agreement includes a clause excusing Safe Storage, Inc. from any liability for loss or damage, even if the loss or damage results from Safe Storage's negligent acts. Because of Self Storage's negligence, a fire destroys the warehouse and all of its contents, including Sarah's household goods and
furniture. Sarah claims that Safe Storage, Inc. is liable for the full value of the contents, which is approximately $10,000. Is Sarah correct? A. Yes, because storage warehouses are strictly liable for loss or damage, regardless of fault and regardless of exculpatory clauses. B. No, because there was equal bargaining power between Sarah and Safe Storage, Inc. C. Yes, because exculpatory clauses are illegal and never enforceable. D. Probably, because often a court will reject an exculpatory clause against a bailor who is a consumer.