At the end of the current period, a company reported $725,000 in net credit sales and $100,000 in ending accounts receivable. Calculate this company's days' sales uncollected at the end of the current period.
What will be an ideal response?
Days' Sales Uncollected Ratio = Ending Accounts Receivable/Net Credit Sales * 365
Days' Sales Uncollected Ratio = $100,000/$725,000 * 365 = 50.3 days
You might also like to view...
The supply-side measurement method focuses on potential exposure to a brand by assessing the extent of media coverage, and the demand-side method focuses on exposure reported by consumers
Indicate whether the statement is true or false
Which of the following is NOT a characteristic of interpersonal dialogue?
A. unscripted and unrehearsed responses B. openness to risk C. focus on a specific outcome D. tentativeness about the feelings of the other party
Sociologists look for defining events such as major economic upheaval, wars, and ________ as triggers for generational change.
A. sociocultural revolution B. foreign policy changes C. population growth D. marketing opportunities E. political stability
In which of the following losses are you not likely to have an insurable interest?
A) An oil spill in Alaska that destroys wildlife B) The death of your spouse C) The death of your child D) Damage to your home from a hurricane