Business, 31.12.2019 00:31 ashleyrturner08

Based on the following data for the current year, what is the number of days' sales in receivable?

net sales on account during year $578,168
cost of goods sold during year 204,009
accounts receivable, beginning of year 47,923
accounts receivable, end of year 50,159
inventory, beginning of year 87,293
inventory, end of year 113,593
round your answer up to the nearest whole day.

select the correct answer.

a)31 days

b)72 days

c)63 days

d)129 days

Answers: 3

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Answer from: naomi9601

Number of days sales in receivables

= Average receivables x 365 days

Sales

= $49,041 x 365 days

$578,168

= 31 days

Explanation:

Average number of days sales in receivables is the ratio of average receivables to sales multiplied by 365 days. Average receivable is the aggregate of beginning and closing receivables divided by 2.

Answer from: Quest

Iguess you must be confident and have the qualifications do this job you go

Answer from: Quest

there's 11 people for the 1st position. then, no matter who gets it, there's only 10 left for the second, and then 9 left for the third. 11 x 10 x 9 = 990. the answer is there are 990 different ways the positions can be filled by these applicants

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

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