Amount of days'' sales uncollected

Assignment Help Financial Accounting

Reference no: EM13915580

3. In the December 31 financial statements, the following balances were reported: Cash $40,000, Accounts Payable $12,000, Accounts Receivable $49,000, and Net Sales $260,000. What is the amount of days' sales uncollected

Reference no: EM13915580

Questions Cloud

Supplementary record that a company creates and maintains : 1) What is the supplementary record that a company creates and maintains in a separate account for each customer called? The controlling account The schedule of accounts receivable The accounts receivable subsidiary ledger Either A or B above None of..

Compute the average time between calls and compare : Compute the average time between calls and compare this value with the expected value of the time between calls from the probability distribution. Why are the result different

What was the average effect of the process change : What was the average effect of the process change? Did the process average increase or decrease and by how much?

Question regarding the intellectual standards : Using the 8 elements of reasoning (Purpose, problem, information, concepts, assumptions, inferences, points of view, implications or consequences) choose a news article and break it down according to those elements. You will also describe how each..

Amount of days'' sales uncollected : 3. In the December 31 financial statements, the following balances were reported: Cash $40,000, Accounts Payable $12,000, Accounts Receivable $49,000, and Net Sales $260,000. What is the amount of days' sales uncollected

A sole proprietorship was started on january : A sole proprietorship was started on January 1, 2013, when it received $40,000 cash from Jimmy Ross, the owner.

Meet organizational goals : Strategy involves the actions performed to meet organizational goals (action plan)

Fiat auto acquisition of chrysler : For the first section of your post, evaluate whether the Fiat Auto acquisition of Chrysler represents a growth strategy. Conduct outside research and prepare a 1 to 1.5 single-spaced page (500-750 words) analysis of the following key strategic iss..

Deposits all cash receipts on the day : Del Gato Clinic deposits all cash receipts on the day when they are received and it makes all cash payments by check. At the close of business on June 30, 2013, its Cash account shows a $13,365 debit balance

User Account

All Pages