Calculate the days sales outstanding

Assignment Help Accounting Basics
Reference no: EM133157971

Question - Wechsler Company has a net accounts receivable opening balance of $245,000 and ending balance of $168,000. The total sales amount for the year is $876,000, of which 60% is on credit. Calculate the days' sales outstanding and the accounts receivable turnover.

Reference no: EM133157971

Questions Cloud

What is mnink wacc : Assume the before-tax component costs of equity, preferred stock, and debt are 11.60 percent, What is MNINK WACC
The most dangerous woman in america : Watch The Most Dangerous Woman in America write reaction paper that also touches upon the following questions:
Describe the job description and job specification : Describe the job description and job specification required for any TWO (2) positions in the organisation.
What is an industry standard : What is an Industry Standard and how does it affect Health and Safety in the workplace?
Calculate the days sales outstanding : The total sales amount for the year is $876,000, of which 60% is on credit. Calculate the days' sales outstanding and the accounts receivable turnover
List down all forms of pay that every employee receives : List down all forms of pay that every employee receives from his/her employer that could either be financial or non-financial. Those who have work experiences a
Eight critical elements of organizational life : Read the Harvard Business case (The Leader's Guide to Corporate Culture: How to Manage the Eight Critical Elements of Organizational Life).
Estimate the expected return on equity for the bank : Assuming that the market has priced this stock correctly, estimate the expected return on equity for the bank
Formalized and organized method of on-job training : Assume you have been assigned to develop and implement a formalized and organized method of on-job training in your organization.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd