Compute the days sales uncollected

Assignment Help Accounting Basics
Reference no: EM132846291

Question - The SOS Company has Cash of $200, Net Accounts Receivable of $1000, and Net Sales of $12000. Last year's Net Accounts receivable was 1400. Compute the Days Sales Uncollected (ACP)?

Reference no: EM132846291

Questions Cloud

Prepare a comparison of these two alternatives : Messer Company purchased equipment for $24,000. Prepare a comparison of these two alternatives for the first two years Messer will own the equipment
What steps promote democracy in today very diverse country : What steps do you think schools can or should take to promote our democracy in today's very diverse country? Food festivals and celebrating a cultural holiday.
Calculate Sad basic EPS : On January 1, 2020, Sad issued at par $400,000 in 10% bonds maturing on January 1, 2028. Calculate Sad's basic EPS for 2022
What concerns do have for the future of public education : Ask them describe any segregation, tracking or inequities by color, culture, SES (social economic status), or gender within the school they worked.
Compute the days sales uncollected : The SOS Company has Cash of $200, Net Accounts Receivable of $1000, and Net Sales of $12000. Compute the Days Sales Uncollected
Compute the amount of cash on hand to be presented : Check drawn by Derick payable to cashier 14,000. Compute the amount of cash on hand to be presented in the balance sheet at the end of December 31, 2020
How the knowledge of the course have been applied : How the knowledge, skills, or theories of this course have been applied, or could be applied, in a practical manner to your current work environment.
Compute the amount of total interest expense : Gulliver Inc. purchased a patent from Scarlett Inc. and agreed to pay $50,000 at the end of the fourth year. Compute the amount of total interest expense
Compare the chatbots of facebook and wechat : Some people say that chatbots are inferior for chatting. Others disagree. Discuss. Compare the chatbots of Facebook and WeChat.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Debt level that maximizes its stock price

Is the debt level that maximizes a firm's expected EPS the same as the debt level that maximizes its stock price? Explain.

  Polly and her husband leo file a joint return and expect to

polly and her husband leo file a joint return and expect to report 2012 agi of 75000. pollys employer offers a child

  How much is the net realizable value of accounts receivable

How much is the net realizable value of the Accounts Receivable? The beginning Accounts Receivable and Allowance for Doubtful Accounts balances

  July 1 began business by making a deposit in a company bank

during its first month of operation the parkview landscaping corporation which specializes in residential

  What is the net cash received over the life of the bond

The straight line method of amortization is used for both premiums & discounts. What is the net cash received over the life of the bond investment

  Under what circumstances is it appropriate to record

under what circumstances is it appropriate to record goodwill in the accounts? how should goodwill properly recorded on

  What would be reported as cost of goods sold

What would be reported as Cost of Goods Sold on the income statement for the year ending December 31, 2019 if the perpetual inventory system

  Write a report to update her about the potential liability

write a report to update her about the potential liability that auditors face as a result of the global financial crisis

  Compute Harry gross income from the life insurance

Harry elects to receive all $1 million in the current year. Compute Harry's gross income from the life insurance

  Make a vertical analysis of the income statement for axiom

Vertical analysis - Income statement information for Axiom Corporation follows: Make a vertical analysis of the income statement for Axiom Corporation

  How much is the Carrying Amount of the Lease

How much is the Carrying Amount of the Lease as of December 31, 2021? How much is the Interest Income for 2020

  Determine which can make contributions to a traditional ira

She is not covered by a retirement plan at work. Her modified AGI is $68,000. She contributed $3,000 to her traditional IRA. Which of the statements true?

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