company has net credit sales of $25,000,000, cost of goods sold of $20,000,000, a beginning balance of accounts receivable of $1,245,000 and an ending balance of accounts receivable of $1,650,000. What is the company's Days' Sales Outstanding? (round any intermediary calculations to two decimal places and your final answer to the nearest day) 26 days O 17 days 21 days O24 days

Answers

Answer 1

Days' Sales Outstanding (DSO) is the number of days it takes a company to collect payment after a sale has been made.

The following is the formula for Days' Sales Outstanding:DSO = (Accounts Receivable / Net Credit Sales) × Days in the PeriodFirst, let's calculate the Net Credit Sales.Net Credit Sales = Credit Sales − Sales ReturnsNet Credit Sales = $25,000,000 − $0Net Credit Sales = $25,000,000Next, let's calculate the Average Accounts Receivable.

Average Accounts Receivable = (Beginning Accounts Receivable + Ending Accounts Receivable) / 2Average Accounts Receivable = ($1,245,000 + $1,650,000) / 2Average Accounts Receivable = $1,447,500Now let's substitute the values in the formula and calculate the Days' Sales Outstanding (DSO).DSO = ($1,447,500 / $25,000,000) × 365DSO = 21.08 ≈ 21 daysTherefore, the company's Days' Sales Outstanding is 21 days.

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Related Questions

listings entered into by abc brokerage's associated licensees are the property of: abc brokerage as licensed by mrec. the licensee who signs the listing agreement. the supervising broker of the abc brokerage branch office where the licensee operates. the firm's principal broker.

Answers

The property of the listings entered into by ABC Brokerage's associated licensees belongs to the firm's principal broker.

The principal broker is responsible for overseeing the operations of the brokerage and has the authority and ownership of the listings. This ownership is established through the licensing agreement with MREC (Mississippi Real Estate Commission) and is further reinforced by the licensee who signs the listing agreement. Additionally, the supervising broker of the specific ABC Brokerage branch office where the licensee operates may also have some involvement and responsibility regarding the listings, but ultimate ownership lies with the firm's principal broker.

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Need help ASAP. Will mark brainliest

Need help ASAP. Will mark brainliest

Answers

Answer:

click the top on and the socond option

Explanation:

I have an interview in a few days, at CherryBerry. Any tips/advice?

Answers

Answer:

be patient

be careful when giving sample cups

Explanation:

Answer:

- Practice having an interview. Answer basic, complex and frequently asked interview questions.

- Prepare questions to ask the interviewer.

Explanation:

Interview a business owner on this crisis experienced in the workplace

Answers

There are several crises experienced by employees during recent pandemic. So, in an interview with a business owner regarding the crisis experienced, one can ask about how can businesses deliver better outcomes in times of a crisis.

What is an interview?

An interview is a meeting or a formal consultation at which information is obtained (as by a reporter, television commentator, or pollster) from a person.

It is a conversation in which you and an employer exchange information. The main features of the interview are conducted in the form of conversation, which is shaped by certain guidelines and questions between the researcher and the respondent. It is used in surveys and participant observation methods.

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You purchase a new laptop computer for $1,200. You put a 5% down payment and $55 per month on a 24 month purchase plan. What is the amount of the down payment? a. $40 c. $60 b. $50 d. $70.

Answers

You buy a new laptop for $1,200. The down payment is 5%, which means it is $60 (option c).

A down payment allows the buyer to take possession of the home or car while also lowering the monthly payment towards the mortgage principal and interest. By making a larger down payment, the buyer can get a cheaper interest rate.

A larger down payment indicates to the seller that you are motivated—you will fund the closing fees without asking for assistance from the seller and are less inclined to haggle. You are a more competitive buyer since it demonstrates to the seller that you are more dependable.

In this case, the cost of the laptop is $1,200. The down payment id 5%, thus:

down payment = 5% x 1,200 = 60

Hence, the correct option is c. $60.

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erive a formula and explain how to generate a random variable with the density

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To generate a random variable with a specific density, one common approach is to use the inverse transform method.

The general steps for generating a random variable from a given density function are as follows:

1. Determine the cumulative distribution function (CDF) of the desired density function. The CDF represents the cumulative probability of the random variable taking on a value less than or equal to a given value.

2. Find the inverse of the CDF, which gives you the formula for generating random variables from the desired density. Let's denote this inverse as F⁽⁻¹⁾(u), where u is a random number between 0 and 1 generated from a uniform distribution.

3. Generate a random number u from a uniform distribution between 0 and 1.

4. Use the inverse function F⁽⁻¹⁾(u) to transform the generated u into a random variable x following the desired density function.

The formula for generating the random variable x from the desired density function is:

x = F⁽⁻¹⁾(u)

This approach ensures that the generated random variables follow the desired density function since they are obtained by transforming uniform random variables through the inverse of the CDF.

It's important to note that this method assumes that the inverse of the CDF is available in a closed form. In cases where the inverse is not readily available or computationally feasible, alternative methods such as numerical approximation techniques or simulation-based approaches like the acceptance-rejection method or Markov chain Monte Carlo (MCMC) methods can be used.

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Under this kind of program, cities demolished poor neighborhoods in city centers that occupied potentially valuable real estate; in its place were constructed retail centers and all-white middle-income housing complexes. a.white flight b.neighborhood stabilization program c.urban renewal d.suburbs

Answers

The description explained depicts urban renewal.

Urban renewal were the policies that were out in place to enable housing authorities and local governments to demolish the neighborhoods that were considered to be blighted and poor and then replace such neighborhoods with real estate that were more valuable and were usually reserved for the white people.

Houses that were seen to be slums were destroyed and newer and fascinating neighborhood were constructed.

In conclusion, the correct option is C "urban renewal".

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Suppose the current zero-coupon yield curve for risk-free bonds is as follows:Maturity (years) 1 2 3 4 5Yield to Maturity 5.00% 5.50% 5.75% 5.95% 6.05%1. What is the price per $100 face value of a four-year, zero-coupon, risk-free bond?

Answers

The price per $100 face value of a four-year, zero-coupon, risk-free bond is $74.04.

To calculate the price per $100 face value of a four-year, zero-coupon, risk-free bond, we can use the formula:

Price = Face Value / (1 + Yield) ^ Maturity

where Face Value is $100, Yield is the yield to maturity for a four-year bond, and Maturity is 4 years.

Using the information given in the question, we can find the yield to maturity for a four-year bond by looking at the yield curve. The yield to maturity for a four-year bond is 5.95%.

Substituting the values into the formula, we get:

Price = $100 / (1 + 0.0595) ^ 4

Price = $74.04

Hence, $74.04 is the price per $100 face value of a four-year, zero-coupon, risk-free bond.

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How many thread guides are usually on a sewing machine​

Answers

Answer:

Generally, two thread guides are used.

Explanation:

Thread guides are necessary for the proper functioning of the sewing machine and for the thread to be used correctly throughout the sewing. Generally, two thread guides are used, one to show where on the machine to place the thread and the other to prevent the thread from getting tangled inside the machine.

seedbed preparation
activities
1.cleared the area

Answers

Get your supplies lay them out and start your seed preparing with paper towel water and the seeds

Manny and his family are planning to buy a new stereo. Manny finds two place to purchase the stereo. The first store wants $250 and there is 6.75% sales tax. He can buy it online for $235 with 6% sales tax and $9.95 shipping. Calculate the total cost of both offers and choose the better deal. Besides for price is there any reason why many may choose the store instead of buying it online?

#2
Tishan is ordering new headphones from Amazon.com. The headphones are $149.99, the sales tax is 6.33 percent and the shipping charge is $6.99. How much will he pay for the headphones?

Answers

Answer:

1. The online store has a better deal.

2. Tishan'n headphones will cost $166.47

Explanation:

1. cost of the Stereo

A. cost of stereo from the store

The prices is $250 plus  6.75% sales tax

total cost will be 250 +( 6.75 /100 x $250) sales tax

= $250 + $16.875

=$266.875

B. cost of the stereo from online store

=price $235 plus sales tax at 6% plus shipping cost $9.95

6% of sales = 6/100 x 235 =$14.1

Total cost = $235 + $14.1 + $9.95

=$259.05

The online store has a better deal.

One advantage of buying from a store is after sales service. Once you buy the stereo, you will be allowed to test if its working as should be. The staff at the store will demonstrate how to operate the stereo.

2. Tishan is ordering headphones

The cost price is $149.99, sales tax is 6.33 and shipping  $6.99

total cost wil be cost price + sales tax + shipping

=sales tax = $149.99 x 6.33/100

=$9.49

Total cost = $149.99 +$9.49+$6.99= 166.47

cost of the headphones will be $166.47

Drag the tiles to the boxes to form correct pairs.
Match the different. brainstorming techniques to their applications

Drag the tiles to the boxes to form correct pairs.Match the different. brainstorming techniques to their

Answers

Note that the Brainstorming Techniques matched to one another are given as follows:

Clustering - connecting ideas for a topic using different shapes and color-coding to identify how the ideas are relatedThree perspectives - describing the topic, tracing its history, and examining its connections with related topicsFreewriting - writing down first thoughts on a topic in a timed session. without pausing to check for relevance or grammar

What are brainstorming techniques?

The most essential thing to remember with any approach of brainstorming is to prioritize quantity above quality. Accepting all ideas, no matter how ridiculous or unimportant they may appear, aids brainstorming.

The aim is to establish a large enough pool of ideas from which to draw or combine ideas for the best solution or approach.

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If jeff's wage rate rises, he decides to work fewer hours. from this, we can infer that_________.

Answers

In conclusion, when Jeff's wage rate increases, he has the flexibility to work fewer hours due to the income effect and the substitution effect. However, it's important to note that individual preferences and circumstances may vary, and not everyone will respond to a wage increase in the same way.

From the given information that if Jeff's wage rate rises, he decides to work fewer hours, we can infer the following:
1. Income Effect: When Jeff's wage rate rises, his income increases for the same amount of time worked. As a result, he might choose to work fewer hours to maintain the same level of income as before. This is because he can earn the same amount of money in fewer hours due to the higher wage rate.
2. Substitution Effect: With a higher wage rate, Jeff might find it more attractive to work fewer hours because the opportunity cost of leisure time becomes relatively higher. In other words, he may value his free time more and decide to enjoy more leisure activities instead of working longer hours.
In conclusion, when Jeff's wage rate increases, he has the flexibility to work fewer hours due to the income effect and the substitution effect. However, it's important to note that individual preferences and circumstances may vary, and not everyone will respond to a wage increase in the same way.

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Which of the following is not required by lenders and investors?
master plan
b. organization plan
c. market analysis
d. financial analysis
a. master plan

Answers

Answer:

Master plan

Explanation:

The master plan of the following is not required by lenders and investors. The correct option is a.

What is the difference between an investor and lender?

An accredited investor must make an investment in the housing loans that we write. The Fund has received a loan from a lender. He has a lower risk and thus a lower return.

It is not accurate to say that a master plan is not required by lenders and investors, as this can depend on the specific project and the preferences of the lender or investor. However, out of the given options, the organization plan is the one that is not typically required by lenders and investors.

A well-developed organizational plan can be helpful in outlining the structure and management of a company or project, but it is not a core component of financial analysis or investment decision-making.

Thus, the ideal selection is option a.

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The visual enhancement of any drawing through color, value, and texture

Answers

Answer:

That would be the composition of a work.

Source:

"The arrangement of elements within a work of art."

https://www.tate.org.uk/art/art-terms/c/composition

stephen sets up an ira with an apr of 4% at age 26. at the end of each month, he deposits $36 in the account. how much will the ira contain when he reaches 65? compare that amount to the total amount of deposits made over the time period.

Answers

The total amount of deposits made over the time period is $16848.

Individual retirement accounts (IRAs) are long-term savings accounts that people with earned income can use to invest for the future and benefit from specific tax benefits. The IRA is primarily made for independent contractors who lack access to employment retirement accounts like 401(k), which are solely offered by companies.

A bank, an investing firm, an internet brokerage, or a personal broker are all options for opening an IRA.

Monthly deposit=$36

r=4%, 0.04

K=12

N=39

\(P_N & =\frac{d\left(\left(1+\frac{r}{k}\right)^{N k}-1\right)}{\left(\frac{\pi}{k}\right)} \\ P_{39} & =\frac{36\left(\left(1+\frac{0.04}{12}\right)^{39 \times 12}-1\right)}{\left(\frac{0.04}{12}\right)}\)

\(& P_{39} =\frac{134.871}{0.00333333}\)

=40501.81

Total deposits in 39 years is 39*12*36= $16848.

P39= 40501.81, therefore, it is$ 23653.81 more than total amount of deposits.

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the supply schedule of loanable funds indicates the quantity of funds that would be demanded at various possible interest rates. group of answer choices true false

Answers

The statement the supply schedule of loanable funds indicates the quantity of funds that would be demanded at various possible interest rates is false.

The amount of loanable cash that would be required at various potential interest rates is shown in the supply schedule. In an effort to lower inflation, the funds would probably boost the expansion of the money supply.

It is predicated on borrowing that loanable funds are in demand. The real interest rate and the amount of loans made depend on how the supply of savings and the demand for loans interact. The entire amount of cash required to finance investment, the government budget deficit, and foreign investment.

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Which of the following list correctly iidentifies a few of the basic events all market economies share

Answers

Private property, freedom, self-interest, competition, minimum government intervention are the characteristics of a market economy.

Individual ownership of private property, The right to make a profit from private property and the law of supply and demand identifies a few of the basic events all market economies share.

Several fundamental principles are shared by market economies. First off, having private property as an individual gives one the freedom to possess and manage assets. Responsible resource management and investment are encouraged by this ownership. Second, one of the primary forces behind economic activity is the right to profit from private property. It promotes risk taking, innovation and entrepreneurship, which helps the economy grow.

The law of supply and demand is a foundational principle. According to this, the equilibrium between supply the amount that is readily available and demand (consumer preferences) determines the prices of goods and services. Collectively, these ideas create the framework for market economies encouraging competition, creativity and effective resource allocation.

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Which of the following list correctly identifies a few of the basic events all market economies share

Individual ownership of private property; the right to make a profit from private property; the law of supply and demand

Transactions for the Sunland Company for the month of November are presented below. 1. Stockholders invested an additional $43,000 cash in the business. 2. Purchased land costing $17,200 for cash. 3. Purchased equipment costing $41,000 for $5,000 cash and the remainder on credit. 4. Purchased supplies on account for $800. 5. Paid $3,300 for a one-year insurance policy. 6. Received $3,300 cash for services performed. 7. Received $5,600 for services previously performed on account. 8. Paid wages to employees for $3,000. 9. Paid dividends to stockholders of $500. Journalize each transaction and identify each transaction by number. You may omit journal explanations.

Answers

Journal Entries for Sunland Company Transactions:

Stockholders invested an additional $43,000 cash in the business. Cash 43,000 Common Stock 43,000

Purchased land costing $17,200 for cash. Land 17,200 Cash 17,200

Purchased equipment costing $41,000 for $5,000 cash and the remainder on credit. Equipment 41,000 Cash 5,000 Accounts Payable 36,000

Purchased supplies on account for $800. Supplies 800 Accounts Payable 800

Paid $3,300 for a one-year insurance policy. Prepaid Insurance 3,300 Cash 3,300

Received $3,300 cash for services performed. Cash 3,300 Service Revenue 3,300

Received $5,600 for services previously performed on account. Accounts Receivable 5,600 Service Revenue 5,600

Paid wages to employees for $3,000. Wage Expense 3,000 Cash 3,000

Paid dividends to stockholders of $500. Dividends 500 Cash 500

The journal entries for the Sunland Company transactions are recorded accurately. Each transaction is identified by a number, and the appropriate accounts are debited and credited to reflect the financial effects of the transactions. Journalizing transactions is an important step in the accounting process as it helps maintain a systematic record of the company's financial activities.

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each listed stock option contract gives the holder the right to buy or sell shares of stock. each listed stock option contract gives the holder the right to buy or sell shares of stock. 10 100 1000 1

Answers

The correct statement is:

Each listed stock option contract gives the holder the right to buy or sell 100 shares of stock.

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A bond issue with a face amount of $500,000 bears interest at the rate of 7%. The current market rate of interest is 8%. These bonds will sell at a price that is:

Answers

As a result of the interest rate being 8% and the coupon being 7%, these bonds will sell at a price less than $500,000.

Why would the bonds sell less than $500,000?

When a bond's coupon rate is less than the market rate of interest, it is referred to as a discount bond.

This means that the bond will be sold at a price that is less than its face value amount. In this case the market rate is higher than the coupon rate so the bond will sell for less than $500,000.

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education opens the door to employment.

Answers

Answer:

yes education opens the door to employment as Education give us a new identity and talent which people are looking for the employment. Education can lead to success and employement.

Yes correct perfect

What do taxes pay for? a. Schools, government departments, roads, and emergency services
b. Privately-owned businesses
c.Operation of financial institutions
d. None of the above​

Answers

A

Because thats what the government gets in order to pay for everything we have that is for the Public

Taxes are payed for the development of schools, government departments, roads and emergency services. They are payed by the citizens of a country.

What are taxes ?

A tax is defined as payments or charge of money on the tax payers. They are the levy imposed by the government on its citizens to fund development projects and government schemes for its people.

Why are taxes paid ?

It is the main source of revenue for the government.

The money collected is spent to maintain and develop public infrastructure and fund public services through welfare programs.

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What do taxes pay for? a. Schools, government departments, roads, and emergency servicesb. Privately-owned

Carl, a partner at Bacrabs, an advertising agency, plans to open a branch of the agency in his hometown. He understands that the human resource (HR) requirements of the new branch would differ from that of its main office because of the differences in the nature and volume of work. Hence, he decides to examine what needs to be done in each position in the new branch according to the nature and volume of work. In the context of HR planning, which of the following concepts does this scenario best illustrate?
A. Internal recruitment
B. Management development
C. Employee selection
D. Job analysis

Answers

Answer:

D.

Explanation:

In Human Resource management, the term Job Analysis refers to process of analyzing and collecting the information of requirement and responsibility of a job. One of the duty of an HRM is to analyze the responsibilty that a job would require. It helps in identifying and studying the nature of a job and the right person to fill that position.

In Job analysis scenario, HRM is able to form what level of experience would a person need to have for the job, and necessary skills and knowledge that's  required. HR in Job analysis is able to differ from the nature and volume of work.

So, the correct answer would be option D in the given scenario. It is because Carl is examining and analyzing the nature of new branch that would be different from its main office.

For retirement, identifying which of the following most correlates with generating income for retirement? A. Tangible assets B. Debt C. Insurance D. Cash flow

Answers

Answer:

it should be A

Explanation:

it generating income for retirement

Click this link to view O*NET’s Skills section for Accountants. Note that common skills are listed toward the top and less common skills are listed toward the bottom. According to O*NET, what are some common skills needed by Accountants? Check all that apply. mathematics reading comprehension equipment maintenance quality control analysis active listening writing

Answers

Answer:

mathematics reading comprehensionanalysis

Explanation:

Accountants work in the finance department of an organization. Their services are required in almost all sectors of the economy. Accountants revolve around keeping, updating, and interpreting financial records of a business.

Financial transactions are recorded and reported in numbers. Therefore accountants need to be good at mathematics.  They require analytical skills to interpret and evaluate financial information. Accountants also need reading and communication skills to work well with other departments.

Answer:

mathematics  

reading comprehension

active listening

writing

Time management is the ability to use one's time wisely to accomplish tasks and maintain organization.

Answers

It is completely correct to mention that time management is the ability to use one's time wisely to accomplish tasks and maintain organization of the activities being performed. Therefore, the statements given above are true.

What is the significance of time management?

Time management can be referred to or considered as the technique of being able to perform and complete the tasks being assigned to an individual well within the time, thereby ensuring the accomplishment of organizational activities in an optimally effective manner.

Therefore, the significance regarding the time management has been aforementioned and the statement given above holds true.

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The question given above is to be interpreted as a TRUE/FALSE type question.

Which of the following statements is true?

Most countries have laws and court procedures protecting intellectual property such as those in the United States.

Civil laws tend to be relatively nonspecific.

Laws of a country regulate the manner in which business transactions are executed.

Global entrepreneurs cannot specify in the contract that any contract disputes will be heard in the courts of another country.

Answers

The statements that are true include "Laws of a country regulate the manner in which business transactions are executed."

Also, the other statements among the options that are considered true are "Most countries have laws and court procedures protecting intellectual property such as those in the United States."

Research has shown that many countries have rules and regulations guiding their business transactions, including intellectual property rights, such as Trademarks, Patents, and Copyrights.

Hence, in this case, it is concluded that the correct answer is options A and C.

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manny howard wrote a check for $720 for advertising expense, but posted the amount as $270 in the check register. journalize the adjusting entry to correct the error.

Answers

An adjusting entry corrects wrong check register entry; increases advertising expense by $450 and decreases cash by $450 for accurate financial statements.

To correct the error of posting the wrong amount in the check register, an adjusting entry needs to be made. The entry will increase the Advertising Expense account by $450 and decrease the Cash account by $450.

The adjusting entry to correct the error is:

Debit: Advertising Expense $450

Credit: Cash $450

This entry will increase the Advertising Expense account by $450, which is the difference between the correct amount of $720 and the amount recorded in the check register of $270. It will also decrease the Cash account by the same amount.

This adjusting entry is necessary to ensure that the financial statements accurately reflect the actual amount of the advertising expense. If the error is not corrected, the financial statements will show a lower expense than the actual amount incurred, which will distort the profitability of the business.

In summary, an adjusting entry needs to be made to correct the error of posting the wrong amount in the check register. The entry will increase the Advertising Expense account by $450 and decrease the Cash account by $450, thereby ensuring that the financial statements accurately reflect the actual amount of the advertising expense.

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Suppose the demand curve for tea is given by q = 40/p2, where p is the price per cup. If the price per cup is $3, then the price elasticity of demand for tea is: a. -2
b. -0.5 c. -3
d. -1
e. -6

Answers

The price elasticity of demand for tea is the measure of the responsiveness of demand for tea to changes in price. In this case, the demand curve is given by q = 40/p2, where p is the price per cup. If the price per cup is $3, then the price elasticity of demand for tea can be calculated as -2.

Here, correct option will be :- a. -2

This means that a 1% increase in the price of tea will lead to a 2% decrease in the quantity of tea demanded. This suggests that the demand for tea is relatively inelastic, meaning that it is not very sensitive to changes in price. This implies that the firm producing tea can increase its profit margins by raising the price of tea without causing a significant decrease in the quantity demanded.

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