Exercise 8-12 Liquid assets and accounts receivable LO A1 Barga Co. reported net sales for 2016...
Exercise 8-12 Liquid assets and accounts receivable LO A1
Barga Co. reported net sales for 2016 and 2017 of $669,000 and
$745,000, respectively. Its year-end balances of accounts
receivable follow: December 31, 2016, $55,000; and December 31,
2017, $88,000.
a. Complete the below table to calculate the days' sales
uncollected at the end of each year. (Round your "Days'
Sales Uncollected" answer to 1 decimal place.)
Homework Answers
| Accounts Receivable | / | net sales | x | days | = | days sales unc. | |
| 2016 | 55,000 | 669,000 | 365 | 30 days | |||
| 2017 | 88,000 | 745,000 | 365 | 43.1 days |
I have rounded some numbers.
Please comment if you face any issues
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Exercise 8-12 Liquid assets and accounts receivable LO A1
Barga Co. reported net sales for 2016...
Barga Co. reported net sales for 2016 and 2017 of $662,000 and $741,000, respectively. Barga Co....
Barga Co. reported net sales for 2016 and 2017 of $662,000 and
$741,000, respectively.
Barga Co. reported net sales for 2016 and 2017 of $662,000 and $741,000, respectively Its year-end balances of accounts receivable follow: December 31, 2016, $57000, and December 31, 2017 $91,000 ar Complete the below table to calciulate the doys' sales uncollected at the end of each yeor (Round your Days' Sales Uncollectedr answer to 1 decimal place.) Days' Sales Uncollected Choose Denominator: x Days Choose Numerator:...
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