In 2012, Grossfeld Company has net credit sales of $1,600,000 for the year.It had a beginning accounts receivable (net) balance of $108,000 and an ending accountsreceivable (net) balance of $120,000. Compute Grossfeld Company's (a) receivablesturnover and (b) average collection period in days.

Answers

Answer 1

Answer: a. 14.04; b. 26 days

Step-by-step explanation:

Net credit sales = $1,600,000

Beginning account receivable = $108,000.

Ending account receivable = $120,000

The Amaverage accounts receivables will be:

= ($108000 + $120000)/2

= $228000/2

= $114,000

Accounts Receivable turnover will then be calculated as:

= Net sales/Average accounts receivables

= $1600000/$114000

= 14.04

b) Average collection period will be calculated as:

= Number of days in a year/Accounts receivable turnover

= 365/14.04

= 25.997

= 26 days approximately


Related Questions

Multiply each binomial pair using any method and simplify it.

1. (2x+4)(x+3)

Answers

2x • x is 2x^2. 2x•x is 6x. 4•x is 4x. 4•3 is 7
We then combine like terms which is 6x and 4x.

(2x+4)(x+3)
2x^2 +6x+4x+7
=2x^2 + 10x +7

8. Sherry is going to the top of the wheelchair ramp, as shown in the diagram below.
(12.4)
(0,0) 1 2 3 4
7 8 9 10 11 12 13 14
What is the approximate total distance Sherry travels while she is on the ramp?
Round answer to the nearest tenth.
Record your answer and fill in the bubbles on your answer document.

Answers

Answer:

12.7 units

Step-by-step explanation:

Formula to get the distance between the two points [tex](x_1,y_1)[/tex] and [tex](x_2,y_2)[/tex] is,

d = [tex]\sqrt{(y_2-y_1)^2+(x_2-x_1)^2}[/tex]

From the picture attached,

Sherry is at the origin(0, 0) and going to the top (12, 4)

Distance between these points will be,

d = [tex]\sqrt{(12-0)^2+(4-0)^2}[/tex]

d = [tex]\sqrt{160}[/tex]

d = [tex]4\sqrt{10}[/tex]

  ≈ 12.7 units

Therefore, Sherry has to travel 12.7 units on the ramp.

Tommy and Phillip went on a 36 mile canoe trip. The trip up river (going against the current) took 6 hours and the return trip took 3 hours. Find the rate at which they canoed in still water and the rate of the water.

Answers

Answer:

6 miles per hour

12 miles per hour

Step-by-step explanation:

Given that:

Distance of canoe trip = 36 miles

Trip up river (going against current) took 6 hours

Return trip time = 3 hours

Recall ; Rate = Distance traveled / time taken

Hence,

Rate of trip up river :

36 miles / 6 hours

= 6 miles per hour.

Rate of return trip:

36 miles / 3 hours

= 12 miles per hour

Answer:

6 mile canoe trip. The trip up river (going against the current) took 6 hour

Step-by-step explanation:

what is 30/100 simplified

Answers

Answer:

0.3 is the answer to your question

The fraction 30/100 simplifies to 3/10.

We have to simplify the fraction 30/100

we can reduce it by dividing both the numerator and the denominator by their greatest common divisor (GCD).

The greatest common divisor of 30 and 100 is 10.

By dividing both 30 and 100 by 10, we get:

30/100

= (30 ÷ 10) / (100 ÷ 10)

= 3/10

Therefore, the fraction 30/100 simplifies to 3/10.

To learn more on Fractions click:

https://brainly.com/question/10354322

#SPJ6

What is the slope of this line?


3/4

−3/4

4

−3

Answers

Answer:

-3/4

Step-by-step explanation:

What is the slope of the linear function represented in
the table?

Answers

Answer:

C; 1/7

Step-by-step explanation:

In order to find slope you use the following equation:

(y2-y1)/(x2-x1)

So in this case:

(1-0)/0-(-7) = 1/7

Answer: C is the correct answer

Step-by-step explanation: I hope this helps plz tell me if its wrong so i can fix it

What is the value of x in the equation 3(2x + 4) = −6 ?

Answers

Answer:

x = -3

Step-by-step explanation:

3 (2x +4) = -6

2x + 4 = -2

2x = -2 -4

2x = -6

x = -3

What are the x-intercept and the y-intercept for this graph?

Answers

It would be (8,10) so x=8 and y=10

30 POINTS!!,
Please answer all questions

Answers

Step-by-step explanation:

5 star 5 star 5 star5 star

Bob's gift shop sold a record number of cards for Mother's Day. One salesman sold 33 cards, which was 20% of the cards sold for Mother's Day. How many cards were sold for Mother's Day? ​

Answers

Answer:

165 Cards

Step-by-step explanation:

We are expected to solve for the total amount of cards sold, 20% of the total card is 33 card, so let the total cards be x, and proceed to solve for x as follows

Step one:

Given data

let the number of cards be x

   33 cards are given as 20% of x that is

   20% of x= 33

Step two:

  solve for x

20/100*x=33

0.2x=33

divide both sides by 0.2 we have

x=33/0.2

x=165 cards

So the total number of cards sold is 165 cards.

Answer:1650

Step-by-step explanation:

1% = 16.5

Multiply 16.5x100

100%=1650

What is the prime factorization of 48? A. 23 × 32 B. 23 × 3 C. 24 × 3 D. 25 ×

Answers

Answer:

None of the above

Step-by-step explanation:

3 x 2 x 2 x 2 x 2 is the correct prime factorisation of 48

20 POINTTTTTT HELP ME PLSSSSS
In your own words, explain how to use a graph to find slope (m), also known as "rise over run.

Answers

Answer:

you can find the slope of a line by looking at the number that has an X next to it.

example

y=2x+5

the slope is = 2

Step-by-step explanation:

Hope you have a wonderful day! stay safe:)

Answer: You can use rise over run to find a slope by dividing the rise by the run (hence why it’s called rise OVER run).

Emily's credit card has arrived and she has a balance of $2,350. She only has enough money to pay off $1500. She knows she will have to pay 8% interest on whatever she doesn't pay off. Which proportion should she use to determine how much interest she will have to pay?

Answers

Answer:

850 × 8/100

Step-by-step explanation:

Balance in Emily's card = $2,350

Amount paid by Emily = $1,500

Therefore, the amount not paid by her = $2,350 - $1500

= $80.

Also, the interest on the amount not paid = 8% = 8/100

Hence, the proportion representing the interest payable by her is represented by;

Proportion = Amount she does not pay off × Interest paid

= 850 × 8/100

Therefore, the required proportion is 850 × 8/100

Solve the following
equation:
x – 4 = -9 + x

Answers

Answer:

no solution

Step-by-step explanation:

x=-5+x

0=-5

false

Which choice shown describes A)
vertical angles
B)
congruent angles
C)
complementary angles
D)
supplementary angles

Answers

Answer: supplementary angles

Step-by-step explanation: add them both you get 180

Marissa started with $200 in her savings account. She wants to deposit an additional $25 a month for one year. How much money will she have in the account after a year?

Answers

Make a equation 200+25(12)= 500

Answer:

100 dollairs

Step-by-step explanation:

do the math small brain

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Answers

Answer:

The number goes up 8 each time. The graph also shows that it is proportional it goes thru the origin

Step-by-step explanation:

please help me out on math

Answers

The answer would be c

find the LCM of 36 45 63 and 80​

Answers

36 = 2*2*3*3

45 = 5*7

63 = 3*3*7

80 = 2*2*2*2*5

Then take each unique factor (2, 3, 5, and 7) and raise each the greatest power it has in any of the input numbers (2^4, 3^2, 5^1, 7^1) and multiply them, and that is your answer.

2*2*2*2*3*3*5*7 = 5040

BRAINLIEST ANSWER IF CORRECT
What value of x shows removeable discontinuity?

Answers

Answer:

[tex]option \: c. \: is \: correct.[/tex]

Step-by-step explanation:

[tex]the \: value \: of \: x \: that \: shows \\ removeable \: discontinuity \: is \: \to \: 2.[/tex]

What is 49/81 simplified

Answers

Answer: that is the simplest form.

Step-by-step explanation:

2. In how many different ways can the letters of the word VACATION be arranged?​

Answers

Answer:

20,160.

Step-by-step explanation:

hi ill reward points look at picture follow directions and be first and correct to get brainliest.​

Answers

Answer: slope is rise over runn !

Step-by-step explanation: so you get your “y” and “x” and put into a fraction!

Kenny reads 5/9 page in 3/5 minutes?
Kenny’s unit rate is _ page per minute.

Answers

Answer: Kenny's unit rate, in pages per minute, is 0.741.

Step-by-step explanation:

Kenny's  unit rate in page per minute is given by the following formula:

In which P is the number of pages and is the number of minutes.

4/9 page in 3/5 minute

So

Kenny's unit rate, in pages per minute, is 0.741.

Answer:

15/16

Step-by-step explanation:

15/16

BRAINLIEST ANSWER IF CORRECT
Which function can be used to determine the area of the ripple as a function in time

Answers

Answer
Option B
Hope it helped you

Find the slope of the line that passes through (10,8) and (1,9).

Answers

Answer: -1/9

Step-by-step explanation: (9-8)/(1-10) = -0.11111 = -1/9

Answer:

-1,9

Step-by-step explanation:

10 - 1 = 9 and 8 - 9 = -1 so when you write the equation is -1,9

Hope this helps☺️

What is the measure of angle 6?

A. 155
B. 55
C. 45
D.135
Just give me the answer fast plsss

Answers

Answer:

D.135

hope this helps

There are 25 students performing in the holiday concert. Of the students, 10 are boys. What percent represents the portion of students in the holiday concert that are boys?

Answers

Answer:

40%

Step-by-step explanation:

Answer:

10/25=0.4

0.4= 40%

Step-by-step explanation:

ax - b = c
solve for a ​

Answers

Answer:

a = c /x + b /x

Step-by-step explanation:

Isolate the variable by dividing each side by factors that don't contain the variable.

Answer:

a = [tex]\frac{c + b}{x}[/tex]

Step-by-step explanation:

ax - b = c

ax  (+b )=c ---> ax = c + b

                        (a/x) = c + b ---> a = [tex]\frac{c + b}{x}[/tex]

                         

HELP PLEASE ILL MARK BRAINLIESTT!!!

Answers

2 and 1/4 per hour, if the given numbers are 1/3 of an hour and 3/4 of the scarf. It is a little hard to read.

Answer:9/4 or 2 1/4

Step-by-step explanation:

1/3 *3

3/4*3

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