Accountancy, asked by nandhavishavdee7001, 1 year ago

Target company has sales of br.600,000,90 percent for credit .if its year-ending receivables turnover is 5 , the average collection period and the year-ending receivables are, respectively (assume a 360-day year)

Answers

Answered by skm2607

Average collection period=360/5= 72
Sales= 600000
Credit sales= (600000*90)/100=540000
AVG. Daily sales= 540000/360=1500
AVG receivables= 1500*72=108000

Previous Question

Next Question

Similar questions

English, 8 months ago

you are rehen /radhika the increasing no. of atrocities on women in the society has left your disturbed and worries write a letter to the editor of the hindu expressing your opinion on the issue...

Math, 8 months ago

what is integration of x+2...

Science, 8 months ago

Density involves the amount of a material in a certain volume. When a material changes phases, it changes in density in a predictable way as the amount of material stays the same but the molecules get farther apart or closer together. Water has solid and liquid states that do not follow these predictions of density in the phases of matter. What does that mean about the densities of the phases of...

Math, 1 year ago

Suppose you are given an array a[1 .. n] of integers, each of which may be positive, negative, or zero. a contiguous subarray a[i .. j] is called a positive interval if the sum of its entries is greater than zero. to compute the minimum number of positive intervals that cover every positive entry in a.

Physics, 1 year ago

The addendum on each wheel of two mating gears is to be such that the line of contact on each side of the pitch point is half the maximum possible length. the number of teeth on the two gears is 24 and 48. the teeth are of 20o pressure angle involute with a module of 12 mm. determine the addendum for the pinion and the gear. also, find the arc of contact and the contact ratio...

Math, 1 year ago

Find the angle which is 9 times it's complement.

English, 1 year ago

6. The sky is so ______ today. A) blue B) blues C) blow D) blew E) blown...

Math, 1 year ago

pls solve this urgent...