Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. if emperium inc. had credit sales of 2,027,773 per

If Emperium Inc. had credit sales of 2,027,773 per year and its days sales outstanding...

50.1K

Verified Solution

Question

Accounting

If Emperium Inc. had credit sales of 2,027,773 per year and its days sales outstanding was equal to 35 days, what was its average amount of accounts receivable outstanding? (Assume a 365-day year).

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Physics
1.2K views

m 4 A box with mass m 1 25 kg is attached to a spring...

Basic Math
1.2K views

27 All of the following will increase the economy s potential output EXCEPT A an...

Statistics
1.2K views

For each problem select the best response a A description of different houses on the...

Calculus
1.2K views

Find f x for the function 5x 4 x 2x 10 f x f x

Accounting
1.2K views

1. ABC, Inc. on January 1, 2018 initiated a noncontributory, defined-benefit pension plan that grants...

Accounting
1.2K views

Financial information related to Claudia Sales for the year to 30 April 2019 were...

Accounting
1.2K views

Assume that ExxonMobil uses a standard cost system for each of its refineries. For the...

Accounting
1.2K views

Tax Rates. Latesha, a single taxpayer, had the following income and deductions for the tax...

Accounting
1.2K views

Boulder Corporation uses estimated direct labor hours of 200,200 and estimated manufacturing overhead costs of...

Accounting
1.2K views

Current Designs CD9 Diane Buswell is preparing the 2020 budget for one of Current Designs'...

Accounting
1.2K views

Assume that a company has provided the following information regarding a capital investment opportunity: Initial...

Accounting
1.2K views

Smithen Company, a wholesale distributor, has been operating for only a few months. The company...