Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. the manana corporation had sales of $88.4 million

The Manana Corporation had sales of $88.4 million this year. Its accounts receivable balance averaged...

80.2K

Verified Solution

Question

Finance

image
The Manana Corporation had sales of $88.4 million this year. Its accounts receivable balance averaged $4.5 milion. How long, on average, does it take the firm to collect on its sales? (Hint: Use 365 days for a year.) The collection period is days. (Round to one decimal place

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

Civil Engineering
1.2K views

How are composites materials different from Ceramic ones? List the three typical sub groups of composites...

Programming
1.2K views

Write a c++ code that prompts the user to enter three float numbers and print them...

Psychology
1.2K views

What are the physiological and psychological effects of marijuana? psychology question

Accounting
1.2K views

Information for the Nichols Manufacturing Company for the month of May is as follows: Beginning work...

Physics
1.2K views

A nuclear reaction along with the masses of the particle taking part in it is...

Physics
1.2K views

Charge Outside of a solid sphere of radius R with uniformly distributed charge o the...

Accounting
1.2K views

Question 1 (a) Risk management is sometimes described as the process of identifying and...

Accounting
1.2K views

You are auditing the accounts receivable for ABC Company as of December 31, 2019 One...

Accounting
1.2K views

Founded a decade ago, Folk Company is engaged in the manufacturing of musical instruments. Because...

Accounting
1.2K views

When are the value of assets on a company's balance sheet shown at their true...

Accounting
1.2K views

Consider the following items for Shocker Enterprises: On November 30,2024, Shocker received a $2,850...

Accounting
1.2K views

Buffalo Wild Wings Lands Rusty Taco Rusty Toco Founder: Steve Dunn and and Russell "Rusty"...