Sellograph Corporation: Accounts Receivable Days Outstanding
Not what you're looking for?
Sellograph Corporation reports sales of $10M for Year 2, with a gross profit margin of 40%. 20% of Sellograph's sales are on credit. (assume 360 day year)
Year 1 Year 2
Accounts receivable $ 150,000 $ 200,000
Inventory 900,000 1,000,000
Accounts payable 1,100,000 1,200,000
What is the accounts receivable days outstanding at the end of Year 2?
Purchase this Solution
Solution Summary
The solution explains how to calculate the accounts receivable days outstanding.
Solution Preview
Accounts Receivable days outstanding = Accounts receivable/(Credit ...
Purchase this Solution
Free BrainMass Quizzes
Elementary Microeconomics
This quiz reviews the basic concept of supply and demand analysis.
Economic Issues and Concepts
This quiz provides a review of the basic microeconomic concepts. Students can test their understanding of major economic issues.
Economics, Basic Concepts, Demand-Supply-Equilibrium
The quiz tests the basic concepts of demand, supply, and equilibrium in a free market.
Basics of Economics
Quiz will help you to review some basics of microeconomics and macroeconomics which are often not understood.
Pricing Strategies
Discussion about various pricing techniques of profit-seeking firms.