Trusted by Students Everywhere
Why Choose Us?
0% AI Guarantee
Human-written only.
24/7 Support
Anytime, anywhere.
Plagiarism Free
100% Original.
Expert Tutors
Masters & PhDs.
100% Confidential
Your privacy matters.
On-Time Delivery
Never miss a deadline.
The following is the schedule for Accounts Receivable of Tokhan, Industries: Age of Accounts Receivables Accounts Receivable Average days collected 0-30 $1,200,000 25 31-60 720,000 50 61-90 336,000 75 Over 90 days 144,000 100 The days sales outstanding is?
The following is the schedule for Accounts Receivable of Tokhan, Industries:
|
Age of Accounts Receivables |
Accounts Receivable |
Average days collected |
|
0-30 |
$1,200,000 |
25 |
|
31-60 |
720,000 |
50 |
|
61-90 |
336,000 |
75 |
|
Over 90 days |
144,000 |
100 |
The days sales outstanding is?
Expert Solution
Total accounts receiavbles=1,200,000+720,000+336,000+144,000=2400000
0-30 days weight=1,200,000/2400000=50%
31-60 days weight=720,000/2400000=30%
61-90 days weight=336,000/2400000=14%
over 90 days weight=144,000/2400000=6%
days sales outstanding=(50%*25)+(30%*50)+(14%*75)+(6%*100)=44 days
Archived Solution
Unlocked Solution
You have full access to this solution. To save a copy with all formatting and attachments, use the button below.
Already a member? Sign In
Important Note:
This solution is from our archive and has been purchased by others. Submitting it as-is may trigger plagiarism detection. Use it for reference only.
For ready-to-submit work, please order a fresh solution below.
For ready-to-submit work, please order a fresh solution below.
Or get 100% fresh solution
Get Custom Quote
