Ask Question
BusinessBusiness
26 February, 19:29

The unearned discounts represents a loss in collections from accounts receivable, which is what percent of accounts receivable? %

+4
Answers (1)
  1. 26 February, 21:12
    0
    The percentage of non-discounted sales

    Explanation:

    To find out the percent of account receivable we will have to carry out the following mathematical calculations:

    1. The amount of discount given of on the total sales:

    Discount % on a single product multiplied by the total sales.

    2. Total sales minus the answer in 1 will give us the amount receivable.

    Total sales minus total discount given.

    3. Divide the answer in 2 by total sales and then multiply by 100.

    Account receivable % = Total sales - (total discount given) * 100

    Total Sales
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “The unearned discounts represents a loss in collections from accounts receivable, which is what percent of accounts receivable? % ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Studies have found a direct link between social responsibility and blank in business. A. blank profitabilityB. blank ethicsC. blank declining stock pricesD. blank happiness of stakeholdersE. blank global warming
Answers (1)
John was driving home one night in a terrible snow storm when his car stalled. He managed to push the car onto a small shopping center's parking lot.
Answers (1)
There is a flexible exchange rate system and only two countries in the world, the United States and Mexico. If the inflation rate in the United States rises relative to the inflation rate in Mexico, it follows that a.
Answers (1)
Shaw Industries purchased a large piece of equipment from Charles Company on January 1, 2014. Shaw industries signed a note, agreeing to pay Charles Company $400,000 for the equipment on December 31, 2016.
Answers (1)
136 cars were sold during the month of april. 78 had air conditioning and 68 had automatic transmission. 56 had air conditioning only, 46 had automatic transmission only, and 12 had neither of these extras.
Answers (1)
New Questions in Business
Demand for devil's food whipped-cream layer cake at a local pastry shop can be approximated using a Poisson distribution with a mean of six per day. The manager estimates it costs $9 to prepare each cake. Fresh cakes sell for $12.
Answers (1)
Place in order the events in the evolution of the Solow growth model. Start by clicking the first item in the sequence or dragging it here The Solow growth model was developed in 1956.
Answers (1)
Read the following except from a warranty. What time period is this warranty for? "This warranty is given by XYZ motors. The Zoom car is guaranteed to be free of defects for 30,000 miles or three years, whichever is reached first.
Answers (1)
Orange Corporation is developing standards for its products. Product A requires a material that is purchased for $80.00 per pound from the supplier. By paying cash, the company gets a discount of 3% off this purchase price.
Answers (1)
The most recent financial statements for Alexander Co. are shown here: Income Statement Balance Sheet Sales $ 42,800 Current assets $ 17,500 Long-term debt $ 37,000 Costs 35,500 Fixed assets 68,300 Equity 48,800 Taxable income $ 7,300 Total $ 85,800
Answers (1)
Home » Business » The unearned discounts represents a loss in collections from accounts receivable, which is what percent of accounts receivable? %
Sign Up Forgot Password?