Accounts receivable turnover for 2013

Assignment Help Cost Accounting

Reference no: EM13919028

Analyzing Accounts Receivable

Trend Industries Company reported the following amounts on its 2012 and 2013 financial statements:

1106_ssia19h.e07-34.e.jpg

1. Compute the accounts receivable turnover for 2013. Round your answer to two decimal places.

2. What is the average collection period during 2013? Round your calculations and final answer to two decimal places. (Use 365 days.)

Reference no: EM13919028

Questions Cloud

Discuss the advantages and disadvantages : Three methods for implementing a new system in an organization are direct conversion, parallel conversion, and modular conversion. Discuss the advantages and disadvantages of using each of these three systems implementation methods.

Explain whether each of the following events produces : Amber Gray tells you that the accountants where she works are real hair splitters. For example, they make a big issue over the difference between a cost and an expense. She says the two terms mean the same thing to her.

What is delivery time if package picked up at location one : If CARD provides a 20% safety margin in guaranteeing a delivery time, what is the guaranteed delivery time if the package picked up at location 1 is to be delivered to location 6?

Employees in the plant to change : He has spent the last month working with employees in the plant to change over the machines more quickly with the same reliability. He plans to produce 117,000 units of J25P and 48,500 units of J40X in the first quarter

Accounts receivable turnover for 2013 : Compute the accounts receivable turnover for 2013. Round your answer to two decimal places.What is the average collection period during 2013? Round your calculations and final answer to two decimal places. (Use 365 days.)

Problem regarding the investment decision : Analyze the following scenario: Duncombe Village Golf Course is considering the purchase of new equipment that will cost $1,200,000 if purchased today and will generate the following cash disbursements and receipts. Should Duncombe pursue the inv..

What is lp and how is an lp problem defined : Our firm makes two products: Y and Z. Suppose that each unity of Y costs $10 and sells for $40. Each unit of Z costs $5 and sells for $25. If the firm's goal were to maximize profit, what is the approproiate objective function?

Explain the story told in the film about 9/11 : Use your expertise on the construction of social problems to sociologically explain "the story" told in the film about 9/11 and the war on terror

Monitor short-run changes in economic activity : Historical evidence for the U.S. economy indicates that

User Account

All Pages