User Account

All Pages

Calculate the accounts receivable turnover

Assignment Help Accounting Basics
Reference no: EM133157444

Question - The following Accounts Receivable and Sales information was provided to you from Mastercraft Wood Workers Supply Company.

 

2021

2020

Accounts Receivable

$145,950

$97,735

Net Sales

$1,905,200

$1,463,820

Required - Calculate the accounts receivable turnover and the average collection period for accounts receivable in days for 2021. Show all calculations.

Reference no: EM133157444

Questions Cloud

What was the average return on crash-n-burn stock : ou've observed the following returns on Crash-n-Burn Computer's stock over the past five years: What was the average return on Crash-n-Burn stock
Prepare the journal entry for mary and chloe enterprises : Mary and Chloe's Enterprises decided to relocate its office headquarters to the city of Nassau. Prepare the journal entry for Mary and Chloe Enterprises
Normative ethics is category of ethical theories : Normative Ethics is a category of ethical theories that focuses on how we ought to live. Normative theories are commonly grouped as: virtue theories,
What was the change in net working capital during the year : Accounts receivable (start: $23,000 & end: $24,000); Inventory (start: $16,000 & end: $16,000); What was the change in net working capital during the year
Calculate the accounts receivable turnover : Calculate the accounts receivable turnover and the average collection period for accounts receivable in days for 2021. Show all calculations
Flood Risk Assessment using Flood Modeling Software : Flood Risk Assessment using Flood Modeling Software - summarising the flood risk and mitigation strategies and recommendations in a concise manner
Discuss federal budgeting cycles : Discuss federal budgeting cycles, identify the participants in the various stages of the budget cycle, Evaluate and contrast the primary taxes used at national
What is the total overhead spending variance : What is the total overhead spending variance based on the following - Budgeted fixed overhead 10,000 and Actual fixed overhead 10,300
What is the annual ocf for the project : Calculating Project OCF. Molonglo Music Company is considering the sale of a new sound board used in recording studios

Reviews

Write a Review

Accounting Basics Questions & Answers

  The outstanding common shares of feeley corporation

On January 1, 2010, the Easton Corporation acquired 30% of the outstanding common shares of Feeley Corporation for $140,000, and 25% of the outstanding common shares of Holmes Company for $82,500 and obtained significant influence in both situations.

  Compute the total contribution margin for the year

Hotel Pricing and Use of Capacity A growing corporation in a large city has offered a 200-room Holiday Inn a 1-year contract to rent 40 rooms at reduced rates.

  Performed services worth 10 000 3 000 cash is received from

analyze transaction and compute net income1. invested 15 000 cash to start the agency.2. paid 600 cash for april office

  Calculate the amount of revenue to be recognized

The fair value of the equipment on the date of sale was $50,000. The amount of revenue to be recognized on this transaction in 2014 is

  Calculate the return on investment

Calculate the return on investment (ROI) for each division using total assets as a measure of invested capital

  How much is the output vat in the last quarter

Question - Lady sells real property in the course of its business. 1st installment (12/31/2018) 112,000. How much is the output vat in the last quarter

  How much is the input taxes of july from the purchases

On August Asset 1 useful life of 2 years= 600,000Asset 2 useful life of 3 years= 900,000. A VAT Taxpayer made purchases of fixes assets as follows.

  Calculate the total depreciation charge that is be charged

Sally plc bought a ship for K 192,000 million. Calculate the total depreciation charge that is be charged to the income Statement for year 31 December 2013

  31513 sold 200000 shares of 1 par common stock to investors

arizona has authorized 600000 shares of common stock and 80000 shares of prefered stock. use journal entries for31513

  In which of the following instances is the measurement of

1. in which of these cases is the realization principle applied differently for tax purposes if the taxpayer is cash

  Question - explaining the basics of s-corporations

Question - Explaining the Basics of S-Corporations - Identify three operating issues that Cathyrn should be aware of in managing business

  Prepare the journal entry to record the equipment

Prepare the journal entry to record the equipment and the associated expenditures. Record all items on the list plus the $5,000,000 invoice price

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd