Calculate the accounts receivable turnover and average

Assignment Help Accounting Basics
Reference no: EM131781324

The Company operates as a single reportable segments encompassing the manufacturing and sale of confectionery products. Its principal manufacturing operations are located in the United States and Canada, and its principal market is in the United States. The Company also manufactures and sells confectionery products in Mexico, and exports products to Canada and countries worldwide.

The following geographic data includes net product sales summarized on the basis of the customer location and long-lived assets based on their location:

2011 2010 2009
Net product sales:
United states $487,185 $471,714 $455,517
Foreign 41,184 45,435 40,075

$528,369 $517,149 $495,592
Long-lived assets:
United states $170,173 $172,087 $176,044
Foreign 41,989 43,405 44,677

$212,162 $215,492 $220,721

Calculate the accounts receivable turnover and average collection period for 2011. (Use "Net Product Sales." Assume all sales were credit sales.)(Round answers to 1 decimal place, e.g. 15.2.)

Reference no: EM131781324

Questions Cloud

What are some effective strategies for security awareness : What are some effective strategies for security awareness in an organization to ensure users are aware and held accountable for information security?
Show the binomial interest-rate tree : Assume that each bond is an annual-pay bond. Each bond is trading at par, so its coupon rate is equal to its yield to maturity.
Describe scalability under no sql technologies : Describe scalability under No SQL technologies that vary widely.
Comprehensive corporate security awareness program : You have just launched a comprehensive corporate security awareness program. Your first step is to provide a security awareness workshop
Calculate the accounts receivable turnover and average : Calculate the accounts receivable turnover and average collection period for 2011
What was the influence of the patron of each painting : How does each painting reflect the religious context in which it was created? What is the religious context or influence apparent in each painting?
Information systems security manager : You are the Information Systems Security Manager List step by step actions you would take.
Are there any similar employment laws in your own country : Are there any similar employment laws in your own country? Are workers properly protected?
Describe at least three ways a person can teach : Describe at least three ways a person can teach by example according to the article and provide a personal example in which you have demonstrated this concept.

Reviews

Write a Review

Accounting Basics Questions & Answers

  The cost accounting system

The cost-accounting system

  Problem regarding the earnings per share

Compute East's 2016 earnings per share. $1.95 $2.25 $2.75 $3.05

  The company uses residual income with a minimum required

in august the universal solutions division of jugan corporation had average operating assets of 670000 and net

  Serber inc which uses a volume-based cost system produces

serber inc. which uses a volume-based cost system produces cat condos that sell for 140 each. direct materials cost 23

  Calculate jimmys average selling price for a meal

Jimmys Seafood Restaurant is a family-owned business on the North Carolina coast. In the last several months, the owner has seen a drop-off in business

  Performance-based compensatory share option plan

P16-7 Performance-Based Compensatory Share Option Plan Connors Company has 70 executives to whom it grants com- pensatory share options on January 1, 2007. The plan grants each executive options to acquire a maximum of 100 shares of the company's ..

  Analysis of subsequent expenditures accardo resources

The electrical system was completely updated at a cost of $22,000. The cost of the old electrical system was not known. It is estimated that the useful life of the building will not change as a result of this updating.

  What would be its new stock price per share

50 percent debt and 50 percent equity. If it makes this change, its resulting market value would be $820,000. What would be its new stock price per share?

  Calculate the materials cost for december

In December, Sara's Sodas produced 4.0 million liters of the beverage. Calculate the materials cost for December

  Calculate their medical loss ratio

Do an internet search on Medical Loss Ratio and spend a few minutes reading about it. Calculate their Medical Loss Ratio

  Ajax had average costs per unit of 10 when sales equaled

Ajax had average costs per unit of $10 when sales equaled 10,000 units and average costs per unit of $6.50 when sales equaled 24,000 units. Ajax had total costs of $50,000 when 5,000 units were sold. When sales equaled 12,000 units, total costs were ..

  Doubtful accounts of the master company

During 2010, uncollectible receivables amounting to $410,000 were written off against the allowance for doubtful accounts.

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!

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