Calculate the amount of accounts receivable at january

Assignment Help Accounting Basics
Reference no: EM131921457

Question - ABC Company reported net sales revenue of $2,880,000 during 2005 and an average collection period of 45.625 days.

ABC Company reported accounts receivable of $400,000 on the December 31, 2005 balance sheet.

Calculate the amount of accounts receivable at January 1, 2005.

Reference no: EM131921457

Questions Cloud

What is the price of share of HNH stock : What is the price of a share of HNH stock? now? What is the price of a share of HNH stock?
Why did you include or exclude data from the research : The assignment is designed to assist with documenting your research. Since, you are entering the data collection and analysis phase of the research
Determine the taxable year of the llc : Barney, an individual, and Aldrin, Inc., a domestic C corporation, have decided to form BA, LLC. Determine the taxable year of the LLC
The death penalty and persuade that the death penalty topic : Identify and describe in detail a topic or issue that is important in regards to the Death penalty and persuade that the death penalty topic is important.
Calculate the amount of accounts receivable at january : ABC Company reported accounts receivable of $400,000 on the December 31, 2005 balance sheet. Calculate the amount of accounts receivable at January 1, 2005
What is the difference between iaas and paas : Which cloud computing model allows the client to run software without purchasing servers, data center space, or network equipment?
Relationship between the characterss : Rewrite the flashback scene, so it develops the relationship between the characters seen later in the story.
How much cash did XYZ Company pay : XYZ returned merchandise in the amount of $600 and paid the balance due within the discount period. How much cash did XYZ Company pay
Briefly describe the population and health issue : In what way did cultural beliefs and behaviors contribute to the health issue in these case studies?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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