User Account

All Pages

Calculate the average collection period

Assignment Help Managerial Accounting
Reference no: EM133010335

Question - If an enterprise had a monthly credit sale of R6,000 and outstanding accounts receivable was R8,000.

a) Calculate the average collection period.

b) If the payment terms were 30 days net, is the average collection calculated above a favourable or unfavourable one? Why?

Reference no: EM133010335

Questions Cloud

What could be a reason why this has increased : Interest Expense has increased by over 20%. What could be a reason why this has increased
What adjusting entry needed on december to accrue expense is : What the adjusting entry needed on December 31 to accrue this expense is? Lemonade127 Shop received a P23,000 utility bill for December.
Should marijuana be removed from pre-employment : Review "Should Marijuana be Removed from Pre-Employment Testing?" (resource below) What do you think? Is it an invasion of privacy? Is it an unreasonable search
What the change in equity of the company during the year : What the change in equity of the company during the year must have been? If the assets of a company increase by P55,000 during year and liabilities increase.
Calculate the average collection period : If an enterprise had a monthly credit sale of R6,000 and outstanding accounts receivable was R8,000. Calculate the average collection period
Determine what the required adjusting entry is : Office Supplies account had a P359 debit balance. A physical count of the supplies showed P105 of unused supplies available. The required adjusting entry is
State the type of fraud and propose five controls : State the type of fraud and propose five controls you would implement to address the fraud risk. Label each control as preventive or detective
Which would be the correct way to complete the recording : Greyson Industries purchased supplies for P1,000. Which would be the correct way to complete the recording of the transaction?
Calculate the present value of a perpetuity bond : Calculate the present value of a perpetuity bond that is expected to pay P50 of interest per year forever if the investor requires an annual return of 8 percent

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Determine what is the present value of an annuity payments

Determine What is the present value of an annuity of 9 annual payments of $1,000 if the first cash flow occurs in one year's time? The rate is 12% p.a.

  Find what is the labor rate variance for the month

Find What is the labor rate variance for the month?Standard labor-hours per unit of output 9.0 hours. Standard labor rate $16.60 per hour

  What was Division A segment margin

The remaining fixed costs were allocated as follows: 40% to Division A and 60% to Division B. What was Division A's segment margin?

  How would apple inc income statement budget be created

How would Apple's Inc. income statement budget be created for a year, starting with the sales budget through the SG&A budget?

  Estimate variable and fixed cost elements of the annual cost

Using the high-low method, estimate the variable and fixed cost elements of the annual cost of operating a truck if it is driven 121,000 kms.

  Find what predetermined indirect allocation rate per machine

Find what predetermined indirect allocation rate per machine hour is closest to? Aztec Builders allocates manufacturing overhead to jobs based on machine hours.

  How management might use the information to make decisions

Provide examples of managerial accounting reports that she she could expect to see iwthin EEC, and explain how management might use the information to make decisions.

  Explain the activity variances

Prepare a flexible budget performance report that shows both activity variances and revenue and spending variances for the pizzeria for October.

  How to make a revenue budget for the upcoming academic year

Find and List at least five actions that South Hampton might take to accommodate the growing student numbers. Assume there is a shortage of full-time academic.

  Calculate predetermined overhead allocation rates

Calculate predetermined overhead allocation rates based on direct labor hours, direct labor cost, and machine time.(Round direct labor cost)

  Find electronics must able to produce product at a maximum

For Electronics Inc., To achieve its normal minimum profit margin of 25%, Electronics must be able to produce the product at a maximum

  Which project would you recommend the company accept

Which project would you recommend the company accept? Compute the net present value of Project X. Compute the net present value of Project Y.

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