User Account

All Pages

Calculate the average collection period

Assignment Help Accounting Basics
Reference no: EM133654137

Question: Vide Corporation disclosed the following financial information (in millions) in its Year 2 annual report: Net sales: $80,000 Ending accounts receivable: $6,000 Ending Allowance for doubtful accounts: $600 Calculate the accounts receivable turnover ratio b. Calculate the average collection period (also called Days sales outstanding, Days' sales in inventory, and Average days to collect receivables)

Reference no: EM133654137

Questions Cloud

Analyze the current consolidation process : Analyze the current consolidation process for an intra-entity transfer of depreciable assets compared to inventory and land. Suggest at least one improvement
What factors make a person or population vulnerable : What factors make a person or population vulnerable or historically marginalized? List vulnerable-historically marginalized populations you work with as a nurse
How did the bahamian firm become entitled to use the same : Its name would have been recognized by anyone with any knowledge of business or finance. How did the Bahamian firm become entitled to use the same name
What is example of a situation where appropriated funds used : Overtime statuary exceptions have been passed when the service is necessary. What is one example of a situation where appropriated funds may be used?
Calculate the average collection period : Calculate the average collection period (also called Days sales outstanding, Days' sales in inventory, and Average days to collect receivables)
How many units must stetson sell to earn an after-tax profit : Sales revenue $ 1,440,000 Variable costs 800,000 Fixed costs 480,000 How many units must Stetson sell to earn an after-tax profit of $234,000
Marketing efforts reflected the sensitivity of times : What event of 2020 galvanized people, organizations, and marketers and led many companies to ensure their marketing efforts reflected the sensitivity of times?
Discuss the moa and potential adverse reactions : Discuss the pharmacological treatment to maintain abstinence from alcohol. Discuss the MOA and potential adverse reactions.
What does cooperative interest refer to in a real estate : What does cooperative interest refer to in a real estate cooperative? The right to occupy a specific unit or space The responsibility for the maintenance

Reviews

Write a Review

Accounting Basics Questions & Answers

  What is the direct materials price variance

The standard price is $4.5 per pound. If 6,300 units used 38,900 pounds, which were purchased at $4.41 per pound, what is the direct materials price variance

  Journalize merchandising transactions for the dollar store

Journalize the merchandising transactions for the Dollar Store assuming it uses a perpetual inventory system and the gross method.

  Statement of cash flows concept

Of the following questions, which would NOT be answered by the statement of cash flows?

  What is the expected rate of return on the stock

Question - Company ABC has 10,000 shares outstanding and the stock price is $100. What is the expected rate of return on the stock

  Prepare a trading and profit and loss account

Write off a further sum of Rs 200 as bad debts from the debtors - Salaries Rs 600 and taxes Rs 400 are outstanding - you are required to prepare a Trading and Profit and Loss Account for the year ended

  Calculate the certainty equivalent NPV

Question - Wilkerson Endoscopy Inc.'s cost of capital is 11% and the risk-free rate is 5%. Calculate the certainty equivalent NPV ($000)

  Determine the total and annualized differential income

Determine the total and annualized differential income or loss anticipated from replacing the old machine. Enter all amounts as positive numbers

  Prepare the October journal entries for Sweet

The bank assesses a finance charge of 3% of the receivables assigned and interest on the note of 8%. Prepare the October journal entries for Sweet

  What is the net present value of buying the machine

The cost of the machine is $325,000. The company's weighted average cost of capital is 12%. What is the net present value of buying the machine

  Skf primary care clinic is deciding whether to purchase mri

skf primary care clinic is deciding whether to purchase mri equipment that would enable it to perform mri imaging

  Different pension plans

You are a controller in a midsized manufacturing company that has acquired 100% of another company. The acquired company includes two segments and two different pension plans. Both of these reporting issues are new to your CEO, and your CEO wants ..

  Discuss accounts are also known as customer accounts

The Accounts Receivable is located in the subsidiary accounts, Subsidiary accounts are also known as customer 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!

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