Calculate the average collection period for each year

Reference no: EM13278929

The Robinson Company from Problem 2 had net sales of $1,200,000 in 2010 and $1,300,000 in 2011. a. Determine the receivables turnover in each year. b. Calculate the average collection period for each year. c. Based on the receivables turnover for 2010, estimate the investment in receivables if net sales were $1,300,000 in 2011. d. How much of a change in the 2011 receivables occurred?

Reference no: EM13278929

Questions Cloud

What is the cash flow to stockholders for 2011 : What is the cash flow to stockholders for 2011? 2010 sales 5,831 COGS 3,670 interrest 291 depreciation 125 cash 250 Accounts receivables 1,092 current liabilities 717 inventory.

Brain chemicals that conduct signals from one brain cell : Brain chemicals that conduct signals from one brain cell to the next. A psychotic disorder in which a person has disorganized and disordered thinking and perceptions, bizarre ideas, hallucinations, and impaired function.

Define a very long insulating cylindrical shell of radius : A very long insulating cylindrical shell of radius 6.70cm carries charge of linear density 8.60Nc spread uniformly over its outer surface.

Design a mealy machine sequence detector state machine : Design a MEALY MACHINE sequence detector state machine that outputs a 1 whenever the sequence 01 or 10 is detected in its input stream: 1. Draw state diagram 2. Perform state assignment

Calculate the average collection period for each year : Calculate the average collection period for each year. c. Based on the receivables turnover for 2010, estimate the investment in receivables if net sales were $1,300,000 in 2011. d. How much of a change in the 2011 receivables occurred?

The molecules and ions in order of increasing so bond order : Considering resonance, arrange the following molecules and ions in order of increasing SO bond order.

Describe the advantages and disadvantages of using fieldbus : In the case of a problem in the communication process in general (not just using Fieldbus), describe how you would troubleshoot a communications problem at the physical layer. Describe also the tools that you would use to troubleshoot the communic..

What would be the value of the zero-coupon rate bond : If immediately upon issue, interest rates increased to 13 percent, what would be the value of the zero-coupon rate bond?

Find the force does the tractor exert on the trailer : A farm tractor tows a 3550-kg trailer up a 18?incline with a steady speed of 3.0 m/s. What force does the tractor exert on the trailer

User Account

All Pages