User Account

All Pages

Calculate the days sales uncollected at the end of each year

Assignment Help Accounting Basics
Reference no: EM133080865

Question - Barga Company's net sales for Year 1 and Year 2 are $730,000 and $1,095,000, respectively. Its year-end balances of accounts receivable follow: Year 1, $65,000; and Year 2, $123,000.

a. Complete the below table to calculate the days' sales uncollected at the end of each year.

b. Did days' sales uncollected improve or worsen in Year 2 versus Year 1?

Reference no: EM133080865

Questions Cloud

Phase of consumer buying process : Now describe five brand touchpoints using one touchpoint for each phase of consumer buying process.
What should be the target cost : What should be the target cost if the objective is to earn 22% of the sales price and it wants to sell the product at $ 130.00 per unit
Prepare a table showing depreciation and book value : Prepare a table showing depreciation and book value for each of the four years assuming straight-line depreciation
Write about Kindred The Fall : Write about Kindred The Fall by Octavia Butler
Calculate the days sales uncollected at the end of each year : Barga Company's net sales for Year 1 and Year 2 are $730,000 and $1,095,000, respectively. Calculate the days sales uncollected at the end of each year
What is the amount of gross profit : During the month, merchandise is sold for $23,500 cash and for $34,000 on account. The cost of merchandise sold is $41,500. What is the amount of gross profit
Health policy transformed health care delivery : How has the health policy transformed health care delivery? What are the positive and negative effects of the health care policy?
Prepare the journal entry to establish petty cash fund : At the end of the fiscal year, December 31, 20Y5, there was $200 on hand in the petty cash fund. Prepare the journal entry to establish petty cash fund
Patient personal health information : The situation. Healthcare providers need access to patient personal health information wherever patients are present for care.

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.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  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!

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