Calculate the growth rates in sales and receivables

Assignment Help Accounting Basics
Reference no: EM133043816

Question - Playworld, Inc. sells playground equipment to schools and municipalities. Invoices are mailed at the end of each month for all goods shipped during that month; credit terms are net 30 days. Sales and accounts receivable data for 2008, 2009, and 2010 were as follows:

 

2008

2009

2010

Sales

$2,560,975

$2,663,414

$2,903,121

Year-end receivables

$328,330

$342,120

$396,859

Required -

A. Calculate the growth rates in sales and receivables during 2009 and 2010.

B. Do your calculations indicate any potential problems with Playworld's receivables? If so, suggest a possible explanation for your findings.

Reference no: EM133043816

Questions Cloud

What is the irr of this investment : This bond is a ten-year, zero-coupon bond with a YTM of 4.5% (yearly) and a face value of $1000. What is the IRR of this investment
Determine the number of recorders the manager should order : The manager has determined that if 85% of customer demand for recorders can be met, Determine the number of recorders the manager should order
In what tax year will the statute of limitations expire : ary has never filed a 2018 tax return despite earning approximately $30,000 providing landscaping work in the community. In what tax year, will statute expire
MN7400 Academic Skills and Practice Assignment : MN7400 Academic Skills and Practice Assignment Help and Solution, University of Leicester - Assessment Writing Service
Calculate the growth rates in sales and receivables : Playworld, Inc. sells playground equipment to schools and municipalities. Calculate the growth rates in sales and receivables during 2009 and 2010
Researchers and publishers influence information : In what ways can researchers and publishers influence information presented to the reader?
Important skills-qualifications for the job : Develop a selection guide for your ideal job. Prepare interview questions and well thought out responses and what you help to learn about the applicant from eac
How much will the insurance company pay : You have cash value coverage on your homeowner's insurance policy with $1000 deductible. How much will the insurance company pay
What are some key considerations in a job design : What are some key considerations in a job design? Describe each consideration in your own words.

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