Solution-Compute for each year 1 the receivables turnover

Compute for each year 1 the receivables turnover and 2 the

Assignment Help Finance Basics

Reference no: EM13575818

The following data are taken from the financial statements of Mercado Decorations:

	2009	2008
Accounts receivable (net), end of year	$ 550,000	$ 520,000
Net sales on account	3,850,000	3,100,000

(a) Compute for each year (1) the receivables turnover and (2) the average collection period. At the end of 2007, accounts receivable (net) was $490,000.

(b) What conclusions about the management of accounts receivable can be drawn from these data?

Reference no: EM13575818

Questions Cloud

Under the lease agreement a security deposit of 13380 is : ron stein company recently signed a lease for a new office building for a lease period of 12 years. under the lease

In terms of the mean and standard deviation what does it : in terms of the mean and standard deviation- what does it mean to say that a particular value of x has a standard score

Felton company has a factory machine with a book value of : felton company has a factory machine with a book value of 90000 and a remaining useful life of 4 years. a new machine

Kate greenway corporation having recently issued a 20141000 : kate greenway corporation having recently issued a 20141000 15-year bond issue is committed to make annual sinking fund

Compute for each year 1 the receivables turnover and 2 the : the following data are taken from the financial statements of mercado decorationsnbsp20092008accounts receivable net

Prepare a condensed 2012 income statement for woods : presented below are selected ledger accounts of woods corporation at december 31 2012.nbspcash185000sales

What is the probability of tossing a coin 5 times and : what is the probability of tossing a coin 5 times and getting all

The company has decided to allocate the cost based on the : tylers consulting company has purchased a new 15000 copier. this overhead cost will be shared by the purchasing

An electrical distribution system consists of 3 subsystems : an electrical distribution system consists of 3 subsystems in parallel with the following individual subsystem

Reviews

Write a Review

Required(*) Message

Finance Basics Questions & Answers

Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

State pricing theory and no-arbitrage pricing theory

Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

Effect of financial leverage

The Effect of Financial Leverage and working capital management

Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

Time value of money

Time Value of Money project

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

User Account

All Pages

Compute for each year 1 the receivables turnover and 2 the

Reference no: EM13575818

Reference no: EM13575818

Questions Cloud

Reviews

Write a Review

Finance Basics Questions & Answers

Financial reporting and analysis

A report on financial accounting

Describe the types of financial ratios

Differences between sole proprietorship and corporation

Prepare a cash budget statement

What are the implied interest rates

State pricing theory and no-arbitrage pricing theory

Small business administration

Effect of financial leverage

Evaluate the basis for the payment to the lender

Importance of opps, ipps, mpfs and dmepos

Time value of money

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT