User Account

All Pages

Compute Swift Media Sign Company days sales

Assignment Help Accounting Basics
Reference no: EM133106882

Question - Swift Media Sign Company sells on account. Recently, Swift reported these figures:

 

2014

2013

Net sales

$600,060

$570,000

Receivables at year end

42,800

38,200

Required -

1. Compute Swift Media Sign Company's days' sales in average receivables for 2014.

2. Suppose Swift's normal credit terms for a sale on account are "2/10, net 30." How well does Swift's collection period compare to the company's credit terms? Is this good or bad for Swift? Explain.

Reference no: EM133106882

Questions Cloud

Contemporary approaches of management : Reflective paper comparing traditional and contemporary approaches of management - produce an account of your learning in the first six weeks of the semester
What is the profit-loss made by music division : HD Tutors delivers tutoring services online via zoom the following subjects: English, Maths, Coding and Music. What is the profit-loss made by Music division
Identify a historical person at the Museum of London : Identify major developments in the history of managerial thought including classical and contemporary approaches - traditional and contemporary approaches
What was the amount of credit sales during May : On May 1, BITCO had an Accounts Receivable normal balance of $18,000. What was the amount of credit sales during May
Compute Swift Media Sign Company days sales : Swift Media Sign Company sells on account. Recently, Swift reported these figures: Compute Swift Media Sign Company days sales
What is the adjusted book balance : A bank credit memo indicated a note collected by the bank of $2,000 and interest revenue of $54 on June 20. What is the adjusted book balance
Explain the REA Model and provide examples : Explain the REA Model and provide examples how accountants use the model? Be specific in providing your explanation with examples
MN4057QA Digital Business Management and Emerging Technology : MN4057QA Digital Business Management and Emerging Technology Assignment Help and Solution - Identify the E-business model that the website pursues
Calculate the sales price variance : Sales records indicate that 682,000 product units were actually sold, but revenues were only $463,760. Calculate the sales price variance

Reviews

Write a Review

Accounting Basics Questions & Answers

  Determine the price of a commodity

Explain how supply and demand determine the price of a commodity. Why the US dollar is the most sought-after currency? Explain the concept of imitability.?

  An 8 semiannual coupon bond matures in 4 years the bond has

an 8 semiannual coupon bond matures in 4 years. the bond has a face value of 1000 and a current yield of 8.2563. what

  Prepare financial statements for december

Preparation of Financial Statements for Dec 31, 2008 with the following info below? what should be added to incomestatement, owners equity statement, balance sheet & cash flow?

  Prepare another statement of cash flows

Prepare another statement of cash flows for 2014 using the indirect method in the Operating Activities section.

  Amount and character of the distribution

Digger Corporation has $50,000 of current and accumulated E&P. On March 1, Digger distributes land with a $30,000 FMV and a $17,500 adjusted basis to Dave, its sole shareholder. The land is subject to a $5,000 liability which Dave assumes: a. Wha..

  Explain the potential impact on the financial statements

Explain the Potential impact on the financial statements or the audit if the COO would like to see this product line grow to a total of $ 60 million in sales

  Compute dow earnings per share for the year ended

On February 28, 2009, Dow sold 60,000 common shares. Compute Dow's earnings per share for the year ended December 31.2009

  How much total overhead would be budgeted

If the company prepared a budget for 10,000 machine hours, how much total overhead would be budgeted

  Problem related to transfer pricing

How much is the corporation as a whole better or worse off if the transaction is completed internally as opposed to each division dealing externally? Justify your answer.

  What is the amount of the ending inventory

What is the amount of the ending inventory of this item on April 30 if the company has sold 75 units and uses the LIFO inventory method

  Eveluate teh companys three year financila performace

Select an Company in Malaysia ( Excluding Financial Sector ) which is listed in Bursa Malaysia. Analyse and Eveluate teh companys three year financila performace , based on ther financila statement for year 2013, 2014, 2015. You need to anayluys ..

  Calculate the Modified Duration of Dhofar company bonds

Calculate the Modified Duration of Dhofar company bonds using the information below - face value 100 OMR and 15 percent annual coupon rate

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