User Account

All Pages

Compute the accounts receivable turnover for research

Assignment Help Cost Accounting
Reference no: EM13537775

Comparative figures for Research In Motion and Apple follow.

 

Research In Motion

Apple

($ millions)

Current
Year

One
Year
Prior

Two
Years
Prior

Current
Year

One
Year
Prior

Two
Years
Prior

Accounts

            

receivable, net

$2,594

$2,112

$1,175

$3,361

$2,422

$1,637

Net sales

14,953

11,065

6,009

42,905

37,491

24,578

Required

1. Compute the accounts receivable turnover for Research In Motion and Apple for each of the two most recent years using the data shown.

2. Using results from part 1, compute how many days it takes each company, on average, to collect receivables. Compare the collection periods for RIM and Apple, and suggest at least one explanation for the difference.

3. Which company is more efficient in collecting its accounts receivable? Explain.

Reference no: EM13537775

Questions Cloud

Compute accounts receivable turnover for the current year : Compute the accounts receivable turnover for the current year and how long does it take on average for Nokia to collect receivables?
Explain moles of sulfate ion are produced : Given the following dissolving process: Fe2(SO4)3 (s) = 2Fe3+ (aq) + 3SO42- (aq) How many grams of iron (III) ions are produced when 0.450 moles of sulfate ion are produced
Calculate what is the strength of the magnetic field : If the field is directed perpendicular to the plane of the loop and the magnetic flux through the loop is 7.60 10-3 T · m2, what is the strength of the magnetic field
Compute the molar solubility of lead thiocyanate : Calculate the molar solubility of lead thiocyanate in pure water. The molar solubility is the maximum amount of lead thiocyanate the solution can hold. Lead thiocyanate, Pb(SCN)2, has a Kp value of 2.00*10^-5.
Compute the accounts receivable turnover for research : Compute the accounts receivable turnover for Research In Motion and Apple for each of the two most recent years using the data shown.
Describe the potential of the corrosion reaction : Air is 21 mole percent oxygen, that is, 0.21 atm oxygen at 1 atm. Suppose the pH of the water is 5.91 and that the concentration of iron(II) in the water is 3.29x 10-5 M, what is the potential of the corrosion reaction under the above conditions a..
Prepare year-end adjusting entry for uncollectibles : What amount would have been used in the year-end adjusting entry if the allowance account had a year-end unadjusted debit balance of $200?
Find her new rotational velocity : A student sitting on a frictionless rotating stool has rotational inertia 0.97 kg*m2 about a vertical axis through her center of mass when her arms are tight to her chest. what's her new rotational velocity
Define the electrochemical processes that occur in the rate : The electrochemical processes that occur in the rate limiting step of the corrosion of iron (oxidation of iron) are represented by the half-reactions

Reviews

Write a Review

Cost Accounting Questions & Answers

  Compute the gross profit rate for the month of february

Using the gross profit rate for February, determine both the estimated total inventory and inventory lost in the fire inMarch.

  Determining cash balance

Determining Cash Balance The controller for Weinstein Co. is attempting to determine the amount of cash and cash equivalents to be reported on its December 31, 2010, balance sheet. The following information is provided.

  Balance sheet for the bryan corporation

The balance sheet for the Bryan Corporation is shown below. Sales for the year were $3,680,000, with 75 percent of sales sold on credit and income statement for J. Lo Wedding Gowns, compute the following ratios:

  Which one of the following is the actual roi for the year

Safety Seats Co. recorded operating data for its shoe division for the year. The company's desired ROI is 5%- Which one of the following is the actual ROI for the year

  What will investor be willing to pay for this investment

If the appropriate discount rate for this investment is 10%, what will this investor be willing to pay for this investment?

  Find what was actual volume - standard volume

Find what was actual volume, standard volume, and budgeted variable overhead and actual overhead was 1,000,000 and overhead is captivated to direct labor hours.

  Calculate the years net earnings under accrual basis

Calculate the first year's net earnings under the cash basis of accounting, and calculate the first year's net earnings under the accrual basis of accounting.

  What are the recognized gain or loss

What are the recognized gain or loss and the basis of the replacement warehouse if Parkview's objective is to recognize as much gain as possible? Advise Parkview regarding what it needs to do by what date to achieve its objective.

  Youcpa is a regional cpa firm engaged in public audit work

youcpa is a regional cpa firm engaged in public audit work of small- and medium-size firms in the midwest. the youcpa

  Determine the price for this job

The company has just received a contract calling for another SO units of production. It wants to add a 50 percent markup to the cost of materials and labor and labor-related costs. Determine the price for this job.

  1 kristen rented out her home for 15 days through the year

1 kristen rented out her home for 15 days through the year for 3200. she used the home for personal purposes for other

  Spoiled baby corp sells kid buggies and has decided to

spoiled baby corp sells kid buggies and has decided to expand its operations. it requires borrowing 500000 for 18

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