Solution-Compute the average collection period of accounts

Compute the average collection period of accounts receivable

Assignment Help Accounting Basics

Reference no: EM132495680

Question - Splish Brothers Inc. had a balance in the Accounts Receivable account of $783000 at the beginning of the year and a balance of $853000 at the end of the year.

Net credit sales during the year amounted to $7210000.

Compute the average collection period of the accounts receivable in terms of days?

Reference no: EM132495680

Questions Cloud

ER4104 Advanced Topics in Industry Assignment : ER4104 Advanced Topics in Industry Assignment help and solution, University of Central Lancashire - assessment writing service

Compute numerical value of viral load of that patient : Consider one measurement for a patient from their data. If the z-score of this measurement is -2.5, compute numerical value of the viral load of that patient.

Compute Skysong Inc price-earnings ratio : Skysong, Inc. had net income of $2017000 and paid dividends to common stockholders of $327000 in 2017. Compute Skysong, Inc. price-earnings ratio

Make the operating activities section of the statement : Make the operating activities section of the statement of cash flows. (Amounts to be deducted should be indicated with a minus sign.)

Compute the average collection period of accounts receivable : Splish Brothers Inc. had a balance in the Accounts Receivable account of $783000. Compute the average collection period of the accounts receivable

What amount of cash was paid for wages during year two : $16,000 at the end of Year 1, and wages payable of $22,000 at the end of Year 2. What amount of cash was paid for wages during Year 2?

How is the cash paid to purchase land reported : How is the cash paid to purchase land reported in the statement of cash flows? Schedule of noncash investing and financing activities

Calculate the gross profit percentage for both companies : Which company has a greater proportion of its sales available to cover expenses other than cost of goods sold? Calculate the gross profit percentage

What is the present value of windfall : What is the future value of your windfall in three years? (on the date of the last? payment)? What is the present value of your? windfall

User Account

All Pages

Compute the average collection period of accounts receivable

Reference no: EM132495680

Reference no: EM132495680

Questions Cloud

Reviews

Write a Review

Accounting Basics Questions & Answers

How much control does fed have over this longer real rate

Coures:- fundamental accounting principles

Accounting problems

Theory of interest - term structure of interest rates

Write a report on internal controls

Prepare the bank reconciliation for company

Cost-benefit analysis

Theory of interest

Liquidity and profitability

What is the expected risk premium on the portfolio

Simple interest and compound interest

Capm and venture capital

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT