Determine the accounts receivable turnover

Assignment Help Accounting Basics

Reference no: EM13157853

Nottingham Corporation had accounts receivable of $100,000 on January 1st The only transactions affecting accounts receivable were sales of $900,000 and cash collections of $850,000. What is the accounts receivable turnover?

A. 9.0

B. 7.2

C. 6.6

D. 6.0

Reference no: EM13157853

Questions Cloud

Which do not violate the patent : A drug company, which manufactures and distributes a patented drug, has approached you for suggestions. The drug has been very successful and profitable for treating depression for a number of years.

How many grams of cacl2 should be dissolved : how many grams of CaCl2 should be dissolved in 500.ml of water to make a 0.20m solution of CaCl2

Type of consumer buying decision : Describe the type of consumer buying decision that best describes the choice to indulge at Ethel's. Discuss the factors that influence a consumer to spend money and time at Ethel's.

Calculate the equilibrium concentrations of ammonia : Calculate the equilibrium concentrations of NH3 and H2S if a sample of solid NH4HS is placed in a closed vessel and decomposes until equilibrium is reached

Determine the accounts receivable turnover : Nottingham Corporation had accounts receivable of $100,000 on January 1st The only transactions affecting accounts receivable were sales of $900,000 and cash collections of $850,000. What is the accounts receivable turnover?

Prepare an overhead budget that reflects production : A. Prepare an overhead budget for the expected activity level for the coming year. B. Prepare an overhead budget that reflects production that is 10 percent higher than expected (for both products).

Cute''s product manager : Cute's product manager is under pressure to increase market share, but is uncertain about how to make the product more competitive. The product is reasonably well-positioned in the Thrift segment and enjoys relatively high awareness and accessibility..

Disrupt and limit the impact of salafi terrorist : Discuss the most effective means to disrupt and limit the impact of Salafi terrorist network in the post-9/11 era. Construct a substantive response using a minimum of two sources in addition to your texts.

Classified as on the balance sheet of company : Among the short-term obligations of Lance Company as of December 31, the balance sheet date, are notes payable totaling $250,000 with the Madison National Bank. These are 90-day notes, renewable for another 90-day period. What should these notes s..

User Account

All Pages