Determine the accounts receivable turnover

Assignment Help Accounting Basics
Reference no: EM133073204

Question - A company reports the following: Sales $473,040 Average accounts receivable (net) 98,550. Round your answers to one decimal place. Assume a 365-day year.

a. Determine the accounts receivable turnover.

b. Determine the number of days' sales in receivables.

Reference no: EM133073204

Questions Cloud

Calculate the gross profit percentage for October : Calculate the gross profit percentage for October 31, 2021 assuming the company is using the FIFO cost flow assumption
Provide support to shona regarding the software : Shona is having issues learning the company's CRM system and has a loan ready to submit. Referring to the FMB Assessment Toolkit, answer the following questions
Computerized medical office management : How might the medical office staff introduce the EHR system and point of care (POC) documentation to patients and ensure continued personal connection
Describe the rationale of using the strategy : Draw a graph to help illustrate your answer. Will this strategy be useful to manage risk?
Determine the accounts receivable turnover : A company reports the following: Sales $473,040 Average accounts receivable (net) 98,550. Determine the accounts receivable turnover
Way of converting undefined risk : Identify at least one way of converting this undefined risk to a defined risk strategy. Please explain the pros and cons of your choice
Managing team effectiveness and performance : Managing team effectiveness and performance and Develop a performance plan - difficult challenges a manager faces is to maximise performance
What is the internal rate of return : The Pan American Bottling Co. is considering the purchase of a new machine that would increase the speed of bottling and save money.
Data backups and methods : Explain different methods for backing up computer data. Include why it's important to automate the process.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd