Granger company had 180000 in sales on account last year

Reference no: EM13598932

Granger Company had $180,000 in sales on account last year. The beginning accounts receivable balance was $10,000 and the ending accounts receivable balance was $18,000. The company's average collection period (age of receivables) was closest to?

Reference no: EM13598932

Questions Cloud

The whitton company uses a discount rate of 16 the company : the whitton company uses a discount rate of 16. the company has an opportunity to buy a machine now for 18000 that will

Suppose that the town elects the first option and issues 10 : accounting practices for interest expenditures may neither reflect actual economic cost nor mirror those for interest

Frantic company had 130000 in sales on account last year : frantic company had 130000 in sales on account last year. the beginning accounts receivable balance was 10000 and the

Eral company has 17000 in cash 3000 in marketable : eral company has 17000 in cash 3000 in marketable securities 36000 in current receivables 24000 in inventories and

Granger company had 180000 in sales on account last year : granger company had 180000 in sales on account last year. the beginning accounts receivable balance was 10000 and the

Determine the rate earned on total asset the rate earned on : the following selected data were taken from the financial statements of the sigemund group inc. for december 31 2010

Kile company borrows 63359 on july 1 from the bank by : kile company borrows 63359 on july 1 from the bank by signing a 63359 8 1-year note payable. prepare the journal

On march 1 2011 navy corporation used excess cash to : on march 1 2011 navy corporation used excess cash to purchase u.s. treasury bonds for 103000 plus accrued interest. the

Many businesses borrow money during periods of increased : many businesses borrow money during periods of increased business activity to finance inventory and accounts

Reviews

Write a Review

Required(*) Message

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.

Theory of interest - term structure of interest rates

Term Structure of Interest Rates

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

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

User Account

All Pages