User Account

All Pages

List three potential reasons for such a significant decline

Assignment Help Accounting Basics
Reference no: EM131772950

Question - Mark's Wine and Spirits is the wholesale supplier of wine and liquor to local package stores. Most of Mark's sales are on credit with terms of 1/10, n/45. The accounts receivable turnover ratio has declined from 11.3 in 2003 to 8.3 in 2004. Mark is concerned about the decline and is unsure of what steps he should take to improve the ratio.

1. List three potential reasons for such a significant decline.

2. What are three things Mark should consider doing to improve the ratio?

3. How is the accounts receivable turnover ratio used and what does it measure?

Reference no: EM131772950

Questions Cloud

Reducing the presence of bacteria in the urine in humans : Cranberry Juice and Bladder Infections SOURCE: "Juice does prevent infection" (9 March 1994), Davis (CA) Enterprise, p. A9. Reprinted with permission.
Discuss how do ordinary interest and exact interest differ : How do ordinary interest and exact interest differ. What two methods of remembering the number of days
How total interest would you save by making a fixed payment : how much total interest would you save by making a fixed payment of $100 per month instead of the require minimum payment equal to monthly interest.
Popular business leader or entrepreneur : A summary of a popular business leader or entrepreneur (preferably Canadian) with examples of how they used either form of leadership: democratic
List three potential reasons for such a significant decline : Mark's Wine and Spirits is the wholesale supplier of wine and liquor to local package stores. List three potential reasons for such a significant decline
Problem on national survey on office efficiency reports : You Can Work and Get Your Exercise at the Same Time One in five clerical workers walks about a quarter mile a day just to complete routine functions.
Concentrate on a strong introduction and conclusion : Concentrate on a strong introduction and conclusion as they are keys to an excellent speech. Watch your time to finish within 5 minutes.
Discuss a new factory supervisor at an annual cost : if the component is manufactured by Engstrom, the company will hire a new factory supervisor at an annual cost
Mcgregor theories x and y or herzberg motivator : Choose either McGregor's theories X and Y or Herzberg's Motivator-Hygiene theory and relate their views to your beliefs and how you plan to motivate employees

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.

  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

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