Millwards accounts receivable turnover

Assignment Help Accounting Basics

Reference no: EM13128229

Millward Corporation's books disclosed the following information for the year ended December 31, 2011:

Net credit sales .................................... $1,500,000
Net cash sales ...................................... 240,000
Accounts receivable at beginning of year ............ 200,000
Accounts receivable at end of year .................. 400,000

Millward's accounts receivable turnover is:

a. 3.75 times.

b. 4.35 times.

c. 5.00 times.

d. 5.80 times.

Reference no: EM13128229

Questions Cloud

What mass of agbr can dissolve : Solutions of sodium thiosulfate are used to dissolve unexposed AgBr ( Ksp= 5.0E-13) in the developing process for black-and-white film. What mass of AgBr can dissolve in 1.00L of 0.500M Na2S2O3?

Determine the tensile strength of wires : Suppose a sample of 16 wires is selected and each is tested to determine the tensile strength. the resulting sample mean and standart deviation are 2160 and 30 respectively.

Cynthia was offered her dream job-business decision : Cynthia was offered her dream job from the competitor to her current company, she is in the middle of a project and would leave them in a bind if she left.

Areas of increase and extrema : Find all extreme values of f and the values of x at which they occur. Find the interval(s) on which the function f is concave up?

Millwards accounts receivable turnover : Millward Corporation's books disclosed the following information for the year ended December 31, 2011: Millward's accounts receivable turnover is

Writing process : Why is it important to follow a writing process?

What is the molar mass of this gas : A 0.113 g sample of a gas exerts a pressure of 780 torr in a 50.4 mL container at 23?C.What is the molar mass of this gas?

Determine frequency of wrong numbers given to callers : Determine the frequency of wrong numbers given to callers. Each sample consisted of 100 calls. Determine 95 pct limits. Is the process stable(i.e., in control)? explain.

Explain how does the accounting for normal spoilage : Explain how does the accounting for normal spoilage and rework differ from the accounting for abnormal spoilage and rework?

User Account

All Pages