Part a what will be the average collection period part b

Assignment Help Accounting Basics

Reference no: EM13612426

If accounts receivables turnover ratio for the year 2012 was 5 times,

Part A) what will be the average collection period?

Part B) Assuming the same turnover ratio, what will be the value of opening accounts receivables if value of credit sales for the year 2012 was $ 175000 and closing accounts receivables was $ 40000? (Assume 365 days in a year)?

Part C) assuming the figure of opening A/R in part B, what will be the accounts receivables turnover ratio if the value of credit sales for the year 2012 was $ 115000?

Reference no: EM13612426

Questions Cloud

Toss five fair coins and let x equal the number of heads : toss five fair coins and let x equal the number of heads observeda. identify the sample points associated with this

Determine the half-angle of the wedge and the ratios of : in a helium wind tunnel flow at mach 4.0 passes over a wedge of unknown half-angle aligned symmetrically with the flow.

The lifespan of a particular brand of light bulb is : the lifespan of a particular brand of light bulb is normally distributed with a mean life of 400 h and a standard

If the mass is displaced by 10mm from its equilibrium : if a mass of 0.3 kg is suspended from a spring of stiffness 200nm-1. if the mass is displaced by 10mm from its

Part a what will be the average collection period part b : if accounts receivables turnover ratio for the year 2012 was 5 timespart a what will be the average collection

When the resistors are connected in parallel to the battery : two resistors have resistances rsmaller and rlarger where rsmaller lt rlarger. when the resistors are connected in

Estimate the screw torque erquired to raise the load if : a square-threaded power screw with single thread is used to raise a load of 25000lb. the screw has a mean diameter of 1

X and y are independent both x and y have an exponential : x and y are independent. both x and y have an exponential distribution. if x had mean 3 and y had mean -2a find the

A find the flares maximum height if it is fired on the : a. find the flares maximum height if it is fired on the level salt flats of utah.b. find the distance from its firing

User Account

All Pages