User Account

All Pages

Problem - accounts receivable analysis

Assignment Help Financial Accounting
Reference no: EM132745534

Problem - Accounts Receivable Analysis

The following data are taken from the financial statements of Sigmon Inc. Terms of all sales are 2/10, n/45.

 

20Y3

20Y2

20Y1

Accounts receivable, end of year

$725,000

$650,000

$600,000

Sales on account

5,637,500

4,687,500

Required -

a1. For 20Y2 and 20Y3, determine (1) the accounts receivable turnover. Round to the nearest dollar and one decimal place.

a2. For 20Y2 and 20Y3, determine (2) the number of days' sales in receivables. Round to the nearest dollar and one decimal place.

b. What conclusions can be drawn from these data concerning accounts receivable and credit policies?

Reference no: EM132745534

Questions Cloud

Link organizational technology-value and strategy : In a persuasive essay, link organizational technology, value, and strategy. You may use a real-life organization you have researched
Compare two companies with regard to credit card policies : Xavier Stores Company and Lestrade Stores Inc. are large retail department stores. Compare the two companies with regard to their credit card policies
Describe the organizational structure and design : Describe the organizational structure and design. Examine the organization's differentiation and growth strategy.
Fair labor standards act provisions : Discuss the Fair Labor Standards Act (FLSA) provisions. Determine which provisions might apply or not apply to security personnel.
Problem - accounts receivable analysis : For 20Y2 and 20Y3, determine (2) the number of days' sales in receivables. Round to the nearest dollar and one decimal place
Most common forms of unethical behavior : hat are some of the most common forms of unethical behavior in our workforce today?
How would you explain the increase in sales : In a year when farm prices and yields are very good, machinery and equipment dealers often experience large sales toward the end of the year.
Competency models related to job analysis : Explain what competencies are and why they are popular in training departments. How are competency models related to job analysis?
Explain the impact of the issue on your assessment : The audit client has been involved in a dispute with the regulators over choice of accounting methods and disclosure practices. Explain the impact of this issue

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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