User Account

All Pages

Solve accounts receivable turnover

Assignment Help Accounting Basics
Reference no: EM132580578

Georgetown Retail Outlet provided the following financial information:

Accounts Receivable balance as of 1/1/2017          $100,000

Accounts Receivable balance as of 12/31/2017     $110,000

Net Credit Sales for the year 2017                        $766,500

Cost of Goods Sold for the year 2017                   $337,260

Question 1: Calculate Accounts Receivable Turnover.

Option 1: 7.30 times

Option 2: 50.00 times

Option 3: 0.80 times

Option 4: 454.55 times

Reference no: EM132580578

Questions Cloud

What conflict management approach would you use : Your boss sent you out to purchase all of the office team's holiday presents at 10:00 a.m. He gave you $300 for the 10 people
Team leader of a product marketing team : Susan is the designated team leader of a product marketing team. She knows that certain team members prefer
Calculate the company payout ratio : Calculate the company's Payout Ratio. Common stockholders' equity as of 12/31/2017. Common stockholders' equity as of 1/1/2017
What is the mission of the company : Proper planning for TQM implementation will determine the success of TQM introduction to an organisation and long-term sustainability
Solve accounts receivable turnover : Calculate Accounts Receivable Turnover. Accounts Receivable balance as of 1/1/2017. Accounts Receivable balance as of 12/31/2017
Determining the initial investment : If the fund earns an interest of 8% compounded semi-annually, how much is the initial investment need to be set up?
Understand legislative requirements : Why do employees need to understand legislative requirements such as contract law?
Design of packaging of supermarket product : Choose a package or design of packaging of any supermarket product. Assess its contribution to brand equity. Justify your decisions.
What is the percentage change in the cost of goods sold : If 2015 is the base year, what is the percentage change in the cost of goods sold from 2015 to 2017?Year Cost of Goods Sold,$140,000.

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