What is receivables float

Assignment Help Accounting Basics
Reference no: EM131883835

Question: 1) What is receivables float?

2) What is payables float?

3) Name three ways to shorten the receivables cycle.

4) Give one example of receivables fraud.

5) Name at least two different types of inventory valuation methods. Discuss the advantages and disadvantages of each method.

6) A controller must consider many factors to assist in the determination of capital asset expenditures. Why is this planning important? Name two different accounting methods that might be used in the valuation of the expenditure. Discuss the advantages and disadvantages of both methods.

Reference no: EM131883835

Questions Cloud

Computing the irr for the project : (Project Evaluation ) Dog up! Frank is looking at a new sausage system with an installed cost of $560000.this cost will be depreciated straight-line.
Examine the casualty insurance policy : The prepaid insurance account shows a debit of $6,000, representing the cost of a 2-year casualty insurance policy dated September 1 of the current year.
Develop scope statement for project : The city of Greendale wants to contract with your company to build a new baseball stadium. Develop a scope statement for this project.
How do public accountants differ from management accountants : How do public accountants differ from management accountants? Who are the key users of the accounting information?
What is receivables float : Name at least two different types of inventory valuation methods. Discuss the advantages and disadvantages of each method.
Required return exceed foley required return : By how much does Beale's required return exceed Foley's required return?
What is the depreciation expense reported for the equipment : Fusion Co. uses the double declining balance depreciation method On April 1, 2011, Fusion Co. bought a equipment for $24,000. They estimate the equipment.
What is the cash flow break-even quantity : What is the cash flow break-even quantity? What is the DOL at the financial break-even quantity?
Calculate the cost of one custom odawa yacht : The Sturgeon Bay Yacht Company Case - Calculate the cost of one custom Odawa yacht using activity-based costing

Reviews

Write a Review

Accounting Basics Questions & Answers

  How does a government determine which governmental funds

how does a government determine which governmental funds aremajor funds? how does a government decide which proprietary

  Basics of straight-line depreciation

Straight-line depreciation is used. Demers reported net income of $28,000 and $32,000 for 2006 and 2007, respectively. Compute the gain recognized by Demers Company relating to the equipment for 2006:

  Why does a corporation buy back its own stock

Why does a corporation buy back its own stock? What do you think this tells you about the corporation?

  In the wetzel company 20000 direct labor hours were worked

1. standards differ from budgets in thata. budgets but not standards may be used in valuing inventories.b. budgets but

  In the past he has used the standard mileage method to

george dick an employee of plum corporation drove his car a total of 17.966 miles during 2008. of the total miles

  Arris inc began the accounting period with a 105000 debit

arris inc. began the accounting period with a 105000 debit balance in its accounts receivable account. during the

  What was his internal rate of return

In the next year, he received $525 in dividends and sold the stock for $43,000. What was his internal rate of return

  Compute the double-declining-balance

Estimating Depreciation Expense and Book Value, Equipment costing $29,000, with a scrap value of $5,000 was purchased on January 1,

  Collectability of the lease payments by bidwell leasing

Prepare an amortization schedule that describes the pattern of interest expense over the lease term for Red Baron Flying Club.

  Merchandise within the discount period

Logan Appliances purchased $8,000 of merchandise, 2/10, n/30, FOB shipping point. The seller prepaid the shipping charges of $200. If Logan pays for this merchandise within the discount period, how much should Logan remit to the seller?

  What is the total manufacturing overhead cost

Miller Company's total sales are 120,000. What is the total manufacturing overhead cost? What is the total manufacturing cost

  Records warranty expense with an adjusting entry

These are the only repairs required in 2010 for this copier. Based on experience, Lee expects to incur warranty costs equal to 3% of dollar sales. It records warranty expense with an adjusting entry at the end of each year

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd