What is the average collection period

Assignment Help Financial Accounting
Reference no: EM133075254

Question - A firm has sales of $2.2 million, and 25 percent of the sales are for cash. The year-end accounts receivable balance is $165,000. What is the average collection period?

Reference no: EM133075254

Questions Cloud

What is the arithmetic return : Ten annual returns are listed in the following table: -19.9%16.1%18.3%-49.9%43.4%1.6%-16.1%46.1%44.9%-3.5%
Compute the actual quantity purchased : compute the actual quantity purchased, the standard quantity allowed for materials in total for the month's production, and the standard quantity per unit
Portfolio with a standard deviation : You have a portfolio with a standard deviation of 21% and an expected return of 19%. You are considering adding one of the two stocks in the following table.
What is Phonics and Define phonics : What is Phonics? Define phonics. Use your CORE book and resources in this module to write up a thick explanation.
What is the average collection period : Question - A firm has sales of $2.2 million, and 25 percent of the sales are for cash. What is the average collection period
Why have special trading session during open : 1. Why have special trading session during open? 2. Why have special trading session during close?
What is value of the unlevered company : Question - The free cash flows of MN Company are expected to be $24 million per year for ever. What is value of the unlevered company
Phonological awareness response : What is phonological awareness? Define phonological awareness. Use your CORE book and resources in this module to write up a complete explanation.
Construct a personnel budget : In this week's assignment, students will construct a detailed operational budget: personnel budget for the final business plan (Module 13). A detailed operation

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!

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