What is the collection period for given year

Assignment Help Accounting Basics
Reference no: EM131888369

Question: The 2017 income statements of AGT Inc. reports net sales of $3,800.0 million. The balance sheet reports accounts receivable, gross of $527.9 million at December 31, 2016 and $501.0 million at December 31, 2017. For the purpose of detecting earnings management, the collection period for 2017 (rounded to the nearest day) is?

Reference no: EM131888369

Questions Cloud

Convert an operating lease to capital lease : First define capital and operating leases, then What specific steps would be taken to convert an operating lease to a capital lease?
What many units must x company sell in order to break even : In 2017, there are only two expected changes. Direct material costs are expected to increase by 10% per unit, and fixed selling and administrative costs.
Compute swifty corporation receivables turnover : In 2017, Swifty Corporation has net credit sales of $1,510,700 for the year. It had a beginning accounts receivable (net) balance of $101,800.
Calculate the amount of revenue and gross profit : In 2016, the Westgate Construction Company entered into a contract to construct a road for Santa Clara County for $10,000,000. The road was completed in 2018.
What is the collection period for given year : The 2017 income statements of AGT Inc. reports net sales of $3,800.0 million. The balance sheet reports accounts receivable, gross of $527.9 million.
What is the required return for overall stock market : Assume that the risk-free rate is 3% and the market risk premium is 3%. What is the required return for the overall stock market?
Beale required return exceed foley required return : CAPM and required return Beale Manufacturing Company has a beta of 1.8, By how much does Beale's required return exceed Foley's required return?
Probability distributions of expected future returns : Expected returns Stocks A and B have the following probability distributions of expected future returns.
Capm-portfolio risk and return : CAPM, portfolio risk, and return Consider the following information for three stocks, Stocks A, B, and C.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Borderbooks company has two locations downtown and at a

borderbooks company has two locations downtown and at a suburban mall. during march the company reported net income of

  Determining the passive loss

White Corporation, a closely held personal service corporation, has $150,000 of passive losses, $120,000 of active business income, and $30,000 of portfolio income. How much of the passive loss may White Corporation deduct?

  Hedge funds

Hedge funds- salaries paid to managers. what is the tax treatment the rational for this treatment. 2 pages 1.5 space

  How using tax preparation software or internet r e s

how using tax preparation software or internet r e s ources can assist the tax professional in the preparation of tax

  What accounts will be affected by this understatement

It is discovered in 2011 that ending inventory from 2009 is understated. What accounts will be affected by this understatement, and how will they be affected? This is a situation that really happens. Start with the 2009 inventory being understated..

  Journalize the transactions and closing entry for net income

Preferred Stock (8%, $50 par, cumulative, 10,000 shares authorized) $ 400,000. Journalize the transactions and the closing entry for net income

  Prepare a reconciliation of tyrone bank account

Prepare a reconciliation of Tyrone's bank account as of April 30. Show both a corrected balance per bank and a corrected balance per books

  Prepare a schedule for the cost of goods manufactured

Cost of goods manufactured, income statement, manufacturing company. Consider the following account balances (in thousands) for the Carolina Corporation.

  In 2013 bethsie a calendar-year taxpayer purchased business

1.on january 1 2013 randolph signed a two year lease to rent office space from zoff. the lease commenced immediately on

  Compute the annual depreciation charges over the machines

on january 1 2012 a machine was purchased for 197100. the machine has an estimated salvage value of 13140 and an

  Compute the components of the cash flow diagram

The data shown in the table below come from the annual reports of three local companies: Trimeris, Martin Marietta Materials and IBM. Units are shown. For each company: Compute the components of the cash flow diagram (i.e. Arrows 1-5). Show your wo..

  Discuss what amount of gain would xzy corp recognize

except that XZY Corp's adjusted basis in the machinery was $29,000. What amount of gain would XZY Corp recognize on the exchange

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