User Account

All Pages

What the average collection period of the receivables

Assignment Help Financial Accounting
Reference no: EM132962679

Question - Walker Clothing Store had a balance in the Accounts Receivable account of $780,000 at the beginning of the year and a balance of $820,000 at the end of the year. Net credit sales during the year amounted to $7,000,000. What the average collection period of the receivables in terms of days?

A) 42 days.

B) 365 days.

C) 10 days.

D) 37 days.

Reference no: EM132962679

Questions Cloud

Describe a case of asset misappropriation in a company : Identify and describe a case of asset misappropriation in a company traded on the NYSE or NASDAQ except for the Circuit City company
Calculate the equipments carrying amount : Calculate the equipment's carrying amount at December 31, 2021 (after recording the annual depreciation). Record the impairment loss
What depreciation expense for kansas enterprises would be : Kansas Enterprises purchased equipment for $77,000 on January 1, 2021. Using the double-declining balance method, depreciation expense for 2021 would be
Make the journal entry to record income tax expense : Prepare the journal entry to record income tax expense, deferred income taxes, and income taxes payable for 2021, assuming income tax rate of 20% for all years.
What the average collection period of the receivables : Net credit sales during the year amounted to $7,000,000. What the average collection period of the receivables in terms of days
Find what is mackenzie effective annual rate : Assume that its trade credit terms are 4/10, net 55, Using a 365 day year, what is Mackenzie's Effective Annual Rate (EAR) cost of trade credit?
How much cash was provided by operating activities : Prepaid expenses and accounts payable decreased by $2,000 and $11,000 respectively. How much cash was provided by operating activities
What is the company free cash flow for the year : The company's operating income for the year is $245.80 million, What is the company's free cash flow for the year if its tax rate is 25%?
What was the adjusted alos : In 2009, Hospital ABC had ALOS of 6.9, 453 beds, and 21,000 discharges. What was the occupancy rate in 2009? What was the adjusted ALOS

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