User Account

All Pages

What the company average collection period

Assignment Help Accounting Basics
Reference no: EM133065452

Question - In 2021 Bramble Co. had credit sales of $ 2110000 and sales returns and allowances related to these sales of $ 153000. Its comparative balance sheet at December 31, 2021 showed the following:

 

2021

2020

Accounts receivable

$837000

$672000

Less: Allowance for doubtful accounts

73000

70000

Carrying amount

$764000

$602000

Required - What the company average collection period for 2021?

a. 116 days.

b. 127 days.

c. 131 days.

d. 141 days.

Reference no: EM133065452

Questions Cloud

What must be the rate of return earned by the firm : If the sustainable growth rate is 5% and the plowback ratio is .4, what must be the rate of return earned by the firm on its new investments
Describe the nash equilibria : Describe an actual (from your own work experience or research) or hypothetical business example of one of the following:
How to promote workplace diversity : Difference between managing human service organizations compared to managing a business, is that human service organization management
Response of sales revenue : This is same regression data as the previous question. Just use regression output from that question to answer this question as well. Your output will show that
What the company average collection period : In 2021 Bramble Co had credit sales of $ 2110000 and sales returns and allowances related to these sales of $ 153000. What the company average collection period
Supply chains-What type of time-series components : Why is increased coordination needed to manage supply chains? What type of time-series components would you expect for the following products and services?
What is an economic system : Its economic presence heavily depends on manufacturing and its inexpensive labor resources. As a result, this dependence has led to over-investment and overcapa
Private or social cost-benefit analysis : 1. Say a local government will build a new office center and offers to purchase gasoline to compensate employees who must now commute further distances. The gov
Effects on welfare in the two countries : What are the effects on welfare in the two countries if Y retaliates with export subsidies instead of import tariffs?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Prepare the journal entry for harsimran inc

Harsimran Inc., Prepare the journal entry for Harsimran Inc. to Record the exchange of the accounts payable for the note payable and cash

  Differential gain and input offset voltage

An NMOS differential pair is to be used in an amplifier whose drain resistors are 10 kΩ ± 1%. For the pair, Kω nW/L =4 mA/V2. A decision is to be made concerning the bias current I to be used, whether 160 μA or 360 μA. Contrast the differential ga..

  Write three topic research in accounting

Write three Topic research in accounting that never been studied before. Should be used secondary data for analysis?

  Does angela have a contract of service

Does Angela have a contract of service or a contract for service with Stenbach Service Centre As the company's Payroll Supervisor

  Compute the amount of gross profit to be recognized

Compute the amount of gross profit to be recognized each year assuming the percentage-of-completion method is used

  What amount of contribution revenue Haggerty College report

An unrestricted $125,000 pledge to be paid the following year. What amount of contribution revenue should Haggerty College report in its statement of activities

  What is the labor rate variance

The job was completed in 540 hours and the average actual labor rate was $18.20 per hour. What is the labor rate variance

  Calculate the unit cost

Calculate the unit cost for each quarter and for the year using the following costs:

  What are the positive and negative effects

Should cartels be allowed to exist? If they should not be allowed to exist, how can they be effectively prohibited?

  Evaluate performance in decentralized organizations

How Do Managers Evaluate Performance in Decentralized Organizations? How Is the Statement of Cash Flows Prepared and Used?

  How much gain must jerome recognize on the distribution

Jerome's basis in his partnership interest is $50,000. How much gain or loss, if any, must Jerome recognize on the distribution?

  How much is the cost of goods sold

Cost of Goods Manufactured for the year 2015 has already been calculated and is $210,000. For the year 2015, how much is the Cost of Goods Sold

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