What were phillips company total sales for the year

Assignment Help Accounting Basics
Reference no: EM131806654

Question - Phillips Company's accounts receivable were $250,000 at the beginning of the year and $300,000 at the end of the year. Cash sales for the year were $425,000. The accounts receivable turnover was 8 times. What were Phillips Company's total sales for the year?

Reference no: EM131806654

Questions Cloud

What must be the useful life of the solar system : Chris Cook studied the situation described in Problem and decided that the solar system will not require the $180 of maintenance every 4 years.
What is the monthly payment for a 3-year : What is the monthly payment for a 3-year new car loan when the nominal interest rate is 12%? After rebates
Disadvantages of these types of business models : Explain the advantages and disadvantages of these types of business models.
What is the most expensive house maria can afford : Thirty-year loans are available at 12% interest with monthly payments. If she can make a $5000 down payment, what is the most expensive house Maria can afford?
What were phillips company total sales for the year : Cash sales for the year were $425,000. The accounts receivable turnover was 8 times. What were Phillips Company's total sales for the year
Review problem regarding plans for a summer vacation : Jane Chang is making plans for a summer vacation. She will take $1000 with her in the form of traveler's checks.
Month and the interest rate : If he makes payments of $45 per month and the interest rate is 18% compounded monthly, how long will it take to pay off the loan?
Advantages-disadvantages of these types of business models : Explain the advantages and disadvantages of these types of business models.
What is the monthly payment : Murphy plans on making monthly payments for 3 years with 12% nominal interest. What is the monthly payment?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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