What were the accounts receivable turnover

Assignment Help Financial Accounting
Reference no: EM132960621

Question - Cheyenne Corp had net credit sales during the year of $1285900 and a cost of goods sold of $448000. The balance in accounts receivable at the beginning of the year was $117600 and at the end of the year was $190400. What were the accounts receivable turnover?

Reference no: EM132960621

Questions Cloud

What was mcdaniel times-interest-earned ratio : McDaniel and Associates, Inc. reported the following amounts on its 2024 income statement: What was McDaniel times-interest-earned ratio
What was the Drawing balance closed off to capital account : The profit or loss summary (profit for the period) closed off to the capital account was $20000. What was the Drawing balance closed off to the capital account
How does the author introduce the topic of his essay : The reading selection (refer to the handout) is an example of explanation essay. How does the author introduce the topic of his essay
How much is the optimum cash balance : The financial manager has estimated a cost of $40 per transaction in case non-cash asset is converted to cash. How much is the optimum cash balance
What were the accounts receivable turnover : The balance in accounts receivable at the beginning of the year was $117600 and at the end of the year was $190400. What were the accounts receivable turnover
What is the total free cash flow for year four : The tax rate (federal plus state) is 25 percent and WACC is 8 percent. What is the TOTAL FREE CASH FLOW FOR YEAR 4
At what level of Q is the clinic going to break even : A clinic has the following profit function 500Q-200Q-300,000, and $300,000 is the fixed cost. At what level of Q is the clinic going to break even
Compute the total net income earned : If Correct receives a total profit share of P14,000, compute the total net income earned by the business before salaries, interest and bonus
How many orders will be placed each year : Question - Cheesburger and Taco Company purchases 11,801 boxes of cheese each year. How many orders will be placed each year

Reviews

Write a Review

Financial Accounting Questions & Answers

  What value of the cloth trim and processed cloth should be

Based upon the volume/production output, the value of the cloth trim and processed cloth should be? A typical batch of 1000 shirts requires three main processes

  Uses operation costing-quantities and direct materials costs

Z Co manufactures two sizes of T-shirts, medium and large. Both sizes go through cutting, assembling and finishing departments. The company uses operation costing. Z Co's conversion costs applied to products for the month of June were: Cutting Depart..

  What was the amount of dividends the company paid

What was the amount of dividends the company paid in the current period? Beginning retained earnings $29,000 Ending retained earnings $91,000 increase

  What online marketing approaches using ict trends

What online marketing approaches using ICT trends might benefit your business with regards of the various threats that the company might encounter

  Prepare an income statement and retained earnings statement

Journalize and post adjusting entries. Prepare an adjusted trial balance. Prepare an income statement and a retained earnings statement for December and a classified balance sheet at December31.

  Compute the amount at which item a should be recorded

C was appraised at $60,000. The purchase price was $125,000. The amount at which item A should be recorded (rounded to the nearest dollar)

  Evaluate nelsons gross profit for march

How much are the sales revenue for March? Calculate Nelsons gross profit for March under each method and which method will result in the lowest income taxes for Nelson?

  How do prepare the stockholders equity section at december

How do prepare the stockholders' equity section of its balance sheet at December 31, 2012. Show the computation of all amounts. Entries are not required.

  What is the wacc for the company

130,000 shares of 5 percent preferred stock with a current price of $78, and a par value of $100. What is the WACC for the company

  How a budget can be produced taking into account financial

Identify how a budget can be produced taking into account financial constraints and achievement of targets and accounting conventions.

  Compute the amount of impairment loss recognized

Compute the amount of impairment loss recognized on each of Kieran's property, plant, and equipment and on goodwill on June 15, 2008, under U.S. GAAP.

  Complete the bunges federal tax return

Comprehensive PROBLEMS Rebecca and Walter Bunges have been married for 5 years. They live at 883 Scrub Brush Street, Apt. 52B Las Vegas Nevada 89125. Rebecca is a homemaker and Walt is a high school teacher.

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