Compute the accounts receivable turnover for research

Assignment Help Cost Accounting
Reference no: EM13537775

Comparative figures for Research In Motion and Apple follow.

 

Research In Motion

Apple

($ millions)

Current
Year

One
Year
Prior

Two
Years
Prior

Current
Year

One
Year
Prior

Two
Years
Prior

Accounts

           

receivable, net

$2,594

$2,112

$1,175

$3,361

$2,422

$1,637

Net sales

14,953

11,065

6,009

42,905

37,491

24,578

Required

1. Compute the accounts receivable turnover for Research In Motion and Apple for each of the two most recent years using the data shown.

2. Using results from part 1, compute how many days it takes each company, on average, to collect receivables. Compare the collection periods for RIM and Apple, and suggest at least one explanation for the difference.

3. Which company is more efficient in collecting its accounts receivable? Explain.

Reference no: EM13537775

Questions Cloud

Compute accounts receivable turnover for the current year : Compute the accounts receivable turnover for the current year and how long does it take on average for Nokia to collect receivables?
Explain moles of sulfate ion are produced : Given the following dissolving process: Fe2(SO4)3 (s) = 2Fe3+ (aq) + 3SO42- (aq) How many grams of iron (III) ions are produced when 0.450 moles of sulfate ion are produced
Calculate what is the strength of the magnetic field : If the field is directed perpendicular to the plane of the loop and the magnetic flux through the loop is 7.60 10-3 T · m2, what is the strength of the magnetic field
Compute the molar solubility of lead thiocyanate : Calculate the molar solubility of lead thiocyanate in pure water. The molar solubility is the maximum amount of lead thiocyanate the solution can hold. Lead thiocyanate, Pb(SCN)2, has a Kp value of 2.00*10^-5.
Compute the accounts receivable turnover for research : Compute the accounts receivable turnover for Research In Motion and Apple for each of the two most recent years using the data shown.
Describe the potential of the corrosion reaction : Air is 21 mole percent oxygen, that is, 0.21 atm oxygen at 1 atm. Suppose the pH of the water is 5.91 and that the concentration of iron(II) in the water is 3.29x 10-5 M, what is the potential of the corrosion reaction under the above conditions a..
Prepare year-end adjusting entry for uncollectibles : What amount would have been used in the year-end adjusting entry if the allowance account had a year-end unadjusted debit balance of $200?
Find her new rotational velocity : A student sitting on a frictionless rotating stool has rotational inertia 0.97 kg*m2 about a vertical axis through her center of mass when her arms are tight to her chest. what's her new rotational velocity
Define the electrochemical processes that occur in the rate : The electrochemical processes that occur in the rate limiting step of the corrosion of iron (oxidation of iron) are represented by the half-reactions

Reviews

Write a Review

 

Cost Accounting Questions & Answers

  Calculate for each product the full cost and selling price

A business manufacturers refrigerators for domestic use. There are 3 models: Lo, Mid and Hi. The models, their quality and their price are aimed at different markets. Product costs are computed on a blanket (businesss-wide) overhead rate basis usi..

  Evaluate the balances - consolidated financial statements

For consolidated financial statements for 2011, evaluate the balances that would appear for the subsequent accounts: (1) Buildings (net), (2) Operating expenses, and (3) Non-controlling Interest in Subsidiary's Net Income.

  Crossover point j marcel enterprises has gathered projected

crossover point. j. marcel enterprises has gathered projected cash flows for two projects. at what interest rate could

  Determine the total manufacturing cost per unit

Determine the overhead allocation rate using the present traditional volume-based allocation method. Evaluate the total manufacturing cost per unit of each customer using the present allocation method.

  Qthe cupcake factory plans to start a new retail store in

qthe cupcake factory plans to start a new retail store in medina ohio. the cupcake factory may sell specialty cupcakes

  Prepare a detailed cost of production report

Prepare a detailed cost of production report. Use the FIFO method. Distinguish between normal and abnormal spoilage.

  Common stock transactions and stockholders equity

Prepare the stockholders' equity section of Blank Company's balance sheet  at May 31, 2010. Net Income earned during the first three months was $15,000.

  Johnson companys balance sheet section with intangible

johnson companys balance sheet section with intangible assets at 12312012 is presented below.costless

  Was it a good decision to increase advertising expenses

Was it a good decision to increase advertising expenses? Suppose that the contribution margin ratio is now 0.4. Would it be a good decision to increase advertising expenses?

  How responsibility centers are used for budgeting process

From your text and at least one scholarly source, research information on responsibility centers. Explain how responsibility centers are used for the budgeting process

  Calculate the contribution per unit that pumpworks

Analyse and discuss the budgeted income statement for April 2005 and the detailed costs of Pumpworks, and calculate the contribution per unit that Pumpworks would make if it accepted the order from SA Mining Ltd.

  Assets of the partnership

Assets of the partnership were overvalued instantly prior to MaryAnn's investment.

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