User Account

All Pages

What was the accounts receivable turnover

Assignment Help Accounting Basics
Reference no: EM13509974

Leary Corporation had net credit sales during the year of $900,000 and cost of goods sold of $540,000. The balance in receivables at the beginning of the year was $120,000 and at the end of the year was $180,000. What was the accounts receivable turnover?

Answer

6.0
7.5
5.0
3.6

Reference no: EM13509974

Questions Cloud

Find the missing amounts : Mulligan Manufacturing Company uses a job order cost system with overhead applied to products at a rate of 150 percent of direct labor cost.
Theory of spontaneous generation and biogenesis : Describe the debate between theory of spontaneous generation and biogenesis. Explain how Louis Pasteur's experiment with the S-neck flasks in the 1800's resolved this debate. Include a detailed description of Pasteur's experiment and an analysi..
What is the instantaneous power output : The work performed as a function of time for a process is given by W = at3 , where a = 2.4 J/s3. What is the instantaneous power output at t = 2.6 s
Evaluating your own risk for inherited disease : Evaluating Your Own Risk for Inherited Disease
What was the accounts receivable turnover : Leary Corporation had net credit sales during the year of $900,000 and cost of goods sold of $540,000. The balance in receivables at the beginning of the year was $120,000 and at the end of the year was $180,000. What was the accounts receivable t..
Examples of how society shapes family life : What traits lead some people to call the united states a mass society. why do other analysts describe the united states as a class society? Sociologists points to ways in which family life reflects not just individual choices but the structure of..
Use colored lights to grow plants : Use colored lights to grow plants
Calculate the number of locks that must be sold : Lockwood Company currently sells its deadbolt locks for $30 each. The locks have a variable cost of $10, and the company's annual fixed costs are $150,000. The company's tax rate is 40 percent.
The following phenomena is most likely occurring : A 54-year-old man with a long- standing diagnosis of essential hypertension is meeting with his physician. The patient's physician would anticipate that which of the following phenomena is most likely occurring?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Problem related to reciprocal method

Allocate the overhead costs of the support departments to the producing departments using the reciprocal method. Bases for allocation are: maintenance-square footage, personnel- number of employees. (round to the nearest dollar)

  How management can engage in "real"

1. Give three examples of how management can engage in "real" earnings management to achieve the desired reporting of higher net income. 2. Profiles Corp. had the following infrequent income statement items during 2009:

  Identify at least four key controls and indicate the tests

The bookkeeper prepares a daily bank deposit slip and compares the total with the total amount shown on the daily remittance tapes. All remittances are deposited in the bank the day they are received. (Cash receipts from sources other than service..

  Denair fine wines inc is planning to bring out a

denair fine wines inc. is planning to bring out a higher-quality wine product than any currently available in

  Barry and his wife mary have accumulated over 4 million

barry and his wife mary have accumulated over 4 million throughout their 45 years of the marriage. theyve three

  A company makes power tools the motor division makes a

a company makes power tools. the motor division makes a motor that small tools division needs for a new product. the

  An accurate assessment of the company performance

What is a P/E ratio, and why is it important in stock valuation? Choose a company stock, and discuss its P/E ratio. Do you believe the P/E ratio provides an accurate assessment of the company's performance?

  Question power switch inc had a flood distroy its

question power switch inc had a flood distroy its accounting records and inventroynumbers givennbsp1st quarter

  Determining generally accepted accounting principles

Generally Accepted Accounting Principles (GAAP) is based on accrual accounting. Define and describe accrual accounting and provide examples

  Inventory to manipulate income

How could management use inventory to manipulate income? What is the difference between periodic and perpetual inventory systems? Which items and costs should be included in inventory?

  Which method is more useful for internal decision making

What are the differences between variable and absorption costing? Why is variable costing not allowed for GAAP reporting? Which method is more useful for internal decision making? Why? As a manager, which would you prefer? Why?

  Compute the cost of goods manufactured for the year ended

information for the year ended december 31 2010sales 110000direct materials used 20800indirect production costs-fixed

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