Calculate the receivable turnover ratio, Cost Accounting

Presented here is the basic financial information from the 2009 annual reports of Intel and Advanced Micro Devces (AMD), the two primary manufacturers of silicon chips for personal computers.

(in millions)

Intel

AMD

Sales

$35,127

$5,403

Allowance for doubtful accounts, Jan 1

17

8

Allowance for doubtful accounts, Dec 31

19

7

Accounts receivable balance (gross), Jan 1

1,729

328

Accounts receivable balance (gross) Jan 31

2,292

752

Instructions

Calculate the receivable turnover ratio and average collection period for both companies.

Posted Date: 2/20/2013 7:48:40 AM | Location : United States







Related Discussions:- Calculate the receivable turnover ratio, Assignment Help, Ask Question on Calculate the receivable turnover ratio, Get Answer, Expert's Help, Calculate the receivable turnover ratio Discussions

Write discussion on Calculate the receivable turnover ratio
Your posts are moderated
Related Questions
Reef Office Supplies is interested in estimating the cost involved in hiring new employees. The following information is available regarding the costs of operating the Human Resour

You are the manager of a firm that sells output at a price of $40 per unit. You are interested in hiring a new worker who will increase your firm's output by 2,000 units per year.

What depreciation method does Amazon use for property and equipment? What is the range of useful lives for buildings and for fixtures and equipment? Do these useful lives make sens

Dropping a segment - George's Grill analyzes profitability of three operating units: restaurant, bar, and billiards room. Revenues, variable costs, and attributable fixed costs (wh

Direct Material Usage Variance Refers to the difference among the actual quantity utilized and the standard quantity particular for the actual production, all valued at the st

Netflix Inc wants to issue discount bonds with a market value equal to 45% of their face value. The income tax rate of Netflix is 30%. The bonds will carry 3.5% coupon, paying inte

Herrestad Company does produce and sell two products and the details below will be used to prepare a segmented income statement (showing the income for each product and the total)

Objectives of Budgetary Planning 1) Coordination The budgetary process needs that visible detailed budgets are developed to cover every activity, function or department

budget preparation

what are the material management questions