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

Amy earns $35,000 working part time. Consequently, she is not eligible to participate in her employer's retirement plan or health insurance program. Amy's expenses are summarized a

MX obtains 80% of the 1 million issued $1 ordinary share capital of FZ on 1 May 2009 for $1,750,000 when FZ's reserved earnings were $920,000. The carrying worth was considered

Seventeen new bathing suit stores enter the Santa Barbara market, joining the seven that already existed. As a consequence, the demand schedule facing Swim N Style (and all other s

A bank in a medium-sized midwestern city, Firm X, currently charges $1 per transaction at its ATMs.  To determine whether to raise price, the bank managers experimented with a n

explain one operation: unit or output cost

Question: At the beginning of the year, Asquith Company Ltd initiated a quality improvement program. The program was successful in reducing scrap and rework costs. To help asse

ln an attempt to conceal a thefi of funds, Kaito Kid, controller of Shinichi Products, lnc. placed a bomb in the company s record vault. The ensuing explosion left only fragments o

Total profit means the total revenue excluding the total cost of the certain products. Average profit defines the profit which comes and achieved after selling each unit. Total

If fixed costs are $200,000 and the unit contribution margin is $20, what amount of units must be sold in order to have a zero profit?