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
The Bloomington Electric Company operates in a stable industry and therefore has predictable dividend growth of 8% per year. The most recent annual dividend was paid yesterday in t

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

Your company completed the site work for the South Pointe office complex. The costs are shown in Figure 11-3. The site concrete labor and landscaping were done by subcontractors. T

the folloeing job order cost sheets were purchased for three jobs that were in production during january job 97 job 98 job 99 material

Example of Labour Remuneration Beneath a premium bonus scheme, workers obtained a guaranteed basic hourly minimum rate of pay in addition of a bonus of 50 percent of the time

A firm operates two plants with the marginal cost curves given by MC 1 = 50 + 2Q 1 , MC 2 = 90 + Q 2 . If the firm's total output must be 80 units, how much will it produce a

Below find production and sales information for Herrestad Company. We will use this same company for all the SLPs in this course.  Product information

Samuel Construction Company engaged in a contract to construct a building on 1 July 2011 with completion of the contract by the 30 June 2014.  The contract price amounted to a tota

Problem: A satellite is launched into Earth orbit by a Delta II launch vehicle (LV).  The Delta LV's engines do not perform as expected, and at upper-stage burnout the satellite

Sales Budget It provides volume of sales and sales mix of the recent operations. The sales forecast is initially prepared and upon completion the sales budget is finalized. Th