Calculate the receivable turnover ratio, Cost Accounting

Assignment Help:

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.


Related Discussions:- Calculate the receivable turnover ratio

Calculate the cash flow - capital cost, A company is evaluating the followi...

A company is evaluating the following lease or buy option.  A four year lease with annual payments of $25,000 payable at the beginning of the year. The tax shield is available a

Determine the estimated operating cost - high low method, 10) Mike Taylor, ...

10) Mike Taylor, the owner of Tennessee River Boat Rentals, is estimating the cost of operating his boat rental company next year. He expects to have 450 rentals during 200Z. The f

Activity Based Costing, How do I figure the estimated activity and estimate...

How do I figure the estimated activity and estimated allocation base?

Cost accounting as a service activity, critically explain cost accounting a...

critically explain cost accounting as 1. a service activity 2. a descriptive/analytical discipline 3. an information system

Absorption Costing Techniques, If the net income under marginal costing is ...

If the net income under marginal costing is #100,000, calculate absorption costing, if opening and closing inventories are #20,000 and #15,000

Process costing, how to prepare separate accounts for each process given ha...

how to prepare separate accounts for each process given having been givent normal loss,output,overhead and output passes to next process

Co-ownership incentive scheme or profit sharing schemes, Co-ownership incen...

Co-ownership incentive scheme or Profit Sharing Schemes The organization permits for ownership whereby the employees are permitted to own a percentage of the shares in the fir

Purpose of cost accounting, what is the purpose of cost accounting and its ...

what is the purpose of cost accounting and its nat ure?

Cost estimation, Cost Estimation  Cost estimation may be defined with...

Cost Estimation  Cost estimation may be defined with 'a study that attempts to predict among costs and the activity level or cost driver that causes those costs. In practical

Standard costing, Standard Costing A standard cost is a predetermined ...

Standard Costing A standard cost is a predetermined calculation of how much is supposed to be incurred under specific particular working conditions. It is not an average of pa

Write Your Message!

Captcha
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