Alliances receivable turnover ratio

Assignment Help Accounting Basics
Reference no: EM13147385

Alliance software began 2009 with accounts receivable of $115,000, All sales are made on credit. Sales and cash collections from customers for the year were $780,00 and $700,000 respectively. Cost of goods sold for the year was $450,000. what was Alliances's receivable turnover ratio for 2009?

Reference no: EM13147385

Questions Cloud

Difference between any two methods of heat transfer : Describe the difference between any two methods of heat transfer. Why do we feel hot when we wear black on a sunny day? If we wanted to keep warm on a cooler day, should you wear black or light-colored clothing?
Calculate the equilibrium constant for the reaction : At 600 degrees C, the equilibrium constant for the reaction 2HgO(s) --> 2Hg (l) +O2 (g) is 2.8. Calculate the equilibrium constant for the reaction 1/2O2(g) + Hg(l) --> HgO (s)
Determine the length of the cycle between orders : If Mr. Cue were to order 1000 kilograms (instead of EOQ) of ivory at a time, what would be the length of the cycle between orders?
Luke borrows $5000 from modern financial corporation : Luke borrows $5000 from Modern Financial Corporation (MFC), which files a financing statement on May 1, but does not sign an security agreement until he receives the funds on May 5. Luke also borrows $5,000 from National Bank, which advances funds, f..
Alliances receivable turnover ratio : Alliance software began 2009 with accounts receivable of $115,000, All sales are made on credit. Sales and cash collections from customers for the year were $780,00 and $700,000 respectively. Cost of goods sold for the year was $450,000. what was ..
Explain the compound has a molecular mass : The compound has a molecular mass of 70. D) The compound contains a cyano or alkyne group. E) The compound contains a CO group
Write down claim as a mathematical sentence : Write the claim as a mathematical sentence. Stating the null and alternative hypotheses, and identify which represents the claim.
Investment as securities available for sale : Dorchester Corporation purchased one thousand shares of Winchester Corporation stock in 2006 for $800 per share and classified the investment as securities available for sale.
What volume of 0.150 mol /l ba(oh)2 is needed : What volume of 0.150 mol /L Ba(OH)2 is needed to neutralise 476 mL of 0.178 mol/L HCl?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Retirement plan and distributions

Using the general rule calculates Martin's taxable income for 2011 from the retirement plan and distributions

  Complete termination redemption

Lupe and Rodrigo, father and son, each own 50% of the stock outstanding of Heron Corporation (Eof $400,000). During the current year, Heron redeems all of Lupe's shares for $250,000. The transaction cannot qualify as a complete termination redempt..

  Accounting principles and prepare a short memo

Directions research the related generally accepted accounting principles and prepare a short memo to the president that summarizes how to report the $40,000 loss on Klote's 2010 income statement. Cite your reference and applicable paragraph number..

  Advantages of four different special journals

What are the advantages of the four different special journals? When would you use each type? What is a subsidiary ledger and what purpose does it serve?

  Adjusting entry-shift current installment of long term note

Make the adjusting entry to shift the current installment of the long-term note payable to a current liability. Also accrue interest expense at year end.

  Overtime wages expensed

A candy factory's employees work overtime to finish an order that is sold on February 28. The office sends a statement to the customer in early March and payment is received by mid-March. The overtime wages should be expensed in ??

  Computing stock and portfolio beta

There are two stocks, stock A and stock B. The price of stock A today is $70. The price of stock A next year will be $50 if the economy is in recession, $80 if the economy is normal and $95 if the economy is expanding.

  Prepare the general journal entries related wyrick company

Instructions  Prepare the general journal entries necessary to record these transactions.  Equity transactions. Presented below is information related to Wyrick Company:

  Legal capital of the corporation

What is the legal capital of the corporation? At what average price per share has the preferred stock been issued? How many shares of common stock have been issued?

  Market share and concentration ratio

These top firms in industry C have market shares of 30, 25, 10 and 5% respectively. The top four firms in industry D have market shares of 15, 12, 8 and 4 % respectively.

  Compute the cost of goods sold

The manufacturing operations of REason,inc had the following balances for the month of January: Compute the cost of goods sold.

  Discuss the ethical implications of the irs

Discuss the ethical implications of the IRS using social media networks to help identify tax returns for audit. Take a position on the whether or not the ethical implications identified above outweigh the benefits of seeking out targeted people to..

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