User Account

All Pages

Calculate the accounts receivable turnover

Assignment Help Accounting Basics
Reference no: EM13862643

Suppose the following information was taken from the 2014 financial statements of FedEx Corporation, a major global transportation/delivery company.

Accounts receivable (gross) $3,621 $4,591
Accounts receivable (net) 3,343 4,256
Allowance for doubtful accounts 278 335
Sales revenue 36,445 38,527
Total current assets 7,297 7,150

Calculate the accounts receivable turnover and the average collection period for 2014 for FedEx. (Round answers to 1 decimal place, e.g. 12.5. Use 365 days for calculation.)

Accounts receivable turnover times

The average collection period for 2014 days

Reference no: EM13862643

Questions Cloud

What is the solubility in mg per ml of baf_2_ : What is the solubility in mg per ml of BaF_2_ a. in pure water b. in water containing 5.0mg/ml KF?
Is the market a mature one or a growing one? : Is the market a mature one or a growing one?
24 degrees celsius are completely reacted : If the formation of smog,nitrogen and oxygen gas react to form nitrogen dioxide. How many grams of nitrogen dioxide will be produced when 2.0 L of nitrogen at 840 mmHg and 24 degrees celsius are completely reacted? N2(g) +2O2)g)----------->2NO2(g)
Estimate from the model might differ from the holistic : A publisher is considering launching a new magazine for women in the 18–25 years age group. It is thought to be vital to the long-term success of the magazine that its sales should reach break-even point within its first year. Explain why the estimat..
Calculate the accounts receivable turnover : Calculate the accounts receivable turnover and the average collection period for 2014 for FedEx.
Countries have comparative advantages in which goods : A Spanish can either produce 3 liters of win or 1 kilos of cheese. A Portuguese worker can either produce 4 litres of win or 12 kilos of cheese Which countries have absolute advantages in which goods? Which countries have comparative advantages in wh..
What is janes certainty equivalent : Jane obtains utility W1/2 from wealth W. Jane has $100, but there is a 25% chance she will require surgery which costs $64. Sketch this utility function, indicating the values of Jane’s wealth if she does and if she does not need surgery. calculate t..
Oxidation to form formaldehyde and water : A mixture containing 98 mol% methanol and 2 mol% of an inert contaminant is available as a feed to a formaldehyde plant. The fresh feed to a process consists of 1000 kmol/h of this mixture along with 200 kmol/h of oxygen. All of the oxygen is consume..
Franchise owner would like to increase the price : A specific McDonald’s franchise owner is looking at elasticities of Big Macs. E(p)= 2 (Price), E(i)=1 (Income), E(mt)=1.5 (m=Big Mac, t= Taco). The franchise owner would like to increase the price of Big Macs by 6%. If the franchise owner currently s..

Reviews

Write a Review

Accounting Basics Questions & Answers

  Formulation phase of policymaking in general terms

Discuss the formulation phase of policymaking in general terms. Discuss the agenda setting as the confluence of three streams of activities. Include the concept of a window of opportunity for legislation development in your answer.

  Taos company purchased merchandise for resale from tuscon

taos company purchased merchandise for resale from tuscon company with an invoice price of 22000 and credit terms of

  Record the payment of semiannual interset on the bonds

issued a 8000000 of 10 year 7 bonds at 110 withinterest paid semiannually.record the payment of semiannual interset on

  What is the fee schedule assuming that these overhead cost

the audiology department at randall clinic offers many services to the clinics patients. the three most common along

  Last night shirley worked on her accounting homework for

last night shirley worked on her accounting homework for one and one half hours. during that time she completed 6

  Purchases of merchandise problem

When purchases of merchandise are made for cash, the transaction:

  Determine the cost of material purchased the cost of raw

raw material inventory112004 5000raw material inventory12312004

  X company is considering buying a part next year that they

x company is considering buying a part next year that they currently make. a company has offered to supply this part

  Affect the valuation of the stock

Discuss your findings and how it will affect the valuation of the stock.

  Describe underapplied and overapplied overhead

Describe underapplied and overapplied overhead. What is commonly done with the underapplied or overapplied balance in the factory overhead account?

  Evaluate and explain what types of business entities

Events in the world of corporate finance during the past few years have shown the importance of transparent and accurate financial reporting by businesses.

  Approximate total ordering cost

Her purchase price is $6 for each box of discs and she has determined that storage costs for one year are 25 percent of thepurchase price. What is her approximate total ordering cost?

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd