User Account

All Pages

Determine the accounts receivable turnover

Assignment Help Accounting Basics
Reference no: EM131931503

Question - Financial statement data for years ending December 31 for Robid Company follows:

2016 2015

Sales $7,906,000 $6,726,000

Account receivable:

Beginning of year 600,000 540,000

End of year 580,000 600,000

a. Determine the accounts receivable turnover for 2016 and 2015.

b. Determine the number of days' sales in receivables for 2016 and 2015. Use 365 days in a year in your computations. Round interim calculations and your final answers to one decimal place.

Reference no: EM131931503

Questions Cloud

Which location would provide the lowest total cost : If the expected output at the selected location is to be 8,000 units per year, which location would provide the lowest total cost.
Discuss any claims in negligence which could be made : On the bend was parked a removalist truck. Peter stepped out in front of the truck. Discuss any claims in negligence which could be made
What will the balance be in long-term notes payable account : On November 1, 2015, EZ Products borrowed $48,000 on a 5% 10-year note with annual installment. What will the balance be in the Long-Term Notes Payable account?
Is any bias necessarily unethical : How do we sanely incorporate the Stakeholder Theory of the Firm into our ethical decision making process?
Determine the accounts receivable turnover : Determine the number of days' sales in receivables for 2016 and 2015. Use 365 days in a year in your computations
Provide a gesture typically used for nonverbal communication : Is there any potential for that gesture to cause misunderstandings and conflict? Why or Why not?
What is wilsons total depreciation deduction : This is the only property acquired this year and Section 179 expensing is elected. What is Wilson s total depreciation deduction for 2017?
Maintenance approach explain stereotypes : How does the self-esteem maintenance approach explain stereotypes, prejudice, and discrimination?
Determine the annualized cost of trade credit : ABC extends credit to its customers on terms of 2/10, net 30. Assuming a customer pays the invoice at the end of the costly trade credit period.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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