Solution-Determine the accounts receivable turnover

Determine the accounts receivable turnover

Assignment Help Accounting Basics

Reference no: EM132681413

Problem - Accounts receivable turnover and number of days' sales in receivables

Financial statement data for years ending December 31 for Blum Company are shown below.

	2012	2011
Net Sales	$2,430,000	$1,920,000
Accounts receivable:
Beginning of the year	180,000	120,000
End of year	225,000	180,000

Required -

a. Determine the accounts receivable turnover for 2012 and 2011.

b. Determine the number of days' sales in receivables for 2012 and 2011. Round to one decimal place.

c. Does the change in accounts receivable turnover and the number of days' sales in receivables from 2011 to 2012 indicate a favorable or an unfavorable trend?

Reference no: EM132681413

Questions Cloud

Compute the percentage of allowance for doubtful accounts : Compute the percentage of the allowance for doubtful accounts to the accounts receivable as of December 31, 2009, for Johnson & Johnson

Spite of numerous supply chain disruptions inflicted : In spite of numerous supply chain disruptions inflicted by disasters including the eruption of a volcano in Iceland, earthquake and tsunami in Japan

Problem - Classifications of Receivables : Should Boeing report these receivables separately in the financial statements, or combine them into one overall accounts receivable amount? Explain

Social networking sites for business professionals : Select one of the social networking sites for business professionals listed in the Insights and Additions 3.2: Social Networking Sites for Business Professional

Determine the accounts receivable turnover : Determine the accounts receivable turnover for 2012 and 2011. Determine the number of days' sales in receivables for 2012 and 2011. Round to one decimal place

Proposed organizational retention and motivation action plan : Detailed suggestions on how to implement change, such as implementing the proposed organizational retention and motivation action plan.

Leadership theories presented in reading : Create a chart comparing at least 3 leadership theories presented in reading.

Determine the maturity value of the note : Problem - Note receivable - Vista Supply Company received a 30-day, 4% note for $90,000, Determine the maturity value of the note

Determine the net realizable value of accounts receivable : At the end of the current year, Accounts Receivable has a balance of $325,000; Determine the net realizable value of accounts receivable

User Account

All Pages

Determine the accounts receivable turnover

Reference no: EM132681413

Reference no: EM132681413

Questions Cloud

Reviews

Write a Review

Accounting Basics Questions & Answers

How much control does fed have over this longer real rate

Coures:- fundamental accounting principles

Accounting problems

Theory of interest - term structure of interest rates

Write a report on internal controls

Prepare the bank reconciliation for company

Cost-benefit analysis

Theory of interest

Liquidity and profitability

What is the expected risk premium on the portfolio

Simple interest and compound interest

Capm and venture capital

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT