Determine the days sales uncollected for both companies

Assignment Help Taxation
Reference no: EM1374810

Marble had 2816 million in sales and $555 million in ending accounts receivable for present period. For the same period, Maxtel reported $4,885 million in sales and $491 million in ending accounts receivable. Determine the days sales uncollected for both companies as of the end of the present period. Which company is doing a better job in managing the collection of its receivables?

Reference no: EM1374810

Questions Cloud

Utilizing single exponential smoothing with standard : Utilizing single exponential smoothing with standard deviation=0.2 if the forecast for January had been 70 calculate what the exponential forecast would have been for the remaining months through June.
From original question journal entries : all have a specific name that coordinates with a specific account- from who shares were purchased/which company or who/which company sold shares.
How many tickets should be overbooked to maximize profit : Off we go Airlines has a daily flight from Chicago to Las Vegas. how many tickets should be overbooked to maximize expected profit.
Discuss the company activities outside of the us : Choose a United States based firm with global operations and discuss the following questions, Discuss the company's activities outside of the U.S.
Determine the days sales uncollected for both companies : Determine the days sales uncollected for both companies as of the end of the present period. Which company is doing a better job in managing the collection of its receivables?
Evaluate the tax on the total cumulative gifts : How do I evaluate the tax on the total cumulative gifts of 1,548,000? The answer is given to us which is 577,400 but we require to show how we got to that answer. Please help.
Differences among the flexible as well as the static budget : You are in a job interview as well as your possible employer asks you to define the differences between the flexible as well as the static budget and to explain which you would recommend for a small business and why
Explain how to conduct an analysis of clients insurability : As part of an insurance business's  training program, participants learn explain how to conduct an analysis of clients' insurability. Which of participants would you judge to be capable.
Evaluate the total number of dinner cruises : Evaluate the total number of dinner cruises that Luxury Cruiseline must sell to break even and determine the number of regular cruises and executive cruises company must sell to breakeven.

Reviews

Write a Review

Taxation Questions & Answers

  Evaluate the combined income tax rate

Evaluate the combined (state+ federal) income tax rate for XYZ company. Use this rate for evaluating after tax cash flows and evaluate the after tax cash flow for this investment. Make adjustment in the DDB depreciation charges if required in any y..

  You are a cpa and a tax senior

You are a CPA and a tax senior at Roll Accounting Inc. (RAI), an accounting professional corporation in Canada. It is now March 31, 2014 and you have just finished meeting with Mike Dee, a partner at RAI. Mike has some tax issues that he wants you to..

  Taxation law

Advise the participants in the ‘barter' system of the income tax implications, if any, of participating in the system.

  Show the appropriate income tax allocation

Create a memo to Texaco Inc's chief accountant showing the appropriate income tax allocation required for the above items, adding the appropriate balance sheet presentation

  Evaluate the amount of taxes paid in country

Evaluate the amount of taxes paid in Country

  Whether he return on a cash or accrual basis

Advise John Jones what amounts would be included in his assessable income. Your answer should include a discussion of the following: Whether he return on a cash or accrual basis.

  Describe the rules that apply to each property transaction

Describe the rules that apply to each property transaction

  Complete federal income tax return

Complete Phillip and Claire Dunphy's 2012 federal income tax return.

  Calculate breakeven sales in dollars

Create contribution margin income statements at sales level of $255,000 and $363,000 and calculate breakeven sales in dollars

  Evaluate average tax rate

average tax rate is more significant than the marginal tax rate.

  Evaluate the income tax consequences to azure company

Evaluate the income tax consequences to Azure Company and to Sasha during the year for each of the subsequent independent situations. Azure is a C corporation and pays no salary or dividends to Sasha.

  How could you suggest this issue be resolved

Do you agree or disagree? Why? How could you suggest this issue be resolved?

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