Pepsis accounts receivable turnover was 99 for this year

Assignment Help Accounting Basics
Reference no: EM13480211

Pepsi's accounts receivable turnover was 9.9 for this year and 11.0 for last year. Coke's turnover was 9.3 for this year and 9.3 for last year. These results imply that:

1. Coke has the better turnover for both years

2. Pepsi has the better turnover for both years

3. Coke's turnover is improving

4. Coke's credit policies are too loose

5. Coke is collecting its receivables more quickly than Pepsi in both years

Reference no: EM13480211

Questions Cloud

Government operations scenario a community project public : government operations scenario a community project public good will cost 2500 and will benefit the five members of the
Gianna tuck is an accountant for post pharmaceuticals her : gianna tuck is an accountant for post pharmaceuticals. her duties include tracking research and development spending in
Kindly i need to rephrase the following sentences in : kindly i need to rephrase the following sentences in contemporary language to be more suitable and professional for my
Total asset turnover is calculated by dividing gross profit : total asset turnover is calculated by dividing points 21. gross profit by average total assets2. average total
Pepsis accounts receivable turnover was 99 for this year : pepsis accounts receivable turnover was 9.9 for this year and 11.0 for last year. cokes turnover was 9.3 for this year
That expenses be ignored if their effect on the financial : the matching principle requires1. that expenses be ignored if their effect on the financial statements are less
In comparing two investment alternatives the difference : in comparing two investment alternatives the difference between the net present values of the two alternatives obtained
The maturity date of a note receivableis the day of the : the maturity date of a note receivable1. is the day of the credit sale2. is the day the note was signed3. is the
The normal selling price of the product is 5110 per unit an : elhard company produces a single product. the cost of producing and selling a single unit of this product at the

Reviews

Write a Review

Accounting Basics Questions & Answers

  Determine the total compensation cost pertaining

1.Determine the total compensation cost pertaining to the options. 2.Prepare the appropriate journal entry(if any)to record the award of options on January 1,2009.

  Problem related to effective interest rate

Prepare the journal entries to record the issuance of the noninterest-bearing note by Mondovi Winery on December 1, 2011. What would be the effective interest rate?

  Annual reporting periods

What were the company's two largest current liabilities at the end of its 2 most recent annual reporting periods?

  What is the quantity variance

the standard cost of product X includes 2 units of direct materials @ $6/unit. During october, the company bough 29,000 units of materials @ $6.20/unit and used those materials to produce 15,000 units. what is the total material variance? what is ..

  Investment in financial and non-financial resources

Imagine that the company that you researched uses a third-party accounting system. Assess the level of responsibility of the software provider to both the business and its clients. Provide support for your rationale.

  Price of bond of gator corporation

The Florida Investment Fund buys 90 bonds of the Gator Corporation through a broker. The bonds pay 8 percent annual interest.

  Distribution made to common stockholders

On January 2, 2007, Pacer Corporation issued 30,000 shares of 6% cumulative preferred stock at $100 par value. On December 31, 2010, Pacer Corporation declared and paid its first dividend. What dividends are the preferred stockholders entitled to ..

  Carrying value of the bonds payable

The amount of the proceeds from the issuance that should be accounted for as the initial carrying value of the bonds payable would be.

  Service cost component of pension expense

Assuming no change in actuarial assumptions and estimates, determine the service cost component of pension expense for the year ended December 31.

  Record sales and collections during the period

Prepare the entries to record sales and collections during the period. Prepare the entry to record the write-off of uncollectible accounts during the period. Prepare the entries to record the recovery of the uncollectible account during the period.

  Problem on occupancy expense for the year

The renovations cost $50,000 and have a useful life of 8 years. Lisa's Boutique will record occupancy expense for the year ended December 31, of :

  Determining break-even point in dollars

Fields Corporation has two divisions; Sporting Goods and Sports Gear. The sales mix is 65% for Sporting Goods and 35% for Sports Gear. Fields incurs $2,220,000 in fixed costs. The contribution margin ratio for Sporting Goods is 30%, while for Spor..

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