User Account

All Pages

The number of days sales in receivables round to one decim

Assignment Help Accounting Basics
Reference no: EM131126953

A company reports the following:

Net sales $600,000
Average accounts receivable (net) 60,000

Determine 

(a) The accounts receivable turnover and 
(b) The number of days' sales in receivables. Round to one decimal place

Reference no: EM131126953

Questions Cloud

A mail order pharmaceutical business in san francisco : Drugs ‘R US operates a mail order pharmaceutical business in San Francisco. The firm receives an average of $325,000 in payments per day. On average, it takes four days from the time customers mail their checks until the firm receives them.
What single sampling plan is recommended : If the process average is 0.19% nonconforming, what single sampling plan is recommended using the Dodge-Romig LQ tables if LQ is 1.0% and the lot size is 8000? Also, what is the AOQL? n= _____ c = _____ AOQL = ______
A city passed a zoning ordinance that prohibits : A city passed a zoning ordinance that prohibits all commercial structures over 30 feet high. A man wants to build an office building that will be 45 feet high. In order to obtain permission for the building, the man may apply for a
Discuss three major consequences of the reformation : What was the Protestant Reformation? Discuss three major consequences of the Reformation and how it transformed Europe. What were the differences between industrialization in the United States and in Russia?
The number of days sales in receivables round to one decim : The number of days' sales in receivables. Round to one decimal place
What fraction of its mass would io lose : Io loses about a ton (1000 kilograms) of sulfur dioxide per second to Jupiter's magnetosphere. At this rate, what fraction of its mass would Io lose in 9.0 billionyears
What is the emf of the coil : A 1200-turn coil of wire that is 2.1 cm in diameter is in a magnetic field that drops from 0.12 T to 0 T in 12 ms . The axis of the coil is parallel to the field. PART A: What is the emf of the coil?
What made the general strike in seattle most threatening was : What made the general strike in Seattle most threatening was? In the 1920s, Congress dealt with the immigration question by. A famous novel about farmers who migrated from Oklahoma to California was.
What is the peak current at 640 khz : A capacitor has a peak current of 290 µA when the peak voltage at 320 kHz is 2.6 V Part A: What is the capacitance? Part B: If the peak voltage is held constant, what is the peak current at 640 kHz ?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Analyzing the financial statements and assess

Choose a public company in the food industry. Analyze the financial statements and assess whether the financial performance has improved or declined year-over-year. A presentation of 5-10 powerpoint slides that include the following:

  Briefly describe the content of the reference

Briefly describe the content of the reference and how it relates to your course project. Anonymous authors or web pages are not acceptable. At least three of those sources used should be from academic journals and/or professional publications...

  Meir zarcus and ross are partners and share income and loss

the following information applies to the questions displayed below.meir zarcus and ross are partners and share income

  Comment on the propriety of what chesterplans to do

In completing his Federal income tax return for both 2004 and 2005, Chester intends to file as head of household and to claimHeloise as his dependent. Comment on the propriety of what Chesterplans to do.

  Efficient in pricing and tax consequences

If a firm issues a bond to raise money to finance a project, does this debt financing yield a zero net present value? ( assuming that the market is efficient in pricing and tax consequences are irrelevant). yes or no. explain?

  An investment opportunity costing

An investment opportunity costing $70,000 is expected to yield after tax cash flows of $20,000 per year for five years. Compute the following based on a cost of capital of 12%.

  Smith construction inc just paid a 278 dividend the

smith construction inc. just paid a 2.78 dividend. the dividend is expected to grow by 4 each year for the next three

  Calculate the value of machinery after five years

Rohan purchased a machinery for 100000 and expand 50000 on its installation and transportation. The firm decided to use straight line method for depreciation the rate of depreciation is 10%. Calculate the value of machinery after five years.

  The amount of budgeted overhead costs at normal capacity of

the predetermined overhead rate for zane company is 5 comprised of a variable overhead rate of 3 and a fixed rate of 2.

  Set up t-accounts for cash and accounts receivable

Set up T accounts for cash, accounts receivable, supplies,merchandise inventory, prepaid expense, , equipment, furniture andfixture, accounts payable, notes payable, contributed capital, sales revenue, cost of good sold (expense), advertising expe..

  Prepare the journal entry to record the estimated

during its first year of operations henley company had credit sales of 3000000 600000 remained uncollected at year-end.

  Disclosure of accounting policies

Identify literature that addresses disclosure of accounting policies.. how are the accounting polocies defined.. what are the 3 scenarios that would result in detailed disclosure of accounting methods used.

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