What is the change in the number of days sales

Assignment Help Accounting Basics
Reference no: EM13536691

The following annual account balances are taken from ProTeam Sports at December 31.

 

2011

2010

Accounts receivable

$ 75,692

$ 70,484

Net sales

2,591,933

2,296,673

What is the change in the number of days' sales uncollected between years 2010 and 2011? According to this analysis, is the company's collection of receivables improving? Explain.

Reference no: EM13536691

Questions Cloud

Headings for a monthly bank reconciliation : Prepare a table with the headings for a monthly bank reconciliation dated September 30 - Bank service charge for September
Keeps the cylinder from rolling down the plane : The figure below shows a wooden cylinder with mass m = 0.225 kg and length L = 0.600 m, with N = 50.0 turns of wire wrapped around it longitudinally, so that the plane of the wire coil contains the long central axis of the cylinder.
Relative humidity on the leeward side of the mountains : Westerly winds coming off the Pacific Ocean rise over the Rocky Mountains, which rise to a height of approximately 15,000 ft (580 hPa). The air on the western side of the mountain range is at 800 hPa (T = 70F, r = 0.75), and will subside on the easte..
Prepare a bank reconciliation for cruz company : Prepare a bank reconciliation for Cruz Company using the Outstanding checks as of June 30 total $1,713
What is the change in the number of days sales : What is the change in the number of days sales uncollected between years 2010 and 2011? According to this analysis, is the company's collection of receivables improving?
What is the main objective of internal control procedures : What is the main objective of internal control procedures and why should recordkeeping for assets be separated from custody over those assets?
Prepare a production budget for supermix : Prepare a production budget for Supermix for the months July, August, September, and October - Prepare a direct materials budget showing the quantity of solvent
Plot the number of microstates corresponding : Consider a system of 12 particles with two energy levels. Plot the number of microstates corresponding to each value of the total energy if (a) the particles are indistinguishable and (b) if the particles are distinguishable.
Violate the theory of relativity : On a clear night a laser rotated at an angular velocity of 1 radian s-1 produces a spot of light that is visible on Jupiter, 600 x 106 km distant. How fast does the spot of light move across Jupiter? Does this violate the theory of relativity? Exp..

Reviews

Write a Review

Accounting Basics Questions & Answers

  Determine the divisional and company net income

Determine the divisional and company net income if the transfer price is set at the market price. Determine the divisional and company net income if the transfer price is set at total cost. Determine the divisional and company net income if the trans..

  Explain the differences in operating income

There are no price, efficiency, or spending variances, and any production-volume variance is directly written off to cost of goods in the quarter in which it occurs.

  Give two examples of recent health care technology

please provide a substantive response at least two paragraphs of 6-8 sentences each to the following questionprovide

  Maximum amount of short term commercial loan

What is the maximum amount of short term commercial loan that can be obtained by the firm to finance inventory expansion without violating its current policy?

  What is the yield today for 2-year treasury securities

If the pure expectations theory is correct, what is the yield today for 2-year Treasury securities?

  Journal entries for the original purchase

On February 12, 6, 000 shares of Lucas Company are acquired at a price of $22 per share plus a $240 brokerage fee. Prepare the journal entries for the original purchase, dividend and sale.

  Identify clearly the warranty expense reported

Violeen Corporation (VC), a private Canadian company with a December 31 year end, applies ASPE in preparing its financial statements.

  Describing the tax benefit rule

Donald received this refund later in the same month. Is the California refund a taxable income for 2011? Can you describe the tax benefit rule in your own words?

  Amount of operating expenses incurred by abc company

Calculate the amount of operating expenses incurred by ABC Company during May. Do not use decimals in your answer.

  How the company performing from a financial standpoint

In 200 words or more, explain how ratios can be used to review a company's financial statements. Select a public company, and using price earning ratios, explain how the company is performing from a financial standpoint.

  Basics of financial statements

The bonds were properly carried at $2,134,000 upon issue. On its December 31, Year 1 financial statements, Novastar Corporation would display the following balances:

  Which of the following is an example of both a capital

which of the following is an example of both a capital market and a primary market transaction? no transactions occur

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