What was the accounts receivable turnover

Assignment Help Financial Accounting
Reference no: EM132730345

Question - Vaughn Manufacturing had net credit sales during the year of $1107200 and cost of goods sold of $652000. The balance in accounts receivable at the beginning of the year was $104400 and at the end of the year was $151600. What was the accounts receivable turnover?

Reference no: EM132730345

Questions Cloud

Difference between effective annual and percentage rare : Using the example of a savings account, explain the difference between the effective annual rate and the annual percentage rate
How much must he set aside each year : How much must he set aside each year till his retirement to be able to achieve his goal, if the interest rate is now 9% compounded yearly
Identify the variances that should be investigated : Identify the variances that should be investigated according to company policy. Show calculations to support your answer
What must your rate of return be : You just purchased an investment at a price of $5,400. In the subsequent years, cash flows will grow at 5 percent for four years. What must your rate of return
What was the accounts receivable turnover : Vaughn Manufacturing had net credit sales during the year of $1107200 and cost of goods sold of $652000. What was the accounts receivable turnover
Prepare the journal entries : The estimated fair value of installing the photocopy system is $2,700. Prepare the journal entries
What is the contribution margin per set of curtains : The selling price of a set of curtains is $1,275 and the variable (flexible) costs per set of curtains is $445. What is the Contribution Margin
Calculate Cost of goods sold under absorption costing : During 2019, it produced 70,000 units and sold 60,000 units (there was no beginning inventory). Calculate Cost of goods sold under absorption costing
What would be you total interest income : Suppose that at the beginning of October, you have 10.000 TL, what would be you total interest income at the end of December 2020

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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