Compute the days'' sale, Cost Accounting

Assignment Help:

Year Ending
April 2009, 2009 April 30, 2008
Net Sales $10,148,082 $10,070,778
Accs Receivable 1,171,797 1,161,481
Assume that the accounts receivable (in thousands) were $996,852 at the beginning of fiscal year 2008.
1) Compute the accounts receivable turnover for 2009 and 2008. Round to one decimal place.
2009: ??

2008: ??

2) Compute the days' sales in receivables at the end of 2009 and 2008. Round interim calculations and final answers to one decimal place. Use 365 days per year in your calculations.
2009: ??
2008: ??

 


Related Discussions:- Compute the days'' sale

Calculate the approximate yield to maturity of the bonds, Netflix Inc wants...

Netflix Inc wants to issue discount bonds with a market value equal to 45% of their face value. The income tax rate of Netflix is 30%. The bonds will carry 3.5% coupon, paying inte

What is the breakeven unit variable cost, Early customers at Graffiti Week ...

Early customers at Graffiti Week balk at the price for Moondoggie Reserve. The marketing department at DFW, Jolene, conducts some research that suggests Stanislaus county residents

Compute the cost of goods - periodic inventory method, Beginning inventory ...

Beginning inventory on March 1 consisted of 2,000  units each costing $11.20 . During March, the following was purchased for inventory: Date Purchase

Prepare a statement of financial balance sheet, The Accountant has also ask...

The Accountant has also asked for you to assist in preparing the statement of financial position (balance sheet) for the Construction in Building partnership for the year ended 30

Economic order quantity, Economic Order Quantity This constitutes the...

Economic Order Quantity This constitutes the quantity purchased of either raw materials or stocks which is considered most optimum. It is the quantity such minimizes both ord

Change in working capital, Current assets 180.00   ...

Current assets 180.00   232.00 Less: Current Liabilities 80.00   105.00 Working Capital

Differential exploitation account, initial stock.=21,926,150 purchases.=361...

initial stock.=21,926,150 purchases.=361,550,000 other expenses=207,000,000 operatig profit=34,500,000 sqles=600,000,000 disc received=23,976,150 final stock=1000,000 variable exp

labour cost as the focus, Using  labour  cost  as  the  focus,  discus...

Using  labour  cost  as  the  focus,  discuss  the  differences  in  the measurement  of  labour efficiency / effectiveness where (i)  total quality management techniques and (ii)

Financially acceptable, Suppose that you are the chief financial officer at...

Suppose that you are the chief financial officer at Porter Memorial Hospital.  The CEO has asked you to analyze two proposed capital investment-Project X and Project Y.  Every proj

Write Your Message!

Captcha
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