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

Advantages and disadvantages of designing an ic, Discuss the advantages and...

Discuss the advantages and disadvantages of designing an IC using VHDL and synthesis compared with the traditional design approach using schematic capture, simulation and layout.

Finance and logistics, responsibility of director of finance and logistics

responsibility of director of finance and logistics

Segment reporting, Juniper Ltd is a listed diversified company.  In prepari...

Juniper Ltd is a listed diversified company.  In preparing its financial statements in accordance with AASB 8, the chief operating officer has identified three operating segments:

Profit and loss account, Both the parts, Profit and Loss Account and Tradin...

Both the parts, Profit and Loss Account and Trading Account of last account are interdependent upon each other. Gross Profit or loss plays a very important role in the calculation

Find the amount capitalized for the patent account, Gomez incurred $350,000...

Gomez incurred $350,000 of research and development costs to develop a product for which a patent was granted on January 2, 2008. Legal fees and other costs associated with the re

Variable cost computation, cite some example on how to to calculate variabl...

cite some example on how to to calculate variable cost

Standard costing and variance analysis using kaizen costing, Discuss how SD...

Discuss how SD can use standard costing and variance analysis to prepare meaningful reports when using Kaizen Costing. By the use of standard costing and variance analysis, fr

Accounting, 1. Develop a list of tasks that a newly appointed CFO would be ...

1. Develop a list of tasks that a newly appointed CFO would be responsible for, including relevant reports they will access and review and the schedule for when this would occur.

Calculate the break-even level of sales, Me ole cock spaniel plc. makes 3 p...

Me ole cock spaniel plc. makes 3 products, details as follows:   Apples (£)       Pears (£)         Cockneys (£)   Selling price        60               80

Costing, costing in respect of mathematical accounting a research project.

costing in respect of mathematical accounting a research project.

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