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

Cash budget - budgetary planning and control, Cash Budget - Budgetary Plann...

Cash Budget - Budgetary Planning and Control This can records the cash outflows and inflows that are expected to take place in respect of every functional budget. This may be

#title, compare tradition costing and activity costing methods of overhead...

compare tradition costing and activity costing methods of overheads abpsrption based on production units,labour hourd and machine hours

Uniform Capitalization rules, Are public service corporations subject to un...

Are public service corporations subject to uniform capitalization rules?

Find the amount of retained earnings at december, From the information prov...

From the information provided, determine: 1.) The amount of retained earnings at December 31 and 2.) The amount of revenues for the period. Additional data:1.)Expenses for the peri

Machining costing, what are the factor for setting costing for a certain ma...

what are the factor for setting costing for a certain machining job

Valuation of inventory or closing and issues stocks, Valuation of Inventory...

Valuation of Inventory or Closing and Issues Stocks Valuation of inventory aims on attaching a monetary value in the issued or stores for production. It is useful in producing

You should be willing to pay the worker , You are the manager of a firm tha...

You are the manager of a firm that sells output at a price of $40 per unit. You are interested in hiring a new worker who will increase your firm's output by 2,000 units per year.

Definitions of manufacturing concepts, Interstate Manufacturing produces br...

Interstate Manufacturing produces brass fasteners and incurred the following costs for the year just ended: Materials and supplies used Brass $75,000 Repair parts 16,000

Calculate the break-even in units under each option, o locate a store, but ...

o locate a store, but the location manager is not sure about the rent method to accept. The mall operator offers the following three options for its retail store rentals: 1. paying

Material cost, distinguish between bin card and store ledgre

distinguish between bin card and store ledgre

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