If a company has substantial cash sales and credit sales, is there any meaning to the receivable
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 70% (17 reviews)
The liquidity of the receivables will be overstated if the sal...View the full answer
Answered By
JAPHETH KOGEI
Hi there. I'm here to assist you to score the highest marks on your assignments and homework. My areas of specialisation are:
Auditing, Financial Accounting, Macroeconomics, Monetary-economics, Business-administration, Advanced-accounting, Corporate Finance, Professional-accounting-ethics, Corporate governance, Financial-risk-analysis, Financial-budgeting, Corporate-social-responsibility, Statistics, Business management, logic, Critical thinking,
So, I look forward to helping you solve your academic problem.
I enjoy teaching and tutoring university and high school students. During my free time, I also read books on motivation, leadership, comedy, emotional intelligence, critical thinking, nature, human nature, innovation, persuasion, performance, negotiations, goals, power, time management, wealth, debates, sales, and finance. Additionally, I am a panellist on an FM radio program on Sunday mornings where we discuss current affairs.
I travel three times a year either to the USA, Europe and around Africa.
As a university student in the USA, I enjoyed interacting with people from different cultures and ethnic groups. Together with friends, we travelled widely in the USA and in Europe (UK, France, Denmark, Germany, Turkey, etc).
So, I look forward to tutoring you. I believe that it will be exciting to meet them.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Financial Reporting and Analysis Using Financial Accounting Information
ISBN: 978-1439080603
12th Edition
Authors: Charles H Gibson
Question Posted:
Students also viewed these Accounting questions
-
If a company has positive working capital, will its current ratio always be greater than 1? Explain.
-
If a company has a tax rate of 30 percent and interest expense was $10,000, what is the after-tax cost of the debt?
-
If a company has numerous long-term construction contracts for which it cannot reliably estimate the costs to complete, would it recognize more or less revenue under IFRS relative to U.S. GAAP? Why?
-
Prepare an adjusted trial balance on May 31. Wildhorse's Hotel opened for business on May 1, 2022. Its trial balance before adjustment on May 31 is as follows. Account Number 101 126 130 140 141...
-
What are the sources of big data for text analytics?
-
Two capital goods manufacturing companies, Rock Island and Davenport, are virtually identical in all aspects of their operations'product lines, amount of sales, total size, and so on. The two...
-
Consider a payoff \(C\) that will occur in 2 years, taking one of the three possible values \(C_{0}, C_{1}, C_{2}\). The short rate lattice for these 2 years is shown in Figure 16.16, with \(d_{i...
-
The following information relates to Shirley Corporation's transactions during 2017, its first year of operations. 1. Income before income tax on the income statement for 2017 was $64,000. 2. Income...
-
Wing Sporting Goods (WSG) is a small company that makes two models of a metal baseball bat-Sport and Collegiate. Both models are produced on a single machine. The price and costs of the two models...
-
Give a big-Oh characterization, in terms of n, of the running time of the example1 function shown in Code Fragment 3.10. 1 def example1(S): "Return the sum of the elements in sequence S.""" n =...
-
A company that uses a natural business year, or ends its year when business is at a peak, will tend to distort the liquidity of its receivables when end-of-year and beginning-of-year receivables are...
-
Describe the difference in inventories between a firm that is a retail company and a firm that is a manufacturing concern.
-
Two jointly Gaussian random variables, X and Y, have means of 1 and 2, and variances of 3 and 2, respectively. Their correlation coefficient is P xy = 0.2. A new random variable is defined as Z = 3X...
-
Watts and Strogatz proposed a hybrid model that contains typical links of vertices near each other (people know their geographic neighbors), plus some random long-range connection links. Plot the...
-
Given an array of \(n\) elements, give a linear-time algorithm to rotate the string \(k\) positions. That is, if the array contains \(a_{0}, a_{1}, \ldots, a_{n-1}\), the rotated array is \(a_{k},...
-
A random queue is a collection that supports the following API: Write a class RandomQueue that implements this API. Use a resizing array. To remove an item, swap one at a random position (indexed 0...
-
Write an ST client that creates a symbol table mapping letter grades to numerical scores, as in the table below, and then reads from standard input a list of letter grades and computes their average...
-
Implement a linear-time method height() that returns the maximum number of links on any path from the root to a leaf node (the height of a one-node tree is 0 ).
-
How do you define social media? Social media marketing?
-
Explain how two samples can have the same mean but different standard deviations. Draw a bar graph that shows the two samples, their means an standard deviations as error bars. T S
-
What are the dimensions of destination quality?
-
The following beginning balance sheet and statement of cash flows for 2007 are available for Fazzi Company: Required On the basis of this information, prepare a balance sheet for the Fazzi Company as...
-
The 2007 statement of cash flows for the Andell Company, as developed by its bookkeeper, is shown here: You determine that the amounts of the items listed on the statement are correct, but in certain...
-
The Hanks Company has prepared the following changes in account balances for the worksheet to support its 2007 statement of cash flows: Additional information: The net income was $1,300. Depreciation...
-
Using two-way Set-Associative mapping method, design two-way mapping for cache memory from main memory. Explain why you need each condition and show all intermediate calculation procedures. You must...
-
18) Under the proration approach, the sum of the amounts shown in the subsidiary ledgers will not match the amounts shown in the general ledger because no adjustments from budgeted to actual...
-
Simpson Auto Body Repair purchased $20,000 of Machinery. The company paid $8,000 in cash at the time of the purchase and signed a promissory note for the remainder to be paid in four monthly...
Study smarter with the SolutionInn App