Note 5 to CAE's financial statements shows that the accounts receivable balance shown on the balance sheet isn't exclusively accounts receivable. What other amounts are included in the accounts receivable balance? What proportion of the total do these other amounts rep resent? What are accounts receivable versus other types of receivables? Do you think knowing the amounts of the different types of receivables is important? Explain.
Answer to relevant QuestionsCalculate CAE's accounts receivable turnover ratio for the years ended March 31, 2012 and 2011. What is the average collection period of accounts receivable for the two years? Do the accounts receivable turnover ratio and ...The second paragraph under accounts receivable in Note 1 explain that CAE is involved in a program in which can sell some of its accounts receivable. What's the maximum amount CAE can receive under the program? Why do you ...Regardless of the cost formula being used (FIFO, average cost, specific identification), the sum of cost of sales plus ending inventory will be the same. Explain why.How does the choice of cost formula affect financial ratios such as the inventory turnover ratio and the current ratio? Does the choice have any effect on the actual rate at which an entity's inventory turns over or the ...Why is the choice of the inventory cost formula important for tax purposes? Explain.
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