The accounts receivable turnover is 8.14, and average net receivables during the period are $400,000. What is
Question:
Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 68% (19 reviews)
Turnover 814 Net receiva...View the full answer
Answered By
Asim farooq
I have done MS finance and expertise in the field of Accounting, finance, cost accounting, security analysis and portfolio management and management, MS office is at my fingertips, I want my client to take advantage of my practical knowledge. I have been mentoring my client on a freelancer website from last two years, Currently I am working in Telecom company as a financial analyst and before that working as an accountant with Pepsi for one year. I also join a nonprofit organization as a finance assistant to my job duties are making payment to client after tax calculation, I have started my professional career from teaching I was teaching to a master's level student for two years in the evening.
My Expert Service
Financial accounting, Financial management, Cost accounting, Human resource management, Business communication and report writing. Financial accounting : • Journal entries • Financial statements including balance sheet, Profit & Loss account, Cash flow statement • Adjustment entries • Ratio analysis • Accounting concepts • Single entry accounting • Double entry accounting • Bills of exchange • Bank reconciliation statements Cost accounting : • Budgeting • Job order costing • Process costing • Cost of goods sold Financial management : • Capital budgeting • Net Present Value (NPV) • Internal Rate of Return (IRR) • Payback period • Discounted cash flows • Financial analysis • Capital assets pricing model • Simple interest, Compound interest & annuities
4.40+
65+ Reviews
86+ Question Solved
Related Book For
Accounting Principles
ISBN: 9781118566671
11th Edition
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
Question Posted:
Students also viewed these Accounting questions
-
The accounts receivable turnover ratio is 8.14, and average net receivables during the period are $400,000. What is the amount of net credit sales for the period?
-
The accounts receivable turnover ratio is 8.14, and average net receivables during the period are $400,000.What is the amount of net credit sales for the period?
-
The accounts receivable turnover increased, while the number of days sales in receivables decreased for the current year for Nackerud Co. Are changes for the current year good or bad? Explain.
-
The lengths of the three sides of a triangle (in feet )are consecutive even integers. If the perimeter is 96 feet, find the value of the shortest of the three side lengths.
-
What is the purpose of a matrix-matched standard in laserinduced breakdown spectroscopy?
-
Growth in online retail sales has been outstripping conventional sales in retail stores. This online sales growth might be enhanced significantly by the latest online sales phenomenon of mobile...
-
Frosting of evaporator tubes results in (a) increased heat transfer rate (b) decreased heat transfer rate (c) increased compressor pressure (d) decreased compressor pressure
-
The following account titles and balances were taken from the adjusted trial balance of King Co. for 2016. The company uses the periodic inventory system. Account Title ..............Balance Sales...
-
4- Consider a 32Mx8 SDRAM chip shown below 8-bit chunk Rows =8k Banks =4 Columns =1k (a) Suppose a PC has a 64-bit system (i.e., memory) bus. How many 32Mx8 SDRAM chips would be required to implement...
-
General Proof of the Work-Energy Theorem Consider a particle that moves along a curved path in space from (x1, y1, z1) to (X2, Y2,Z2) At the initial point, the particle bas velocity it = v,i + v,, +...
-
Borke Company has a credit balance of $3,000 in Allowance for Doubtful Accounts. The estimated bad debt expense under the percentage-of-sales basis is $4,100. The total estimated uncollectibles under...
-
What percentage does Apples allowance for doubtful accounts represent as a percentage of its gross receivables?
-
What do you believe are the security and privacy issues associated with placing RFID chips in clothing? How would you feel if the RFID chip remained in your clothing while you were wearing it?
-
What is the role of the financial system? Name and describe two markets that are part of the financial system in the economy of the country in which you are studying. What is a financial...
-
In purchasing, when someone acts with authority that they don't formally possess, is this known as apparent or actual authority?
-
In purchasing, a bid or cost estimate provided by a potential supplier is commonly called a what?
-
Who has greater authority, a sales representative or a sales agent?
-
What is the holistic approach, and how is it related to anthropology and its four subfields, as well as to other disciplines?
-
Which of the following is a strong Arrhenius acid: HNO 3 (aq), H 2 CO 3 (aq), or H 3 PO 4 (aq)?
-
Is times interest earned meaningful for utilities? Why or why not?
-
Repeat Problem 5.45 for the \(500 \mathrm{kV}\) line given in Problem 5.10. Problem 5.45 For the line in Problems 5.14 and 5.38, determine (a) the practical line loadability in \(\mathrm{MW}\),...
-
The following is an excerpt from a conversation between Kay Scott and Jeff Lee just before they boarded a flight to London on Delta Air Lines. They are going to London to attend their companys annual...
-
Several years ago, your brother opened Granite Appliance Repairs. He made a small initial investment and added money from his personal bank account as needed. He withdrew money for living expenses at...
-
Obtain a copy of your college or Universitys student code of conduct. In group of three or four, answer the following question: 1. Compare this code of conduct with the accountants Codes of...
-
10. 11. 12. 13. You can afford monthly payments of $400. If current mortgage rates are 2.87% for a 15-year fixed rate loan, how much can you afford to borrow? If you are required to make a 20% down...
-
4. Net present value of PV vs. location: This problem asks you to calculate the NPV (net present value) of a PV installation as a function of the simple payback time T and of the system lifetime 7....
-
The role of CFO at Mt. Sterling Drug Company, a dynamic pharmaceutical wholesaler. The market is becoming fiercely competitive, with rivals extending various incentives, including credit terms that...
Study smarter with the SolutionInn App