Question: Unique Co., Inc., the electronics and appliance chain, reported these figures in millions of dollars: Requirements 1. Compute Uniques days sales in receivables or days

Unique Co., Inc., the electronics and appliance chain, reported these figures in millions of dollars:

Requirements
1. Compute Unique€™s days€™ sales in receivables or days€™ sales outstanding (DSO) during 2013.
2. Is Unique€™s DSO long or short? Zion Networks takes 39 days to collect its average level of receivables. QuickShip, the overnight shipper, takes 33 days. What causes Unique€™s collection period to be sodifferent?

2013 2012 Net sales... Receivables at end of year . S570,500 $602,000 4,210 3,870

Step by Step Solution

★★★★★

3.26 Rating (167 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

Req 1 Average collection period Millions of dollars One days sales ... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Document Format (1 attachment)

247-B-A-I (3379).docx

120 KBs Word File

Students Have Also Explored These Related Accounting Questions!

Assume Loblaw Companies Limited reported these figures in millions of dollars: Requirements 1. Compute Loblaw's average collection period during 2014. 2. Was Loblaw's collection period long or short?...

Assume Loblaw Companies Limited reported these figures in millions of dollars: _________________________________________________2017 ________2016 Net...

The plot shows total payroll in millions of dollars for the 30 major league teams of professional baseball sorted by league (National or American) and division (East, Central, West). a. Identify the...

City Electronics Co., Inc., an electronics and appliance chain, reported these figures in millions of dollars: Requirements 1. Compute City Electronics days sales in receivables or days sales...

Toast Co., Inc., an electronics and appliance chain, reported these figures in millions of dollars: 2017 Net sales................. ..............$ 370,975 $ . Receivables at end of year................

Norfolk Co., Inc., an electronics and appliance chain, reported these figures in millions of dollars: 3(Click the icon to view the data.) Read the requirements. Requirement 1. Compute Norfolk's days'...

Options: 1. Much longer than or Much shorter than 2. Offer extended payment terms to customer or sell for cash and on credit card 3. high or low Geneva Co., Inc., an electronics and appliance chain,...

Creative Co., Inc., the electronics and appliance chain, reported these figures in millions of dollars: Requirements 1. Compute Creatives days sales in receivables, or days sales outstanding (DSO)...

Geneva Co., Inc., an electronics and appliance chain, reported these figures in millions of dollars: Requirements 1. Compute Genevas days sales in receivables or days sales outstanding (DSO) during...

Jennings Co., Inc., an electronics and appliance chain, reported these figures in millions of dollars: Requirements 1. Compute Jennings days sales in receivables or days sales outstanding (DSO)...

Dr. Ruth is going to borrow $1800 to help write a book. The loan is for one year and the money can be borrowed at the prime rate or LIBOR. Assume that the prime rate is 8 percent and LIBOR is 2.5...

FLY Company is a partnership owned by FuadLabeeb, and Yaser with capital balances of $40,000 35,000, and $ 50,000 respectively, on 31/12/2021, before closing the accounts of the year. For 2021the...

Hindelang Inc. is considering a project that has the following cash flow and WACC data. What is the project's MIRR? \ table [ [ WACC , 8 . 0 0 % , , , , ] , [ Year , 0 , 1 , 2 , 3 , 4 ] , [ Cash...

What would your general recommendations be relative to building a leading coalition, communication plan, levels of participation, and types of incentives?

How do documentation procedures contribute to good internal control?

(a) Explain the control principle of independent internal verification. (b) What practices are important in applying this principle?

What principle(s) of internal control is (are) involved in making daily cash counts of over-the-counter receipts?

Here is the link for texmessages.rds dataset. Please comment below if you have problems accessing it. please help me with the solution and rcode....

Choose the correct response(s) i. For bonds selling at par (face) value, the price of the bond is equal to the face value of the bond. ii. For bonds selling at a discount, the bond's yield is greater...

Happy Books sells paperback books for $7 each. The variable cost per book is $5. At current annual sales of 200,000 books, the publisher is just breaking even. It is estimated that if the authors'...