Solved: Calculating the average collection period ordonez lumber, Finance Basics

+44 141 628 6080
[email protected]

Calculating the average collection period ordonez lumber

Question: Calculating the Average Collection Period. Ordonez Lumber Yard has a current accounts receivable balance of $583,174. Credit sales for the year just ended were $6,787,626. What is the receivables turnover? The days' sales in receivables? How long did it take on average for credit customers to pay off their accounts during the past year?

Solution Preview :

Prepared by a verified Expert

Finance Basics: Calculating the average collection period ordonez lumber

Reference No:- TGS02523333

Now Priced at $10 (50% Discount)

Recommended (91%)

Rated (4.3/5)

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Finance Basics

Q : Required calculate the estimated break-even point in units

question -part a - wollongong pathology is a medical testing laboratory situated in wollongong dr curin strong the ceo

Q : Calculating market value ratios rossdale inc had additions

question calculating market value ratios rossdale inc had additions to retained earnings for the year just ended of

Q : Calculating inventory turnover bobaflex corporation has

question calculating inventory turnover bobaflex corporation has ending inventory of 527156 and cost of goods sold for

Q : Develop an audit recommendation for this company giving

q1 how do you think the relationship between it auditing and fraud investigation you have been asked to assist with an

Q : Calculating the average collection period ordonez lumber

question calculating the average collection period ordonez lumber yard has a current accounts receivable balance of

Q : What is the basic accounting equation for balance sheet

question - what is the basic accounting equation for balance sheet presentations what is the basic accounting equation

Q : Calculating profitability ratios aguilera inc has sales of

question calculating profitability ratios aguilera inc has sales of 135 million total assets of 87 million and total

Q : What is a static budget what is a flexible budget how does

part a -1 what is a static budget2 what is a flexible budget how does a flexible budget differ from a static budgetpart

Q : Financial statement analysis you are examining the

question financial statement analysis you are examining the common-size income statements for a company for the past

1933437

Questions
Asked

3,689

Active Tutors

1426223

Questions
Answered

Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!

ask Question

Asked Questions

Reviewing your cliftonstrengths themes

After reviewing your CliftonStrengths themes in-depth and exploring the various mission statements/purpose statements from this module,

How level of parental involvement impact middle school

How does the level of parental involvement impact middle school students' academic performance and overall educational experience?

Problem regarding beginning of narrative therapy

Problem: At the beginning of narrative therapy, questions are focused on which of the following?

Compare independent variables, dependent variables

Problem: Compare independent variables, dependent variables, and extraneous variables.

Research the major social and emotional milestones

Resources: CDC's Developmental Milestones | CDC Although children develop at different rates, the CDC has published a list of milestones

Comment on parenthetical style

Comment on Parenthetical style: "The inclusion of plants in an indoor environment may positively impact our psychological response

Explains that he is late because of traffic

Question: When Joe shows up late to meet his friends for dinner, he explains that he is late because of traffic.