Company average collection period, Accounting Basics

+44 141 628 6080
[email protected]

Company average collection period

Granger Company had $180,000 in sales on account last year. The beginning accounts receivable balance was $10,000 and the ending accounts receivable balance was $18,000. The company's average collection period (age of receivables) was closest to:

a. 20.28 days.

b. 28.39 days.

c. 36.50 days.

d. 56.78 days.

Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Company average collection period

Reference No:- TGS096387

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Accounting Basics

Q : Income from operations before service department

Income from operations for division K is 120,000, and income from operations before service department charge is 975,000 therefore:

Q : Explain how to calculate the p-value for the test

Explain how you would calculate the p-value for this test. Why does this not allow us to infer anything about the national level of support for the party A's?

Q : How direct costs of special fund raising events

Explain or illustrate how the direct costs of these special fund raising events atre to be reported. Also, may these nongovernment organizations report the special event using the net method?

Q : Find trimmed mean-mode-sample standard deviation

Enter the data and use the appropriate commands to find the mean, median, mode, sample standard deviation, population standard deviation, 10% trimmed mean, and data count.

Q : Company average collection period

Q : Explain population represented by the sample

The sample was collected by interviewers going to people's homes in randomly chosen areas in each of the 9 countries. The population represented by this sample was?

Q : Company accounts receivable turnover

Frantic Company had $130,000 in sales on account last year. The beginning accounts receivable balance was $10,000 and the ending accounts receivable balance was $16,000. The company's accounts receivable turnover was closest to:

Q : Prepaid expenses and inventories

The company has no prepaid expenses and inventories remained unchanged during the year. Based on these data, the company's inventory turnover ratio for the year was closest to:

Q : Company return on total assets for the year

Braverman Company's net income last year was $75,000 and its interest expense was $10,000. Total assets at the beginning of the year were $650,000 and total assets at the end of the year were $610,000. The company's income tax rate was 30%. The co

1940385

Questions
Asked

3,689

Active Tutors

1421742

Questions
Answered

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

ask Question

Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Company average collection period

Reference No:- TGS096387

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Income from operations before service department

Q : Explain how to calculate the p-value for the test

Q : How direct costs of special fund raising events

Q : Find trimmed mean-mode-sample standard deviation

Q : Company average collection period

Q : Explain population represented by the sample

Q : Company accounts receivable turnover

Q : Prepaid expenses and inventories

Q : Company return on total assets for the year

What are the key truths god intends to communicate

How does that characters story relate to a personal struggle

Which author said that sports can be thought of as religion

Providing care that respects others spiritual and religious

Construct a response to a new religious movement

Explain ropkes thought

How would you define altruism

Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Company average collection period

Reference No:- TGS096387

Recent Questions Asked Accounting Basics

Q : Income from operations before service department

Q : Explain how to calculate the p-value for the test

Q : How direct costs of special fund raising events

Q : Find trimmed mean-mode-sample standard deviation

Q : Company average collection period

Q : Explain population represented by the sample

Q : Company accounts receivable turnover

Q : Prepaid expenses and inventories

Q : Company return on total assets for the year

Asked Questions