Accounts receivable turnover Accounts receivable turnover is a liquidity measure of accounts receivable in times, which is calculated by dividing the net credit sales by the average amount of net accounts receivables. In simple, it indicates the number of times the average amount of net accounts receivables collected during a particular period. Average collection period: Average collection period indicates the number of days taken by a business to collect its outstanding amount of accounts receivable on an average. To calculate: The accounts receivable turnover and average collection period for 2014 for Incorporation A.

Question

Want to see the full answer?

Answer 1

Question

Chapter 8, Problem 8.1EYCT

(a)

To determine

Accounts receivable turnover

Accounts receivable turnover is a liquidity measure of accounts receivable in times, which is calculated by dividing the net credit sales by the average amount of net accounts receivables. In simple, it indicates the number of times the average amount of net accounts receivables collected during a particular period.

Average collection period:

Average collection period indicates the number of days taken by a business to collect its outstanding amount of accounts receivable on an average.

To calculate: The accounts receivable turnover and average collection period for 2014 for Incorporation A.

(b)

To determine

To identify: whether Incorporation A has any potentially significant credit risks in 2014.

(c)

To determine

To conclude: The information from part (a) and (b).

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Students have asked these similar questions

Provide correct answer general Accounting question

I need help with accounting

Non

Answer 2

Question

Chapter 8, Problem 8.1EYCT

(a)

To determine

Accounts receivable turnover

Accounts receivable turnover is a liquidity measure of accounts receivable in times, which is calculated by dividing the net credit sales by the average amount of net accounts receivables. In simple, it indicates the number of times the average amount of net accounts receivables collected during a particular period.

Average collection period:

Average collection period indicates the number of days taken by a business to collect its outstanding amount of accounts receivable on an average.

To calculate: The accounts receivable turnover and average collection period for 2014 for Incorporation A.

(b)

To determine

To identify: whether Incorporation A has any potentially significant credit risks in 2014.

(c)

To determine

To conclude: The information from part (a) and (b).

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 3

Question

Chapter 8, Problem 8.1EYCT

(a)

To determine

Accounts receivable turnover

Accounts receivable turnover is a liquidity measure of accounts receivable in times, which is calculated by dividing the net credit sales by the average amount of net accounts receivables. In simple, it indicates the number of times the average amount of net accounts receivables collected during a particular period.

Average collection period:

Average collection period indicates the number of days taken by a business to collect its outstanding amount of accounts receivable on an average.

To calculate: The accounts receivable turnover and average collection period for 2014 for Incorporation A.

(b)

To determine

To identify: whether Incorporation A has any potentially significant credit risks in 2014.

(c)

To determine

To conclude: The information from part (a) and (b).

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 4

Question

Chapter 8, Problem 8.1EYCT

(a)

To determine

Accounts receivable turnover

Accounts receivable turnover is a liquidity measure of accounts receivable in times, which is calculated by dividing the net credit sales by the average amount of net accounts receivables. In simple, it indicates the number of times the average amount of net accounts receivables collected during a particular period.

Average collection period:

Average collection period indicates the number of days taken by a business to collect its outstanding amount of accounts receivable on an average.

To calculate: The accounts receivable turnover and average collection period for 2014 for Incorporation A.

(b)

To determine

To identify: whether Incorporation A has any potentially significant credit risks in 2014.

(c)

To determine

To conclude: The information from part (a) and (b).

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 5

Chapter 8, Problem 8.1EYCT

(a)

To determine

Accounts receivable turnover

Accounts receivable turnover is a liquidity measure of accounts receivable in times, which is calculated by dividing the net credit sales by the average amount of net accounts receivables. In simple, it indicates the number of times the average amount of net accounts receivables collected during a particular period.

Average collection period:

Average collection period indicates the number of days taken by a business to collect its outstanding amount of accounts receivable on an average.

To calculate: The accounts receivable turnover and average collection period for 2014 for Incorporation A.

(b)

To determine

To identify: whether Incorporation A has any potentially significant credit risks in 2014.

(c)

To determine

To conclude: The information from part (a) and (b).

Answer 6

Chapter 8, Problem 8.1EYCT

(a)

To determine

Accounts receivable turnover

Accounts receivable turnover is a liquidity measure of accounts receivable in times, which is calculated by dividing the net credit sales by the average amount of net accounts receivables. In simple, it indicates the number of times the average amount of net accounts receivables collected during a particular period.

Average collection period:

Average collection period indicates the number of days taken by a business to collect its outstanding amount of accounts receivable on an average.

To calculate: The accounts receivable turnover and average collection period for 2014 for Incorporation A.

Answer 7

Chapter 8, Problem 8.1EYCT

(a)

To determine

Accounts receivable turnover

Accounts receivable turnover is a liquidity measure of accounts receivable in times, which is calculated by dividing the net credit sales by the average amount of net accounts receivables. In simple, it indicates the number of times the average amount of net accounts receivables collected during a particular period.

Average collection period:

Average collection period indicates the number of days taken by a business to collect its outstanding amount of accounts receivable on an average.

To calculate: The accounts receivable turnover and average collection period for 2014 for Incorporation A.

Answer 8

(b)

To determine

To identify: whether Incorporation A has any potentially significant credit risks in 2014.

Answer 9

(b)

To determine

To identify: whether Incorporation A has any potentially significant credit risks in 2014.

Answer 10

(c)

To determine

To conclude: The information from part (a) and (b).

Answer 11

(c)

To determine

To conclude: The information from part (a) and (b).

Answer 12

Expert Solution & Answer

Answer 13

Expert Solution & Answer

Answer 14

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 15

Ch. 8 - What is the difference between an account...Ch. 8 - What are some common types of receivables other...Ch. 8 - What are the essential features of the allowance...Ch. 8 - Prob. 4Q Ch. 8 - Prob. 5Q Ch. 8 - Prob. 6Q Ch. 8 - Prob. 7Q Ch. 8 - Tawnya Dobbs, the vice president of sales for...Ch. 8 - Prob. 9Q Ch. 8 - Prob. 10Q

Solution Summary: The author calculates the accounts receivable turnover and average collection period for Incorporation A.

Videos

To identify: whether Incorporation A has any potentially significant credit risks in 2014.

To conclude: The information from part (a) and (b).

Want to see the full answer?

Chapter 8 Solutions