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 of Company H and Incorporation T for 2011.

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Answer 1

Question

Chapter 8, Problem 8.2BYP

(a)

(1)

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 of Company H and Incorporation T for 2011.

(2)

To determine

To calculate: The average collection period of Company H, and Incorporation T for 2011.

(b)

To determine

To conclude: The Efficiency of management in handling accounts receivable.

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Supply costs at Coulthard Corporation's chain of gyms are listed below: Client-Visits Supply Cost March 11,654 $ 28,435 April 11,450 $ 28,344 May 11,982 $ 28,583 June 12,700 $ 28,906 July 11,714 $ 28,462 August 11,200 $ 28,231 September 11,994 $ 28,588 October 11,685 $ 28,449 November 11,833 $ 28,516 Management believes that supply cost is a mixed cost that depends on client visits. Use the high-low method to estimate the variable and fixed components of this cost Compute the variable component first, rounding off to the nearest whole cent. Then compute the fixed component, rounding off to the nearest whole dollar. Those estimates are: A. $2.14 per client visit; $28,463 per month. B. $1.03 per client visit; $16,133 per month. C. $0.49 per client visit; $22,686 per month. D. $0.45 per client visit; $23,191 per month.

Answer 2

Question

Chapter 8, Problem 8.2BYP

(a)

(1)

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 of Company H and Incorporation T for 2011.

(2)

To determine

To calculate: The average collection period of Company H, and Incorporation T for 2011.

(b)

To determine

To conclude: The Efficiency of management in handling accounts receivable.

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Answer 3

Question

Chapter 8, Problem 8.2BYP

(a)

(1)

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 of Company H and Incorporation T for 2011.

(2)

To determine

To calculate: The average collection period of Company H, and Incorporation T for 2011.

(b)

To determine

To conclude: The Efficiency of management in handling accounts receivable.

Expert Solution & Answer

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Answer 4

Question

Chapter 8, Problem 8.2BYP

(a)

(1)

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 of Company H and Incorporation T for 2011.

(2)

To determine

To calculate: The average collection period of Company H, and Incorporation T for 2011.

(b)

To determine

To conclude: The Efficiency of management in handling accounts receivable.

Expert Solution & Answer

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Answer 5

Chapter 8, Problem 8.2BYP

(a)

(1)

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 of Company H and Incorporation T for 2011.

(2)

To determine

To calculate: The average collection period of Company H, and Incorporation T for 2011.

(b)

To determine

To conclude: The Efficiency of management in handling accounts receivable.

Answer 6

Chapter 8, Problem 8.2BYP

(a)

(1)

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 of Company H and Incorporation T for 2011.

Answer 7

Chapter 8, Problem 8.2BYP

(a)

(1)

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 of Company H and Incorporation T for 2011.

Answer 8

(2)

To determine

To calculate: The average collection period of Company H, and Incorporation T for 2011.

Answer 9

(2)

To determine

To calculate: The average collection period of Company H, and Incorporation T for 2011.

Answer 10

(b)

To determine

To conclude: The Efficiency of management in handling accounts receivable.

Answer 11

(b)

To determine

To conclude: The Efficiency of management in handling accounts receivable.

Answer 12

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Answer 13

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Answer 14

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Answer 15

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To calculate: The average collection period of Company H, and Incorporation T for 2011.

To conclude: The Efficiency of management in handling accounts receivable.

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