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 CS and Corporation VF for 2014.

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Answer 1

Question

Chapter 8, Problem 8.2EYCT

(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 CS and Corporation VF for 2014.

(a) (2)

To determine

To calculate: The average collection period of Company CS, and Corporation VF for 2014.

(b)

To determine

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

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Delphi Corporation disposed of an asset at the end of the sixth year of its estimated life for $9,200 cash. The asset's life was originally estimated to be 8 years. The original cost was $42,600 with an estimated residual value of $3,400. The asset was being depreciated using the straight-line method. What was the gain or loss on the disposal? HELP

Answer 2

Question

Chapter 8, Problem 8.2EYCT

(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 CS and Corporation VF for 2014.

(a) (2)

To determine

To calculate: The average collection period of Company CS, and Corporation VF for 2014.

(b)

To determine

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

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Answer 3

Question

Chapter 8, Problem 8.2EYCT

(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 CS and Corporation VF for 2014.

(a) (2)

To determine

To calculate: The average collection period of Company CS, and Corporation VF for 2014.

(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 8.2EYCT

(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 CS and Corporation VF for 2014.

(a) (2)

To determine

To calculate: The average collection period of Company CS, and Corporation VF for 2014.

(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 8.2EYCT

(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 CS and Corporation VF for 2014.

(a) (2)

To determine

To calculate: The average collection period of Company CS, and Corporation VF for 2014.

(b)

To determine

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

Answer 6

Chapter 8, Problem 8.2EYCT

(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 CS and Corporation VF for 2014.

Answer 7

Chapter 8, Problem 8.2EYCT

(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 CS and Corporation VF for 2014.

Answer 8

(a) (2)

To determine

To calculate: The average collection period of Company CS, and Corporation VF for 2014.

Answer 9

(a) (2)

To determine

To calculate: The average collection period of Company CS, and Corporation VF for 2014.

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 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 ratio of Company CS and Corporation VF.

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To calculate: The average collection period of Company CS, and Corporation VF for 2014.

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

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