Accounts Receivable Turnover = Net Sales/Average Net Account Receivables Accounts receivable turnover ratio measures the effectiveness of a company in extending credit and collecting debts. It is an activity ratio that measures how efficiently a firm uses its assets. Year ABC DEF GHI Industry Average 2012 31‚ 053/988 = 31.43 16‚842/1‚282.5 = 13.13 5‚160/618 = 8.35 17.64 2013 32‚722/1‚042 = 31.4 18‚657/937 = 19.91 5‚858/494 = 11.86 21.06 In this table you see the accounts receivable turnovers from
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Full Disclosure Full Disclosure Since there have been many different scandals since 2001‚ the government decided that it would be best for companies to fully disclose any material on the financial statements that could alter the way an investor perceives a company. If a company does not fully disclose some pertinent information on their financial statements‚ then it may lead an investor to think that the company is more financially stable than what it really is. The first thing a company needs
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Cash or Not? Whether or not cash should be eliminated is a big debate in our world today. Cash should not be eliminated to provide for safer control of your money. Without cash‚ plenty of problems appear like acts of crime‚ not having banking connections‚ and having your personal information on record. To start off with‚ criminals and hacking progress as technology does. In the Upfront magazine article called "The End of Cash"‚ the author says‚ "Security experts worry‚ for example‚ that hackers could
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Human communication assignment 2 Self-disclosure Self-disclosure is both the conscious and subconscious act of revealing more about oneself to others. This may include‚ but is not limited to‚ thoughts‚ feelings‚ aspirations‚ goals‚ failures‚ successes‚ fears‚ dreams as well as one’s likes‚ dislikes‚ and favorites. Typically‚ a self-disclosure happens when we initially meet someone and continues as we build and develop our relationships with people. As we get to know each other‚ we disclose information
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Percent Comparison Grains Intake 2.3 oz equivalent 38 % 6.0 oz equivalent Grains Recommendation Vegetables Intake 0.9 cup equivalent 38 % 2.5 cup equivalent Vegetables Fruits Intake 0.6 cup equivalent 43 % 1.5 cup equivalent Fruits Recommendation Dairy Intake 0.0 cup equivalent 0 % 3.0 cup equivalent Dairy Recommendation Protein Foods Intake * Amount 8.2 oz equivalent 163 % 5.0 oz equivalent Protein Foods Recommendation Make Half
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The AICPA term “spousal equivalent” seems to be open to interpretation. Left to my own senses‚ I found in an internet search the Free Dictionary version of what a “spousal equivalent” is. According to the definition‚ a spousal equivalent is “a person (not necessarily a spouse) with whom you cohabit and share a long-term sexual relationship”. This definition leaves a lot to be desired and can be interpreted and misled in many directions. Just because one cohabitates with someone else (regardless
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AP-3: ⇒Audit Program for Accounts Receivable Company Balance Sheet Date | | | The company has the following general ledger accounts that are classified in the accounts‚ notes‚ or other receivables captions of the | |balance sheet:
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operation. The company ’s cash and cash equivalents consist of cash on hand and highly liquid debt securities with original maturities of three months or less. (p. 41) The company has changed their strategy from 2005 where their cash was generated from net earnings and improved working capital management as domestic segment merchandise inventory levels were reduced and merchandise payable increased. In 2006‚ cash was generated through net earnings plus adjustments for non-cash items. They also increased
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for any two capacitors in parallel? Why? 3. You have two capacitors of 0.40 F and 0.60 F. a) What is the equivalent capacitance if you add them in series? b) What is the equivalent capacitance if you add them in parallel? 4. Three capacitors: 0.20 F‚ 0.08 F and 0.40 F‚ are connected in series and attached to a 12 V battery. a) What is the total equivalent capacitance of this arrangement? b) What charge accumulates on each capacitor? c) What is the voltage across
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writing off 2‚500 worth of uncollectible accounts. Further analysis of the company’s accounts showed that merchandise purchased in 2007 amounted to 450‚000 and ending inventory was 75‚000. Goods were sold at 40% above cost. 80% of total sales were on account. Total collections from customers‚ on the other hand‚ excluding proceeds from cash sales‚ amounted to 300‚000. By how much would the A/R and ADA accounts be misstated at the end of December 31‚ 2007? Problem 8-31 The following data are available
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