(1) Compute days' sales uncollected. (Please don't just answer the questions. I'd like to know how this is solved, not just get the answers.)
Necessary Info:
Homework Answers
| Days sales uncollected is given by the formula: | ||||||||
| DSU = Average receivables*365/Credit sales | ||||||||
| Days' Sales Uncollected | ||||||||
| Choose Numerator: | / | Choose Denominator: | x | Days | = | Days' Sales Uncollected | ||
| Average receivables | / | Credit sales | x | 365 | = | Days sales uncollected | ||
| 2017 | 76400 | / | 643494 | x | 365 | = | 43.34 | days |
| (89900+62900)/2 | ||||||||
| 2016 | 59650 | / | 507797 | x | 365 | = | 42.88 | days |
| (62900+56400)/2 | ||||||||
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(1) Compute days' sales uncollected. (Please
don't just answer the questions. I'd like to know
how...
Chapter 13 Homepage Managerial Acetil apter 13 Homework Required information The following information applies to the...
Chapter 13 Homepage Managerial Acetil apter 13 Homework Required information The following information applies to the questions displayed below.) Simon Company's year-end balance sheets follow At December 31 2017 2016 2015 Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total asete Liabilities and Equity $ 29,951 $ 35,010 $ 37.221 89.300 62,900 51,200 111,500 84,500 57.000 9,645 9,190 4,136 282.957 259,566 238,043 $ 523,353 $ 451.166 $ 387,600 $ 126,405 73,960 $ 49.628 Long-term totes payable secured by...
Required information Exercise 13-8 Liquidity analysis and interpretation LO P3 [The following information applies to the...
Required information Exercise 13-8 Liquidity analysis and interpretation LO P3 [The following information applies to the questions displayed below.] Simon Companyâ€s year-end balance sheets follow. At December 31 2017 2016 2015 Assets Cash $ 26,619 $ 31,115 $ 32,412 Accounts receivable, net 89,000 62,100 53,200 Merchandise inventory 114,500 83,000 57,000 Prepaid expenses 8,572 8,168 3,601 Plant assets, net 217,041 208,489 184,487 Total assets $ 455,732 $ 392,872 $ 330,700 Liabilities and Equity Accounts payable $ 112,342 $ 65,731 $ 43,216...
Simon Company’s year-end balance sheets follow. At December 31 2017 2016 2015 Assets Cash $ 27,904 $ 32...
Simon Company’s year-end balance sheets follow.
At December 31
2017
2016
2015
Assets
Cash
$
27,904
$
32,617
$
34,676
Accounts receivable, net
89,700
62,600
59,700
Merchandise inventory
113,000
83,000
54,000
Prepaid expenses
8,986
8,562
3,853
Plant assets, net
247,981
233,541
208,871
Total assets
$
487,571
$
420,320
$
361,100
Liabilities and Equity
Accounts payable
$
117,763
$
68,903
$
46,235
Long-term notes payable secured by
mortgages on plant assets
88,913
93,773
77,409
Common stock, $10 par value
162,500
162,500...
Required information [The following information applies to the questions displayed below.] Simon Company’s year-end balance sheets...
Required information [The following information applies to the questions displayed below.] Simon Company’s year-end balance sheets follow. At December 31 2017 2016 2015 Assets Cash $ 33,443 $ 39,092 $ 41,136 Accounts receivable, net 89,200 62,600 55,400 Merchandise inventory 115,000 85,000 56,000 Prepaid expenses 10,770 10,262 4,571 Plant assets, net 329,991 301,670 266,893 Total assets $ 578,404 $ 498,624 $ 424,000 Liabilities and Equity Accounts payable $ 141,142 $ 82,582 $ 54,849 Long-term notes payable secured by mortgages on plant...
Exercise 13-8 Liquidity analysis and interpretation LO P3 [The following information applies to the questions displayed...
Exercise 13-8 Liquidity analysis and interpretation LO P3 [The following information applies to the questions displayed below Simon Company's year-end balance sheets follow Assets Cash Accounts receivable, net Nerchandise inventory Prepaid expenses Plant assets, net Total assets $25,396 $ 29,685 30,922 89,90063,000 57,000 110,500 84,000 60,000 8,1787,7923,436 200,810 190,337 164,142 $ 434,784 $374,814 $ 315,500 Liabilities and Equity Accounts payable Long-tern notes payable secured by 107,179 5 62,710 $ 41,230 mortgages on plant assets Common stock, $10 par value 80,922...
The following information applies to the questions displayed below Simon Company's year-end balance sheets follow At...
The following information applies to the questions displayed below Simon Company's year-end balance sheets follow At December 31 2817 2816 2015 Part 1 of 4 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by 35,323 41,290 $ 41,745 90,0 62,70 57,68e 111,580 84,580 53,680 11,375 10,839 4,638 338,764 306,673 256,417 $586,962 $506,082 $413,480 10 points 149,877 87,225 55,660 mortgages on plant assets Common stock, $18...
Exercise 17-8 Liquidity analysis and interpretation LO P3 [The following information applies to the questions displayed...
Exercise 17-8 Liquidity analysis and interpretation LO P3 [The following information applies to the questions displayed below.j Simon Company's year-end balance sheets follovw At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets 2017 $ 31,800 35,625 $37,800 50,200 54,000 5,000 278, 500 255,000 230,500 $523,000 $445,000 377,500 89,500 62,500 112,500 82,500 9,375 10,700 Liabilities and Equity Accounts payable Long-term notes payable secured by $129,900 75,250 $ 51,250 mortgages on plant assets Common...
[The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. At...
[The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. At December 31 2017 2016 2015 Assets Cash 27,664 $ 89,400 32,336 $ 62,7ee 84, eee 8,488 32,375 52,1ee Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net 113,50e 59,eee 8,909 215,746 3,597 284,906 170,428 455,219 $ 392,430 Total assets 317,5ee Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings 116,750 $...
Required information Exercise 13-8 Liquidity analysis and interpretation LO P3 [The following information applies to the...
Required information Exercise 13-8 Liquidity analysis and interpretation LO P3 [The following information applies to the questions displayed below.) Simon Company's year-end balance sheets follow. 2017 2016 2015 At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 32,230 $ 37,673 $ 39,243 89,400 62,800 50, 100...
Simon Company's year-end balance sheets follow $ 26,172$30,593 $30,930 58,800 83,50056,000 89,700 110,000 8,428 62,800 Accounts receivable, net se inventory 3,437 200,597 189,987 157,133 $...
Simon Company's year-end balance sheets follow $ 26,172$30,593 $30,930 58,800 83,50056,000 89,700 110,000 8,428 62,800 Accounts receivable, net se inventory 3,437 200,597 189,987 157,133 $ 434,897 $374,911 $ 306,30e 8,031 Prepaid expenses Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by $ 110,455 $ 64,627$ 41,240 mortgages on plant assets Common stock, $1e par value Retained earnings Total liabilities and equity 83,396 87,954 69,046 162,500 162,500 162,500 33,514 $ 434,897 $ 374,911 $306,300 78,546 59,830 The company's...
Chapter 13 Homepage Managerial Acetil apter 13 Homework Required information The following information applies to the questions displayed below.) Simon Company's year-end balance sheets follow At December 31 2017 2016 2015 Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total asete Liabilities and Equity $ 29,951 $ 35,010 $ 37.221 89.300 62,900 51,200 111,500 84,500 57.000 9,645 9,190 4,136 282.957 259,566 238,043 $ 523,353 $ 451.166 $ 387,600 $ 126,405 73,960 $ 49.628 Long-term totes payable secured by...
Simon Company’s year-end balance sheets follow.
At December 31
2017
2016
2015
Assets
Cash
$
27,904
$
32,617
$
34,676
Accounts receivable, net
89,700
62,600
59,700
Merchandise inventory
113,000
83,000
54,000
Prepaid expenses
8,986
8,562
3,853
Plant assets, net
247,981
233,541
208,871
Total assets
$
487,571
$
420,320
$
361,100
Liabilities and Equity
Accounts payable
$
117,763
$
68,903
$
46,235
Long-term notes payable secured by
mortgages on plant assets
88,913
93,773
77,409
Common stock, $10 par value
162,500
162,500...
Exercise 13-8 Liquidity analysis and interpretation LO P3 [The following information applies to the questions displayed below Simon Company's year-end balance sheets follow Assets Cash Accounts receivable, net Nerchandise inventory Prepaid expenses Plant assets, net Total assets $25,396 $ 29,685 30,922 89,90063,000 57,000 110,500 84,000 60,000 8,1787,7923,436 200,810 190,337 164,142 $ 434,784 $374,814 $ 315,500 Liabilities and Equity Accounts payable Long-tern notes payable secured by 107,179 5 62,710 $ 41,230 mortgages on plant assets Common stock, $10 par value 80,922...
The following information applies to the questions displayed below Simon Company's year-end balance sheets follow At December 31 2817 2816 2015 Part 1 of 4 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by 35,323 41,290 $ 41,745 90,0 62,70 57,68e 111,580 84,580 53,680 11,375 10,839 4,638 338,764 306,673 256,417 $586,962 $506,082 $413,480 10 points 149,877 87,225 55,660 mortgages on plant assets Common stock, $18...
Exercise 17-8 Liquidity analysis and interpretation LO P3 [The following information applies to the questions displayed below.j Simon Company's year-end balance sheets follovw At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets 2017 $ 31,800 35,625 $37,800 50,200 54,000 5,000 278, 500 255,000 230,500 $523,000 $445,000 377,500 89,500 62,500 112,500 82,500 9,375 10,700 Liabilities and Equity Accounts payable Long-term notes payable secured by $129,900 75,250 $ 51,250 mortgages on plant assets Common...
[The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. At December 31 2017 2016 2015 Assets Cash 27,664 $ 89,400 32,336 $ 62,7ee 84, eee 8,488 32,375 52,1ee Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net 113,50e 59,eee 8,909 215,746 3,597 284,906 170,428 455,219 $ 392,430 Total assets 317,5ee Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings 116,750 $...
Required information Exercise 13-8 Liquidity analysis and interpretation LO P3 [The following information applies to the questions displayed below.) Simon Company's year-end balance sheets follow. 2017 2016 2015 At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 32,230 $ 37,673 $ 39,243 89,400 62,800 50, 100...
Simon Company's year-end balance sheets follow $ 26,172$30,593 $30,930 58,800 83,50056,000 89,700 110,000 8,428 62,800 Accounts receivable, net se inventory 3,437 200,597 189,987 157,133 $ 434,897 $374,911 $ 306,30e 8,031 Prepaid expenses Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by $ 110,455 $ 64,627$ 41,240 mortgages on plant assets Common stock, $1e par value Retained earnings Total liabilities and equity 83,396 87,954 69,046 162,500 162,500 162,500 33,514 $ 434,897 $ 374,911 $306,300 78,546 59,830 The company's...
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