Homework Answers
| Choose Numerator | / | Choose Denominator | x | Days | = | Days' sales uncollected | |
| Accounts receivables | / | Net sales | x | 365 | = | Day's sales uncollected | |
| 2016: | $57,000 | / | $662,000 | x | 365 | = | 31.4 days |
| 2017: | $91,000 | / | $741,000 | x | 365 | = | 44.8 days |
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Barga Co. reported net sales for 2016 and 2017 of $662,000 and
$741,000, respectively.
Barga Co....
Barga Co.'s net sales for Year 1 and Year 2 are $664,000 and $744,000, respectively. Its...
Barga Co.'s net sales for Year 1 and Year 2 are $664,000 and $744,000, respectively. Its year-end balances of accounts receivable follow: Year 1, $65,000, and Year 2, $92,000. a. Complete the below table to calculate the days' sales uncollected at the end of each year. (Round your "Days' Sales Uncollected" answer to 1 decimal place.) points Days' Sales Uncollected Choose Denominator: * Choose Numerator: 1 Days - Days' Sales Uncollected eBook Year 1: Days' sales uncollected days days Print...
Barga Co.'s net sales for Year 1 and Year 2 are $668,000 and $748,000, respectively. Its...
Barga Co.'s net sales for Year 1 and Year 2 are $668,000 and $748,000, respectively. Its year-end balances of accounts receivable follow: Year 1, $61,000; and Year 2, $92,000. a. Complete the below table to calculate the days' sales uncollected at the end of each year. (Round your "Days' Sales Uncollected" answer to 1 decimal place.) Days' Sales Uncollected Choose Denominator: Choose Numerator: Days Days' Sales Uncollected 1 Year 1 1 Days' sales uncollected days days Year 2 1 X
G trncc Ch 06 Homework Saved Help Save & Exin Check 6 Exercise 6-12 Liquid assets...
G trncc Ch 06 Homework Saved Help Save & Exin Check 6 Exercise 6-12 Liquid assets and accounts receivable LO A1 Barga Co reported net sales for 2016 and 2017 of $669,000 and $746,000, respectively Its year-end balances of accounts recevable follow December 31, 2016, $57,000, and December 31, 2017, $95,000 17 points a. Complete the below table to calculate the days sales uncollected at the end of each year (Round your "Days' Sales Uncollected answer to 1 decimal place.)...
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...
Lok Co reports net sales of $4,415,000 for 2016 and $8,209,000 for 2017 End-of-year balances for...
Lok Co reports net sales of $4,415,000 for 2016 and $8,209,000 for 2017 End-of-year balances for total assets are 2015. $1,557,000; 2016, $1,766,000and 2017. $1.924,000 points Skoped (a) Compute Lok's total asset turnover for 2016 and 2017 •Book Total Asset Turnover Choose Choose Numerator: Denominator: Total Asset Turnove References 2017
QS 8-8 Days' sales uncollected LO A1 The following annual account balances are taken from Armour...
QS 8-8 Days' sales uncollected LO A1 The following annual account balances are taken from Armour Sports at December 31. Accounts receivable Net sales $ 11,958 $43,738 154,258 524,748 Complete the below table to calculate the number of days' sales uncollected for the years 2016 and 2017? (Round your "Days' Sales Uncollected" to 1 decimal place.) Days' Sales Uncollected Choose Numerator: Choose Denominator: Days Days Sales Unc Days' sales uncollected 2017 2016: days days Is the company's collection of receivables...
The following annual account balances are from Armour Sports at December 31. Accounts receivable Net sales...
The following annual account balances are from Armour Sports at December 31. Accounts receivable Net sales Year 2 Year 1 $ 10,753 $ 53,735 143,015 624,463 Complete the below table to calculate the number of days' sales uncollected for the years Year 1 and Year 2. (Round your "Days' Sales Uncollected" to 1 decimal place.) Choose Numerator: Days' Sales Uncollected Choose Denominator: 1 Days 1 X Year 2: Year 1: 1 1 Days' Sales Uncollected Days' sales uncollected days days...
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...
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...
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...
Barga Co.'s net sales for Year 1 and Year 2 are $664,000 and $744,000, respectively. Its year-end balances of accounts receivable follow: Year 1, $65,000, and Year 2, $92,000. a. Complete the below table to calculate the days' sales uncollected at the end of each year. (Round your "Days' Sales Uncollected" answer to 1 decimal place.) points Days' Sales Uncollected Choose Denominator: * Choose Numerator: 1 Days - Days' Sales Uncollected eBook Year 1: Days' sales uncollected days days Print...
Barga Co.'s net sales for Year 1 and Year 2 are $668,000 and $748,000, respectively. Its year-end balances of accounts receivable follow: Year 1, $61,000; and Year 2, $92,000. a. Complete the below table to calculate the days' sales uncollected at the end of each year. (Round your "Days' Sales Uncollected" answer to 1 decimal place.) Days' Sales Uncollected Choose Denominator: Choose Numerator: Days Days' Sales Uncollected 1 Year 1 1 Days' sales uncollected days days Year 2 1 X
G trncc Ch 06 Homework Saved Help Save & Exin Check 6 Exercise 6-12 Liquid assets and accounts receivable LO A1 Barga Co reported net sales for 2016 and 2017 of $669,000 and $746,000, respectively Its year-end balances of accounts recevable follow December 31, 2016, $57,000, and December 31, 2017, $95,000 17 points a. Complete the below table to calculate the days sales uncollected at the end of each year (Round your "Days' Sales Uncollected answer to 1 decimal place.)...
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...
Lok Co reports net sales of $4,415,000 for 2016 and $8,209,000 for 2017 End-of-year balances for total assets are 2015. $1,557,000; 2016, $1,766,000and 2017. $1.924,000 points Skoped (a) Compute Lok's total asset turnover for 2016 and 2017 •Book Total Asset Turnover Choose Choose Numerator: Denominator: Total Asset Turnove References 2017
QS 8-8 Days' sales uncollected LO A1 The following annual account balances are taken from Armour Sports at December 31. Accounts receivable Net sales $ 11,958 $43,738 154,258 524,748 Complete the below table to calculate the number of days' sales uncollected for the years 2016 and 2017? (Round your "Days' Sales Uncollected" to 1 decimal place.) Days' Sales Uncollected Choose Numerator: Choose Denominator: Days Days Sales Unc Days' sales uncollected 2017 2016: days days Is the company's collection of receivables...
The following annual account balances are from Armour Sports at December 31. Accounts receivable Net sales Year 2 Year 1 $ 10,753 $ 53,735 143,015 624,463 Complete the below table to calculate the number of days' sales uncollected for the years Year 1 and Year 2. (Round your "Days' Sales Uncollected" to 1 decimal place.) Choose Numerator: Days' Sales Uncollected Choose Denominator: 1 Days 1 X Year 2: Year 1: 1 1 Days' Sales Uncollected Days' sales uncollected days days...
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...
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...
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