Baxter Ltd reported $200 million in credit sales in 201718 and 201819. Average accounts receivable dropped from
Question:
Baxter Ltd reported $200 million in credit sales in 2017–18 and 2018–19. Average accounts receivable dropped from $25 million to $20 million over the two periods.
Required
(a) Assuming 220 trading days each year, how has debtors turnover changed?
(b) Explain why this might have occurred.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (12 reviews)
a Av credit sales 200 m 220 091 m Av collection period Av d...View the full answer
Answered By
Nicholas Maina
Throughout my tutoring journey, I've amassed a wealth of hands-on experience and honed a diverse set of skills that enable me to guide students towards mastering complex subjects. My proficiency as a tutor rests on several key pillars:
1. Subject Mastery:
With a comprehensive understanding of a wide range of subjects spanning mathematics, science, humanities, and more, I can adeptly explain intricate concepts and break them down into digestible chunks. My proficiency extends to offering real-world applications, ensuring students grasp the practical relevance of their studies.
2. Individualized Guidance:
Recognizing that every student learns differently, I tailor my approach to accommodate various learning styles and paces. Through personalized interactions, I identify a student's strengths and areas for improvement, allowing me to craft targeted lessons that foster a deeper understanding of the material.
3. Problem-Solving Facilitation:
I excel in guiding students through problem-solving processes and encouraging critical thinking and analytical skills. By walking learners through step-by-step solutions and addressing their questions in a coherent manner, I empower them to approach challenges with confidence.
4. Effective Communication:
My tutoring proficiency is founded on clear and concise communication. I have the ability to convey complex ideas in an accessible manner, fostering a strong student-tutor rapport that encourages open dialogue and fruitful discussions.
5. Adaptability and Patience:
Tutoring is a dynamic process, and I have cultivated adaptability and patience to cater to evolving learning needs. I remain patient through difficulties, adjusting my teaching methods as necessary to ensure that students overcome obstacles and achieve their goals.
6. Interactive Learning:
Interactive learning lies at the heart of my approach. By engaging students in discussions, brainstorming sessions, and interactive exercises, I foster a stimulating learning environment that encourages active participation and long-term retention.
7. Continuous Improvement:
My dedication to being an effective tutor is a journey of continuous improvement. I regularly seek feedback and stay updated on educational methodologies, integrating new insights to refine my tutoring techniques and provide an even more enriching learning experience.
In essence, my hands-on experience as a tutor equips me with the tools to facilitate comprehensive understanding, critical thinking, and academic success. I am committed to helping students realize their full potential and fostering a passion for lifelong learning.
4.90+
5+ Reviews
16+ Question Solved
Related Book For
Accounting Business Reporting For Decision Making
ISBN: 9780730369325
7th Edition
Authors: Jacqueline Birt, Keryn Chalmers, Suzanne Maloney, Albie Brooks, Judy Oliver, David Bond
Question Posted:
Students also viewed these Business questions
-
The tetraaquazinc(II) ion, [Zn(H2O)4]2+, is colorless. Explain why this might be expected.
-
Samson Ltd reported $400 million in credit sales in 2012-2013 and 2013-2014.Average debtors dropped from $50 million to $40 million over the two periods. Assuming 220 trading days each year, how has...
-
The hexaaquascandium(III) ion, [Sc(H 2 O) 6 ] 3+ , is colorless. Explain why this might be expected.
-
Find a minimum spanning tree for the following graph using all 3 algorithms 13 17 22- 20 15, a. Adding the shortest edge first b. Deleting the longest edge first c. Growing a tree from the node D
-
Describe the relationship between a predecessor activity and a successor activity.
-
Refer to Exercise 5-24 for data. Now assume that Dexter Company uses the sequential method to allocate support department costs to the producing departments. Human resources is allocated first in the...
-
Complete the truth table to determine the truth value of the proposition in the last column. 14 (b~d) (bvd) b~ Ad b- byd b d
-
Three different plans for financing an $18,000,000 corporation are under consideration by its organizers. Under each of the following plans, the securities will be issued at their par or face amount,...
-
How do I calculate 4.75% into Uniform Payment Series Capital Recovery Factor A/P for 50 years? For instance. Per the compound interest tables A/P at 4-1/2% for 50 years is listed as 0.0506. A/P at 5%...
-
A northwestern distribution company surveyed 53 of its midlevel managers. The survey obtained the ages of these managers, which later were organized into the frequency distribution shown. Determine...
-
Katelyn Ltd arranges a 91-day commercial bill: 91 days because the 90th day was a Sunday. The face value is $200000 and Katelyn receives $197010. What is the yield?
-
CuteIT makes smartphone covers. The employee payroll averages $600000 per week. CuteIT would like to extend the pay cycle to fortnightly. The manufacturing workers union argues that the company is...
-
Find the derivative of the function. y = ln 5x /1 - x
-
XYZ Corp. shares are currently selling for $25 each. You bought 200 shares one year ago at $24 and received dividend payments of $1.50 per share. Calculate the percentage capital gain yield this year...
-
Business Taxation ESTATE TAX COMPREHENSIVE PROBLEM (80 pts) Jose, a resident citizen and a married decedent, died on June 12, 2019 due to a terminal illness. He was married to his wife since December...
-
"Financial development is the most important factor for economic growth". Defend this statement. (provide source) Discuss the cross-country evidence of financial development/structure in relation to...
-
Medina Co. is a seller of electronic equipment used by other companies in their business such as modified iPads to process customer payments, record and perform services, etc. Customers prepare a...
-
If the real interest rate is 6.50% per year and the expected inflation rate is 1.80%, what is the nominal interest rate according to the Fisher equation?
-
Sudz Corporation has these accounts at December 31: Common Stock, $10 par, 5,000 shares issued, $50,000; Paid-in Capital in Excess of Par Value $22,000; Retained Earnings $42,000; and Treasury Stock,...
-
Independent random samples of sizes n1 = 30 and n2 = 50 are taken from two normal populations having the means 1 = 78 and 2 = 75 and the variances 21 = 150 and 22 = 200. Use the results of Exercise...
-
A company owned exclusively by residents in the small Victorian coastal community of Lorne are offered three projects for which the cash flows are as follows in thousands of dollars. The directors...
-
Krista and Damien own and manage Food and Fuel, a roadside café and service station located on a main highway on the way to the snow fields in the Victorian Alps. Food and Fuel services the...
-
Kerry Katons is a geologist working for a mining company. Kerry spends a great deal of her time on field trips studying rocks and ground truthing maps which have been developed from aerial and...
-
Chapter 7 Homework i 11 Seved Help Save & Exit Check my Cordova manufactures three types of stained glass windows, cleverly named Products A, B, and C. Information about these products follows: Sales...
-
Question 9 1 pts Allied Inc. is a service company that measures its output by the number of customers served. The company has provided the following fixed and variable cost estimates that it uses for...
-
Assignment on Chapter 18, 19, 20 - Due on Dec 2, 2023 #6. On Dec 31, 2021, the following information was provided by the Nakira corporation pension plan administrator: Fair value of plan assets...
Study smarter with the SolutionInn App