Answer the following questions using the financial statements for Rainmaker Entertainment Inc that appear on MyAccountingLab 1 Analyze the Accounts Receivable accounts at December 31, 2011 What is the total receivable What was the total receivable at December 31, 2010 List the types of receivables ...

Req 1 The Trade and other accounts receivable balance at December 31 2011 is 14543564 compare ...

Answer the following questions using the financial statements for Rainmaker Entertainment Inc. that appear on MyAccountingLab. 1.

Question:

Answer the following questions using the for Rainmaker Entertainment Inc. that appear on MyAccountingLab.
1. Analyze the accounts at December 31, 2011. What is the total receivable? What was the total receivable at December 31, 2010? List the types of receivables.
2. What are net Trade Receivables as a percent of Total Receivables for 2011? How does this compare to 2010?
3. Using only Trade Receivables, how many days' sales are in at December 31, 2011? How does this compare to the number of days' sales of the previous year? Discuss these results.
Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial... Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...