Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 14, 2024

Alex Ltd reported revenues of 1,592,000 in 2017 and 1,625,400 in 2016. Alexs AR turnover ratio for 2017 was 4.92 and 3.52 in 2016. Calculate

Alex Ltd reported revenues of 1,592,000 in 2017 and 1,625,400 in 2016. Alexs AR turnover ratio for 2017 was 4.92 and 3.52 in 2016.

Calculate Alexs average collection period for accounts receivable for 2017 and 2016. Show your calculation, round to the nearest day.

Identify whether Alexs AR turnover has improved or declined and explain 2 possible reasons, or policy decisions, that could have made by Alex to impact the companys turnover ratio.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Marketing Audit Of A Private Health Care Facility Case Of The Bondeko Clinic

Authors: Tyty ELOOT ONDAIN

1st Edition

6204271237, 978-6204271231

More Books

Students also viewed these Accounting questions

Question

7. Matresha is driving when a van pulls out in front of her and almost causes an accident. Matreshas heart begins to pound, and her blood pressure shoots up. Matresha is likely in the phase of the...

Answered: 1 week ago

Question

★★★★★

Oasis Faucet Company manufactures faucets in a small manufacturing facility. The faucets are made from zinc. Manufacturing has 80 employees. Each employee presently provides 40 hours of labor per...

Answered: 1 week ago

Question

★★★★★

Alex Ltd reported revenues of 1,592,000 in 2017 and 1,625,400 in 2016. Alexs AR turnover ratio for 2017 was 4.92 and 3.52 in 2016. Calculate Alexs average collection period for accounts receivable...

Answered: 1 week ago

Question

★★★★★

i . X Data Table Activity Admission Cleaning Grooming Estimated Cost Allocation Base $ 60,000 Number of admissions 240,000 Cleaning direct labor hours 80,000 Grooming direct labor hours $ 380,000...

Answered: 1 week ago

Question

★★★★★

1. Referring to Exhibit 4, compute the annual percentage change in net income per common share-diluted (second numerical line from the bottom) for 1998-1999, 1999-2000, and 2000- 2001. Date Range...

Answered: 1 week ago

Question

★★★★★

tony soprano, leader of the soprano crime syndicate of NJ, waskilled by one of his own henchmen. detective vine interviews themen and determines that all were lying except for one, based onwhat he...

Answered: 1 week ago

Question

★★★★★

Tesar Chemicals is considering Projects S and L, whose cash flows are shown below. These projects are mutually exclusive, equally risky, and not repeatable. The CEO believes the IRR is the best...

Answered: 1 week ago

Question

★★★★★

Which statement about Pay What You Want ( PWYW ) pricing strategy below is CORRECT? 1 point In this strategy, customers will receive a product or service as long as they pay something. A firm using...

Answered: 1 week ago

Question

★★★★★

An aluminium rod is a total of 900mm long and 50mm in diameter. Part of this bar is turned down to 40mm diameter for a length of 50mm each end. Calculate the total elongation when subjected to an...

Answered: 1 week ago

Question

★★★★★

C Imagine instead that Evelyn is not a native speaker of English, or that is from a different region of the United States and you find her accent difficult to understand. Is it ethical to address...

Answered: 1 week ago

Question

★★★★★

1. Does your voice project confidence? Authority?

Answered: 1 week ago

Question

★★★★★

5. Does your speech contain words that might pose pronunciation problems for you?

Answered: 1 week ago

Previous Question Next Question