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Business
AccountingSurvey of Accounting (Accounting I)8th Edition

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Chapter 9, Problem 9.9E
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Survey of Accounting (Accounting I)

8th Edition
Carl Warren
ISBN: 9781305961883

Solutions

Chapter
Section
Problem 1SEQ
Problem 2SEQ
Problem 3SEQ
Problem 4SEQ
Problem 5SEQ
Problem 1CDQ
Problem 2CDQ
Problem 3CDQ
Problem 4CDQ
Problem 5CDQ
Problem 6CDQ
Problem 7CDQ
Problem 8CDQ
Problem 9CDQ
Problem 10CDQ
Problem 11CDQ
Problem 12CDQ
Problem 13CDQ
Problem 14CDQ
Problem 15CDQ
Problem 16CDQ
Problem 17CDQ
Problem 9.1E
Problem 9.2E
Problem 9.3E
Problem 9.4E
Problem 9.5E
Problem 9.6E
Problem 9.7E
Problem 9.8E
Problem 9.9E
Problem 9.10E
Problem 9.11E
Problem 9.12E
Problem 9.13E
Problem 9.14E
Problem 9.15E
Problem 9.16E
Problem 9.17E
Problem 9.18E
Problem 9.19E
Problem 9.20E
Problem 9.21E
Problem 9.22E
Problem 9.23E
Problem 9.1.1P
Problem 9.1.2P
Problem 9.2.1P
Problem 9.2.2P
Problem 9.3.1P
Problem 9.3.2P
Problem 9.4.1P
Problem 9.4.2P
Problem 9.4.3P
Problem 9.4.4P
Problem 9.4.5P
Problem 9.4.6P
Problem 9.4.7P
Problem 9.4.8P
Problem 9.4.9P
Problem 9.4.10P
Problem 9.4.11P
Problem 9.4.12P
Problem 9.4.13P
Problem 9.4.14P
Problem 9.4.15P
Problem 9.4.16P
Problem 9.4.17P
Problem 9.4.18P
Problem 9.4.19P
Problem 9.4.20P
Problem 9.5.1P
Problem 9.5.2P
Problem 9.1C
Problem 9.2C
Problem 9.3C
Problem 9.4.1C
Problem 9.4.2C
Problem 9.4.3C
Problem 9.5.1C
Problem 9.5.2C
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Survey of Accounting (Accounting I)

8th Edition
Carl Warren
ISBN: 9781305961883
Textbook Problem

Accounts receivable analysis
The following data are taken from the financial statements of Outdoor Patio Inc. Terms of all sales are 2/10. n/60.

a. For Years 2 and 3. determine (1) the accounts receivable turnover and (2) the days' sales in receivables. Round to nearest dollar and one decimal place.
b. What conclusions can be drawn from these data concerning accounts receivable and credit
polit ies?

To determine

Concept Introduction:

Trade Receivable turnover Ratio: It is a ratio between the total credit sales and average trade receivables of the business. It tells us about the amount of turnover in credit and Amount of sale and ratio of trade receivables.

Days Sales in receivables: It means we calculate the number of days our trade receivables becomes through credit sale.

Requirement-1:

To Calculate:

Accounts receivable turnover and the day's sales in receivables.

Explanation
    ParticularsYear2 Year3
    Opening Accounts Receivable(A)600000750000
    Closing Accounts Receivable (B)750000900000
    Sales (C)
To determine

Concept Introduction:

Trade Receivable turnover Ratio: It is a ratio between the total credit sales and average trade receivables of the business. It tells us about the how much of our turnover is happen in credit and how many times our sales to the trade receivables.

Days Sales in receivables: It means we calculate in how many days our trade receivables becomes trough credit sale.

Requirement-2:

To Identify:

What conclusion can be drawn from these data concerning accounts receivables and credit policies?

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Chapter 9 Solutions

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Ch-9 P-1SEQCh-9 P-2SEQCh-9 P-3SEQCh-9 P-4SEQCh-9 P-5SEQCh-9 P-1CDQCh-9 P-2CDQCh-9 P-3CDQCh-9 P-4CDQCh-9 P-5CDQ
Ch-9 P-6CDQCh-9 P-7CDQCh-9 P-8CDQCh-9 P-9CDQCh-9 P-10CDQCh-9 P-11CDQCh-9 P-12CDQCh-9 P-13CDQCh-9 P-14CDQCh-9 P-15CDQCh-9 P-16CDQCh-9 P-17CDQCh-9 P-9.1ECh-9 P-9.2ECh-9 P-9.3ECh-9 P-9.4ECh-9 P-9.5ECh-9 P-9.6ECh-9 P-9.7ECh-9 P-9.8ECh-9 P-9.9ECh-9 P-9.10ECh-9 P-9.11ECh-9 P-9.12ECh-9 P-9.13ECh-9 P-9.14ECh-9 P-9.15ECh-9 P-9.16ECh-9 P-9.17ECh-9 P-9.18ECh-9 P-9.19ECh-9 P-9.20ECh-9 P-9.21ECh-9 P-9.22ECh-9 P-9.23ECh-9 P-9.1.1PCh-9 P-9.1.2PCh-9 P-9.2.1PCh-9 P-9.2.2PCh-9 P-9.3.1PCh-9 P-9.3.2PCh-9 P-9.4.1PCh-9 P-9.4.2PCh-9 P-9.4.3PCh-9 P-9.4.4PCh-9 P-9.4.5PCh-9 P-9.4.6PCh-9 P-9.4.7PCh-9 P-9.4.8PCh-9 P-9.4.9PCh-9 P-9.4.10PCh-9 P-9.4.11PCh-9 P-9.4.12PCh-9 P-9.4.13PCh-9 P-9.4.14PCh-9 P-9.4.15PCh-9 P-9.4.16PCh-9 P-9.4.17PCh-9 P-9.4.18PCh-9 P-9.4.19PCh-9 P-9.4.20PCh-9 P-9.5.1PCh-9 P-9.5.2PCh-9 P-9.1CCh-9 P-9.2CCh-9 P-9.3CCh-9 P-9.4.1CCh-9 P-9.4.2CCh-9 P-9.4.3CCh-9 P-9.5.1CCh-9 P-9.5.2C

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