FUNDAMENTAL ACCOUNTING PRINCIPLES
25th Edition
ISBN: 9781264303236
Author: Wild
Publisher: MCG
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Chapter D, Problem 15QS
To determine
Concept Introduction:
Days payable outstanding: Days payable outstanding refers to the average number of days that a company can take to pay back its trade creditors.
Day’s payable outstanding.
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Compute for the Day Sales Outstanding of Company X and Y. Compare each other. Use 360 days.
Company X
Company Y
Accounts Receivables
P452,100
P233,200
Annual Sales
P3,205,100
P1,956,200
A company reports the following:
Line Item Description
Amount
Sales
$235,060
Average accounts receivable (net)
51,100
Determine (a) the accounts receivable turnover and (b) the days’ sales in receivables. When required, round your answers to one decimal place. Assume a 365-day year.
Line Item Description
Answer
a. Accounts receivable turnover
b. Days' Sales in Receivables
A company reports the following:
Line Item Description
Amount
Sales
$1,069,085
Average accounts receivable (net)
105,850
Determine (a) the accounts receivable turnover and (b) the days’ sales in receivables. When required, round your answers to one decimal place. Assume a 365-day year.
Chapter D Solutions
FUNDAMENTAL ACCOUNTING PRINCIPLES
Ch. D - Prob. 1QSCh. D - Prob. 2QSCh. D - Prob. 3QSCh. D - Prob. 4QSCh. D - Prob. 5QSCh. D - Prob. 6QSCh. D - Prob. 7QSCh. D - Prob. 8QSCh. D - Prob. 9QSCh. D - Prob. 10QS
Ch. D - Prob. 11QSCh. D - Prob. 12QSCh. D - Prob. 13QSCh. D - Prob. 14QSCh. D - Prob. 15QSCh. D - Prob. 1ECh. D - Prob. 2ECh. D - Prob. 3ECh. D - Prob. 4ECh. D - Prob. 5ECh. D - Prob. 6ECh. D - Exercise D-7 Cycle time and cycle efficiency...Ch. D - Prob. 8ECh. D - Prob. 9ECh. D - Prob. 10ECh. D - Prob. 11ECh. D - Prob. 12ECh. D - Prob. 13ECh. D - Prob. 14ECh. D - Prob. 1PCh. D - Prob. 2PCh. D - Prob. 3PCh. D - Prob. 1DQCh. D - Prob. 2DQCh. D - Prob. 3DQCh. D - Prob. 4DQCh. D - Prob. 5DQCh. D - Prob. 6DQCh. D - Prob. 7DQCh. D - Prob. 8DQCh. D - Prob. 9DQCh. D - Prob. 10DQCh. D - Prob. 11DQCh. D - Prob. 12DQCh. D - Prob. 13DQ
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