subject
Business, 15.11.2019 21:31 lanaiheart7

Mathis and hashish are two of the largest and most successful toymakers in the world, in terms of the products they sell and their receivables management practices. to evaluate their ability to collect on credit sales, consider the following information reported in their annual reports (amounts in millions). mathis hashey fiscal year ended: 2015 2014 2013 2015 2014 2013 net sales $ 3,956 $ 3,331 $ 4,118 $ 2,102 $ 2,168 $ 2,222 accounts receivable 1,078 684 810 902 982 554 allowance for doubtful accounts 13 16 17 22 24 23 accounts receivable, net of allowance 1,065 668 793 880 958 531 required: calculate the receivables turnover ratios and days to collect for mathis and hashey for 2015 and 2014. tip: in your calculations, use average accounts receivable, net of allowance. (use 365 days in a year. do not round intermediate calculations on accounts receivable turnover ratio. round your final answers to 1 decimal place. use final rounded answers from accounts receivable turnover ratio for days to collect ratio calculation.) 2-a. which of the companies was quicker to convert its receivables into cash in 2015

ansver
Answers: 1

Other questions on the subject: Business

image
Business, 21.06.2019 19:30, gymnastattack
Which of the following correctly describes the accounting for indirect labor costs? indirect labor costs are product costs and are expensed as incurred. indirect labor costs are period costs and are expensed when the manufactured product is sold. indirect labor costs are period costs and are expensed as incurred. indirect labor costs are product costs and are expensed when the manufactured product is sold.
Answers: 3
image
Business, 21.06.2019 23:30, zoelynn8386
On september 12, ryan company sold merchandise in the amount of $5,800 to johnson company, with credit terms of 2/10, n/30. the cost of the items sold is $4,000. ryan uses the periodic inventory system and the net method of accounting for sales. on september 14, johnson returns some of the non-defective merchandise, which is restored to inventory. the selling price of the returned merchandise is $500 and the cost of the merchandise returned is $350. the entry or entries that ryan must make on september 14 is (are): multiple choice sales returns and allowances 490 accounts receivable 490 merchandise inventory 350 cost of goods sold 350 sales returns and allowances 490 accounts receivable 490 sales returns and allowances 500 accounts receivable 500 sales returns and allowances 490 accounts receivable 490 merchandise inventory 343 cost of goods sold 343 sales returns and allowances 350 accounts receivable 350
Answers: 1
image
Business, 22.06.2019 10:50, Nicki3729
The uptowner just paid an annual dividend of $4.12. the company has a policy of increasing the dividend by 2.5 percent annually. you would like to purchase shares of stock in this firm but realize that you will not have the funds to do so for another four years. if you require a rate of return of 16.7 percent, how much will you be willing to pay per share when you can afford to make this investment?
Answers: 3
image
Business, 22.06.2019 17:00, PlzNoToxicBan
Cadbury has a chocolate factory in dunedin, new zealand. for easter, it makes two kinds of “easter eggs”: milk chocolate and dark chocolate. it cycles between producing milk and dark chocolate eggs. the table below provides data on these two products. demand (lbs per hour) milk: 500 dark: 200 switchover time (minutes) milk: 60 dark: 30 production rate per hour milk: 800 dark: 800 for example, it takes 30 minutes to switch production from milk to dark chocolate. demand for milk chocolate is higher (500lbs per hour versus 200 lbs per hour), but the line produces them at the same rate (when operating): 800 lbs per hour. a : suppose cadbury produces 2,334lbs milk chocolate and 1,652 lbs of dark chocolate in each cycle. what would be the maximum inventory (lbs) of milk chocolate? b : how many lbs of milk and dark chocolate should be produced with each cycle so as to satisfy demand while minimizing inventory?
Answers: 2
You know the right answer?
Mathis and hashish are two of the largest and most successful toymakers in the world, in terms of th...

Questions in other subjects: