site stats

Hulkster's 2021 average collection period is:

Web10 apr. 2024 · In this case, the company has an average collection period of 228.13 days. Using this same formula, Becky can do an estimate of other properties on the market. If her result is lower than theirs, then the company would probably be doing a good job at collecting rent due from residents. Web31 dec. 2024 · Answer to Excerpts from Hulkster Company's December 31, 2024 and 2024,... Expert Help. Study Resources. Log in Join. Campbell University. ACCT. ... Average shareholders' equity = (258,000 + 234,000) ... The average collection period is calculated as 365 days Average accounts receivable balance 365 days Net credit sales . Q: ...

Average Collection Period Formula, Example, Analysis, Calculator

WebWhat adjusting entry is necessary on June 30, 2024? Interest Expense 120 Interest Payable 120 Students also viewed. Chapter 2 Homework (Connect) 7 terms. cccamp21. ACCT … Web31 dec. 2024 · 203) Excerpts from Hulkster Company'sDecember 31, 2024 and 2024, financialstatements are presented below: Accounts receivable Merchandise inventory Net sales Cost of goods sold Total assets Total shareholders' equity Net income Hulkster's 2024 average collection periodis: A) 144 days.B) 87 days.C) 149 days.D) 178 days. … chegg honor code investigation https://segnicreativi.com

Excerpts from Hulkster Company

Web31 dec. 2024 · Excerpts from Hulkster Company's December 31, 2024 and 2024, financial statements are presented below: 2024 2024 Accounts receivable $54,000 $43,000 Merchandise inventory 35,000 49,000 Net sales 194,000 185,000 Cost of goods sold 128,000 115,000 Total assets 439,000 412,000 Total shareholders' equity 254,000 … Web31 dec. 2024 · Excerpts from Hulkster Company's December 31, 2024 and 2024, financial statements are presented below: Accounts receivable Merchandise inventory Net sales … WebWe can calculate the Average Collection period by using the below formula: Average Collection Period = 365 Days /Average Receivable Turnover ratio For the second formula, we need to compute the average accounts receivable per … flemington steak house menu

Excerpts from Hulkster Company

Category:Solved Excerpts from Hulkster Company

Tags:Hulkster's 2021 average collection period is:

Hulkster's 2021 average collection period is:

Solved Excerpts from Hulkster Company

WebStratford University ACC ACC 299 Hulksters 2016 average collection period is A 73 days B 104 days C 109 days D Hulksters 2016 average collection period is a 73 days … WebSolution: Average Net Receivables for Apple Inc.is calculated as. Average Net Receivables = ($23,186 + $17,874) / 2. Average Net Receivables = $20,530. Since the Company has not provided the amount of credit sales, we can consider the net sales to calculate the days of the collection period.

Hulkster's 2021 average collection period is:

Did you know?

WebHulkster's 2009 average collection period is: A)73 days. B)104 days. C)109 days. D)128 days.Average collection period = 365/5.0 = 73 days Correct Answer: Access For Free … Web16 dec. 2024 · Answer: Hulkster's 2024 profit margin is: 17.1%. Explanation: a) Data and Calculations: 2024 2024 Accounts receivable $40,000 $36,000 Merchandise inventory $28,000 35,000 Net sales 190,000 186,000 Cost of goods sold 114,000 108,000 Total assets 425,000 405,000 Total shareholders' equity 240,000 225,000 Net income 32,500 …

Web31 dec. 2024 · Question: Excerpts from Hulkster Company's December 31, 2024 and 2024, financial statements are presented below: 2024 $ 62,000 Accounts receivable … WebAlpaca Corporation had revenues of $220,000 in its first year of operations. The company has not collected on $18,000 of its sales and still owes $26,500 on $100,000 of …

Web7 apr. 2024 · excerpts from hulkster company's december 31, 2024 and 2024, financial statements are presented below: 2024 2024 accounts receivable $ 60,000 $ 46,000 … Web4 mrt. 2024 · Excerpts from Hulkster Company's December 31, 2024 and 2024, financial statements are presented below: 2024 2024 Accounts receivable $ 40,000 $ 36,000 Merchandise inventory $ 28,000 35,000 Net sales 190,000 186,000 Cost of goods sold 114,000 108,000 Total assets 425,000 405,000 Total shareholders' equity 240,000 …

Web31 dec. 2024 · Hulkster's 2024 average collection period is: Multiple Choice 77 days. 158 days. 161 days. 163 days. Accounting Business Financial Accounting ACC 101 59850 Answer & Explanation Solved by verified expert Answered by SargentBoulder2437 I attach a file for a better formatting. If you have question regarding the explanation just comment.

chegg how to find my questionsWeb31 dec. 2024 · Excerpts from Hulkster Company's December 31, 2024 and 2024, financial statements are presented below: 2024 2024 Accounts receivable $ 66,000 $ 49,000 … flemington stewards reportWebKey Takeaways. The average collection period is the time a business takes to convert its trade receivables (debtors) to cash. The formula for calculating the average collection period is 365 (days) divided by the accounts receivable turnover ratio or average accounts receivable per day divided by average credit sales per day. chegg how to remove devices