Factors that must be considered before starting up the business

Analysis of Accounts Receivable and Allowance for Doubtful Accounts Steelcase, Inc. reported the following amounts in its 2014 a

Naddika [18.5K]

Answer:

b. Gross Receivable = Net receivable +Allowance

2014 = $306.8 + $13 = $319.80

2013 = $287.3 + $14.5 = $301.8

Allowance as a % of Gross receivable = Allowance / Gross receivable

2014 = $13/319.80 = 0.041 = 4.1%

2013 = $14.5/301.8 = 0.015 = 1.5%

c. Average Net Accounts receivable = (Accounts receivable, net 2014 + Accounts receivable, net 2013) / 2 = ($306.8 + $287.3] / 2 = $297.05

Receivable Turnover = Net credit sales / Average Net Accounts receivable

Receivable Turnover = $2,989 / $297.05

Receivable Turnover = 10.06 Times

d) Cash received in 2014 = Beginning Gross receivables + Net sales - Ending Gross receivables-Adjustment in allowance (Write-off 2014)

Cash received in 2014 = $301.8 + $2,989 - $319.8 - $4.3

Cash received in 2014 = $2,966.7

Increase in customer deposits = $16 - 13.5 = $2.5

Total Cash received from customers in 2014 = Cash received in 2014 + Increase in customer deposits

Total Cash received from customers in 2014 = $2,966.7 + $2.5

Total Cash received from customers in 2014 = $2969.20

6 0

3 years ago

Which of the following is true of liquidity? Select one: a. Liquidity metrics include debt ratio, times interest earned, and rat

kompoz [17]

Answer:

c. Liquidity is the ability to convert assets to cash.

Explanation:

The company's level of liquidity deals with the company's level of cash which is usually held to meet current obligations.

The liquidity ratios are ratios that indicate how well and quickly a company can convert current assets into cash for the settlement of current liabilities.

Examples of liquidity ratios include current ratio, acid test/quick ratio , cash ratio and working capital ratio.

6 0

2 years ago

For which expense do state governments provide financial help to their local governments?

jeka94

expensive...............................

7 0

3 years ago

Read 2 more answers

when working with a developer who's purchasing undeveloped land for a new subdivision, abc realty stipulates in the contract tha

NikAS [45]

Control happens once competitor brokers comply with a typical worth for sales commissions, fees, or management rates. The Sherman just Act forbids any style of control in any business.

Tie-in agreements are called fastening agreements. For instance, a developer United Nations agency is additionally a true estate broker agrees to sell one among the developer's properties to a purchaser providing the customer agrees to list the buyer's house with the broker.

The just prohibition on fixing commission rates means that 2 or additional realty companies might not agree on the commission rate that everyone can charge. As noted earlier, control may be a violation of just laws.

To learn more about tie-in agreements, visit here

brainly.com/question/6967006

#SPJ4

3 0

1 year ago

Distinguish between planned economy and mixed economy

Maslowich

Answer:

<em><u>Command Economy</u></em>

A command economy is an economic system where the government has control over the production and pricing of goods and services. Sometimes called a planned economy, in a command economy, the government decides which goods and services to produce, the production and distribution method, and the prices of goods and services. The government is the central planner.

The government has control over a command or planned economy.
In mixed economies, the government has some control, while the rest is up to supply and demand.
Command economies are characterized by large surpluses and shortages, monopolies, and prices set by the government.
Mixed economies are characterized by corporate profitability, the use of fiscal and monetary policies to stimulate growth, and the existence of a public and private sector. 《♡♡♡♡》

Explanation:

Hope it helps JOIN《Æ §QŮÅĐ》

8 0

2 years ago