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A list of daily temperatures in Phoenix, Arizona, for each day in DecemberA chart showing the total sales for each of New York's three biggest supermarketscomment And may well include analyses such as average, median, standard deviation etc.
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* Totaling up the daily sales * Figuring out time sheets * Ordering supplies based on counting what has been used * Inventorying * Taking cash and giving change
SALES MIX VARIANCE= standard sales-revised std sales
0.894
Average Colection period: Accounts Receivables divided by Average daily credit sales
A: Calculating the average collection period is a critical financial metric that allows companies to gauge how long it takes to receive payments from their customers on average. This information is essential for businesses to manage their cash flow effectively and make informed decisions about credit policies and debt collection strategies. By staying on top of this metric, companies can maintain healthy financial stability and keep their operations running smoothly. This measure helps organizations to ensure adequate cash flow and make informed decisions about their financial health. This metric provides valuable insights into a company's financial health, allowing businesses to better manage their cash flow and improve their overall financial performance. It enables the company to keep track of its cash flow and make informed decisions about managing debtors and creditors. To calculate the average collection period, you would divide the total accounts receivable by the average daily sales. Using the information provided, we can calculate the credit sales by subtracting the cash sales from the total sales: Credit sales = Total sales - Cash sales Credit sales = $200,000 - $150,000 Credit sales = $50,000 Next, we can calculate the average daily sales by dividing the total sales by the number of days in the accounting period (for example, 365 days in a year, or 30 days in a month): Average daily sales = Total sales / Number of days Assuming a 30-day month, Average daily sales = $350,000 / 30 Average daily sales = $11,666.67 Finally, we can calculate the average collection period by dividing the total accounts receivable by the average daily sales: Average collection period = (Accounts receivable / Average daily sales) x Number of days Average collection period = ($500,000 / $11,666.67) x 30 Average collection period = 128.57 days Therefore, the average collection period for this company is approximately 128.57 days.
average collection period= accounts receivable/daily credit sales %10 of 1.2 million = 120000 = sales for cash 1.2m-120000=1.080000=sales on credit ( divide by 360 to find daily credit sales) ACP=180000/(1080000/360)= 60 days
average collection period= accounts receivable/daily credit sales %10 of 1.2 million = 120000 = sales for cash 1.2m-120000=1.080000=sales on credit ( divide by 360 to find daily credit sales) ACP=180000/(1080000/360)= 60 days
The average collection period only shows how long it takes to collect your credit sales on average. The aging schedule shows your total accounts receivable, and the exact amounts that are owed in each time frame categories.
The average amount of days after making a sale before receiving cash. DCP = Receivables/Average sales per day or DCR = (average debtors/turnover)*365
annual sales*(1/365)
$500,000
Debt Collection Period ratio, is the year's sales which were outstanding at the balance sheet date, expresse in days. A rough measure of the days of credit that a firm's offers to its suppliers/clients. The formula is as follows: = (average debtors / turnover) * 365 Debt Collection Period ratio, is the year's sales which were outstanding at the balance sheet date, expresse in days. A rough measure of the days of credit that a firm's offers to its suppliers/clients. The formula is as follows: = (average debtors / turnover) * 365
a. Average collection period = Accounts receivable/Average daily credit sales An increase in the average collection period may be the result of a predetermined plan to expand credit terms or the consequence of poor credit administration. b. Ratio of bad debts to credit sales. An increasing ratio may indicate too many weak accounts or an aggressive market expansion policy. c. Aging of accounts receivable. Aging of accounts receivable is one way of finding out if customers are paying their bills within the time prescribed in the credit terms. If there is a buildup in receivables beyond normal credit terms, cash inflows will suffer and more stringent credit terms and collection procedures may have to be implemented.
debtors increase
It's about 805,602. i read it in a book.