A company that has days’ sales uncollected of 30 days and days’ sales in inventory of 18 days implies that inventory will be converted to cash in about 12 days.

A company borrowed $10,000 by signing a 180-day promissory note at 9%. The total interest due on the maturity date is: (Use 360 days a year.)

Refer to the following selected financial information from Barstool Company. Compute the company’s days’ sales uncollected for Year 2. (Use 365 days a year.)    Year 2   Year 1   Accounts receivable, net 86,500   82,750   Net sales 723,000   693,000  

In preparing a company’s statement of cash flows for the most recent year using the indirect method, the following information is available:     Net income for the year was $ 52,000 Accounts payable decreased by   18,000 Accounts receivable increased by   25,000 Inventories increased by   5,000 Depreciation expense was   30,000 Net cash provided by operating activities was:

Financial reporting refers to:

The cash flow on total assets ratio is calculated by:

An account is a record of increases and decreases in a specific asset, liability, equity, revenue, or expense item.

When preparing a statement of cash flows using the indirect method, each of the following should be classified as an operating cash flow except:

In preparing a company’s statement of cash flows for the most recent year using the indirect method, the following information is available:           Net income for the year was $ 52,000   Accounts payable decreased by   18,000   Accounts receivable increased by   25,000   Inventories increased by   5,000   Cash dividends paid were   14,000   Depreciation expense was   20,000   Net cash provided by operating activities was:

Refer to the following selected financial information from Barstool Company. Compute the company’s days’ sales uncollected for Year 2. (Use 365 days a year.)    Year 2   Year 1   Accounts receivable, net 86,500   82,750   Net sales 723,000   693,000