Accounts Receivable Turnover = Net Sales/Average Net Account Receivables Accounts receivable turnover ratio measures the effectiveness of a company in extending credit and collecting debts. It is an activity ratio that measures how efficiently a firm uses its assets. Year ABC DEF GHI Industry Average 2012 31‚ 053/988 = 31.43 16‚842/1‚282.5 = 13.13 5‚160/618 = 8.35 17.64 2013 32‚722/1‚042 = 31.4 18‚657/937 = 19.91 5‚858/494 = 11.86 21.06 In this table you see the accounts receivable turnovers from
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AN EVALUATION OF ACCOUNTS RECEIVABLE MANAGEMENT BY MANUFACTURING FIRMS IN NAKURU MUNICIPALITY [pic] RESEARCH PROJECT SUBMITTED IN PARTIAL FULFILLMENT OF THE REQUIREMENT FOR THE AWARD OF THE DEGREE IN BACHELOR OF COMMERCE (ACCOUNTING OPTION) SCHOOL OF BUSINESS KABARAK UNIVERSITY APRIL 2008 DECLARATION This research project is our original work and has not been presented for the award of any diploma or degree in any other university or college or any other institution of higher learning. Signature______________________________
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The ability to sell inventory and collect receivables is critical. In this topic‚ we discuss three ratios that measure this ability. Inventory Turnover. Companies generally strive to sell their inventory as quickly as possible. The faster inventory sells‚ the sooner cash comes in. Inventory turnover‚ measures the number of times a company sells its average level of inventory during a year. A fast turnover indicates ease in selling inventory; a low turnover indicates difficulty. A value of 6 means
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Accounts Receivable Management • Introduction • Goals of Receivable Management • Credit Management • Optimum Credit Policy • Credit of Account Receivable 155 Introduction Accounts receivable represent the amount due form customers (book debts) or debtors as a result of selling goods on credit. “The term debtors is defined as ‘debt’ owned to the firm by customers arising from sale of goods or services in the ordinary course of business.” The three characteristics of receivables the element
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The Gallant Charge of the 54th Massachusetts (Colored) Regiment In United States’ history‚ there has never been a battle as influential and graphic as the Civil War (1861-1865). It was a revolution in several aspects‚ especially in media‚ becoming responsible for the first great surge of artistic representations during events of its time. Several of these depictions included certain aspects of the war such as the literal battlefield‚ fugitives and death--all of which is portrayed in The Gallant
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Battle of Gettysburg at the end of the three days. Pickett’s Charge was the highest point of the Battle of Gettysburg. The charge took place on the third day of the battle. Robert E. Lee ordered Pickett’s Charge. It involved an infantry assault of approximately 15‚000 Confederate soldiers against Union Major George Meade’s troops (History Net). This was along Cemetery Ridge‚ manned by 6‚500 Federals (History Net). The whole point of this charge was to fire cannon the entire time. The ill-fated assault
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Goals of Receivable Management The basic goal of credit management is to maximize the value of the firm by achieving a trade off between the liquidity (risk and profitability). The purpose of credit management is not to maximize sales‚ nor to minimize the risk of bad debt. If the objective were to maximize sales‚ then the firm would sell on credit to all. On the contrary‚ if minimization of bad debt risk were the aim‚ then the firm would not sell on credit to anyone. In fact‚ the firm should manage
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customers. A firm grants trade credit to protect its sales from the competitors and to attract the potential customers to buy its products at favourable terms. Trade credit creates accounts receivable or trade debtors that the firm is expected to collect in the near future. The customers from whom receivable or book debt have to be collected in the future are called trade debtors or simply as debtors and represent the firms claim or asset. A credit sale has three characteristics: First‚ it involves
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Charge nurse page 1. Running head: Charge nurse competencies A qualitative study of charge nurse competences Charge nurse p 2. A qualitative study of charge nurse competencies This is a research critique of a qualitative study concerning the charge nurse role in medical-surgical and intensive care units. The purpose of this article is
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i) TPR is adjusted through intrinsic and extrinsic physiological responses that affect arteriolar resistance. The intrinsic controls include chemical and physical influences. The relative input of a various local metabolites is coordinated to control arterial blood flow; vasodilation results from chemical factors such as decreased oxygen‚ increased carbon dioxide and increased potassium. Another local chemical mediator is histamine‚ which is released during injury or allergic reactions
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