Chapter_7_sm(2)

Chapter_7_sm(2) - Receivables Ratios • Accounts...

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Sales Revenue, Receivables, and Cash Chapter 7
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Sales Revenue Revenue Recognition Principle Installment Method Percentage of Completion Method Completed Contract Method
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Other Sales Issues Sales Returns and Allowances Credit Card Discounts Sales Discounts Gross Profit Percentage = Gross Profit Net Sales
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Receivables Bad Debts Percentage of Credit Sales Aging of Accounts Receivable
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Unformatted text preview: Receivables Ratios • Accounts Receivable Turnover Ratio = Net Sales Average Net Accounts Receivable Receivables Ratios • Average Collection Period = Average Net Accounts Receivables Average Sales per Day Or = 365 days Accounts Receivable Turnover Ratio Control of Cash • Level of Cash • Internal Controls • Bank Reconciliation...
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This note was uploaded on 12/02/2010 for the course AFM 20220098 taught by Professor Sproule during the Spring '09 term at Waterloo.

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Chapter_7_sm(2) - Receivables Ratios • Accounts...

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