Business, 18.06.2020 00:57 Fahaddie

Suppose the following information was taken from the 2022 financial statements of FedEx Corporation, a major global transportation/delivery company. (in millions) 2022 2021
Accounts receivable (gross) $ 3,740 $ 4,610
Accounts receivable (net) 3,400 4,350
Allowance for doubtful accounts 340 260
Sales revenue 33,325 35,825
Total current assets 7,170 7,292
Answer each of the following questions.
Calculate the accounts receivable turnover and the average collection period for 2022 for FedEx.
A. Accounts receivable turnover times
B. The average collection period for 2022days

Answers: 1

Show answers

Another question on Business

Business, 22.06.2019 02:50

Wren pork company uses the value basis of allocating joint costs in its production of pork products. relevant information for the current period follows: product pounds price/lb. loin chops 3,000 $ 5.00 ground 10,000 2.00 ribs 4,000 4.75 bacon 6,000 3.50 the total joint cost for the current period was $43,000. how much of this cost should wren pork allocate to loin chops?

Answers: 1

Answer

Business, 22.06.2019 21:50

Varto company has 9,400 units of its sole product in inventory that it produced last year at a cost of $23 each. this year’s model is superior to last year’s, and the 9,400 units cannot be sold at last year’s regular selling price of $42 each. varto has two alternatives for these items: (1) they can be sold to a wholesaler for $8 each, or (2) they can be reworked at a cost of $251,100 and then sold for $34 each. prepare an analysis to determine whether varto should sell the products as is or rework them and then sell them.

Answers: 2

Answer

Business, 22.06.2019 22:30

Rahm's credit card issuer calculates interest based on the outstanding balance at the end of the last billing period. what is this method of calculating interest on a credit card called?

Answers: 2

Answer

Business, 23.06.2019 00:10

During the current year, luis university received a $50,000 gift from an alumna who specified that it must be used to pay travel costs for faculty to attend health care conferences in foreign countries. during the year the university spent $8,000 to support travel to a health care conference in italy. the $8,000 disbursement will cause a net decrease in which class of net assets?

Answers: 1

Answer

You know the right answer?

Suppose the following information was taken from the 2022 financial statements of FedEx Corporation,...

Questions