The Following Data Are Taken from the Financial Statements of Bar

question 131

Essay

The following data are taken from the financial statements of Bar Harbor Company: $\begin{array}{lrr}&2014&2013\\\text { Average accounts receivable } & \$ 530,000 & \$ 550,000 \\\text { Net sales on account } & 5,800,000 & 5,200,000 \\\text { Terms for all sales are } 2 / 10, \mathrm{n} / 30 & &\end{array}$ Instructions
(a) Compute the accounts receivable turnover and the average collection period for both years.
(b) What conclusion can an analyst draw about the management of the accounts receivable?

Understand the differences between nurture and nature and their impacts on behavior and mental processes.

Recognize the historical development of psychology and identify key figures and their contributions to the field.

Comprehend the primary schools of thought in psychology including structuralism, functionalism, psychoanalysis, behaviorism, and Gestalt theory.

Analyze the nature/nurture debate and its significance in psychology.

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Definitions:

Pre-acquisition Earnings

Earnings accumulated by a company prior to being acquired by another entity.

Retained Earnings

The portion of net income left over for a business after it has paid out dividends to its shareholders.

Acquisition Value

Acquisition Value is the total cost incurred to acquire an asset, including the purchase price and all related expenses.

Acquired Net Assets

The total assets purchased from a company during an acquisition minus the liabilities assumed in the process.