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Nuveen Dividend Advantage Muni Fund 2 (Nuveen Dividend Advantage Muni Fund 2) Accounts Receivable : $0.00 Mil (As of Oct. 2015)


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What is Nuveen Dividend Advantage Muni Fund 2 Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Nuveen Dividend Advantage Muni Fund 2's accounts receivables for the quarter that ended in Oct. 2015 was $0.00 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Nuveen Dividend Advantage Muni Fund 2's Days Sales Outstanding for the quarter that ended in Oct. 2015 was 0.00.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Nuveen Dividend Advantage Muni Fund 2's Net-Net Working Capital per share for the quarter that ended in Oct. 2015 was $-7.42.


Nuveen Dividend Advantage Muni Fund 2 Accounts Receivable Historical Data

The historical data trend for Nuveen Dividend Advantage Muni Fund 2's Accounts Receivable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Nuveen Dividend Advantage Muni Fund 2 Accounts Receivable Chart

Nuveen Dividend Advantage Muni Fund 2 Annual Data
Trend Oct10 Oct11 Oct12 Oct13 Oct14 Oct15
Accounts Receivable
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Nuveen Dividend Advantage Muni Fund 2 Semi-Annual Data
Apr10 Oct10 Apr11 Oct11 Apr12 Oct12 Apr13 Oct13 Apr14 Oct14 Apr15 Oct15
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Nuveen Dividend Advantage Muni Fund 2 Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.


Nuveen Dividend Advantage Muni Fund 2 Accounts Receivable Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's accounts receivables are being managed.

Nuveen Dividend Advantage Muni Fund 2's Days Sales Outstanding for the quarter that ended in Oct. 2015 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0/14.401*91
=0.00

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Nuveen Dividend Advantage Muni Fund 2's accounts receivable are only considered to be worth 75% of book value:

Nuveen Dividend Advantage Muni Fund 2's Net-Net Working Capital Per Share for the quarter that ended in Oct. 2015 is calculated as:

Net-Net Working Capital Per Share
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0+0.75 * 0+0.5 * 0-218.682
-0-0)/29.4535
=-7.42

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.


Nuveen Dividend Advantage Muni Fund 2 Accounts Receivable Related Terms

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Nuveen Dividend Advantage Muni Fund 2 (Nuveen Dividend Advantage Muni Fund 2) Business Description

Traded in Other Exchanges
N/A
Address
Nuveen Dividend Advantage Muni Fund 2 invests in municipal securities that are exempt from federal income taxes. The Company's investment objective is to provide current income exempt from regular federal income tax and to enhance portfolio value.
Executives
Margaret L. Wolff other: Trustee C/O NUVEEN 333 W. WACKER DR., STE 3400, CHICAGO IL 60606
Sherri A Hlavacek officer: Vice President and Treasurer 333 WEST WACKER DRIVE, C/O NUVEEN INVESTMENTS, CHICAGO IL 60606
David J Lamb officer: Vice President 333 W WACKER DRIVE, C/O NUVEEN INVESTMENTS, CHICAGO IL 60606
Gifford R Zimmerman officer: Chief Administrative Officer 333 W WACKER DRIVE, C/O NUVEEN INVESTMENTS, CHICAGO IL 60606
Citigroup Inc 10 percent owner 388 GREENWICH STREET, NEW YORK NY 10013
John Kevin Nelson other: Trustee C/O NUVEEN INVESTMENTS, 333 W. WACKER DR, STE 3400, CHICAGO IL 60606
Schreier Thomas S Jr other: Trustee C/O NORTHWEST AIRLINES, 1689 NONCONNAN BLVD, MEMPHIS TN 38132
Joel T. Slager officer: Vice President C/O NUVEEN INVESTMENTS, 333 W. WACKER DR, STE 3400, CHICAGO IL 60606
Steven M. Hlavin other: Portfolio Manager 333 W. WACKER DRIVE, SUITE 2900, CHICAGO IL 60606
Spalding Thomas C Jr officer: V.P. & Portfolio Manager 333 W WACKER DRIVE, C/O NUVEEN INVESTMENTS, CHICAGO IL 60606
Douglas J White other: Portfolio Manager 800 NICOLLET MALL, MINNEAPOLIS MN 55402
Virginia Stringer other: Trustee 800 NICOLLET MALL, C/O US BANCORP ASSET MANAGEMENT, MINNEAPOLIS MI 55402
Kathleen L Prudhomme officer: Vice President 800 NICOLLET MALL, MAIL STOP BC-MN-H21C, MINNEAPOLIS MN 55402
Christopher L Drahn other: Portfolio Manager 800 NICOLLET MALL, MAIL STOP BC-MN-H21C, MINNEAPOLIS MN 55402
Michael S. Hamilton other: Portfolio Manager C/O NUVEEN INVESTMENTS, 333 W. WACKER DRIVE, CHICAGO IL 60606

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