Nuveen Dividend Advantage Muni Fund 2 (Nuveen Dividend Advantage Muni Fund 2) Change In Receivables : $6.92 Mil (TTM As of Oct. 2015)

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What is Nuveen Dividend Advantage Muni Fund 2 Change In Receivables?

Nuveen Dividend Advantage Muni Fund 2's change in receivables for the quarter that ended in Oct. 2015 was $4.52 Mil. It means Nuveen Dividend Advantage Muni Fund 2's Accounts Receivable declined by $4.52 Mil from Apr. 2015 to Oct. 2015 .

Nuveen Dividend Advantage Muni Fund 2's change in receivables for the fiscal year that ended in Oct. 2015 was $6.92 Mil. It means Nuveen Dividend Advantage Muni Fund 2's Accounts Receivable declined by $6.92 Mil from Oct. 2014 to Oct. 2015 .

Nuveen Dividend Advantage Muni Fund 2's Accounts Receivable for the quarter that ended in Oct. 2015 was $0.00 Mil.

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 Receivable are being managed. Nuveen Dividend Advantage Muni Fund 2's Days Sales Outstanding for the six months ended in Oct. 2015 was 0.00.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Nuveen Dividend Advantage Muni Fund 2's liquidation value for the six months ended in Oct. 2015 was $-218.68 Mil.

Nuveen Dividend Advantage Muni Fund 2 Change In Receivables Historical Data

The historical data trend for Nuveen Dividend Advantage Muni Fund 2's Change In Receivables 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 Change In Receivables Chart

Nuveen Dividend Advantage Muni Fund 2 Annual Data

Trend

Oct10

Oct11

Oct12

Oct13

Oct14

Oct15

Change In Receivables

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-22.81

31.45

-7.92

0.26

6.92

Nuveen Dividend Advantage Muni Fund 2 Semi-Annual Data
	Apr10	Oct10	Apr11	Oct11	Apr12	Oct12	Apr13	Oct13	Apr14	Oct14	Apr15	Oct15
Change In Receivables	Get a 7-Day Free Trial							0.55	8.95	-8.68	2.40	4.52

Nuveen Dividend Advantage Muni Fund 2 Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Oct. 2015 adds up the semi-annually data reported by the company within the most recent 12 months, which was $6.92 Mil.

Nuveen Dividend Advantage Muni Fund 2 (AMEX:NXZ) Change In Receivables 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 Receivable 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 liquidation value, 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 liquidation value for the quarter that ended in Oct. 2015 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0	-	218.682	+	0.75 * 0	+	0.5 * 0
=	-218.68

Nuveen Dividend Advantage Muni Fund 2 Change In Receivables Related Terms

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

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Nuveen Dividend Advantage Muni Fund 2 (AMEX:NXZ) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

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Address

Website

http://www.nuveen.com

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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