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Question - Wells and excavation currently generates $72,000 in annual credit sales. Awe sells on terms of net 50, and its accounts receivable balance averages $12,000. Awe is considering a new credit policy with terms of net 25. Under the new policy sales will decrease to 68,000, and accounts receivable will average $13,600. Compute the days sales outstanding (DSO) under the existing policy and the proposed policy.
For a random variable that is normally distributed, with µ, 5 80 and a 5 10, determine the probability that a simple random sample of 25 items will have a mean that is
Lance sold the property, Lance paid a sales commission to his broker of $16,000 to sell the land. What is Lance's realized gain on the sale
department a department b department c total sales 300000 280000 120000 700000 variable expensesnbsp 160000 175000
Would you have sales be a profit center or a cost center? Explain the nature of the P&L if a profit center or cost centers.
Boyles decides to borrow an amount sufficient to pay the $240,000 not and also to cover the compensating balance. How much must Boyles Glass borrow
the design team just decided to save 1500 a month for the next 5 years as a safety net for recessionary periods. the
The revenues and expenses of such extended warranties?
Perry Company gathered the following actual results for the current month: Units produced - 5,500. What is the direct labor efficiency variance
Unimproved land adjacent to the store was condemned by the city on February 1. The condemnation proceeds were $25,000. The land, acquired in 1984, had an allocable basis of $40,000. Larry has additional parking across the street and plans to use t..
on january 2 20x1 bruce greene invested 10000 in the stock market and purchased 500 shares of heartland development
Prepare a partial balance sheet for Pollard Corporation, showing the manner in which the above liabilities should be presented at December 31, 2017
There are many types of risk that come into play during the audit process. Describe the following four main risks:
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