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Question - Receivables: Credit Terms: ABC sold boxes of candles at P1,000 each. For each box, ABC incurs variable cost of P750. Daily sales total 500 boxes over its 250-work day year. All sales are on credit. For the coming year, it plans to accept customers who have less desirable credit ratings. Sales are expected to increase by 10%. Average collection period will increase from 40 days to 50 days. Bad debts will increase from 1% to 3%% of sales. Fixed expenses will stay the same. For profitability analysis, ABC uses an 8% effective interest rate. If ABC proceeds with its plan to accept the new market group, compute the increase in contribution margin.
Determine the effective annualized cost of forgoing the trade credit discount on the following terms:
Which is true about theories in general? Theories must be based on inductive reasoning to provide a generalisation or prediction.
assess the short- and long-term impact the disaster had to the business and stakeholders. Provide specific examples to support your response.
Sunland Company has net sales of $400,000 and cost of goods available for sale of $278,000. What is the estimated cost of the ending inventory
On December 31, Bryant Company had an ending inventory of $114,300, Using the information given above, compute the correct final balance of Inventory
Accrued wages ($6,100). Indicate the effect of each error, considered individually, on the income statement for the current year ended July 31.
During the year, net sales were $159,000; gross profit was $67,000; Calculate cost of goods sold, income from operations, income before taxes
Compute the lower of cost or market for ending inventory assuming Rey applies the lower of cost or market rule to inventory as a whole
What risks or challenges might an accountant encounter if they have not mastered these objectives? Explain
What are the market size and market share variances for Frames For You Inc.
Estimate the pretax profit effect of the price change, assuming no effect on the variable cost rate, on total fixed costs, or on sales of other products
stillwater designs rebuilds defective units of its s12l7 kicker speaker model. during the year stillwater rebuilt 7500
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