Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Compute the number of orders placed in the month of January and cash collected in the month of April as details furnished below
Tab Comp Inc. is a retail distributor for MZB-33 computer hardware and related software. Tab Comp prepares annual sales forecasts of which the first six months of the coming year are presented below.
Hardware Units
Hardware Dollars
Software
Total Sales
January
130
$390,000
$160,000
$550,000
February
120
$360,000
$140,000
$500,000
March
110
$330,000
$150,000
$480,000
April
90
$270,000
$130,000
$400,000
May
100
$300,000
$125,000
$425,000
June
125
$375,000
$225,000
$600,000
Cash sales account for 25% of Tab Comp's total sales, 30% of the total sales are paid by bank credit card, and the remaining 45% are on open account (Tab Comp's own charge accounts). The cash and bank credit card sale payments are received in the month of the sale. Bank credit card sales are subject to a 4 % discount which is deducted immediately. The cash receipts for sales on open account are 70% in the month following the sale, 28% in the second month following the sale, and the remaining are uncollectible. Tab Comp's month-end inventory requirements for computer hardware units are 30% of the next month's sales. The units must be ordered two months in advance due to long lead times quoted by the manufacturer. Required: a. Calculate the cash that Tab Comp can expect to collect during April. Show all of your calculations. b. Determine the number of computer hardware units that should be ordered in January. Show all of your calculations.
What are reversing entries and why are they required? What transactions might require reversing entries? What transactions might not? What would happen if reversing entries were not made?
write a paper of no more than 1000 words responding to the questions below format the paper and presentation consistent
Determine whether STL Entertainment should acquire the boat. Assume a 14% desired return on all investments,- round calculations to the nearest dollar.
Audit report and financial statements for the system
on 1st november 2011 olympic company adopted a stock option plan that granted options to key executives to purchase
How much knowledge about computer security do internal and external auditors need to be effective?
cost of goods manufactured balance in the raw materials inventory account.dasilvia company had only 1 job in process on
Discuss the differences in how property, plant, and equipment is audited compared to current assets.
Recommend a transfer price and describe your reasons for choosing that price and determining the transfer price.
Cost allocations have to make sense. What drives consumption of costs? What are drivers and how do they help in the allocation process?
question using the internet evaluate a recent case in the news about business fraud that involved systems andor
gain of loss on sale of the 20 interest balance in purples investment.the balance of purple companys investment in
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd