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Question - The following are the ratio relating to the activities of National Traders LLC:
Debtors velocity 4 months
Stock velocity 6 months
Creditors velocity 3 months
Gross profit ratio 50%
Gross profit of the current year ended 31st December amount to AED. 400,000. Closing stock of the year is AED. 7500 above the opening stock. Bills receivables amount to AED.25000 and bills payable to AED 10,000. Cash Sales of the company was AED 25000. Find out:
(a) Find out Credit Sales.
(b) Find out Sundry debtors.
(c) Find out Closing stock.
(d) Find out Sundry creditors.
(e) Find out Cost of Goods sold.
Calculated Total Bond Issue Balance. Jiggy Jams Incorporated is financing the expansion of its music retail stores by issuing 5 year, $8,250,000
Jane can invest her winnings at an interest rate of 8% compounded annually at a major bank. Which of the payment options should Jane choose
The Peluso plant has the equipment and labor force required to manufacture the headlights. The design engineer estimates that each headlight requires $4 of direct materials and $3 of direct labor
Cooling Chécheres S.A, Record the Accounts Receivable as of January 31, 2021 (which includes the calculation of the Net Accounts Receivable)
In order to assess the financial health of a company, why do we have to calculate rations? Why can't we simply look at $ amounts of projfits
Different forms of business organizations are governed by different regulations. List and briefly explain the different forms of business organizations
Does the company have bonds payable? If so, what are the amounts? Please also describe how bonds payable differ from notes payable and how to account for the issuance of bonds at par, at a discount, and at a premium. How is the discount and premium a..
Outline the fundamental qualitative characteristics that financial accounting information should possess and discuss whether a trade-off maybe required
Create a reconciliation of the difference each year in the operating income resulting from the full and variable costing methods
IRR has been calculated to be 22% of cash flows are evenly distributed over the life of the project what is the annual cash flow generated by the project
Ellie purchases an insurance policy on her life and names her brother. Jason, as the beneficiary. Ellie pays $32,000 in premiums for the policy during her life. When she dies, Jason collects the insurance proceeds of $500,000. As a result, how much g..
Date of bonds: Issued January 1, 2010; maturity date: January 1, 2015; face value: $200,000; face interest rate: 10 percent paid semiannually (5 percent per period); market interest rate: 8 percent (4 percent per semiannual period); issue price: $216..
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