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Debtors velocity 1.5 months
Stock velocity 4 months
Creditors velocity 1 month
Gross profit ratio 25%. Gross profit for the year amounts to Rs. 2,00,000. Closing Stock for the year is Rs. 20,000 above the Opening Stock. Bills Receivable amount to Rs. 25,000 and Bills Payable Rs. 5,666.
Question a: Find out the following figures:
1. Sales
2. Sundry debtors
3. Closing stock
4. Sundry Creditors
The possible outcomes of this random experiment are, What is the probability of getting heads on only one of your flips?
In its December 31, 2008 balance sheet, what amount should Kane report as pension asset/liability
Sapsora Company uses ROI to measure the performance of its operating divisions and to reward division managers. A summary of the annual reports.
Answer each of the following questions related to international accounting standards.
Prepare the journal entry that records the sale. How would this transaction flow through the financial statements
(a) What is the term used to describe the owner’s equity section of a corporation? (b) Identify the two owners’ equity accounts in a corporation and indicate the purpose of each.
1. what are the main pros and cons of a job-order costing system?2. what do you think would be the greatest challenge
marble corporation had the following balances in its stockholders equity accounts at december 31 2010. common stock 10
The industrial robots have 10-year useful lives and no material salvage value. Prepare the adjusting entry for 2013 depreciation
Determine On October 14, 2018. Josh sold the stock for $14500. Does Josh have short term or long term gain or loss and how much?
prepare a statement of cash flows indirect method in good form for lynch foundries inc. for 2014.information in
the systemsconsulting department of johnson swimwear designs data collectingencoding and reporting systems to fit the
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