How much is the company accounts receivable balance

Assignment Help Accounting Basics
Reference no: EM133118135

Questions -

Q1. Babye BeeSACk Inc. has a current stock price of P15.00 and is expected to pay a P0.80 dividend in one year. If Owen's equity cost of capital is 12%, what price would its stock be expected to sell for immediately after it pays the dividend?

a. P16

b. P12.80

c. P11.20

d. P16.80

Q2. Manny Traders sells on credit terms 2/10, net/30. Average daily credit sales is P50,000. On the average, 70% of the customers avail of the discount and pay on the 10th day after purchase, while the rest pays on the last day of the credit term. How much is the company's accounts receivable balance?

a. P1,500,00

b. P450,000

c. P800,000

d. P1,050,000

Reference no: EM133118135

Questions Cloud

Collaboration with people at all job levels-communication : Provide relevant knowledge and experience to clients, assist clients in meeting their targeted goals. Collaboration with people at all job levels. Communication
Calculate the amount of equity instrument : Calculate the amount of equity instrument if Smith Ltd needs to record any equity instrument. Give reasons to support your answer
List necessary journal entries associated with revaluation : List all necessary journal entries (including depreciations) associated with the revaluation of the machinery for the year ended 30 June 2022
Potential key intangible resource for firms : Brand valuations were mentioned in the chapter as a potential key intangible resource for firms.
How much is the company accounts receivable balance : On the average, 70% of the customers avail of the discount and pay on the 10th day after purchase, How much is the company accounts receivable balance
How many years can super ping recover the initial cost : Super Ping pays tax at a rate of 32% of income tax. In how many years can Super Ping recover the initial cost of investment in SP-20
What is meant by hypothesis testing : What is meant by hypothesis testing? Define null and alternative hypotheses. Define type I and II errors associated with hypothesis testing.
Walmart external situation analysis : Write a about Walmart's External Situation Analysis. Assessment of remote environment (STEEP)
Explain the major financial ratios and financial cycles : Explain the major financial ratios and financial cycles, debt ratio, debt to equity ratio, return on assets, return on equity, current ratio, quick ratio

Reviews

Write a Review

Accounting Basics Questions & Answers

  How city racquetball club cash management would differ

Explain how City Racquetball Club's cash management would differ from the present if the new membership plan and fee structure were adopted.

  What good response to information of accounting principle

Accounting Principle is the rules and guidelines that companies must follow. What is a good response to the information of Accounting Principle and summary?

  Which of the statements about materiality is not true

Which of the statements about materiality is NOT true? Any misstatements in the income statement less than 10% of revenue would be material to users.

  Complete the necessary journal entry

Complete the necessary journal entry by selecting the account names from the drop-down menus and entering the dollar amounts in the debit or credit columns

  Calculate number of refrigerators that glaucous must sell

Variable cost per unit is $290, and total fixed cost is $80,000. Calculate number of refrigerators that Glaucous must sell to earn operating income of $68,250

  Explaining the risks with differing positions

It is expected that all members of the team deliberate on the issue. If there are differing opinions, factor this into your reply to your client by explaining the risks with differing positions.

  What is the change in operating profits

What is the change in operating profits if the one-time-only special order for 1,030 units is accepted for $550 a unit by the company

  What are the tax consequences of the transaction to frank

Frank Manzano owns 60% of Manzano and Sons, Inc., a manufacturing company. His son, Frank Jr. owns the other 40%. Frank wants to retire and let Jr. take.

  What are budgeted purchases in units

Budgeted sales for December are 3, 500 units. The November 30 inventory was 550 units. What are budgeted purchases in units?

  Prepare journal entries to record second interest payment

On January 1, 2016, Knorr Corporation issued $1,400,000 of 6%, 5-year bonds dated January 1, 2016. Prepare journal entries to record second interest payment

  Describe how a capital lease would be accounted

Describe how a capital lease would be accounted for by the lessee both at the inception of the lease and during the first year of the lease

  How auditing the disposal of property

Using examples, explain and demonstrate how auditing the disposal of property, plant, and equipment provides evidence of depreciation expense.

Free Assignment Quote

Assured A++ Grade

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd