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Question 1: Accounts receivable are P30,000 and the turnover rate is 24 times a year. As turnover rate of 18 times in one year is desired to increase sales by 20%. How much must be the estimated accounts receivable to be maintained?
Question 2: Merchandise Inventory of P60,000 turns over every 20 days on the average. How much must be the increase (decrease) therein if it is desired that turnover rate be 15 times in one year?
Question 3: Bam sells on terms of net 20 days, but its accounts receivable average 10 days overdue. Assuming a 360-day year and annual credit sales of P 2.4 million, the book value of Jam's receivables is
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ocate the Statements of Cash Flows in your company's 10-K, Compute Free Cash Flows (show your computations) for the two most recent years
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Clemente has identified two items that are treated differently in the financial records and in the tax records. The first one is interest income on municipal bonds, which is recognized on the financial reports to the extent of $5,000 each year but..
Buzz Bee Yard Company' Apiary began, Prepare all the journal entries for Buzz's bee hives activities for 2020, as per the information in (a) to (f).
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