How much of september revenue was collected in october

Assignment Help Financial Accounting
Reference no: EM132903086

Problem 1: Bad Dog Industries has an average collection period of 45 days. Suppose the firm booked $300,000 in credit sales in September. How much of the September revenue was collected in October? (Assume all months have 30 days.)

Group of answer choices

Option 1: $150,000

Option 2: $200,000

Option 3: $250,000

Option 4: $100,000

Reference no: EM132903086

Questions Cloud

Discuss the financial strengths of bbcc : Discuss the financial strengths and weaknesses of BBCC based on the financial condition as evident from the ratio analysis. Which ratios should you analyze
Virginia mason production system : Looking at the six focus areas of the Virginia Mason Production System, how is your organization preparing for the future of healthcare and lean thinking?
Determine whether trinity ltd incurred an impairment loss : Determine whether Trinity Ltd has incurred an impairment loss in relation to the asset. If so, determine the amount of the impairment loss
How much total return will investment earn : How much total return will his investment earn during this time period? Mr. Nailor invests $5,000 in a money market account at his local bank.
How much of september revenue was collected in october : Suppose the firm booked $300,000 in credit sales in September. How much of September revenue was collected in October? (Assume all months have 30 days.)
Make an incremental analysis for the five years : Make an incremental analysis for the 5 years showing whether Aurora should keep the existing machine or buy the new machine
Acquiring ailing printing companies : Quebecor Printing is a commercial printing company that is expanding, acquiring ailing printing companies, and moving into international markets.
Greenacre city school district : Dr. Jack is a physician at DurfMedical in Greenacre. Sara is a bus driver for the Greenacre City School District (GCSD) and earns $3,000 per month.
Record the transactions in journal entries : Of this amount, $42,000 was for direct materials and the remainder was for indirect materials. Record the transactions in journal entries

Reviews

Write a Review

Financial Accounting Questions & Answers

  Compute the overhead applied

Compute the predetermined overhead rate and compute the overhead applied.

  Find balance sheet metro cagayan sales corporation

December 31 20A trial balances, In its December 31,20A balance sheet metro cagayan sales corporation should report total stockholders equity of?

  Standard direct labor-hour and fixed manufacturing

Morton Company’s variable manufacturing overhead should be $4.50 per standard direct labor-hour and fixed manufacturing should be $270,000 per year. The company manufactures a single product that requires two direct labor-hours to complete. The direc..

  How must friendly corp report the contribution

How must Friendly Corp. report the contribution in its financial statements at the end of each reporting period and as of the inception of the agreement?

  Prepare schedule to calculate taxable income

Prepare schedule (starting with pretax accounting income) to calculate taxable income. On your schedule, indicate a subtotal for accounting income

  Determine optimal capital structure

Calculate degree of financial leverage taken into account 50% tax rate. Determine optimal capital structure. Calculate EBIT and EPS at breakeven point

  Call option with an exercise price

A put option and a call option with an exercise price of $85 and three months to expiration sell for $2.40 and $5.09, respectively. If the risk-free rate is 4.8 percent per year, compounded continuously, what is the current stock price?

  What is the amount of deferred tax expense

Cumulative temporary difference at 12/31/14 giving rise to future deductible amount 350,000. What is the amount of deferred tax expense

  How compute the coefficient of correlation

What conclusions can you reach about the relationship between a? coach's salary and? revenue? Compute the coefficient of correlation.

  How much is balance of unearned gift certificates payable

Gallery Department Store sells gift certificates, How much is the balance of the unearned gift certificates payable as of December 31, 2021

  Determine the market value proportions of debt

Determine the market value proportions of debt, preference shares and ordinary equity comprising the company's capital structure.

  What amount of net income should be credited to each partner

Income from fees are P 90,000, while expenses total P 48,000. What amount of net income should be credited to each partners' capital account?

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