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If accounts receivables turnover ratio for the year 2012 was 5 times,
Part A) what will be the average collection period?
Part B) Assuming the same turnover ratio, what will be the value of opening accounts receivables if value of credit sales for the year 2012 was $ 175000 and closing accounts receivables was $ 40000? (Assume 365 days in a year)?
Part C) assuming the figure of opening A/R in part B, what will be the accounts receivables turnover ratio if the value of credit sales for the year 2012 was $ 115000?
Your supervisor tells you the marketing staff would also like clarification regarding prime and conversion costs and an explanation of how these terms fit with product and period costs. You are told that many on the staff are unable to classify co..
Compound interest is computed quarterly on $700 for seven years at 12 percent annual interest. The future value table is used by multiplying the $700 by which factor?
Garrison Company issued $500,000 bonds with a stated interest rate of 10% for $480,000 in 2009. The bonds pay interest annually and have a 10 year maturity. The amount of interest expense that should be recorded annually should be ?
biltmore financial is a banking services company that offers many different types of checking accounts. the bank has
Indicate the effect on the amount realized.
company produces one product. given production volume of 5200 units in march and 6200 units in april. direct materials
pitman chemical company manufactures and sells goody a product that sells for 10 per pound. the manufacturing process
axis corp is considering investment in the best of two mutually exclusive projects. project kelvin involves an overhaul
Prepare a direct materials budget for chips, by quarter and in total, for Year 2. At the bottom of your budget, show the dollar amount of purchases foe each quarter and for the year in total.
house of haddock has 5000 shares outstanding and the stock price is 140. the company is expected to pay a dividend of
1. w promotions sells t-shirts imprinted with college names and logos. next year the shirts are expected to sell
potential costs due to the discovery of a possible defect related to one of its products. these costs are probable and
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