Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
XYZ Ltd. provides you the following information in respect of its present debtors policy and proposed debtors policies:
Particulars
Present Policy
Proposed Policy I
Proposed Policy II
Average Collection Period
90 days
45 days
135 days
Credit Sales
$2,500,000
$1,500,000
$7,500,000
Required Rate of Return (Pre-tax)
20%
Bad Debts (%)
5%
2.5%
10%
Selling Price per unit
$500
Variable Cost per unit (% of Sales)
85%
Average Cost per unit
$450
Required: Suggest which policy is the best (Assume 360 days in a year)
Maggie's Muffins, Inc., generated $4,000,000 in sales during 2016, and its year-end total assets were $2,400,000. Also, at year-end 2016, current liabilities were $1,000,000, consisting of $300,000 of notes payable, $500,000 of accounts payable, and ..
Kathleen, age 56, works for MH, Inc. in Dallas, TX. Kathleen contributes to a Roth 401k and MH contributes to a traditional 401k on her behalf. Kathleen has contributed $30,000 to her Roth 401k over the past six years. The current balance in her Roth..
Cane Company manufactures two products called Alpha and Beta that sell for $195 and $150, respectively. Each product uses only one type of raw material that costs $5 per pound. The company has the capacity to annually produce 123,000 units of each pr..
The following expenses were incurred by a merchandising business during the year. In which expense section of the income statement should each be reported: (a) selling, (b) administrative, or (c) other?
Transaction analysis-various accounts LO 6, 8, 9 For each of the following transactions or adjustments, indicate the effect of the transaction or adjustment on assets, liabilities, and net income by entering for each account affected the account name..
What do we mean by a change in accounting principle? Where are changes in accounting principle disclose on a company's annual report? How is the change reflected on a company's financial statements? The most noteworthy item on the income statement is..
Prepare summary journal entries for 2011 and 2012 to account for the installment sales and cash collections. The company uses the perpetual inventory system.
Brent gets a loan from San Fransisco Bank. Brent signs a standard form note prepared by the bank. The note obligates Brent to pay the bank the amount of the loan, plus interest.
The text titled "High Fixed Costs Bankrupt Twinkie Maker" regarding the bankruptcy of Hostess Brands - maker of the renowned Twinkie! Identify the cause of the bankruptcy in terms of variable costs and fixed costs. Utilize your knowledge of costs to ..
Purpose the journal entries needed in the Capital Projects Fund to account for the above transactions. Manage closing entries.
What amounts would Coca-Cola report for long-term debt (1) on the face of its December 31, 2012 balance sheet and (2) and on the income statement with respect to the note's fair value change?
A stock that pays no dividends is currently priced at $40 and is expected to increase in price to $45 by year end. The expected risk premium on the market portfolio is 6% and the risk-free is 5%.
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd