The company recognize on its income statement

Assignment Help Financial Management

Reference no: EM132032827

1. Given the following data: Credit sales = 3,650,000; Cost of Goods Sold (Cogs) = 2,000,000; and Average Accounts Receivable = 500,000. Calculate the receivables period (Use 365 days a year) Please show your work! (answer should be in days)

2. Randy's tireland makes a product that sells for $65 per unit and has $45 per unit in variable costs. Annual fixed costs are $24,000. If Rambles sells 10 units less than breakeven, how much loss would the company recognize on its income statement? (As the question asks "how much loss" you don't have to put the negative sign. For example, suppose the loss is 100, then write the answer as 100 rather than -100.)

Reference no: EM132032827

Questions Cloud

What is the capital surplus account : What is the capital surplus account after the 10 percent stock dividend?

Disaster recovery plan for an organization : Disaster Recovery Plan (DRP) for an organization. Please include your references also.

What values would be assigned to ending inventory : If Blue Star uses the first-in, first-out (FIFO) inventory method (periodic approach), what values would be assigned to ending inventory

The effectiveness of the presentation of your argument : Reviewing the effectiveness of the presentation of your argument and the support provided by your research, this assignment gives you the opportunity.

The company recognize on its income statement : If Rambles sells 10 units less than breakeven, how much loss would the company recognize on its income statement?

What is the basic flaw in the fiedler model : What is the basic flaw in the Fiedler's model (situation approach)? How would you explain in to someone?

What is revolving credit agreement : What is a line of credit? What is a revolving credit agreement?

Provision for all relevant information to be included : The document could be in the form of a detailed checklist but should contain provision for all relevant information to be included.

Hr manager of a financial services organisation : You are a HR manager of a financial services organisation. You need to ensure your employees know about the types of ethical behaviour which are required

User Account

All Pages