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Problem 1: Pepito Company sells on terms of 3/10, net 30. Gross sales for the year are P1,200,000 AND THE COLLECTION DEPARTMENT ESTIMATES THAT 30 PERCENT OF THE CUSTOMERS PAY On the tenth day and take discounts; 40 percent pay on the thirtieth day; and the remaining 30 percent pay, on average, 40 days after the purchase. Assume 360 days per year. What current receivable balance?
a. 80,000b. 75,000c. 60,000d. 90,000
T is guaranteed a minimum share of P24,000 and remainder is divided 30:30:40. The minimum profit to give an aggregate of P20,000 to S is
Compare the following risk preferences: (a) risk averse; (b) risk neutral; and (c) risk seeking. Which risk preference is most common among financial managers?
Calculate the closing WIP (units and $) and the value of completed goods for the month ended 29 February 2019.
During the periods of time covered by the transactions was the Canadian dollar getting stronger or weaker relative to the Euro and the U.S. dollar ?
Establish the safety margin if the expected sales level. How many units must be sold to obtain profit before tax of $12,000? Determine the variable.
A,B and C started a business with $30,000, $50,000 and $80,000 respectively. A was paid 20% of the total profit. If A's share is $28,000, then B's share is?
What is the competitive strategy for Fowler's Farm? why? Fowler's Farm is a 1,000-acre dairy and tobacco farm located in southern Virginia.
Davis Company manufactures used parts in production of widgets. When 10,000 items are produced, the costs per unit are:
Make a CASH BUDGET for each of the calendar months of June and July (yes, just 2 months. Hint, set up two columns, one for each month)
What would a full flexible budget report for August 2019 showing actual performance against budget, assuming that the company used 3,000 machine
What is the materials quantity variance for the month? The following materials standards have been established for a particular product
What were the reasons offered for implementing ABC? What implementation procedures were used? How many activities were identified?
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