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Questions -
Q1. Powell Industries manages clients all through the country and is endeavoring to all the more proficiently gather its records receivable. A significant bank has offered to and work a lockbox framework for Powell at an expense of $90,000 each year. Powell midpoints 300 receipts each day at a normal of $2,500 each. Its momentary premium expense is 8% each year. Utilizing a 360-day year, what decrease in normal assortment time would be required to legitimize the lockbox framework?
a. 0.67 days.
b. 1.20 days.
c. 1.25 days.
d. 1.50 days.
Q2. A strategy for assessing uncollectible records that underscores resource valuation instead of pay estimation is the remittance technique based onAging the receivables.
a. Direct discount.
b. Gross deals.
c. Credit deals less returns and remittances.
Q3. Which of the accompanying demonstrations consistently will bring about the all out arrival of a repaid guarantee?
a. The loan boss changes the way of the chief borrower's installment.
b. The loan boss stretches out the chief borrower's an ideal opportunity to pay.
c. The chief borrower's commitment is halfway delivered.
d. The chief indebted person's exhibition is offered.
Prepare journal entries for Pat Corporation to record its acquisition of Saw Corporation, including all allocations to individual asset and liability accounts.
What would the total opportunity cost be if by accepting the special order the company lost sales of 6,000 units to its regular customers?
calculte the folowingn1 gdp in income approachnbsp and expenditure approach2 gnp3 net gnp4 national income5 personal
Prepare an income statement showing percentages as well as dollar amounts. Conclude your statement with income from operations for the business
Rosie's Roses produces three colors of roses: red, white, and peach. Is the cost of the type of fertilizer required by each type of rose a good weight factor
A bank will make a $108,000 loan to the company at a 10% interest rate for this equipment's purchase. Compute the recovery time for both
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What variable factory utility cost per case bottled is closest to? A soft drink bottler incurred the following factory utility costs: $3,936 for 800 cases
What is the amount of cash April Wood Products received from customers during the reporting period if its sales were $44 million?
To its customers on credit for $20000. Customers pay Toshyo $12000 during this month. Inventory increases by? Payables increase by?
During the year, 80,000 units were sold for $650, while 88,000 units were produced. What is the ending finished goods inventory under variable costing
Managerial accounting uses non-financial standards to measure performance. Management and employees (or their unions) often debate these standards.
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