What is easy co average accounts payable balance

Assignment Help Managerial Accounting
Reference no: EM132942590

Question - Easy Co. buys on credit terms of 2/10, net 45, and it always pays on Day 45. If you calculate that this policy effectively costs your firm P181,671 each year using a 360-day year, what is Easy Co.'s average accounts payable balance?

Reference no: EM132942590

Questions Cloud

Find for december the amount of earnings per share : Determine for December 31, 2020 the amount of Earnings per Share. On July 1, 2020 Baltimore issued an additional 5,000 shares of common stock.
Determine the budgeted units of inventory for march : Determine the budgeted units of inventory for March 31. The Cardinal Company had a finished goods inventory of 55,000 units on January 1.
Identify breaches under the estate agents act 1980 : Identify TWO (2) breaches under the Estate Agents Act 1980. You must refer to the appropriate sections.
Determine the net increase in share premium : During the current year, a company issued 10,000, P55, par convertible preference shares for P75. Determine the net increase in share premium
What is easy co average accounts payable balance : If you calculate that this policy effectively costs your firm P181,671 each year using a 360-day year, what is Easy Co.'s average accounts payable balance
Determine the total materials variance : Determine the total materials variance and round to the nearest whole dollar. Enter a favorable variance as a positive number. Enter an unfavorable variance
Main components of telecommunications networks : 1 What are the main components of telecommunications networks and network technologies?
What amount of total monthly car sales : Easy Co. employs 45 sales personnel to market its sedan cars. What amount of total monthly car sales at which Easy Co. would be indifferent
How much revenue are bringing in to the firm : You might be looking at this, thinking, "why would we eliminate any of these customers? Look how much revenue they are bringing in to the firm?"

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

Free Assignment Quote

Assured A++ Grade

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd