What is involved with the average collection period

Assignment Help Financial Accounting
Reference no: EM132894028

Problem 1: What is involved with the average collection period?

a. trade receivables

b. trade and other payables

c. taxes payable

d. cash

Problem 2: Given the following information, what is the revenue break even point?

Selling price per unit $ 200

Variable cost per unit $ 100

Total fixed costs $ 100,000

a. $ 100,000

b. $ 250,000

C. $ 200,000

d. $ 500,000

Problem 3: What amount will be paid if company pays a $ 200 with terms of 2 % 10 N 30 after 20 days?

a. $ 190

b. $ 196

c. $204

d. $ 200

Problem 4: A company sells 10,000 units at a cost of $ per unit for a total of $ costs. The same company sells at the same cost of $ 10 per unit for a total of $ 300,000 in costs. What are these costs called ? 00, 000in; 20, 000units

a. total costs

b. total variable costs

c. total fixed costs

d. total semi - variable costs

Problem 5: Given the following information, what is the revenue break - even point ? Selling price per unit $ 200 Variable cost per unit $ 100 Total fixed costs $ 100,000

a. $ 200, 000

b. $ 100,000

c. $ 500,000

d. $ 250,000

Reference no: EM132894028

Questions Cloud

Calculate the cost to buy the equipment from each maker : Calculate the cost to buy the equipment from each maker, in today's money, if money is valued at 10% compounded semi-annually
Develop a list of key success indicators : Develop a list of Key Success Indicators that could and should have been measured on completion. Rank them in order of priority for this project
Determine the present value of the series : The payment will be received 1 month from today. Determine the present value of this series assuming an interest rate of 12% per year compounded semi-annually.
How many MONTHS ago did you borrow the money : You borrowed $12,000 at 3.5%. You repay the loan with an interest of $630. How many MONTHS ago did you borrow the money
What is involved with the average collection period : What is involved with the average collection period? What amount will be paid if company pays a $ 200 with terms of 2 % 10 N 30 after 20 days?
Prepare the liabilities section of the statement : Prepare, in good form, the liabilities section of the statement of financial position for Frobisher Limited as at December 31, 2020
What is the effect of using discount rate on need to write : Casey Co Ltd is assessing the recoverable amount of some land. What is the effect of using the discount rate on the need to write down the value of the asset?
How many hours did the firm actually work : If the company's standard hours allowed for actual production totaled 8436, how many hours did the firm actually work
What is correct at end of year with respect to revaluation : The building will remain the same and salvage value is expected to be $100 000. What is correct at end of year 25 with respect to the revaluation?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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