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Q1. ABC Company sells on terms 3/10, net 30. Total sales for the year are P900,000. Forty percent of the customers pay on the tenth day and take discounts; the other 60 percent pay, on average, 45 days after their purchases. What is the average amount of receivables?
Q2. ABC Company has an accounts receivable turnover ratio of 3.0. What is the firm's average collection period? (Assume 360 days)
Q3. The times interest earned ratio of ABC Company is 4.5 times. The interest expense for the year was P20,000, and the company's tax rate is 40%. The company's net income is?
1. if you were to borrow 9300 over five years at 0.11 compounded monthly what would be your monthly payment?2. your
In 2018, Ramos Corp. acquired Anderson Co. and recorded goodwill of $120 million. What is the amount of the impairment loss
Various normative theories of measurement in accounting were developed during the 1960s and 1970s to address specific issues that related to problems.
What is meant by a forfeited shares reserve? What does it mean if a company has created a forfeited share reserve
construct a bond amortization table for this problem to indicate the amount of interest expenses and discount amortization at each May 31. Include only the first four years.
Prepare schedules to compute the profit or loss to be recognized as a result of this contract for the years ended December 31, 2020, 2021, and 2022
The effective interest method of amortization is being used. PAC expects the machine to have a ten-year life with no salvage value, and be depreciated on a straight-line basis. Collectability of the rentals isreasonably predictable, and there are ..
The purpose of the study is to examine the importance of auditing to big corporate houses. What is the importance of auditing big corporate houses
Compute total manufacturing costs for June, if there were 1,500 direct labor hours and P21,000 of raw material was purchased.
Determine the cost recorded in the journal for the following situation;Blazing Co. is looking for a new stove and has narrowed down their purchase
This course requires research, analysis, and drawing conclusions on a firm operating in the international business environment. This paper will provide you an opportunity to explore the many strengths and weaknesses a firm encounters in the intern..
Prepare a summary cash budget for the year, showing any borrowing and repayment of debt with interest. Discuss Big Als ability to repay the expansion loan. Include a discussion of the feasibility of the project. Include qualitative factors to be c..
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