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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 is the average collection period?
a. 20 daysb. 27 daysc. 13 daysd. 10 days
Determine the product margins for each product. Determine the amount of overhead cost that would be assigned to each product using activity-based costing.
He is considering adding various hockey equipment product lines. Which of the following reflect potentially irrelevant information in this decision?
DOD receives a Foreign Military Sales Letter of Request from and allied nation for a DOD system that is currently in Low Rate Initial Production
Demonstrate How would the transfer price change if the assembly division had no spare capacity? Determine a transfer price using the general rule.
How the new transactions would look in a journal. Ie. how the money goes to each account, debit or credit. The opening balances of all the accounts
Compute the anticipated break-even number of barrels for the following year. Compute the break-even number of barrels for the current year
If the old machine is replaced, it can be sold for $35200. The company uses straight-line depreciation with a zero salvage value for all of its assets
should the company record sales when orders are placed or, to be consistent with GAAP, wait until orders are delivered?
Based on case study Siemens A : Exploring the future, what is the impact of general environment to Siemen's strategies and performances?
Create two contribution format income statements, one assuming that operations are not automated and one assuming that they are.
What the firms break-even point in units was? Fixed costs totaled $325,800, the unit selling price of the firm's only product was $60, and the variable costs
Determine the required sales to meet the target operating income during 2020. Jagswear Inc. earned operating income of $81,000 during 2020.
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