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Question - The following data are take from the records of Apple Corporation for the year ended December 31, 2020: Net credit sales - P576,000 ; Average Materials Inventory - P8,000.00 ; Average Finished Goods Inventory - P12,000.00 ; Average Accounts Receivables - P80,000.00 ; Average Account Payable - P120,000.00 ; Net Credit Purchases - P120,000.00 ; Raw Materials Used - P96,000.00 ; Gross Profit Rate - 25%. What is the average number of days in the company's operating cash conversion cycle? (Use a 360-day year).
Hotwire Inc., Prepare the Liabilities and Equity portion of the Pro-forma Balance Sheet for 2021. What is the projected debt ratio for 2021?
Compute the ending balances of Simmons and Capital. Post the closing entries to the accounts, denoting posted amounts as Clo.
Which of the following is not true for a firm with high operating leverage?
Reynolds Custom Builders (RCB) was established in 1987 by Avery Conway and initially built high-quality customized homes under contract with specific buyers. In the 2002s, Conway’s two sons joined the company and expanded RCB’s activities into the hi..
Prepare the journal entry to bring the books of the company up to date in 2021, assuming that the books have been closed for 2020.
Compute the net interest expense to be reported for this note and related swap transactions as of December 31, 2014.
What the estimated price notified to the customer for job number 808 will be? An engineering firm operates a job costing system. Production overhead is absorbed
Complete the Adjustments and the Adjusted Trial balance columns in the worksheet for the month. Depreciation Expense is $250.
How much is the taxable income of the retailer if he chooses the optional standard deduction and if he chooses the itemized deductions
How many units do they need to produce? If the company budgets 4000 units to sell for a month, has a beginning inventory of 1000 units and a desired ending
Calculate and record the depreciation expense for one month for the: Delivery Van using the straight line method and the Shop & Showroom
If a company's Current Assets figure is $12,000, How much additional credit can the company avail without bringing its Current Ratio below 2?
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