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Question 1 - ABC Company has an inventory conversion period of 60 days, a receivable conversion period of 35 days, and a payment cycle of 26 days. If its sales for the period just ended amounted to P972,000, what is the investment in accounts receivable? (Assume 360 days a year.)
Question 2 - Selected information from the accounting records of RCR Manufacturing Company follows:
Net sales P3,600,000
Cost of goods sold P2,400,000
Inventories at January 1 P672,000
Inventories at December 31 P 576,000
What is the number of days' sales in average inventories for the year?
What amount of net gain from the change in fair value of biological assets should be reported in 2020? What is the carrying amount of the biological asset
an analysis of the transactions made by s. moses amp co. a certified public accounting firm for the month of august is
How can you utilize capital budgeting techniques in your personal finances to determine whether an investment is a good idea? Give an example of a personal.
Find the present value of $7,000 to be received one year from now assuming a 3 percent annual discount interest rate
ngata corp. issued 17-year bonds 2 years ago at a coupon rate of 9.8 percent. the bonds make semiannual payments. if
In addition, the income statement showed a gain of $22,420 from the sale of investments. Reconcile a net income of $286,900 to net cash flow
Interest is payable semiannually on January 1 and July 1. What amount should Bramble report as interest expense for the six months ended June 30, 2021
Discuss the importance of selecting a sample that may be considered representative of the entire population.
The useful life of the computer system is estimated to be 7 years and the computer residual value is $100,000.00. What is year four accumulated depreciation
Carver, Inc. uses the weighted-average method in its process costing system. What are the equivalent units of production for materials and for conversion costs
Determine the price of the bonds at January 1, 2018. Prepare the journal entry to record their issuance by Patey on January 1, 2018
Do the calculations from Requirements b and c confirm your speculations in Requirement a?
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