User Account

All Pages

What was pulchritudes gross profit

Assignment Help Financial Accounting
Reference no: EM132477615

The following data were taken from the financial records of Pulchritude's company

AR et December 31, 2013

S 900.000

AR at December 31, 2014

S1,000,000

NR tummy,

5 to 1

Inventones at December 31, 2013

51,100.000

Inventories at December 31. 2014

51200.000

Timer tory turnover

4 to I

Required:

 

Question 1: What was Pulchritude's gross profit for 2014

Question 2: Suppose that there are 360 business days in the year. Determine the number of /1/4/R days and Inventory days.

Reference no: EM132477615

Questions Cloud

How the matching principle relates to uncollectible accounts : Explain how the matching principle relates to uncollectible accounts receivable. record the acceptance of the note by Sharma Jewellers.
Record the journal entry to establish the partnership : Record the entry to allocate the net income to the partners' capital accounts. Record the entry to admit the new partner into the business.
Prepare the journal entries in general journal form for jan : Prepare the journal entries in general journal form for Jan. 31, Feb. 12, and Feb. 24. On January 31 the firm had accounts receivable in the amount
Determine the net realizable value of accounts receivable : Determine the amount of the adjusting entry for uncollectible accounts. Determine the net realizable value of accounts receivable.
What was pulchritudes gross profit : What was Pulchritude's gross profit for 2014. 360 business days in the year. Determine the number of /1/4/R days and Inventory days.
What was net income for the year : Beginning retained earnings was $125,000 and ending retained earnings was $150,000. Cash dividends were paid in the amount of $77,000. What was net income
What is different types of services to existing clients : Describe three of these assurance services that might be a good fit for this organization. (Hint: Visit the AICPA's web page or a website of a large accounting
Record the journal entries for the truck sold : Prepare the journal entries to record the two exchange transactions. Determine and Record the journal entries for the truck sold on August 18
What is the total of dollar income that robin will withdraw : How Robin can save such small amounts during her working years and then withdraw such relatively large amounts during her retirement years.

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd