User Account

All Pages

What were rome total net sales

Assignment Help Financial Accounting
Reference no: EM133068166

Question - Rome Company's net accounts receivable was $200,000 at December 31, 20X1 and $350,000 at December 31, 20X2. Net cash sales for 20X2 were $250,000. The accounts receivable turnover for 20X2 was 8.0, and this turnover figure was computed from net credit sales for the year. What were Rome's total net sales for 20X2?

Reference no: EM133068166

Questions Cloud

Compare the numbers for companies : Compare how each company is doing using the most recent information. You may also look at the TREND for each company over the last 3 years.
What is the present value of an investment : What is the present value of an investment that pays ?$200 at the end of each of years? 1, 2, and? 3? If you wanted to value this investment
What is project npv : Bottoms Up Diaper Service is considering the purchase of a new industrial washer. It can purchase the washer for $6,300 and sell its old washer for $2,100.
What is the current value of share : Assume MIE is a listed company and pays dividends once each year, and it just distributed this year's $1.30 dividend per share and expected to grow by 9% for th
What were rome total net sales : The accounts receivable turnover for 20X2 was 8.0, and this turnover figure was computed from net credit sales for the year. What were Rome's total net sales
Rules for transfer of property : -XYZ Ltd is a manufacturer of bagged wheat, situated in Walu Bay, Suva. Their agent is Zee Ltd situated in Levuka. Zee Ltd takes orders on behalf of XYZ Ltd fro
What is susan tax position : In 2020, JPC Corporation liquidated due to bankruptcy, and Susan's stock became worthless. What is Susan's tax position in 2020
Compute the net investment : What are the annual net cash flows associated with the purchase of this machine? Also, compute the Net investment (NINV) for this project
Applicability of the dividend discount model : Find the dividend yield trend for two S&P 500 companies for the past two years and answer the following questions:

Reviews

Write a Review

Financial Accounting Questions & Answers

  Complete the balance sheet at december

December 31, 2008, amounts owed to publishers for books purchased, $8,000; one-year note payable to a local bank for $2,850. No dividends were declared or paid to the stockholders during the year - complete the balance sheet at December 31, 2009.

  What should happen to the value of Piotr common shares

Piotr Co. recently paid a dividend of $2.25 on its common shares. What should happen to the value of Piotr's common shares following this announcement

  Advice on how to shape the future of the business

Consider who your key stakeholders are. Plan a consultation meeting where stakeholders will provide you with advice on how to shape the future of the business

  Calculate the the amount of money in theodore logan?

Calculate the amount of money that will be in each of the accounts at the end of the given deposit? period.Calculate the The amount of money in Theodore Logan?

  What is the current spread on the bond

Assuming the expectations hypothesis holds, what is the current spread on the bond (the gap between the bond YTM and the current short rate)

  Calculate the internal rate of return of Project AMG

Calculate the payback period of each project and recommend the project that should be selected based on the payback period

  Determine what was the cost of goods manufactured

Beginning work-in-process inventory = $60,000. Beginning finished goods inventory = 144,000. what was the cost of goods manufactured?

  Prepare the service revenue budget for 2014

Average hourly billing rates are auditing $82, tax $93, and consulting $101 and prepare the service revenue (sales) budget for 2014 by listing the departments and showing for each quarter and the year in total, billable hours, billable rate, and to..

  Post general ledger to relevant accounts

Nupina Gifts has the following balances as at 30 June 2017: Accounts receivable $343,630. Post general ledger to relevant accounts

  What the procedure for liquidating a corporation is outlined

What The procedure for liquidating a corporation is outlined in? The Corporation Liquidation Act. The Bankruptcy and Insolvency Act.

  How many zero coupon bonds will have to be issued

What will be the price of the 8 per cent coupon bonds? How many zero coupon bonds will have to be issued? What will be the price of the zero coupon bonds?

  How much is included as current asset in financial statement

Bad, a real estate company, entered into a contract, How much is included as current asset in the financial statements of Bad related to the above information?

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