What were the credit sales for the year

Assignment Help Accounting Basics
Reference no: EM133167144

Question - The average accounts receivable of Tomatoes Ltd's was $200 000. The number of days in receivables was 146 days. What were the credit sales for the year?

Reference no: EM133167144

Questions Cloud

Advertising and branding : Define Needs, wants and demand applying in a specific product/service. What are the 5 M in advertising?
Journalize the first interest payment and the amortization : On the first day of the fiscal year, a company issues a $4,300,000, 12%, Journalize the first interest payment and the amortization
How can product be changed : Pick a specific product that you use frequently, such as a cosmetic or toiletry item, snack food, article of clothing, book, computer program, or video game.
Identify five risk treatment actions : Using either a FMECA approach or some other appropriate RCA tool, identify five risk treatment actions you would recommend to the local Chief of Police to addre
What were the credit sales for the year : The average accounts receivable of Tomatoes Ltd's was $200 000. The number of days in receivables was 146 days. What were the credit sales for the year
Supplier guilty of human trafficking : In 2010 Apple Inc. faced accusations that they relied on poorly treated, over-worked, and under-paid laborers in their supplier's Chinese factories. Foxconn, on
The code identifies six ethical values : Provide an example from any organization to illustrate the application of one sub-point found under each of the ethical values.
Prepare a statement of cash flows : Prepare a statement of cash flows using the direct method for Caltrick Ltd for the year ended 30 June 2016. Comparatives are not required
Constitutional law of an ideal representative democracy : What are three safeguards that are typically enshrined in constitutional law of an ideal representative democracy?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Find out the income tax treatment of the liquor licence

Lorenzo is keen to find out the income tax treatment of the liquor licence and how much (if any) is tax-deductible? Please explain how you went about finding the answer to this question

  Develop a plan for how to resolve ethical and legal issues

Develop a plan for how to resolve ethical and legal issues

  Determine the issue price

Walton Ltd purchases 50% of the debentures on issue on the date of the issue, What would be the value of the debentures on Walton's books

  Preferred stockholders entitled

What dividends are the preferred stockholders entitled to receive in the current year before any distribution is made to common stockholders?

  Explain the concept of characteristic line

Question - Explain the concept of characteristic line. Also explain on graph depicting alpha intercept and beta slope

  Discuss the types of audit tests

Discuss audit risk model components that auditors use in planning phase of the audit? Discuss the types of audit tests

  How much is to be debited to share premium- share options

The option price per share is P100 and the fair value of the ordinary shares on January 2, 2019 is P150 per share. How much is to be debited to Share Premium

  Which is the source documents

Which is the Source documents? do not provide objective evidence about transaction. / are a source of accounting information.

  How much income will tim report each year after reaching age

Annuity Income. Tim Retired During the current year at age 58. Compare Tim's annual exclusion. How much income will Tim report each year after reaching age 84?

  In which section of cash flow statement will action appear

Declared and paid a dividend to all shareholders. In which section of the cash flow statement will this action appear for both Ryan Corp. and Anna Corp?

  Evaluate management role within a financial investment

Evaluate management's role within a financial investment firm for establishing proper risk management procedures for high-risk investments

  International financial reporting standards

Use the Internet to research the current provisions and proposed changes reflected in the exposure draft for lease accounting under generally accepted accounting principles (GAAP) and international financial reporting standards (IFRS).

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!

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