10. Right Answer Company has the following sales forecast for the selected three-month period in 2018. April, P120,000; May, P70,000; June, P80,000. 70% of sales are collected in the month of sale, and the balance are collected in the following month. Accounts receivable balance in April 1, P100,000. Cash balance in April 1, P60,000. Minimum cash balance required is P50,000. Cash can be borrowed in the multiples of P10,000 from local bank (disregard the interest charges). What is the cash balance at the end of April assuming that cash is received only from customers and that P200,000 is the cash out during April?
10. Right Answer Company has the following sales
11.Selected information from the accounting records of Check Answer Co. is as follows: Net accounts receivable at Dec. 31, 2018, P900,000; Net accounts receivable at Dec. 31, 2019, P1,000,000; Inventories at Dec. 31, 2018, P1,100,000; Inventories at Dec. 31, 2019, P1,200,000; Accounts receivable turnover, 5 times; inventory turnover, 4 times. What is Check Answer Company's gross margin for 2019?
12. Tissoty Company Consists of two stores, Raminayaga and Ramen. Store Raminayaga has a sales of P80,000 during April, a contribution margin ratio of 30% and a segment margin of P11,000.
The company as a whole had sales of P200,000, a contribution segment margin for the two stores totalling P31,000. If the net company was P15,000 for the month, what must have been the expenses in Store Ramen.
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