A business currently has a DSO of 38 days on annual sales of $2.4M. If the company forecasts next year's sales to be $3.2M and assumes DSO will remain constant at 38 days, calculate the expected increase in accounts receivable.
Q: Compute ROI ?
A: To compute the division's turnover used to calculate ROI, Use the formula for turnover:…
Q: Financial Accounting
A: Step 1: Define GoodwillGoodwill is an intangible asset that represents the excess amount paid for a…
Q: Ans general Accounting
A: Step 1: Define Shareholders' EquityShareholders' Equity represents the residual interest in a…
Q: Radium Tech Inc. has net sales of $320,000, cost of goods sold of $210,000, selling expenses of…
A: Step 1: Analysis of information givenNet sales = $320,000Cost of goods sold = $210,000Selling and…
Q: Your company purchases $4,500 of supplies, recording them as assets. At year end, a physical count…
A: Concept of Supplies on HandSupplies on Hand refer to the remaining balance of unused supplies at the…
Q: Financial Accounting
A: Step 1: Define Dividend PayoutA company's earnings are equal to dividends when a company does not…
Q: need help this questions
A: **Step 1: Calculate the Contribution Margin per Basket**\text{Contribution Margin per Basket} =…
Q: Need answer of this problem
A: To determine the impact on net income, we need to calculate the book value of the machinery and the…
Q: Provide accounting
A: Step 1: Define Accounting EquationThe accounting equation serves as a foundation for the balance…
Q: Financial Accounting
A: Step 1: Define Tax Savings and Expense DeductionTax Savings refers to the reduction in taxable…
Q: Don't want Ai Answer
A: 1. a. Systematic relationships create comprehensive oversightIntegrated control frameworks stress…
Q: Newman Jackson invests $40,600 at 10% annual interest, leaving the money invested without…
A: Given Data:Principal (P): $40,600Annual Interest Rate (r): 10% (or 0.10 in decimal form)Time (t): 8…
Q: 4 POINT
A: Explanation of Note Payable:A note payable is a written promise by a company to pay a specified…
Q: Provide answer this following requirements on these financial accounting question
A: Step 1: Define Current Assets and Net Working CapitalCurrent Assets are assets that a company…
Q: Provide Ans please to this general account questions
A: Explanation:• The only expenses used for calculating product cost per unit for the product cost…
Q: Given the solution and accounting question
A: Step 1: Define Materials Purchase Price VarianceMaterials Purchase Price Variance is the variance in…
Q: ?? Financial accounting
A: Step 1: Define FICA TaxFICA (Federal Insurance Contributions Act) tax is a payroll tax imposed by…
Q: On January 1, 2020, Nexus Technologies purchased a machine for $15,000. The machine was estimated to…
A: Step 1: Formula Gain/(Loss) on disposal = Fair value of asset given up - Carrying amount Step 2:…
Q: Please given answer general accounting
A: 1. Contribution Margin Per UnitThe contribution margin per unit is the contribution margin divided…
Q: Do fast this question answer general accounting
A: Step 1: Define Change in Owner's EquityOwner's equity changes due to net income and owner…
Q: Overhead rate for the current year?
A: Explanation of Predetermined Overhead Rate:The predetermined overhead rate is a cost allocation…
Q: Financial accounting question
A: Step 1: Analysis of information givenReturn on equity = 15.4%Debt-equity ratio = 0.85We need to…
Q: How much was the material price variance?
A: Explanation of Material Price Variance: Material price variance is the difference between the actual…
Q: General Accounting question
A: Step 1: Define Maturity ValueMaturity Value is the total amount due at the end of the loan or note…
Q: Solve this Accounting problem
A: Explanation of Cash Cycle (Cash Conversion Cycle): The cash cycle represents the time it takes for a…
Q: Budget to purchase in February?
A: Explanation of Materials Purchases Budget:The materials purchases budget is a financial plan that…
Q: What is the debt to equity ratio on these financial accounting question?
A: Step 1: Introduction to ratio analysisRatio analysis is a method used to analyze financial…
Q: Tutor Need answer
A: Image.Explanation.The Return on Equity (ROE) of Jefferson Enterprises is determined using the DuPont…
Q: A woman earned wages of $56,800, received $1,400 in interest from a savings account, and contributed…
A: Calculation of Gross Income, Adjusted Gross Income, and Taxable Income Step 1: Compute Gross…
Q: Find the dollar markup and percent markup ?
A: Step 1: Given Value for Calculation Cost = c = $15.10Selling Price = s = $22.00 Step 2: Calculation…
Q: Cash conversion cycle is how many days
A: CCC = Inventory Turnover Days + Accounts Receivable Turnover Days - Accounts Payable Turnover Days…
Q: Provide answer this MCQ
A: The net income is calculated using the formula:Net Income=Revenues−ExpensesFrom the given…
Q: Answer this Accounting problem
A: We are given that the monthly cost of a data plan is a linear function of data usage. This means we…
Q: Need help with this general accounting question please answer
A: To calculate the depreciation expense using the straight-line method, you can use the following…
Q: What is its net sales on these financial accounting question?
A: Step 1: Define Net SalesNet Sales represents the actual revenue a company earns after accounting for…
Q: The following monthly data are taken from Ramirez Company at July 31: Sales salaries, $520,000;…
A: Given Data:Salaries:Sales salaries: $520,000Office salaries: $104,000Total salaries = $520,000 +…
Q: Answer this?
A: Explanation of Prime Costs: Prime costs are the direct costs that are clearly and easily traceable…
Q: None
A: Key Concepts:1. EBIT (Earnings Before Interest & Tax) - represents operating profit before…
Q: 2. Financial Accounting: On January 1, a company lends a corporate customer $178,000 at 7.25%…
A: Concept of PrincipalPrincipal refers to the original amount of money that is borrowed or loaned…
Q: How much is Samuels disposable income?
A: Samuel Stevens' disposable income is the amount left after all mandatory deductions (taxes,…
Q: Please solve this question general accounting
A: Calculation of Contribution Margin per unitContribution Margin per unit = Sales Price per unit -…
Q: Sandy Inc. estimates that its employees will utilize 176,000 machine hours during the coming year.…
A: Step 1: Recall the predetermined manufacturing overhead rate formula."...Sandy Inc. allocates…
Q: Solve this financial accounting problem
A: Step 1: Use the DuPont formulaStep 2: Insert valuesStep 3: Convert Profit Margin to decimalStep 4:…
Q: Net income will decrease or increase??
A: Explanation of Gain or Loss on Sale of Asset:Gain or loss on the sale of an asset is determined by…
Q: need help this questions general accounting
A: Step 1: Definition of Accrued ExpensesAccrued expenses are liabilities that a company has incurred…
Q: Answer me these problems
A: First Question: Integrated Control FrameworksIntegrated control frameworks differ from isolated…
Q: Abc
A: Step 1: Define Cash conversion cycleThe cash conversion cycle is the number of days takes the…
Q: Average payment period?
A: Explanation of Average Payment Period:The average payment period refers to the time a company takes…
Q: general accounting
A: Step 1: Definition of Convertible BondsA convertible bond is a type of bond that allows the…
Q: Suppose Chrysler Motors has 720 million shares outstanding with a share price of $68.25, and $30…
A: To solve this problem, we need to determine the amount of debt Chrysler Motors will have in three…
need help with this General accounting question
Step by step
Solved in 2 steps
- Your business requests a 3-month loan for $500,000. What will be the interest paid at the end of the term if the business risk percentage is assessed at 2.0% and LIBOR is at 2.1%?Please provide answer the financial accounting questionA company borrowed at 3.27% compounded annually to purchase equipment, agreeing to make payments of $2,970 at the end of every three months for 15 payments. (a) What is the equivalent cash price of the equipment? (b) How much will be owed at the end of two years? (c) How much of the principal will be repaid within the first two years? (d) How much interest is paid during the first two years?
- Until recently, Augean Cleaning Products sold its products on terms of net 68, with an average collection period of 83 days. In an attempt to induce customers to pay more promptly, it has changed its terms to 3/10, EOM, net 68. Assume current sales of $100, costs of $88, an interest rate of 11%, and no defaults. Assume each month has 30 days and a year has 360 days. The initial effect of the changed terms is as follows: Average Collection Periods (Days) Percent of Sales with Cash Discount Cash Discount Net 68 38a 88 aSome customers deduct the cash discount even though they pay after the specified date. a. Calculate the NPV per $100 of sales based on the original terms. (Do not round intermediate calculations. Round your answer to 2 decimal places.) b. Assume that sales volume is unchanged and there are no defaults. Calculate the NPV per $100 of sales based on the revised terms. (Assume all sales occur in the middle of the month. Do not round intermediate…S Until recently, Augean Cleaning Products sold its products on terms of net 69, with an average collection period of 84 days. In an attempt to induce customers to pay more promptly, it has changed its terms to 2/10, EOM, net 69. Assume current sales of $100, costs of $89, an interest rate of 10%, and no defaults. Assume each month has 30 days and a year has 360 days. The initial effect of the changed terms is as follows: Percent of Sales with Cash Discount 69 Average Collection Periods (Days) Cash Discount Net 39a 89 aSome customers deduct the cash discount even though they pay after the specified date. a. Calculate the NPV per $100 of sales based on the original terms. Note: Do not round intermediate calculations. Round your answer to 2 decimal places. b. Assume that sales volume is unchanged and there are no defaults. Calculate the NPV per $100 of sales based on the revised terms. Note: Assume all sales occur in the middle of the month. Do round intermediate calculations. Round your…Until recently, Augean Cleaning Products sold its products on terms of net 54, with an average collection period of 69 days. In an attempt to induce customers to pay more promptly, it has changed its terms to 1/10, EOM, net 54. Assume current sales of $100, costs of $74, an interest rate of 13%, and no defaults. Assume each month has 30 days and a year has 360 days. The initial effect of the changed terms is as follows: Average Collection Periods (Days) Cash Discount Percent of Sales with Cash Discount Net 54 24a 74 asome customers deduct the cash discount even though they pay after the specified date. a. Calculate the NPV per $100 of sales based on the original terms. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Net present value b. Assume that sales volume is unchanged and there are no defaults. Calculate the NPV per $100 of sales based on the revised terms. (Assume all sales occur in the middle of the month. Do not round intermediate calculations.…
- Please provide solution this financial accounting questionA company borrowed at 4.38% compounded semi-annually to purchase equipment, agreeing to make payments of $2,760 at the end of every three months for 16 payments. (a) What is the equivalent cash price of the equipment? (b) How much will be owed at the end of two years? (c) How much of the principal will be repaid within the first two years? (d) How much interest is paid during the first two years?Ore
- On December 1, a company borrowed Php 100,000.00 at 12% per year. The interest will be paid quarterly, with the first payment due on March 1. What should the company report on its Income Statement for December?Your company has been offered credit terms on its purchases of 4/30, net 90days. What will be the nominal annual cost of trade credit if your companypays on the 35th day after receiving the invoice? (Assume a 365-day year.)a. 30%b. 304%c. 3%d. 87%e. 156%Suppose that a company borrows 20,000 for 1 year at a stated rate of interest of 9 percent. What is the annual percentage rate (APR) if interest is paid to the lender in annually? semiannually? quarterly?
