ast products year, your compan eal 850,000 in 6 months. The following quotations are p sold to Braz. In $ per $ 2.3810 eal m. forward m. forward 0.4200 0.4210 2.3753 0.4350 2.2989 m. forward 0.4115 2.4301

Q: Complete the tabe: Compounded Month ly Compounded Semi- Annually Com pornded Annually Compounded…

A: Hi, since you have asked a question with multiple sub-parts we will answer only the first three as…

Q: 15/24 crual Basis Balance Sheet As of December 31, 2024 Dec 31, 24 % of Column 24000 - PayrollI…

A: The question is related to Net Profit Margin. The Net Profit Margin is calculated as under  Net…

Q: Make it into a journal entry Purchased merchandise worth P560,000 , 20% down payment, balance 2/10,…

A: Down payment=Merchandise value×20%=P 560000×20%=P 112000

Q: FDN Accounting Services purchased office supplies for P52,000 on terms 30% down payment and the…

A: Increase in office supplies = P52,000 Decrease in cash = P52,000 x 30% = P15,600 Increase in…

Q: Vukovich Company reported pretax income of $130,000 and interest expense of $30,000 for its most…

A: Ratio analysis is a process of getting inside review of an organisation. An investor can get various…

Q: Statement of comprehensive income for the year ended 31 December 2021 Sales 10 000 000 Cost of…

A: Budgeted Statement of Comprehensive Income is a statement prepared as a future forecast or future…

Q: Suppose that $6,000 is invested in a 6-month CD with an APY of 1.8%. Complete parts (a) through (d)…

A: Annual Percentage Yield = APY = 1.8%Compound = n = 6 months = 2

Q: Given credit terms of 3/10, n/30 on a sale of $2,000, calculate the sales discount, assuming payment…

A: credit terms: 3/10 - means 3% discount given if payment is made within 10 days

Q: Alaliya trading Company announces annual Sales of OMR 30000, Carriage inwards of OMR 2000, Sales…

A: The term sales revenue represents gross earnings generated by a business entity from selling goods…

Q: If the total sale is P125,750.00, the cost of sales is 42.25% of the total sales, and the operating…

A: Total sales = P125,750.00 Cost of sales = 42.25% Operating expenses = P15,429.30

Q: The shedule g8 a)ing ac cOunts For a compny geav 2020 Account rectubl $20,000 $ So00 $ 4000 $2500 31…

A: Age Accounts receivable Estimate % of Bd debts Estimated uncollectible accounts Current…

Q: Principal (Present Value) $8,000 $7,500 $15,000 $1,000 $25,000 Interest Rate 12% 10% 16% 6% 12%…

A: Annual percentage yield:The whole picture of the actual yearly return on an investment, accounting…

Q: Use the information provided below to prepare the following for November and December 2021: 4.1…

A: What is meant by Budgeting? It is the process of estimating the future cash flows by doing market…

Q: 1/1/x1 borrowed 100000 for 4 years at 8% assume quarterly prt=$5892 1)loan pament 2)journal entries…

A: Loan payment refers to paying back to the bank or institution from which one has borrowed the…

Q: Given Principal $21, 000, Interest Rate 11%, Time 240 days (use ordinary interest) On 100th day,…

A: Given principal = $21000, Rate of interest = 11%, Time = 240 days First payment on 100th days, so…

Q: Dream Big Pillow Co., pays 65% of its purchases in the month of purchase, 30% the month after the…

A: Total payment made for the month of january , february , march has been calculated.

Q: The rent income account in the ledger of RT Stores reflected a total of R133 000 on 28 February 2023…

A: Accrual basis of accounting is an important basis. As per this, all revenues earned in a particular…

Q: Revenue from the sale of ergonomic hand tools was P300,000 in years 1 through 4 and P465,000 in…

A: Sales; Year 1-4 = P300,000 Year 5-9 = P465,000   Interest rate = 0.10 Period = 9 years Present value…

Q: 120,000 TL + %10 VAT Merchandise is ordered. Bill of Exchange 30,000 TL is issued as an advance for…

A: Bill of exchange refers to the agreement under which the issuer is liable to pay a certain amount to…

Q: Q3: Lovett Company provides this information for the month of November, 2022: sales on credit…

A: Sales revenue of the business means proceeds from sale of goods and services by the business. While…

Q: A,B aue pastners shauing în ratid 3:2 there in capltal 3 00.a8o respestiuly Theylmade 9.00.000 /of…

A: Partnership firm:- Partnership is defined as the business firm where multiple persons carry out the…

Q: of adustingenty wal. accrued 500.he salaviel for the end. the fis year made an of first Paid co the…

A: Adjusting Entries:-  Adjusting entries defined as those entries, that are occurred at the end of…

Q: Accounting Dream Big Pillow Co., pays 65% of its purchases in the month of purchase, 30% the month…

A: A cash budget details the predicted sources as well as uses of cash over a given time period. This…

Q: First question/ you have the following data about Basra Trading Company for its first year ending on…

A: Financial Statements are the end products of the accounting process. They provide information about…

Q: A B. Salary allowance Interest on ave. capital balance 10% Remainder P30,000 P10,000 P40,000 10% 10%…

A: Formula: Interest on capital = Capital Amount x Interest rate

Q: Accounts Payable, beg. 70,000.00; Accounts Payable, end 75,000.00; Merchandise Inventory, beg -…

A: Total Merchandise Inventory Purchases for the year = Cash Payment to Supplier for Purchase on…

Q: a company purchases merchandise on termsS of 1.4/20, n/30, the cash discount available (assuming a…

A: Every Company purchases & sell goods on credit. To increase the inventory for sale the Company…

Q: M/S H.P Traders sells goods on hire purchase basis at cost plus 50%.Goods sent on H.P( H.P price)…

A: Cost: It can be defined as the total amount that is spent by a business in manufacturing a product.…

Q: What is the fixed charge coverage ratio? Answer in the form of 3.2x (one decimal place) Assume: 1.…

A: The fixed-charge coverage ratio demonstrates how effectively a business can use its earnings to…

Q: INCompanx, had the following selected transactions: 2020 Ran. 9 Sold good worth P 300.000 to FOG…

A: Under Gross Method, Sales discount is recorded separately. Under Net Method, Forfeiture of sales…

Q: transactions involving sale (and purchase) of goods and services are VAT-inclusive, except sale (and…

A: Journal Entry The purpose of preparing the journal entry to enter the required transaction into…

Q: MAKE THE NECCESSARY JOURNAL ENTRIES.... BALIM Company is a merchandising company and tradindg…

A:

Q: SumOne Limited is a retail store with a 30 June year-end. The company recorded the following: 2021…

A: Note: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question…

Q: Calculate :1.gross profit percentage on cost.  2. Net profit percentage  3. Debtors  collection…

A: Hi student Since there are multiple subparts, we will answer only first three subparts. If you want…

Q: Sold goods to G George, invoice detailed 60 items @ R80 exclusive per item) Mark up is 150%.…

A: Sales=Units sold×Selling Price Cost of sales=Sales(100%+markup %)

Q: Principal $10,000, Interest Rate 89%, Time 240 days (use ordinary interest) Partial payments: On…

A: When a partial payment is paid, the amount of payment will first reduce the interest obligations and…

Q: The interest accrued on $7,500 at 6% for 90 days is: (Use 360 days a year.) Multiple Choice O O…

A: Solution: Principal amount = $7,500 Interest rate = 6% Period = 90 days

Q: Willy Company sold on credit merchandise having a list price of P200,000 with the following terms:…

A: Solution: Price after trade discount = 200000*90%*95% = 171,000 Sales discount = 171000*3% = 5130…

Q: Barry's Burgers reported net sales of: 2019 $300,000 2020 $330,000 2021 $360,000 If 2019 is the base…

A: Sales is the revenue generated from the regular business operation of the company. The horizontal…

Q: SumOne Limited is a retail store with a 30 June year-end. The company recorded the following: 2021…

A: The short-term provisions are referred to as the current liability which is expected to be settled…

Q: HS Stores purchased equipment on credit from RG Traders for R11270 (inclusive of 15% VAT). The VAT…

A: VAT is value added tax that is being payable or receivable on sale of goods.

Q: old goods on cre

A: Cost-plus prices, also known as markup pricing, are the company's practice of determining the cost…

Q: Forecast the ATO based on the following data. Sales 1 $66.170B Sales 2 $66.463B NOA 1 $107.760B NOA…

A: The Asset Turnover Ratio (ATO): The asset turnover ratio measures the efficiency of a company's…

Q: if a company send the goods for 20% markup to its branch the branch received during january 2024…

A: markup is a gap between a product or service's cost and its selling price. Using markup allows…

Conversion Cycle

Conversion cycle is also known as cash cycle or net operating cycle. Conversion cycle refers to how much time a company takes to turn its investments which is done from stock or any other financial resources into cash flows from sales.