Based on the following financial statement information, what is the cash cycle? Interpret. Item Beginning Ending Inventory 15,000 25.000 Accounts recelvable 14.500 10,000 Accounts payable 15.400 12,000 Credit sales RO 120.000 Cost of goods sald (COCS) 50% of credit sales

Based on the following financial statement information, what is the cash cycle? Interpret. Item Beginning Ending Inventory 15,000 25.000 Accounts recelvable 14.500 10,000 Accounts payable 15.400 12,000 Credit sales RO 120.000 Cost of goods sald (COCS) 50% of credit sales

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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4.The following data were available for ABC Company at Dec 31, 20X2:Accounts Receivable, beg P15,000Accounts Receivable, end P10,000Collection of accounts 450,000Sales returns, P8,000 (25% is related to cash sales)Sales discounts, P5,000How much were the credit sales during the period? 451,000 453,000 456,000 458,000
Cash and accounts receivable for Adams Company are provided below: Prior Year Cash $70,000 $50,000 Accounts receivable (net) 70,400 80,000 Based on this information, what is the amount and percentage of increase or decrease that would be shown with horizontal analysis? Enter a decrease using a minus sign before the amount and the percentage. Dollar Change Percent Change Account Current Year Cash Accounts Receivable % %
Presented below are the information taken from the books of NMIXX Co. 2022 2023 Sales Regular P 125,000 P 187,500 Installment 62,500 100 000 Cost of goods sold: Regular 75.000 112,500 Installment 31,250 45,000 Selling expenses 25,000 31,250 Collection on accounts from Regular sales 100,000 137,500 Installment sales - 2022 37.500 25,000 Installment sales - 2023 62,500 How much is the Realized gross profit in installment and net income for the year 2023?
Consider the following financial statement information: Item Beginning Year Ending Inventory € 9.780 € 11.380 € 4.108 € 4.938 € 7.636 € 7.927 Accounts Receivable Accounts Payable Credit Sales Cost of Goods Sold € 89.804 € 56.384 Calculate the operating and cash cycles. How do you interpret your answer?
Action Signs recorded credit sales of $10,000 on the gross method. Terms are 2/20, n/30. How would the entry to this sale be recorded? cash decreases by $3,000 sales discounts increase by $200 sales increases by $9,800 accounts receivable increases by $10,000
Problem Solving. Raymar Alison Trading has the following transactions during the fiscal year 2021. Cash sales 100,0000. Credit Sales 200,000. Total Sales 300,000. Cost of Goods Sold 150,000. Gross Margin 150,000. Beg. Accounts Receivable 25,000. End. Accounts Receivable 15,000. Beg. Inventory 35,000. End. Inventory 25,000. Total Expenses 50,000. 29. What is Days Inventory Outstanding? (360 days) 18 24 36 72
The following accounts of Rex Company are as follows: Sales P480,000; Cost of goods sold P300,000; Sales discounts P20,000; Sales returns and allowances P15,000; Purchase discounts P5,000; Purchase returns and allowances P7,000; Selling Expenses P40,000; General & Administrative expense P45,000; Interest income P5,000. What is gross margin? P145,000 P105,000 P140,000 P90,000
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The Cash Receipts Journal of the Denver Nuggets Company shows the following accounts and account balances Sales- P125,000 Accounts receivable-P65,000 Sundry accounts (credit): P1,802,650 If sales discount is 4% of sales balance, how much is the total debit to cash per cash receipts journal?
Problem 1. The following pertains to the financial records of SinoTrump Company: Sales Month January February March P30.000 P40,000 P50,000 Purchases P16.000 P20.000 P28.000 Additional information: a. Cash is collected from customers in the following manner: Month of sale 30% 70% Month following the sale b. 40% of purchases are paid for in cash in the month of purchase, and the balance is paid the following month. c. Labor costs are 20% of sales. Other operating cost are P15,000 per month (including P4.000 depreciation expense). Both of these are paid in the month incurred. d. The cash balance on March 1 is P4,000. A minimum cash balance of P3,000 is required at the end of the month. e. A standby credit is available and money can be borrowed in multiples of P1.000. Requirements: 1. Cash collections from customers in March. 2. Cash paid to suppliers in March. 3. Total cash disbursement in March. 4. Ending cash balance for March.
Nice Ltd has a Days Inventory Outstanding of 13, Accounts Receivable $128, Average Sales per Day of $15, Days Payable Outstanding of 3. Compute Cash Conversion Cycle in days.

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