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Pls answers number 8 to 9 with solutions

Pls answers number 8 to 9 with solutions

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Pls answers number 8 to 9 with solutions
ws Corporation's order quantity Materia 5,000 the company maintains a safety stock of T at 500 lbs., and its order point is 1,500 lbs. 8. What is the lead time assuming daily usage is 50 lbs.? a. 30 days b. 100 days c. 10 days d. 20 days 9. What would be the total annual carrying costs assuming the carrying cost per unit is P0.20? a. PI,000 b. P600 с. Р100 d. P1,100 10. Wint Clothing Store had a balance in the Accounts Receivable account of P390,000 at the beginning of the year and a balance of P410,000 at the end of the year. Net credit sales during the year amounted to P4,000,000. The average collection period of the receivables in terms of days was a. 30 days. b. 365 days. c. 73 days. Pg. 3 Financial Management d. 37 days. 11. Pint Hardware Store had net credit sales of P6,500,000 and cost of goods sold of P5,000,000 for the year. The Accounts Receivable balances at the beginning and end of the year were P600,000 and P700,000, respectively. The receivables turnover was a. 7.7 times. b. 10.8 times. c. 9.3 times. d. 10 times. 12 – 13. Wins Department Store had net credit sales of P16,000,000 and cost of goods sold of P12,000,000 for the year. The average inventory for the year amounted to P2,000,000. 12. Inventory turnover for the year is a. 8 times. b. 14 times. c. 6 times. d. 4 times. 13. The average days in inventory during the year was a. 91 days. b. 61 days. c. 46 days. d. 26 days. BAY
Transcribed Image Text:ws Corporation's order quantity Materia 5,000 the company maintains a safety stock of T at 500 lbs., and its order point is 1,500 lbs. 8. What is the lead time assuming daily usage is 50 lbs.? a. 30 days b. 100 days c. 10 days d. 20 days 9. What would be the total annual carrying costs assuming the carrying cost per unit is P0.20? a. PI,000 b. P600 с. Р100 d. P1,100 10. Wint Clothing Store had a balance in the Accounts Receivable account of P390,000 at the beginning of the year and a balance of P410,000 at the end of the year. Net credit sales during the year amounted to P4,000,000. The average collection period of the receivables in terms of days was a. 30 days. b. 365 days. c. 73 days. Pg. 3 Financial Management d. 37 days. 11. Pint Hardware Store had net credit sales of P6,500,000 and cost of goods sold of P5,000,000 for the year. The Accounts Receivable balances at the beginning and end of the year were P600,000 and P700,000, respectively. The receivables turnover was a. 7.7 times. b. 10.8 times. c. 9.3 times. d. 10 times. 12 – 13. Wins Department Store had net credit sales of P16,000,000 and cost of goods sold of P12,000,000 for the year. The average inventory for the year amounted to P2,000,000. 12. Inventory turnover for the year is a. 8 times. b. 14 times. c. 6 times. d. 4 times. 13. The average days in inventory during the year was a. 91 days. b. 61 days. c. 46 days. d. 26 days. BAY
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