RM Inc. had the following bank reconciliation on August 31, 2021: Balance per bank statement, 8/31 Add: Deposits in transit P5,400,000 600,000 6,000,000 1,350,000 P4,650,000 Less: Outstanding checks Balance per books, 8/31 Data per bank for the month of September 2021 follow: Deposits (including P300,000 note collected for RM) Disbursements (including P210,000 NSF check and P15,000 service charge) P13,500,000 10,500,000 All reconciling items on August 31, 2021 cleared the bank in September. Outstanding checks on September 30 totaled P900,000. There deposits in transit amounted to P1,500,000 on September 30. What is the amount of cash tast

RM Inc. had the following bank reconciliation on August 31, 2021: Balance per bank statement, 8/31 Add: Deposits in transit P5,400,000 600,000 6,000,000 1,350,000 P4,650,000 Less: Outstanding checks Balance per books, 8/31 Data per bank for the month of September 2021 follow: Deposits (including P300,000 note collected for RM) Disbursements (including P210,000 NSF check and P15,000 service charge) P13,500,000 10,500,000 All reconciling items on August 31, 2021 cleared the bank in September. Outstanding checks on September 30 totaled P900,000. There deposits in transit amounted to P1,500,000 on September 30. What is the amount of cash tast

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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25
5. Using the given, compute the cash conversion cycle of the entity. Beginning Ending Average P 300,000 P 350,000 P 325,000 200,000 Trade receivables 800,000 ??? Inventory Trade payables 300,000 ??? 650,000 For the year Sales (all on credit) P 2,600,000 Purchases 1,950,000 Your answer 7. Interpret the given and the cash conversion cycle. Provide points of improvement. Be specific. Answer in three to five sentences. Your answer
58. Which of the following is/are cash equivalents?I. 180-day investment in a money market dated August 1, 2021 and purchased on November 15, 2022, P25,000II. Postal Money Order, P60,000III. 90-day treasury bill, P50,000IV. Two-year treasury note dated February 15, 2020, and acquired on December 1, 2021, P120,000. a. I and III b. I, II and III c. I, II, III and IV d. I, III and IV
Cash and cash equivalents at end of the year R1,130,000 how did you get this amount?
A8 please help.....
B9
Question 9 Given the cash flows in actual dollars provided in the following table, calculate the present worth value of actual cash flow. Assume that the market interest rate is 16% and the general inflation rate is at 4% each year. n 0 4 5 7 1 pts Cash Flow (in actual dollars) $20,500 $41,500 $36,500 $55,500
5 a. What is the payback period (Be exact to 1 decimal place) of the cash flow below? 1500 1700 10000 1900 2300 2100 0 1 2 3 4 5 m 1800 2000 1500 00 1700 1900 9 10 2100 11 2300 12
Items 23 through 25 are based on the following data: The January 31, 2020 balance sheet of Miko Corporation shows the following information: P8,000 Cash for 38,000 Accounts receivable (net of allowance uncollectible accounts of P2,000) 16,000 Inventory 40,000 Property, plant and equipment (net of allowance for accumulated depreciation of P60,000) P102,000 Total assets P82,500 Accounts payable Ordinary shares Retained earnings (deficit) Total liabilities and stockholder's equity 50,000 (30,500) P102,000 Additional information: Sales are budgeted as follows: February P110,000 March 120,000 Collections are expected to be 60% in the month of sale, 38% the next month, and 2% uncollectible. The gross margin is 25% sales. Purchases each month are 75% of the next month's projected sales. The purchases are paid in full the following month. o Other expenses for each month, paid in cash, are expected to be P16,500. Depreciation each month is P5,000.
Question 6.29 The following three sets of cash flows have the same present value: 10,000 payable in 1 year 1,200 at the end of each year for 12 years, with the first payment to be made in one year . X per year, with the first payment to be made in 20 years and the final payment to be made in 30 years The force of interest is constant. Calculate X. A 281 B 4,971 C 5,299 D 5,341 E 5,693
plz answer question 3.
Calculate the Payback Period?