Question AFull explain this question and text typing work only We should answer our question within 2 hours takes more time then we will reduce Rating Dont ignore this line. Sales for the year were $77,000 and cost of goods sold were $61,600.The balance sheet at the end of the year is given below:AssetsCash13,00016,000Accounts receivable 7,00016,00034,00095,00054,000Total liabilities111,00034,000Paid-in capital20,00080,000Retained earnings37,000114,000Equity57,000168,000 Total liab. & equity 168,000InventoryCurrent assetsMachinesReal estateNet fixed assetsTotal assetsPart 1What is the firm's days' sales in inventory?0+ decimalsLiabilities and EquityAccounts payableCurrent liabilitiesLong-term debtPart 2What is the firm's days' sales in receivables?1+ decimals

Accounts receivable means the amount which is due from the customers. These are current assets which…

Sales for the year were $77,000 and cost of goods sold were $61,600. The balance sheet at the end of the year is given below: Assets Cash 13,000 Accounts receivable 7,000 Inventory 34,000 Current assets 54,000 Machines 34,000 80,000 114,000 168,000 Real estate Net fixed assets Total assets Part 1 What is the firm's days' sales in inventory? 0+ decimals Liabilities and Equity Accounts payable Current liabilities Long-term debt 1+ decimals 16,000 16,000 95,000 Total liabilities 111,000 Paid-in capital 20,000 Retained earnings 37,000 Equity 57,000 Total liab. & equity 168,000 Part 2 What is the firm's days' sales in receivables?

Sales for the year were $77,000 and cost of goods sold were $61,600. The balance sheet at the end of the year is given below: Assets Cash 13,000 Accounts receivable 7,000 Inventory 34,000 Current assets 54,000 Machines 34,000 80,000 114,000 168,000 Real estate Net fixed assets Total assets Part 1 What is the firm's days' sales in inventory? 0+ decimals Liabilities and Equity Accounts payable Current liabilities Long-term debt 1+ decimals 16,000 16,000 95,000 Total liabilities 111,000 Paid-in capital 20,000 Retained earnings 37,000 Equity 57,000 Total liab. & equity 168,000 Part 2 What is the firm's days' sales in receivables?

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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ompatibility Mode - Word Search Rafael Luna RL File Home Insert Draw Design Layout References Mailings Review View Help Share Comments X Times New Rom 12 AA Aa A E ALT Find Sc Replace Select AaBbCcl AaBbc AaBbCd AaBbCc. AaBbCcD Emphasis Heading 1 1 Normal Strong Subtitle Paste BIU Dictate ab x, X? ADA Sensitivity Editor Clipboard Font Paragraph Styles Editing Voice Sensitivity Editor Two projects are competing for funding at your company. The current interest rate is 5%. Project A is an Energy Saving project that costs $15,000. It doesn't save any money in Year 1. but begins in Year 2 at $1000, Year 3 at $2000, Year 4 at $3000, and Year 5 at $4000. Project B is a Water Saving project that costs $13,500. It begins saving money in Year 1 through 4 at $3000. f. Draw the cash flow diagrams g. Which should you select as the best economic alternative? Show your calculations for both alternatives for credit (and use the compound interest tables, not formulas) to justify your answer. Pay close…
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O Zoom Meeting You are viewing Rinki Maheshwari's screen View Options - Original Sound: Off * View DzL Chapter 6- Marginal costing x O Post Attendee - Zoom M Inbox (2,520) - rinkimahesh x O Dashboard - TimeClockWiz x O Managerial Accounting.pdf x O Dashboard - Instructor + i eastwestcollege.brightspace.com/d21/le/content/7747/viewContent/28312/View Error Prepared by- Aradhana Khera 4. From the following information, find out sales at BEP in units. Variable cost per unit = $15 Sales per unit = $20 Fixed expenses = $54,000 Solution- Contribution per unit = SP per unit - VC per unit= 20-15= $5 BEP IN UNITS = FC/CONTRIBUTION PER UNIT = 54000/5 ull Rinki Maheshwari = 10,800 UNITS 5. Calculate (i) BEP, and (ii) Margin of Safety based on the following information: Sales = $100,000 Total cost = $80,000 Fixed cost = $20,000 Net profit = 80,000 A Download A Print • 24 Leave Unmute Start Video Participants Chat Share Screen Record Reactions ENG 10:16 AM 令中 28 2022-03-04 US
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