The following is the excerpt of financial information of WATANABE Corporation on December 31, 2022 and on December 31, 2021: Account 2022 2021 Cost of Goods sold 88,456,000.00 87,235,000.00 Gross profit 5,000,000.00 3,500,000.00 Interest expense 300,000.00 300,000.00 Income Tax expense 50,000.00 34,500.00 Cash 75,000.00 120,000.00 Accounts Receivable 720,000.00 795,000.00 Inventories 300,000.00 245,000.00 Trading/Marketable 50,000.00 50,000.00 Securities Land 7,000,000.00 7,000,000.00 Accounts Payable 450,000.00 325,000.00 Mortgage Payable 750,000.00 750,000.00 Considering that all sales are made on account, how many days is the average collection period in year 2022? A 20.13 days or 21 days B 17.88 days or 18 days cannot be determined 16.26 days or 17 days

The following is the excerpt of financial information of WATANABE Corporation on December 31, 2022 and on December 31, 2021: Account 2022 2021 Cost of Goods sold 88,456,000.00 87,235,000.00 Gross profit 5,000,000.00 3,500,000.00 Interest expense 300,000.00 300,000.00 Income Tax expense 50,000.00 34,500.00 Cash 75,000.00 120,000.00 Accounts Receivable 720,000.00 795,000.00 Inventories 300,000.00 245,000.00 Trading/Marketable 50,000.00 50,000.00 Securities Land 7,000,000.00 7,000,000.00 Accounts Payable 450,000.00 325,000.00 Mortgage Payable 750,000.00 750,000.00 Considering that all sales are made on account, how many days is the average collection period in year 2022? A 20.13 days or 21 days B 17.88 days or 18 days cannot be determined 16.26 days or 17 days

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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Unit IV question 13
3 . D e t e r m i n e t h e a n n u a l n e t c o s t o f t h e s e c h e c k i n g a c c o u n t s : a ) M o n t h l y f e e o f P 5 0 0 . 0 0 , a c h e c k p r o c e s s i n g f e e o f P 2 5 0 . 0 0 , a n a v e ra g e o f 1 9 c h e c k s w r i t t e n p e r m o n t h b ) A n n u a l i n t e r e s t o f 2 . 5 % p a i d i f b a l a n c e e x c e e d s P 2 0 , 0 0 0 . 0 0 , P 2 , 0 0 0 . 0 0 m o n t h l y f e e i f a c c o u n t f a l l s b e l o w t h e m i n i m u m b a l a n c e , a v e r a g e m o n t h l y b a l a n c e P 1 5 , 0 0 0 . 0 0 , a c c o u n t f a l l s b e l o w P 1 0 , 0 0 0 . 0 0 d u r i n g 4 m o n t h s .
n 13 h/w 6 ts https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fne... eBook Print erences Revenue: Net sales Dividend income Interest income Gain on sales of marketable securities Total revenue and gains Costs and expenses: Cost of goods sold Operating expenses Interest expense Income tax expense Total costs and expenses Net income Question 6 - Ch 13 h/w - Connect TREECE, INC. INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2021 The following income statement and selected balance sheet account data are available for Treece, Inc., at December 31, 2021. Selected account balances: Saved ✪ Help Save & Exit Submit Check my work
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Hambelton Ltd. issued $5,000,000 of 5% bonds payable on 1 September 20X9 to yield 4%. Interest on the bonds is paid semi-annually and is payable each 28 February and 31 August. The bonds were dated 1 March 20X8, and had an original term of five years. The accounting period ends on 31 December. The effective-interest method is used. (PV of $1, PVA of $1, and PVAD of $1.) (Use appropriate factor(s) from the tables provided.) Required: 1. Determine the price at which the bonds were issued. (Round time value factor to 5 decimal places. Do not round intermediate calculations. Round your final answer to the nearest whole dollar amount.) Price of Bond 2. Prepare a bond amortization table for the life of the bond. (Round time value factor to 5 decimal places. Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount. Leave no cells blank - be certain to enter "O" wherever required.) Interest Interest Premium Unamortized Net Bond Date Payment Expense…
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