View Policies Current Attempt in Progress The financial statements of winery Andrew Peller Limitedreported net sales of $342606 thoand for year ended Mar 31. 2017. Accounts receivable were $26.973 thousand at March 31. 2017. d $28.223 theunand Mah 31201 Calculate the company's accounts receivable turnover ratio and the average collestion peried for acous receivate in nd answers to 2 decimal placesng 1525. Uhe 35 deys for caloulation) tes Accounts receivable turnover ratio days Average collection period for accounts receivable in days eTextbook and Media

View Policies Current Attempt in Progress The financial statements of winery Andrew Peller Limitedreported net sales of $342606 thoand for year ended Mar 31. 2017. Accounts receivable were $26.973 thousand at March 31. 2017. d $28.223 theunand Mah 31201 Calculate the company's accounts receivable turnover ratio and the average collestion peried for acous receivate in nd answers to 2 decimal placesng 1525. Uhe 35 deys for caloulation) tes Accounts receivable turnover ratio days Average collection period for accounts receivable in days eTextbook and Media

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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Yeah Corporation has accounts receivable of $96,000 at March 31, 2018. An analysis of the accounts shows these amounts. Balance, March 31 Month of Sale 2018 2017 March (current) $65,900 $76,200 February (1 – 30 days past due) 12,900 7,900 December and January (31 – 90 days past due) 10,100 2,100 (over 90 days past due) 7,100 1,200 $96,000 $87,400 Credit terms are 2/10, n/30. At March 31, 2018, there is an unadjusted $2,300 credit balance in Allowance for Doubtful Accounts. The company uses the percentage of receivables by age category for estimating uncollectible accounts Yeah's estimates of bad debts are as shown below. Age of Accounts Estimated PercentageUncollectible Current 3% 1–30 days past due 6% 31–90 days past due 30% Over 90 days past due 50% Prepare an aging schedule to determine the total estimated uncollectibles at March 31, 2018. Accounts Receivable…
еВook Print Item Record journal entries for the following transactions of Telesco Enterprises. Jan. 1, 2018 Issued a $331,700 note to customer Abe Willis as terms of a merchandise sale. The merchandise's cost to Telesco is $125,900. Note contract terms included a 36-month maturity date, and a 8% annual interest rate. Dec. 31, 2018 Telesco records interest accumulated for 2018. Dec. 31, 2019 Telesco records interest accumulated for 2019. Dec. 31, 2020 Abe Willis honors the note and pays in full with cash. If an amount box does not require an entry, leave it blank. Jan. 1, 2018 To record sale in exchange for Notes Receivable: Willis, 36-month maturity, 8% interest rate Jan. 1, 2018 To record the cost of sale Dec. 31, 2018 To record interest accumulated in 2018 88 Dec. 31, 2019 To record interest accumulated in 2019 Dec. 31, 2020 Previous
previous balance apr monthly periodic rate finance charge purchase ans cash advances payments and credits new balance
Please help me with show all calculation thanku
answers in spreadsheet please
Instructions The following selected transactions were completed by Interlocking Devices Co., a supplier of zippers for clothing: 2017 Dec 2018 Feb 7 Received from Unitarian Clothing & Bags Co., on account, a $30,000, 60-day, 6% note dated December 7 Recorded an adjusting entry for accrued interest on the note of December 7. Recorded the closing entry for interest revenue. DATE 31 31 5 Received payment of note and interest from Unitarian Clothing & Bags Co. Joumalize the entries to record the transactions. If no entry is required, simply skip to the next transaction Refer to the Chart of Accounts for exact wording of account titles. Assume a 360-day DESCRIPTION POST. REF. DEBIT CREDIT ASSETS LIABILITIES EQUITY
Marx Corporation has accounts receivable of $96,000 at March 31, 2018. An analysis of the accounts shows these amounts. Balance, March 31 Month of Sale 2018 2017 March (current) $65,900 $76,200 February (1 – 30 days past due) 12,900 7,900 December and January (31 – 90 days past due) 10,100 2,100 (over 90 days past due) 7,100 1,200 $96,000 $87,400 Credit terms are 2/10, n/30. At March 31, 2018, there is an unadjusted $2,300 credit balance in Allowance for Doubtful Accounts. The company uses the percentage of receivables by age category for estimating uncollectible accounts Marx’s estimates of bad debts are as shown below. Age of Accounts Estimated PercentageUncollectible Current 3% 1–30 days past due 6% 31–90 days past due 30% Over 90 days past due 50% Prepare the adjusting entry at March 31, 2018, to record bad debts expense.
PreviousBalance AnnualPercentageRate (APR)(as a %) MonthlyPeriodicRate FinanceCharge(in $) Purchasesand CashAdvances PaymentsandCredits NewBalance(in $) $2,490.00 % 1 1 4 % $ $1,374.98 $300.00 $
table belom shows the financial statements of a fan components supplier company that started it's operation in 1st January 2021.Calculate the profit and loss statement for the year ended December 2021.
Only typing answer Please explain step by step without table and graph thankyou
On January 1, 2021, the general ledger of ACME Fireworks includes the following account balances:Accounts Debit CreditCash $ 25,100Accounts Receivable 46,200Allowance for Uncollectible Accounts $ 4,200Inventory 20,000Land 46,000Equipment 15,000Accumulated Depreciation 1,500Accounts Payable 28,500Notes Payable (6%, due April 1, 2022) 50,000Common Stock 35,000Retained Earnings…
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