Write your answers for the boxes below that are highlighted with letters.MetricFebruary# of daysLYJanuary2019$ 8,100.00$ 7,900.00Plan$8,464.50$ 8,334.50TY$8,050.00$ 7,800.00Planned % increaseae.Average Daily RevenueDiff TY-LYb.Diff TY to PlanC.% Eff to Pland.gh.March22$ 8,600.00$9,116.00$8,100.00Πk.Based on a Hit Rate of 20%, how much do you need to position in the pipeline to make up for the gap?

Filling the Gap in the PipelineLet's calculate the revenue gap and how much needs to be positioned…

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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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O Mail - Edjouline X E Content - ACG2 X * CengageNOW. X O (58) YouTube * from Towards a X m/ilm/takeAssignment/takeAssignmentMain.do?invoker=assignments&takeAssignmentSessionLocator=assignment-take&inpro. Q < ☆ STIOW Me TOW Percent of Sales Method At the end of the current year, Accounts Receivable has a balance of $410,000; Allowance for Doubtful Accounts has a credit balance of $3,500; and sales for the year total $1,850,000. Bad debt expense is estimated at 3/4 of 1% of sales. a. Determine the amount of the adjusting entry for uncollectible accounts. b. Determine the adjusted balances of Accounts Receivable, Allowance for Doubtful Accounts, and Bad Debt Expense. Adjusted Balance Debit (Credit) Accounts Receivable Allowance for Doubtful Accounts Bad Debt Expense c. Determine the net realizable value of accounts receivable. Check My Work Previous Next V O 11:51
Forecast the ATO based on the following data. Sales 1 $66.170B Sales 2 $66.463B NOA 1 $107.760B NOA 2 $109.727B PM average is 14.5% Post you answer with 2 decimal. 0.88 for example
YE3tcuBfirwShOSzu2prZ7nd44k0L-w/formResponse?pli=1 e following to answer the five questions below: owing accounts are extracted from the worksheet of X Company on ber 31, 2020 Sales Retums and Allowances S 410,000 Sales Discount 140,000 Sales 1,500,000 Salaries Expenses - Sales 52,000 Rent Revenue 22,000 Purchases Retums and Allowances 120,000 Purchases 600,000 Loss from write down of Inventory 17,000 Inventory, January 1, 2020 460,000 Interest Expense A 55,000 Gain from Sale of Building 23,000 Freight-out 14,000 Freight-in 30,000 Depreciation Expense - Sales 22,000 Cost of Goods Sold 600,000 n the data above, the inventory account sho ed a holon
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Saved e Quiz: Accounting for Current Liabi... A Required information Knowledge Check 01 The records of Pippins, Incorporated, included the following information: Net sales 475,000 Gross margin Interest expense Income tax expense Net income 000'0 000'0 Compute the times interest earned ratio, rounded to the nearest decimal. O 4.8 O 6.4 O7.4 O 20.0 *********** II F3 F5 F6 F8 F4 #3
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a. Date formats b. Profit & Loss Standard report c. % of Income d. QuickZoom e. Without Cents f. Divided by 1000 g. Previous Period $ Change h. Previous Period % Change i. To date ________ The end of the reporting period. ________ When selected in the Modify Report window, this check box requires QuickBooks Accountant to report amounts in thousands. ________ Adds a subcolumn to a Profit & Loss report that calculates the relative percentage change in each item from a previous period. ________ The beginning of the reporting period. ________ A financial statement reporting the revenues and expenses of a business for a specific accounting period. ________ Adds a subcolumn to a Profit & Loss report that calculates the amount of change in each item from a previous period. ________ A preference option that specifies whether years in date fields are shown as two digits or four digits. ________ A feature in QuickBooks Accountant that allows you to view the transaction details…
Income Statement: The income statement of Taco Bell company is given for the years 2020 & 2019. 2020 2019 General and administrative expenses 25,000 24,000 Interest expense 1,200 1,500 Net sales $124,000 $138,000 Selling expenses 11,880 12,720 Income taxes $1,109.5 1,883 COGS 108,000 95,000 Gain on Sale of land 450 600 1. What is the operating profit marain for the company over the years 2020 and + O d) ENG TOSHIBA
19. Using the following information, calculate the return on assets. Net income for November Total assets, November 1 Total assets, November 30 15,555 85,000 98,000 $ Identify the formula and then solve for return on assets (ROA). (Round the ROA to the nearest tenth percent, X.X%.) ROA + + = %
ch Resultein education.com/ext/map/index.html?_con3con&external browser=0&laundchUrl%=https%253A%252F%252FIms.mheducat ork: Assignment 2 i panes Otis Company's income statement information folloWS: Year 3 Year 2 Net sales 000ʻ08$ 000'oZT 000'18 000'6 000'008 000'ozeS 000'86 000ʻZL 000'8 000'06Z 000'00z Income before interest and taxes Net income after taxes Interest expense Stockholders' equity, December 31 (Year l: $200,000) Common stock, December 31 240,000 The average number of shares outstanding was 9,600 for Year 3 and 8,000 for Year 2. Required Compute the following ratios for Otis for Year 3 and Year 2. a. Number of times interest was earned. (Round your answers to 2 decimal places.) b. Earnings per share based on the average number of shares outstanding. (Round your answers c. Price-earnings ratio (market prices: Year 3, $64 per share; Year 2, $78 per share). (Round interm answers to 2 decimal places.) d. Return on average equity. (Round your answers to 2 decimal places. (i.e.,…
Home om/ilm/takeAssignment/takeAssignmentMain.do?invo... A Net income X CengageNOWV2 | Online teachin X + Interest expense Fiscal Year 3 $146,200 3,000 anteay M Fiscal Year 3 Fiscal Year 2 Fiscal Year 1 Total assets (at end of fiscal year) $3,232,667 $2,945,905 $3,398,445 1,220,347 1,196,181 866,833 Total stockholders' equity (at end of fiscal year) Assume the apparel industry average return on total assets is 8.0%, and the average return on stockholders' equity is 15.0 % for the year ended April 2, Year 3. a. Determine the return on total assets for East Point for fiscal Years 2 and 3. Round to one decimal place. Fiscal Year 3 Fiscal Year 2 b. Determine the return on stockholders' equity for East Point for fiscal Years 2 and 3. Round to one decimal place. Fiscal Year 3 Fiscal Year 2 c. The return on stockholders' equity is the return on total assets due to the use of leverage. d. During fiscal Year 3, East Point's results were, compared to the industry average. The return on total…
The adjusted trial balance for Chiara Company as of December 31 follows. Cash Accounts receivable Interest receivable Notes receivable (due in 90 days) Office supplies Automobiles Accumulated depreciation-Automobiles COME Equipment equip Accumulated depreciation-Equipment AULI P Land Accounts payable Decou Interest payable CHERA Salaries payable TUTOR Unearned revenue Long-term notes payable commo Common stock Retained earnings Dividends Services revenue Interest revenue Depreciation expense-Automobiles Depreciation expense-Equipment Salaries expense Wages expense Interest expense Office supplies expense Advertising expense Repairs expense-Automobiles Totals Debit $ 118,100 54,000 22,800 169,000 15,500 170,000 140,000 77,000 52,000 27,000 19,000 183,000 41,000 34,000 35,200 61,000 29,200 $1,247,800 Credit $ 100,000 21,000 95,000 35,000 15,000 36,000 148,000 29,580 266,220 474,000 28,000 $ 1,247,800 Required: Use the information in the adjusted trial balance to prepare (a) the income…

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