Chapter 13, Problem 51P

Blue Air Inc., has net sales of $740,000 and accounts receivables of $163,000. What is the firm's accounts receivables turnover?

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calculation of Initial cost

Subject accounting

FlagStaff Ltd has a defined benefit pension plan for its employees. The company is considering introducing a defined benefit contribution plan, which will be available to all incoming staff. Although the defined benefit plan is now closed to new staff, the fund is active for all employees who have tenure with the company. In 2020, the following actuarial report was received for the defined benefit plan:   2020/$ Present value of the defined benefit obligation 31 December 2019 18 000 000 Past Service Cost 4 000 000 Net interest        ? Current service cost  600 000 Benefits paid   2 000 000  Actuarial gain/loss on DBO ? Present value of the defined benefit obligation 31 December 2020 21 000 000 Fair value of plan assets at 31 December 2019 17 000 000 Return on plan assets        ? Contributions paid to the plan during the year    1 500 000 Benefits paid by the plan during the year 2 000 000 Fair value of plan assets at 31 December 2020 27 500 000  Additional information  All…

Subject: financial accounting

Garrison's Finishing Department started the month with 15,000 units in its beginning work in process inventory. An additional 95,000 units were transferred in from the prior department during the month to begin processing in the Finishing Department. There were 30,000 units in the ending work in process inventory, which were 50% complete with respect to conversion costs. What are the equivalent units for conversion costs in the Finishing Department for the month? I want answer

Solve this financial accounting problem

Complete the attached table and explain with the below info - also calculate the missing values - FlagStaff Ltd has a defined benefit pension plan for its employees. The company is considering introducing a defined benefit contribution plan, which will be available to all incoming staff. Although the defined benefit plan is now closed to new staff, the fund is active for all employees who have tenure with the company. In 2020, the following actuarial report was received for the defined benefit plan:   2020/$ Present value of the defined benefit obligation 31 December 2019 18 000 000 Past Service Cost 4 000 000 Net interest        ? Current service cost  600 000 Benefits paid   2 000 000  Actuarial gain/loss on DBO ? Present value of the defined benefit obligation 31 December 2020 21 000 000 Fair value of plan assets at 31 December 2019 17 000 000 Return on plan assets        ? Contributions paid to the plan during the year    1 500 000 Benefits paid by the plan during the year 2 000…