Chapter 20, Problem 22E

XYZ Co. has an average collection period of 45 days. Total credit sales for the year were $3,200,000. What is the balance in accounts receivable at year-end? (Use 360 days in a year. Round to the nearest dollar.)

General accounting question

What is the profit margin?

Can you explain this financial accounting question using accurate calculation methods?

What is the direct labor rate variance?

What is the required sales to achieve this income? Please solve general accounting question do fast

Samantha works as a sales assistant. She receives a weekly wage of $280 plus a commission of $0.12 per dollar of goods sold. During one week, Samantha sold goods worth $2,100. The following deductions apply to her gross earnings: pension contribution of 6.5% of gross earnings and income tax of $55. Calculate Samantha's net earnings for the week.

Solve this financial accounting problem

Fennel Industries had 6,420 actual direct labor hours at an actual rate of $15.60 per hour. Original production had been budgeted for 950 units, but only 880 units were actually produced. Labor standards were 7.2 hours per completed unit at a standard rate of $16.10 per hour. What is the direct labor rate variance?