Days Payable outstanding (DPO): Days payable outstanding is the time in days which the company takes to pay off its accounts payable. Day’s payable outstanding is calculated using the following formula: D a y ’ s p a y a b l e o u t s t a n d i n g = A c c o u n t s P a y a b l e * 365 C o s t o f S a l e s Requirement-a: The day's payables outstanding of Wenz Co. for year 1 and Year 2

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Answer 1

Question

Chapter 7, Problem 15QS

To determine

Concept Introduction:

Days Payable outstanding (DPO): Days payable outstanding is the time in days which the company takes to pay off its accounts payable. Day’s payable outstanding is calculated using the following formula:

Day’s payable outstanding = Accounts Payable * 365Cost of Sales

Requirement-a:

The day's payables outstanding of Wenz Co. for year 1 and Year 2

To determine

Concept Introduction:

Days Payable outstanding (DPO): Days payable outstanding is the time in days which the company takes to pay off its accounts payable. Day’s payable outstanding is calculated using the following formula:

Day’s payable outstanding = Accounts Payable * 365Cost of Sales

Requirement-b:

If company has negotiated better credit terms in year 2 as compared with year 1

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Chapter 15 Homework 13 Saved Help Save & Exit Submit Part 1 of 2 0.83 points eBook Ask Required information Use the following information to answer questions. (Algo) [The following information applies to the questions displayed below.] Information on Kwon Manufacturing's activities for its first month of operations follows: a. Purchased $100,800 of raw materials on credit. b. Materials requisitions show the following materials used for the month. Job 201 Job 202 Total direct materials Indirect materials Total materials used $ 49,000 24,400 73,400 9,420 $ 82,820 c. Time tickets show the following labor used for the month. Print References Job 201 $ 40,000 Job 202 13,400 Total direct labor 53,400 25,000 $ 78,400 Indirect labor Total labor used d. Applied overhead to Job 201 and to Job 202 using a predetermined overhead rate of 80% of direct materials cost. e. Transferred Job 201 to Finished Goods Inventory. f. Sold Job 201 for $166,160 on credit. g. Incurred the following actual other…

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Anti-Pandemic Pharma Co. Ltd. reports the following information in its income statement: Sales = $5,250,000; Costs = $2, 173,000; Other expenses = $187,400; Depreciation expense = $79,000; Interest expense= $53,555; Taxes $76,000; Dividends $69,000. $136,700 worth of new shares were also issued during the year and long-term debt worth $65,300 was redeemed. a) Compute the cash flow from assets b) Compute the net change in working capital (325 marks)

Answer 2

Question

Chapter 7, Problem 15QS

To determine

Concept Introduction:

Days Payable outstanding (DPO): Days payable outstanding is the time in days which the company takes to pay off its accounts payable. Day’s payable outstanding is calculated using the following formula:

Day’s payable outstanding = Accounts Payable * 365Cost of Sales

Requirement-a:

The day's payables outstanding of Wenz Co. for year 1 and Year 2

To determine

Concept Introduction:

Days Payable outstanding (DPO): Days payable outstanding is the time in days which the company takes to pay off its accounts payable. Day’s payable outstanding is calculated using the following formula:

Day’s payable outstanding = Accounts Payable * 365Cost of Sales

Requirement-b:

If company has negotiated better credit terms in year 2 as compared with year 1

Expert Solution & Answer

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Answer 3

Question

Chapter 7, Problem 15QS

To determine

Concept Introduction:

Days Payable outstanding (DPO): Days payable outstanding is the time in days which the company takes to pay off its accounts payable. Day’s payable outstanding is calculated using the following formula:

Day’s payable outstanding = Accounts Payable * 365Cost of Sales

Requirement-a:

The day's payables outstanding of Wenz Co. for year 1 and Year 2

To determine

Concept Introduction:

Days Payable outstanding (DPO): Days payable outstanding is the time in days which the company takes to pay off its accounts payable. Day’s payable outstanding is calculated using the following formula:

Day’s payable outstanding = Accounts Payable * 365Cost of Sales

Requirement-b:

If company has negotiated better credit terms in year 2 as compared with year 1

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 4

Question

Chapter 7, Problem 15QS

To determine

Concept Introduction:

Days Payable outstanding (DPO): Days payable outstanding is the time in days which the company takes to pay off its accounts payable. Day’s payable outstanding is calculated using the following formula:

Day’s payable outstanding = Accounts Payable * 365Cost of Sales

Requirement-a:

The day's payables outstanding of Wenz Co. for year 1 and Year 2

To determine

Concept Introduction:

Days Payable outstanding (DPO): Days payable outstanding is the time in days which the company takes to pay off its accounts payable. Day’s payable outstanding is calculated using the following formula:

Day’s payable outstanding = Accounts Payable * 365Cost of Sales

Requirement-b:

If company has negotiated better credit terms in year 2 as compared with year 1

Expert Solution & Answer

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Answer 5

Chapter 7, Problem 15QS

To determine

Concept Introduction:

Days Payable outstanding (DPO): Days payable outstanding is the time in days which the company takes to pay off its accounts payable. Day’s payable outstanding is calculated using the following formula:

Day’s payable outstanding = Accounts Payable * 365Cost of Sales

Requirement-a:

The day's payables outstanding of Wenz Co. for year 1 and Year 2

To determine

Concept Introduction:

Days Payable outstanding (DPO): Days payable outstanding is the time in days which the company takes to pay off its accounts payable. Day’s payable outstanding is calculated using the following formula:

Day’s payable outstanding = Accounts Payable * 365Cost of Sales

Requirement-b:

If company has negotiated better credit terms in year 2 as compared with year 1

Answer 6

Chapter 7, Problem 15QS

To determine

Concept Introduction:

Days Payable outstanding (DPO): Days payable outstanding is the time in days which the company takes to pay off its accounts payable. Day’s payable outstanding is calculated using the following formula:

Day’s payable outstanding = Accounts Payable * 365Cost of Sales

Requirement-a:

The day's payables outstanding of Wenz Co. for year 1 and Year 2

Answer 7

Chapter 7, Problem 15QS

To determine

Concept Introduction:

Days Payable outstanding (DPO): Days payable outstanding is the time in days which the company takes to pay off its accounts payable. Day’s payable outstanding is calculated using the following formula:

Day’s payable outstanding = Accounts Payable * 365Cost of Sales

Requirement-a:

The day's payables outstanding of Wenz Co. for year 1 and Year 2

Answer 8

To determine

Concept Introduction:

Days Payable outstanding (DPO): Days payable outstanding is the time in days which the company takes to pay off its accounts payable. Day’s payable outstanding is calculated using the following formula:

Day’s payable outstanding = Accounts Payable * 365Cost of Sales

Requirement-b:

If company has negotiated better credit terms in year 2 as compared with year 1

Answer 9

To determine

Concept Introduction:

Days Payable outstanding (DPO): Days payable outstanding is the time in days which the company takes to pay off its accounts payable. Day’s payable outstanding is calculated using the following formula:

Day’s payable outstanding = Accounts Payable * 365Cost of Sales

Requirement-b:

If company has negotiated better credit terms in year 2 as compared with year 1

Answer 10

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Answer 11

Expert Solution & Answer

Answer 12

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Answer 13

Ch. 7 - Prob. 1QS Ch. 7 - Prob. 2QS Ch. 7 - Identifying general and subsidiary ledgers C2 For...Ch. 7 - QS 7-4 Controlling accounts and subsidiary ledgers...Ch. 7 - QS7-3 Identifying the special journal of...Ch. 7 - Prob. 6QS Ch. 7 - Prob. 7QS Ch. 7 - Prob. 8QS Ch. 7 - QS 7-9 Identifying journal of entry P1 P2 P3...Ch. 7 - Prob. 10QS

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