Days’ payable outstanding: Days’ payable outstanding tells about the number of days a company takes to repay its’ creditors. In other words we can say that it shows relationship between accounts payable and cost of goods sold. Low number of days shows that a company is paying creditors quickly but higher the number of days shows that a company is not able to pay creditors quickly. Requirement 1: Days’ payable outstanding for the current year.

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Answer 1

Question

Chapter C, Problem 13E

To determine

Concept introduction:

Days’ payable outstanding:

Days’ payable outstanding tells about the number of days a company takes to repay its’ creditors. In other words we can say that it shows relationship between accounts payable and cost of goods sold. Low number of days shows that a company is paying creditors quickly but higher the number of days shows that a company is not able to pay creditors quickly.

Requirement 1:

Days’ payable outstanding for the current year.

To determine

Concept introduction:

Days’ payable outstanding:

Days’ payable outstanding tells about the number of days a company takes to repay its’ creditors. In other words we can say that it shows relationship between accounts payable and cost of goods sold. Low number of days shows that a company is paying creditors quickly but higher the number of days shows that a company is not able to pay creditors quickly.

Requirement 2:

By how many days would days’ payable outstanding be reduced?

To determine

Concept introduction:

Days’ payable outstanding:

Days’ payable outstanding tells about the number of days a company takes to repay its’ creditors. In other words we can say that it shows relationship between accounts payable and cost of goods sold. Low number of days shows that a company is paying creditors quickly but higher the number of days shows that a company is not able to pay creditors quickly.

Requirement 3:

By how many days would days’ payable outstanding be increased?

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Horngren's Financial & Managerial Accounting: The Managerial Chapters, 8th Edition. E-M:2-19 Accounting for job costs Brook Trailers’ job cost records yielded the following information: Job No. Date Total Cost of Job at July 31 Started Finished Sold 1 21-Jun 16-Jul 17-Jul $ 3,100 2 29-Jun 21-Jul 26-Jul 13,000 3 3-Jul 11-Aug 13-Aug 6,900 4 7-Jul 29-Jul 1-Aug 4,400 Use the dates in the table to identify the status of each job. Compute the following balances for Brook Trailers: a. Work-in-Process Inventory at July 31 b. Finished Goods Inventory at July 31 c. Cost of Goods Sold for July c. COGS $16,100

Donald Diesel owns the Fredonia Barber Shop. He employs 5 barbers and pays each a base salary of $1,380 per month. One of the barbers serves as the manager and receives an extra $535 per month. In addition to the base salary, each barber also receives a commission of $3.75 per haircut. Other costs are as follows. Advertising $270 per month Rent $1,010 per month Barber supplies $0.50 per haircut Utilities $160 per month plus $0.15 per haircut Magazines $35 per month Donald currently charges $11.00 per haircut. Compute the break-even point in sales units and in sales dollars. Break-even point Break-even point sales $ haircuts

Answer 2

Question

Chapter C, Problem 13E

To determine

Concept introduction:

Days’ payable outstanding:

Days’ payable outstanding tells about the number of days a company takes to repay its’ creditors. In other words we can say that it shows relationship between accounts payable and cost of goods sold. Low number of days shows that a company is paying creditors quickly but higher the number of days shows that a company is not able to pay creditors quickly.

Requirement 1:

Days’ payable outstanding for the current year.

To determine

Concept introduction:

Days’ payable outstanding:

Days’ payable outstanding tells about the number of days a company takes to repay its’ creditors. In other words we can say that it shows relationship between accounts payable and cost of goods sold. Low number of days shows that a company is paying creditors quickly but higher the number of days shows that a company is not able to pay creditors quickly.

Requirement 2:

By how many days would days’ payable outstanding be reduced?

To determine

Concept introduction:

Days’ payable outstanding:

Days’ payable outstanding tells about the number of days a company takes to repay its’ creditors. In other words we can say that it shows relationship between accounts payable and cost of goods sold. Low number of days shows that a company is paying creditors quickly but higher the number of days shows that a company is not able to pay creditors quickly.

Requirement 3:

By how many days would days’ payable outstanding be increased?

Expert Solution & Answer

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Answer 3

Question

Chapter C, Problem 13E

To determine

Concept introduction:

Days’ payable outstanding:

Days’ payable outstanding tells about the number of days a company takes to repay its’ creditors. In other words we can say that it shows relationship between accounts payable and cost of goods sold. Low number of days shows that a company is paying creditors quickly but higher the number of days shows that a company is not able to pay creditors quickly.

Requirement 1:

Days’ payable outstanding for the current year.

To determine

Concept introduction:

Days’ payable outstanding:

Days’ payable outstanding tells about the number of days a company takes to repay its’ creditors. In other words we can say that it shows relationship between accounts payable and cost of goods sold. Low number of days shows that a company is paying creditors quickly but higher the number of days shows that a company is not able to pay creditors quickly.

Requirement 2:

By how many days would days’ payable outstanding be reduced?

To determine

Concept introduction:

Days’ payable outstanding:

Days’ payable outstanding tells about the number of days a company takes to repay its’ creditors. In other words we can say that it shows relationship between accounts payable and cost of goods sold. Low number of days shows that a company is paying creditors quickly but higher the number of days shows that a company is not able to pay creditors quickly.

Requirement 3:

By how many days would days’ payable outstanding be increased?

Expert Solution & Answer

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See solution

Answer 4

Question

Chapter C, Problem 13E

To determine

Concept introduction:

Days’ payable outstanding:

Days’ payable outstanding tells about the number of days a company takes to repay its’ creditors. In other words we can say that it shows relationship between accounts payable and cost of goods sold. Low number of days shows that a company is paying creditors quickly but higher the number of days shows that a company is not able to pay creditors quickly.

Requirement 1:

Days’ payable outstanding for the current year.

To determine

Concept introduction:

Days’ payable outstanding:

Days’ payable outstanding tells about the number of days a company takes to repay its’ creditors. In other words we can say that it shows relationship between accounts payable and cost of goods sold. Low number of days shows that a company is paying creditors quickly but higher the number of days shows that a company is not able to pay creditors quickly.

Requirement 2:

By how many days would days’ payable outstanding be reduced?

To determine

Concept introduction:

Days’ payable outstanding:

Days’ payable outstanding tells about the number of days a company takes to repay its’ creditors. In other words we can say that it shows relationship between accounts payable and cost of goods sold. Low number of days shows that a company is paying creditors quickly but higher the number of days shows that a company is not able to pay creditors quickly.

Requirement 3:

By how many days would days’ payable outstanding be increased?

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 5

Chapter C, Problem 13E

To determine

Concept introduction:

Days’ payable outstanding:

Days’ payable outstanding tells about the number of days a company takes to repay its’ creditors. In other words we can say that it shows relationship between accounts payable and cost of goods sold. Low number of days shows that a company is paying creditors quickly but higher the number of days shows that a company is not able to pay creditors quickly.

Requirement 1:

Days’ payable outstanding for the current year.

To determine

Concept introduction:

Days’ payable outstanding:

Days’ payable outstanding tells about the number of days a company takes to repay its’ creditors. In other words we can say that it shows relationship between accounts payable and cost of goods sold. Low number of days shows that a company is paying creditors quickly but higher the number of days shows that a company is not able to pay creditors quickly.

Requirement 2:

By how many days would days’ payable outstanding be reduced?

To determine

Concept introduction:

Days’ payable outstanding:

Days’ payable outstanding tells about the number of days a company takes to repay its’ creditors. In other words we can say that it shows relationship between accounts payable and cost of goods sold. Low number of days shows that a company is paying creditors quickly but higher the number of days shows that a company is not able to pay creditors quickly.

Requirement 3:

By how many days would days’ payable outstanding be increased?

Answer 6

Chapter C, Problem 13E

To determine

Concept introduction:

Days’ payable outstanding:

Days’ payable outstanding tells about the number of days a company takes to repay its’ creditors. In other words we can say that it shows relationship between accounts payable and cost of goods sold. Low number of days shows that a company is paying creditors quickly but higher the number of days shows that a company is not able to pay creditors quickly.

Requirement 1:

Days’ payable outstanding for the current year.

Answer 7

Chapter C, Problem 13E

To determine

Concept introduction:

Days’ payable outstanding:

Days’ payable outstanding tells about the number of days a company takes to repay its’ creditors. In other words we can say that it shows relationship between accounts payable and cost of goods sold. Low number of days shows that a company is paying creditors quickly but higher the number of days shows that a company is not able to pay creditors quickly.

Requirement 1:

Days’ payable outstanding for the current year.

Answer 8

To determine

Concept introduction:

Days’ payable outstanding:

Days’ payable outstanding tells about the number of days a company takes to repay its’ creditors. In other words we can say that it shows relationship between accounts payable and cost of goods sold. Low number of days shows that a company is paying creditors quickly but higher the number of days shows that a company is not able to pay creditors quickly.

Requirement 2:

By how many days would days’ payable outstanding be reduced?

Answer 9

To determine

Concept introduction:

Days’ payable outstanding:

Days’ payable outstanding tells about the number of days a company takes to repay its’ creditors. In other words we can say that it shows relationship between accounts payable and cost of goods sold. Low number of days shows that a company is paying creditors quickly but higher the number of days shows that a company is not able to pay creditors quickly.

Requirement 2:

By how many days would days’ payable outstanding be reduced?

Answer 10

To determine

Concept introduction:

Days’ payable outstanding:

Days’ payable outstanding tells about the number of days a company takes to repay its’ creditors. In other words we can say that it shows relationship between accounts payable and cost of goods sold. Low number of days shows that a company is paying creditors quickly but higher the number of days shows that a company is not able to pay creditors quickly.

Requirement 3:

By how many days would days’ payable outstanding be increased?

Answer 11

To determine

Concept introduction:

Days’ payable outstanding:

Days’ payable outstanding tells about the number of days a company takes to repay its’ creditors. In other words we can say that it shows relationship between accounts payable and cost of goods sold. Low number of days shows that a company is paying creditors quickly but higher the number of days shows that a company is not able to pay creditors quickly.

Requirement 3:

By how many days would days’ payable outstanding be increased?

Answer 12

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Answer 13

Expert Solution & Answer

Answer 14

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Answer 15

Ch. C - Prob. 1DQ Ch. C - How does push production differ from pull...Ch. C - Prob. 3DQ Ch. C - Prob. 4DQ Ch. C - Prob. 5DQ Ch. C - Prob. 6DQ Ch. C - Prob. 7DQ Ch. C - Prob. 8DQ Ch. C - Prob. 9DQ Ch. C - Prob. 10DQ

Solution Summary: The author explains that Days' payable outstanding tells about the number of days a company takes to repay its’ creditors.

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