Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Universal Exports Inc. has a very attractive credit policy, and none of its customers pay in cash when the firm makes a sale.
Universal Exports Inc. sells to its customers on credit terms of 1/10, net 30.
1) If a customer bought $175,000 worth of goods and paid the firm in cash eight days after a sale, how much cash would Universal Exports Inc. get from the customer?
a. $183,750
b. $175,000
c. $273,250
d. $153,125
2. If the customer paid off the account after 15 days, Universal Exports Inc. would recieve_________.
a. $175,000
b. $140,000
c. $153,125
d. $ 183,7503. Approximately 20% of Universal Exports Inc.'s customers take advatange of the discount and pay on the 10th day. The remaining 80% take an average of 35 days to pay off their accounts. What is Universal Exports Inc.'s days sales outstanding (DSO) or the average collection period?
a. 27.0 days
b. 31.5 days
c. 30.0 days
d. 33.0 days
What amount of the refund, if any, should Grace include in her gross income if last year her total itemized deductions exceeded the standard deduction by $350?
blackburn medical supply has unearned revenue of 11000 salaries payable of 11000 and allowances for uncollectible
Accounting basics Multiple choice questions. Make your selection by recording the letter in the answer box provided.
What is the probability the person is 20 to 24 years old? What is the probability the person is 20 to 34 years old?
Describe in your own words, the percentage of total water on earth that is freshwater and identify the compartments where it's located?
company has the choice of either selling 1000 defective units as scrap or rebuilding them. the company could sell the
The manufacturing operations of REason,inc had the following balances for the month of January: Compute the cost of goods sold.
Sears issues bonds with a par value of $138,000 on January 1, 2009. The bond' annual contract rate is 8%, and interest is paid semiannually on June 30 and December 31. The bonds mature in three years. The annual market rate at the date of issuance..
As a result, they estimate that gross profit will increase by $43,208 and operating expenses by $71,922. Compute the expected new net income.
The availability of funds effects the capital budgeting decisions. The amount of funds available for capital expenditures will be either limited or unlimited.
(a) Nair is only able to estimate whether the building can be completed by August 1, 2015, or not (Nair estimates that there is a 70% chance that the building will be completed by August 1, 2015), and (b) Nair has limited information with which to..
George Clausen (age 48) is employed by Kline Company and is paid a salary of $42,640. He has just decided to join the company's Simple Retirement Account (IRA form) and has a few questions.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd