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If accounts receivables turnover ratio for the year 2012 was 5 times,
Part A) what will be the average collection period?
Part B) Assuming the same turnover ratio, what will be the value of opening accounts receivables if value of credit sales for the year 2012 was $ 175000 and closing accounts receivables was $ 40000? (Assume 365 days in a year)?
Part C) assuming the figure of opening A/R in part B, what will be the accounts receivables turnover ratio if the value of credit sales for the year 2012 was $ 115000?
A calendar year corporation in its first year of operations reports earnings and profits of $50,000. In December of that year, it distributes land worth $40,000 to one of its shareholders. The corporation's basis in the land was $35,000, and the l..
feb. 10 office equipment costing 26000 was given to a scrap dealer at no charge. at the date of disposal accumulated
During the month, merchandise is sold for $23,500 cash and for $34,000 on account. The cost of merchandise sold is $41,500. What is the amount of gross profit?
compute the inventory turnover ratio for the last two years for ford motor company. this may require you to look up the
does a state have the authority to require a u.s.-based multinational corporation to compute its state taxable income
Kelly Herron has agreed to invest $200,000 into an LLC with Michelle Moss and Dan Kim. Moss and Kim will not invest any money, but will provide effort and expertise to the LLC.
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truman industries is considering an expansion. the necessary equipment would be purchased for 18 million and the
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