What is the average amount of receivables?

Q: At the beginning of current year, Cash Company reported the following shareholders' equity: Share ca...

A: Share dividend does not include any cash outflow it is only a capitalization of retained earnings, t...

Q: If a revaluation of the subsidiary’s assets is performed on consolidation, the subsidiary’s assets a...

A: The subsidiary company is the company acquired by the holding or parent company with purchase of mor...

Q: Intra group Transactions  Kent Ltd owns all the share capital of Lodh Ltd. That is, Lodh Ltd is a w...

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Q: Maplewood Supply received a $5,310 invoice dated April 15, 2015. The $5,310 included $310 freight. T...

A: Inventory - An Inventory denotes the current asset of the company that is controlled and managed by ...

Q: At the beginning of current year, Cash Company reported the following shareholders' equity: Share ca...

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Q: What Is Forensic Accounting?

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Q: Cash/Bank 146,654 Supplies 19,540 Discount Allowed 6,140 Auto Care - A/R 20,200...

A: 1. Income Statement 2. Balance Sheet   The first statement shows the income earned and loss incurred...

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A: As per our protocol we provide solution to the one question only but as you have asked two multiple ...

Q: petitor. If correct, this may have disclosure implications. Management advises you that although the...

A: (a) The auditors prepare a management representation letter, which is signed by the business's senio...

Q: On 1 July 2020, B Ltd acquired all the assets and liabilities of P Ltd. In exchange for these assets...

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A: The overhead applied would increase work in process and decrease overhead account balance. The selli...

Q: What amount should be reported as total shareholder's equity on december 31, 2020?

A: The shareholders' equity section represents the total equity that belongs to the shareholders of the...

Q: What amount was reported as net income for the current year? A. 6,200,000 B. 9,700,000 C. 8,200,000...

A: Accounting equation of the business says that, total assets in the business, must be equal to total ...

Q: Company was organized on January 1, 2019. On that date, it issued 200,000 ordinary shares of P10 par...

A: Stockholders' equity: Stockholders' equity means the net assets available to shareholders after dedu...

Q: "As of today, Americans live on average 20 more years after retiring, which calls for well-designed ...

A: Answer) The engineer has just invested $ 10,000 and will be investing $ 10,000 each year for next 15...

Q: Saddleback Company paid off $36,000 of its accounts payable in cash. What would be the effects of th...

A: Payment to accounts payable = $36000

Q: National Co. has a total annual cash requirement of P9,030,000 which are to be paid uniformly. Natio...

A: The question is related to Baumol Cash model. The optimum cosh conversion size is calculated with th...

Q: Kent Ltd owns all the share capital of Lodh Ltd. That is, Lodh Ltd is a wholly own subsidiary of Ken...

A: Business combination is an arrangement in which one entity purchases the major stocks in another ent...

Q: A businessman borrowed P220,000 with interest at the rate of 4.2% compounded semi-annually. He agree...

A: The future value of money is the amount of money that will be worth at some point in the future if i...

Q: Which is not a forensic-type certificate?   A. FASNA.   B. CFE.   C. CRFAC.   D.    MAFF.

A: Forensic type certificates are the courses which allows someone to become forensic accountant. There...

Q: ENOLA HOLMES Company provided the following information at year end: Share premium Accounts payable ...

A: Shareholders Equity: It is important to understand that shareholders' equity (also known as corporat...

Q: MOWGLI Company provided the following information for the year ended December 31, 2021. Contribution...

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Q: A company had revenues of $63,000 and expenses of $47,750 for the accounting period. Dividends of $6...

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Q: Please help me

A: In this Question, we have to calculate whether the company should continue/Discontinue the consumer ...

Q: PROBLEM. Please show your computations to receive full credit. Mariposa Manufacturing builds custom ...

A: Hi student Since there are multiple subparts, we will answer only first three subparts. 

Q: Frame company has an 8% note receivable dated June 30, 2021, in the original amount of P1,500,000. P...

A: Original Amount of Note receivable = 1500000 Yearly principal payment = 500000 Interest rate = 8% Th...

Q: Part 3: Kirsh, Inc. Below is information re: Kirsh, Inc.'s inventory accounts. Please complete the m...

A:       Sales 1500 Less: gross profit (10%) (150) Cost of units sold during the year (Q 19) 1...

Q: Samra Ltd has 2 000 000 ordinary shares on issue at the beginning of the year, 1 July 2014. These sh...

A:   1. Weighted-average number of shares calculated in accordance with AASB 133   Period Shares Wei...

Q: Problem 3-13 (Algo) Schedules of Cost of Goods Manufactured and Cost of Goods Sold; Income Statement...

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Q: SAS No. 99 (now PCAOB AS 2401) states that the auditor has the responsibility to plan and perform th...

A: Professional skepticism is the attitude of critically identifying and assessing the audit evidence

Q: he company purchased a portable building with $55,000 cash and moved it onto the land acquired o he ...

A: Income Statement - This statement shows the income earned and loss incurred by the organization in t...

Q: What is the amount of petty cash shortage?

A: Since you have asked two questions under a single question but as per our protocol we provide soluti...

Q: Shoosta Ltd produces two different products with the following monthly data:  A1 A2 Total Selling ...

A: Breakeven Points - The breakeven point (break-even price) for a deal or investment is resolute by co...

Q: Galway Plc manufactures and sells a single product. The following budgeted/ actual information is pr...

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Q: a. On May 15, DeShawn Tyler opens a landscaping company called Elegant Lawns by investing $78,000 in...

A: Accounting equation is also called balance sheet equation in which assets are equal to liabilities p...

Q: MOWGLI Company provided the following information for the year ended December 31, 2021. Contribution...

A: Net Income: Net income is the amount generated by a person or company after deducting all expenditur...

Q: A company pays its employees $3,700 each Friday, which amounts to $740 per day for the five-day work...

A: Salaries earned but unpaid = Number of working days worked * Rate per day Rate / amount per day = $ ...

Q: Tim’s Tailor Shoppe has the following coverages:   CGL - $500,000   Excess Policy $2,000,000, AB...

A: Ans D)  d) $500,000 CGL and $250,000 Excess As mentioned in the question, there is an excess policy ...

Q: The share capital of a company may consist of:   Select one: a. Secured and unsecured notes issued b...

A: The cash a corporation generates by issuing ordinary or preference shares is known to as share capit...

Q: PLEASE I NEED FROM THE COGM SCHEDULE: BEGGINING WORK IN PROCESS INVENTORY TOTAL MANUFACTURING COST...

A: The cost of goods sold is calculated as difference between cost of goods available for sale and endi...

Q: item below that would cause the trial balance to not balance? ple Cholce ) A $1,260 collection of an...

A: Trial Balance is a summarizing statement in which balances of all ledger accounts are summarized. In...

Q: MOWGLI Company provided the following information for the year ended December 31, 2021. Contribution...

A: Unappreciated Retained Earnings: A business's retained earnings are those earnings that have not bee...

Q: What is the maturity value of the loan if the proceeds is P22,000 at the rate of 10% for 10 months?

A: Maturity value of the loan = Proceeds from loan + Interest accrued on loan for 10 months Proceeds fr...

Q: *The sinking fund factor is the reciprocal of the uniform-series compound amount factor. True False

A: The sinking fund factor is the reciprocal of the uniform-series compound annual factor. Uniform-seri...

Q: On December 1, 2021 Cardinal Company, a garden retailer, purchased $20,000 of corn seed, terms 2/10,...

A: Solution In the given case ,C company has a chance to get 2 % discount if payment made with in 10 da...

Q: Identify which error will cause the trial balance to be out of balance.

A: Answer - A $340 cash receipt from a customer in payment of her account posted as a $340 debit to Cas...

Q: Year 12 (in 000s) Income Statement Data Net Revenues from Footwear Sales Cost of Pairs Sold Warehous...

A: Formula. Operating Profit Margin =Operating Profit Margin/Net Revenue x 100   Formula: EPS = Net Pro...

Q: What total amount was paid for expenses during the current year? a. 2,550,000 b. 2,850,000 c. 2,700...

A: To calculate expense paid for the current year, we need to adjust opening and closing balances of pr...

Q: Marilyn Terrill is the senior auditor for the audit of Uden Supply Company for the year ended Decemb...

A: An income statement is a financial report that indicates the revenue and expenses of a business. It ...

Q: National Co. has an inventory conversion period of 65 days, a receivables conversion period of 42 da...

A: Cash conversion cycle = Inventory conversion period + Receivables conversion period - Payment cycle ...

Loanable Funds Theory

The loanable funds theory is a neoclassical theory that determines the interest rate where the demand for loanable investments and supply of loanable funds intersect. To determine the interest rate, this theory employs linear regression and a demand curve. At the equilibrium point, demand for borrowings and demand for the issuance of borrowing funds are inextricably linked. This point of equilibrium should equalize demand and the supply of money available for borrowing.