10. Marca Leon is pl
Q: Reshier Company makes three types of rug shampooers. Model 1 is the basic model rented through…
A: 1. Model 1 Model 2 Model 3 Total Sales 245,000 550,000 619,500 1,414,500 Less: Variable…
Q: at amoun haron hop e Value o hution
A: 1) We are given, Annual contribution = $10,000 Year = 30 Rate = 7% Future value = ?
Q: Mission Hotel has an average of 80 customers per hours arrive the front desk waiting check-in. They…
A: Cost A cost refers to the money which needs to be paid for something. In other words, it is the…
Q: Prepare journal entries to record the following transactions for a retail store. The company uses a…
A: 1. Discount received for purchase made on April 2 Purchase = 4,100 Goods returned = 700 Net value…
Q: Himalaya Ltd.’s reporting period is from 1 January to 31 December. Year 2022: At the beginning of…
A: When you sell anything for cash, for example, you boost both the revenue and cash accounts.…
Q: 5. The Goldielocks company produces 3 products - Hot Product, Cold Product, Just Right Product. The…
A: The break even sales are the sales where business earns no profit no loss during the period.
Q: The condensed income statement for the Consumer Products Division of Tri-State Industries Inc. is as…
A:
Q: a. Water slide equipment could be purchased and installed at a cost of $345,000. Ac usable for 12…
A: Simple Rate Return = Net operating income / Initial investment net of salvage value of old equipment…
Q: 10) Counte Company's cash balance at the end of the month was $ 5,500. After comparing the company's…
A: Bank reconciliation statement is used to determine the differences between the bank statement…
Q: Numbers 22-24 (Purchase Commitment) During 2022, Tartarus Company signed a noncancellable contract…
A: The purchase of material is recorded at the cost. price may rise or fall accordingly the value of…
Q: 5) Pertinent accounts gathered from the records of Heart Company for the year 2021 are given below:…
A: An income statement is a financial report that indicates the revenue and expenses of a business. It…
Q: Goods in transit are included in a purchaser's inventory: Multiple Choice When the supplier is…
A: FOB destination sale: In FOB destination sale freight costs are paid by the seller and ownership is…
Q: citing atleast 10 different cases discuss the role of the Government of Kenya in promoting…
A: Entrepreneurship- Entrepreneurship is the act of starting a business and making money from it. An…
Q: value. T
A: 1. Memorandum method: Jan 5 Cash A/c Dr. 125,000…
Q: On January 1, 2022 Romano Company purchased a machine for $180,000. It is estimated that the machine…
A: Units of Activity Depreciation: Units of activity method of depreciation is a technique of…
Q: Oct. 02, 2022: Mr Alberto bought 10 units of computer at P30,000 each for the shop. The computers…
A: The journal keeps the record the transactions as debit one account and credit other. The…
Q: On January 1, 2018, Questor Airlines purchased å Used all residual value of $5,600,000. The company…
A:
Q: Under the two-variance method for analyzing factory overhead, the difference between the actual…
A: The question is related to Standard Costing and is related to two Varaince method.
Q: Explain when a full tax invoice and an abridged tax invoice is requir
A: A tax invoice is a statement issued for the delivery of taxable goods and services. A tax invoice…
Q: Alien is the cost supervisor at the production department for a bakery chain store called Lofa…
A: Activity based costing means where the product is valued on the basis of actual direct material ,…
Q: Mr. and Mrs. Revel had $206,200 AGI before considering capital gains and losses. Required: a. On May…
A: Note: “As the question has more than 3 sub-parts, the first 3 subparts are answered. If you want the…
Q: January 1, 2020 WI entered into a two year interest rate swap in with DI Corp. WI received 8% fixed…
A: Journal entry A journal entry is the method used to record all individual financial transactions…
Q: Which statement is true with respect to the tax treatment of a partnership __________? A…
A: Introduction A Partnership is an association between two or more people to trade or carryout…
Q: For the credit card account below, compute the average daily balance, the finance charge, and the…
A: Solution: Average Daily Balance Date Balance…
Q: Cushman Company had $816,000 in net sales, $357,000 in gross profit, and $204,000 in operating…
A: Cost of Goods Sold = Sales - Gross Profit
Q: Budgeting is the same across different organisations and industries, so organisational strategy,…
A: Budgeting are estimated standards set which acts like an yardstick for respective departments…
Q: Alexander Corporation reports the following components of stockholders' equity at December 31, 2018.…
A: Out of the profit earned by the business organizations, some of the profit is distributed to the…
Q: Responsibility, controllability, and stretch targets. Consider each of the following independent…
A: GIVEN Responsibility, controllability, and stretch targets. Consider each of the following…
Q: 48. Which of the following statements is incorrect about perpetual inventory system? a. Inventory…
A: Inventory is the current asset for the company that is reported under the head current asset in the…
Q: Ralston Consulting, Inc., has a $48,000 overdue debt with Supplier No. 1. The company is low on…
A: In the given case both alternatives will be compared and the alternative that involves lower present…
Q: Pedro, Evelyn, and Ingrid work for a federal agency. Their main responsibility is working together…
A: Forensic Accountants are Authorized individuals or bodies who investigates financial fraud or…
Q: dvise Michelle of the income tax consequences on receipt of $210,000 from Alex.
A: Annuity is simply the payments which are received by the person who has invested into it for a…
Q: The comparative statements of Coronado Company are presented here. Coronado Company Income…
A: The ratio analysis helps to analyse the financial statements of the business with various elements…
Q: 1. Prepare the necessary journal entries to correct the accounting records of Madison Company’s…
A: Introduction: A retained earnings statement is a financial statement that displays how a company's…
Q: Question Content Area Use the present value and future value tables to answer the following…
A: Answer:- A Present value is $1,643.79 or $1,644. Computation of present value:- PV = FV / (1+r)^n…
Q: Prepare journal entries to record each of the following transactions of a merchandising company. The…
A: Total purchase value on November 5 = 450 units ×$10 =$4500
Q: Prepare the Statement of Cash Flows for Smart Touch Learning for the month ended December 31, 2016…
A: The cash flow statement tells about the cash flow from various activities such as operating…
Q: A company makes pens. They sell each pen for $77. Their revenue is represented by R = 7 x. The cost…
A: Given :- R = 7 x. C = 3 x + 4500 X( in part a ) = 1000 pens…
Q: Cost Department Allocations In divisional income statements prepared for Demopolis Company, the…
A: Total Support department allocations=Payroll Department allocations+Purchasing Department…
Q: The ledger of Vaughn Lake Lumber Supply on July 31, 2022, includes the selected accounts below…
A: Depreciation- Depreciation refers to a accounting method used to allocate the cost of a touchable or…
Q: The federal funds rate set by the Fed is 4%, and inflation is 3%. The real interest rate that people…
A: As per IS-MP model, a MP curves has a positive relationship with the real interest rate and is also…
Q: ABC Company acquired all of XYZ Corporation's assets and liabilities on June 30, 20X1. XYZ reported…
A: An asset is an expense that will be helpful in future accounting periods. If an expenditure does not…
Q: Using the percentage method in Appendix C (or the IRS federal income tax assistant), calculate the…
A:
Q: Equipment was acquired at the beginning of the year at a cost of $76,560. The equipment was…
A: Depreciation: Depreciation means the reduction in the value of an asset over the life of the assets…
Q: The inventory turnover ratio: Multiple Choice Is used to measure solvency. Reveals how many days a…
A: Inventory turnover is a financial statistic that shows how many times a company's inventory is sold…
Q: Oct. 05, 2022: Some tables and chairs were purchased from Deluxe Furniture Co. for P10,000 to be…
A: Tables and chairs are fixed assets for the firm which will reflect in its balance sheet as…
Q: For the 2019 taxation year, Sylvia Ivany has net employment income of $90,000, spousal support…
A: The RRSP deduction limit is the amount that can be deposited as an RRSP contribution. This is…
Q: Estimated overhead to be $ 500000 , Direct labor hours are 50000 , Machine hours are to be 25000 ,…
A: Formula used: Predetermined overhead rate = Estimated overhead / Direct labor hours Division of…
Q: The following lots of Commodity Z were avcilable for sale during the year. Beginning inventory 10…
A: FIFO (First-in First Out): Under FIFO inventory accounting, units purchased are sold first. As the…
Q: Chloe Mendez owns a clothing company, Chloe's Closet. She has a team of tailors who work for 8 hours…
A: Determination of problems in Chloe's closet business. To ascertain the problem the financial…
Step by step
Solved in 3 steps
- A company plans to tighten its credit policy. The new policy will decrease the average number of days in collection from 75 to 50 days and will reduce the ratio of credit sales to total revenue from 70% - 60%. The company estimates that projected sales would be 5% less if the proposed new credit policy is implemented. If projected sales for the coming year are P50 million, calculate the estimated peso change in the firm's account receivable balance caused by this proposed change in credit policy. Assume a 365-day year. [Answer format: INCREASE 1234567]14. A company plans to tighten its credit policy. The new policy will decrease the average number of days in collection from 75 to 50 days and reduce the ratio of credit sales to total revenue from 70% to 60%. The company estimates that projected sales would be 5% less if the proposed new credit policy were implemented. The firm's short-term interest cost is 10%. Projected sales for the coming year are P100 million. Assume a 360-day year, the increase (decrease) on A/R of this proposed change in credit policy is A. PO B. (P5,000,000) c. (P6,666,6667) D. (P13,000,000)The Blue Company has under study a new credit policy that they believe will increase annual sales from P11 million to P14 million. However, the new plan is also expected to increase bad debt losses from P800,000 to P1.2 million each year. The average collection period on collectible sales is now averaging 90 days. This ratio will increase to 120 days for both old and new slaes if the new credit policy is adopted. The increase in sales is expected to increase the company's investment in inventory by P20,000. Assuming a pre-tax reuired rate of return of 25% and a variable cost-to-sales ration of 60%, should the Blue Company adopt the new credit policy? Assume a 360-day year.
- The Branson Corporation is considering a change in its cash - only policy. The new terms would be net one period. The required return is 2.0 percent per period. Current Policy New Policy Price per unit $ 50 $ 52 Cost per unit $ 30 $ 30 Unit sales per month 2,000? What is the break - even quantity for the new credit policy?Leftway Information Systems is considering a contract with the Ibernian government to supply consulting services over a five-year period. The following real Ibernian pound cash flows are expected: Cash Flows in Year 2010 Ibernian Pounds 1 800 000 550 000 First cost | Net revenue 2014 to 2018 Further information is in the table below: Expected Ibernian inflation rate 10% Value of Ibernian pound in 2013 ($) 1.25 Expected annual rate of decline in the value of the İbernian pound 5% Expected inflation rate in Leftway's country 2.50% Leftway's real MARR 15% a. What is the real Ibernian pound internal rate of return on this project? (Hint: Leftway's country can be ignored in answering this question.) b. What is the current pound internal rate of return? (Hint: Leftway's country can be ignored in answering this question.) Use the internal rate of return in dollars to decide if Leftway should accept the proposed c. contract.The Branson Corporation is considering a change in its cash-only policy. The new terms would be net one period. The required return is 2.5 percent per period. Price per unit Cost per unit Unit sales per month Current Policy $71 $37 3,050 New Policy $73 $37 ? What is the break-even quantity for the new credit policy? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Answer is complete but not entirely correct. Break-even quantity 3,200.00
- The Branson Corporation is considering a change in its cash-only policy. The new terms would be net one period. The required return is 2.5 percent per period. Current Policy New Policy Price per unit $ 85 $ 87 Cost per unit $ 45 $ 45 Unit sales per month 4,250 ? What is the break-even quantity for the new credit policy? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)The Branson Corporation is considering a change in its cash-only policy. The new terms would be net one period. The required return is 2 percent per period. Price per unit Cost per unit Current New Policy Policy $ 86 $ 88 $46 $46 Unit sales per month 4,400 ? What is the break-even quantity for the new credit policy? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Answer is complete but not entirely correct. Break-even quantity 4,397.63xThe Branson Corporation is considering a change in its cash-only policy. The new terms would be net one period. The required return is 1.5 percent per period. Price per unit Cost per unit Unit sales per month Current Policy $59 $33 2,450 NPV New Policy $61 $33 2,575 Calculate the NPV of the decision to change credit policies. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
- The Omani trade company manager put a plan to increase the days' sales outstanding in (2021) by (17%) out of the year (2020). Suppose the other things are unchanged; how much will this plan add an amount to the accounts receivable? If you know, account receivable, and sales were (150, 2000) thousand RO in 2020, respectively.The Berry Corporation is considering a change in its cash-only policy. The new terms would be net one period. The required return is 1.6% per period. Based on the following information, what is the break-even price per unit that should be charged under the new credit policy? Assume that the sales figure under the new policy is 2,900 units and all other values remain the same. (Round the final answer to 2 decimal places. Omit $ sign in your response.) Price per unit Cost per unit Unit sales per month Current Palicy New Policy $ 67 S 35 2, 900 65 $ 35 2, 750 Break-even priceAxis Wells and Excavation (AWE) currently generates $110,000 in annual credit sales. AWE sells on terms of net 50, and its accounts receivable balance averages $11,000. AWE is considering a new credit policy with terms of net 25. Under the new policy, sales will decrease to $104,000, and accounts receivable will average $13,000. Compute the days sales outstanding (DSO) under the existing policy and the proposed policy. Assume there are 360 days in a year. Round your answers to the nearest whole number. DSO Existing: days DSO New: days