Furniture “R” Us (Furniture) Inc., located in Calgary, Alberta, sells office furniture to local businesses in Alberta. Furniture’

Dexter, Incorporated, had a cost of goods sold of $43,921. At the end of the year, the accounts payable balance was $7,943. How long on average did it take the company to pay off its suppliers during the year? (Use 365 days a year. Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Days' sales in payables 66.00 days

None

omework (required) Anderson Corporation has found that 80% of its sales in any given month are credit sales, while the remainder are cash sales. Of the credit sales, Anderson Corporation has experienced the following collection pattern: 25% received in the month of the sale 50% received in the month after the sale 18% received two months after the sale 7% of the credit sales are never received Cash sales Collections on credit sales: 25% Month of sale 50% Month after 18% Two months after Total cash collections Anderson Corporation Cash Collections Budget For the Months of January through March January February $ $ 33,000 Part 2 of 4 33,000 50,000 12,960 128,960 Points: 0.2 of 2 January sales.. February sales March sales. November sales for last year were $90,000, while December sales were $125,000. Projected sales for the next three months are as follows: Save $ 165,000 $ 130,000 $ 200,000 Requirement Prepare a cash collections budget for the first quarter, with a column for each month…

An income statement for Sam's Bookstore for the first quarter of the year is presented below:   Sam's Bookstore Income Statement For Quarter Ended March 31 Sales     $ 840,000 Cost of goods sold       545,000 Gross margin       295,000 Selling and administrative expenses         Selling $ 116,000     Administration   136,000   252,000 Net operating income     $ 43,000     On average, a book sells for $60. Variable selling expenses are $4 per book with the remaining selling expenses being fixed. The variable administrative expenses are 3% of sales with the remainder being fixed.   The contribution margin for Sam's Bookstore for the first quarter is: Multiple Choice $239,000 $758,800 $213,800 $626,200

4. Pedro, single, is a minimum wage earner, in addition to his basic minimum wage of P180 000 for the year 2021, he also received the following benefits: De minimis, P140 000 excluding Productivity Incentive Pay (P80 000 over the ceiling) Productivity incentive pay as provided in the CBA, P28 000 13th month pay and other benefits, Pl12 000 How much is the income tax due of Pedro?

Help my question

At December 31, 20X0, Oettinger Corporation, a premium kitchen cabinetmaker for the home remodeling industry, reported the following accounts receivable information on its year-end balance sheet: Gross accounts receivable $850,000 Less: Allowance for credit losses (25,000) Accounts receivable (net) $825,000 During 20X1, the company had credit sales of $8,200,000 of which it collected $7,975,000. Oettinger employs the sales revenue approach to estimate its bad debt provisions and, continuing to use the same 1% used in previous years, made the normal adjustment at the end of 20X1. Although 20X1 started off well, the industry experienced a slowdown in the last four months of the year, and cash collections consequently dropped off substantially. Moreover, a major customer, which owed Oettinger $85,000, unexpectedly filed for bankruptcy and went out of business during November, at which time its account was written off. Oettinger's controller is concerned that some customers are…

Subject: acounting