Homework Answers
(Accounts receivable ÷ Annual revenue) x Number of days in the year = Accounts receivable days
(9458757.22/60367467.58)X 365=57.19 days
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Calculate the Days in Accounts Receivables based on the following financial information: Revenue $60,367,467.58 Cash &...
i need help plz. Calculate the Net Revenue Requirement based on the following financial information: Minimum...
i need help plz.
Calculate the Net Revenue Requirement based on the following financial information: Minimum Profit Goal: $201,467 last 3-year average revenue $6.044,485.14 last 3-year average direct costs $5,313,986.22 last 3-year year average variable overhead $307,301.46 fixed costs: to be determined Last 3-year average profit margin $240.396.82 Note, I've provided last year's financial data so you can establish what your fixed costs have historically been. Use the Minimum Profit Goal to calculate the net revenue requirement. Calculate the Days...
30. The following information is extracted from the financial statements of Osila Fashion House; Revenue for...
30. The following information is extracted from the financial statements of Osila Fashion House; Revenue for the period £1,200,000 Cash received from customers 1,303,000 Cash paid to supplies 558,000 Wages paid 200,000 Accounts receivables 512,000 Cost of materials sold in the period 540,000 Accounts payables 111,000 Depreciation expense 31,000 Which of the following represents the net cash provided by operating activities under the direct method of presenting statement of cash flows? a £514,000 b. £618,000 C. £475,000 d. £545,000
Calculate the Collection Period Variance. This is not in your slides. Remember the CPV is the...
Calculate the Collection Period Variance. This is not in your slides. Remember the CPV is the difference between DAP and DAR. Cash & Securities $18.261.546.63 Revenue $60,025.769.22 Accounts Receivables $9,385.056.88 Direct Costs $54.209.800.44 Accounts Payables $5.191.671.09
Calculate the Net Revenue Requirement based on the following financial information: Minimum Profit Goal: $225,981 last...
Calculate the Net Revenue Requirement based on the following financial information: Minimum Profit Goal: $225,981 last 3-year average revenue $6,068,839.49 last 3-year average direct costs $5,377,508.12 last 3-year year average variable overhead $300,161.51 fixed costs: to be determined Last 3-year average profit margin $203,820.91 Note, I've provided last year's financial data so you can establish what your fixed costs have historically been. Use the Minimum Profit Goal to calculate the net revenue requirement.
40. Cash are $1,561, marketable securities are $1,052, accounts receivables are $3,616, accounts payables are $5,173,...
40. Cash are $1,561, marketable securities are $1,052, accounts receivables are $3,616, accounts payables are $5,173, notes payables are $288, inventories are $1,816, other current liabilities are $1,401 and other current assets are $707. What is the amount of total current liabilities as shown on a balance sheet? a. $8,752 b. $7,876 C. $6,862 d. $5,987 e None the above
5 The following ratios are available from the accounts of Pop Co Receivables payment period Finished...
5 The following ratios are available from the accounts of Pop Co Receivables payment period Finished goods inventory turnover period Raw materials inventory turnover period Payables payment period 24 days 23 days 3 days 28 days Calculate the length of Pop Co's cash cycle. A B C 6 days 26 days 32 days 88 days D The following ratios are available for Loopy Co. Inventory turnover period Payables payment period Receivables collection period 170 days 35 days 22 days Calculate...
The financial information below presents selected information from the financial statements of Pelican Company. Sales revenue...
The financial information below presents selected information from the financial statements of Pelican Company. Sales revenue during the current year was $13,300,300 and cost of goods sold was $8,915,195. All of Pelican's sales are made on account and are due within 30 days. Current Year Prior Year Cash and cash equivalents 639,780 572,330 Accounts receivable 4,750,000 3,820,000 940,360 1,283,440 8,180,100 11,000,000 6,176,000 8,280,700 Inventory Total current assets 8,200,030 11,120,020 7,900,300 8,469,900 Total assets Total current liabilities Total liabilities Calculate the...
Refer to the following financial information for The Gaming Company: Income Statement Information in thousands) Sales*...
Refer to the following financial information for The Gaming Company: Income Statement Information in thousands) Sales* $ 10,000 Cost of Goods Sold S $ 6,750 Net Income $3,250 Balance Sheet Information in thousands) Cash and marketable securities $ 2.250 Accounts Receivable $ 4,000 Inventory = $ 2,750 Fixed Assets $ 15,000 Accounts Payable $ 3,500 Long-term Debt = $5,000 Common Equity = $6,500 *all sales and purchases made on credit. The following is a three-part question. Please be sure you...
The following ratios are available from the accounts of Pop Co Receivables payment period Finished goods...
The following ratios are available from the accounts of Pop Co Receivables payment period Finished goods inventory turnover period Raw materials inventory turnover period Payables payment period 24 days 23 days 3 days 28 days Calculate the length of Pop Co's cash cycle. 6 days 26 days C 32 days 88 days
Days in the Operating Cycle equals: Days in Inventory - Days in Receivables + Days in...
Days in the Operating Cycle equals: Days in Inventory - Days in Receivables + Days in Payables Days in Inventory + Days in Receivables – Days in Payables Days in Inventory + Days in Receivables + Days in Payables Days in Inventory - Days in Receivables – Days in Payables The ending Retained Earnings balance of ABC increased by $1.5 million from the beginning of the year. The company's net income earned during the year is $3.5 million. What is...
i need help plz.
Calculate the Net Revenue Requirement based on the following financial information: Minimum Profit Goal: $201,467 last 3-year average revenue $6.044,485.14 last 3-year average direct costs $5,313,986.22 last 3-year year average variable overhead $307,301.46 fixed costs: to be determined Last 3-year average profit margin $240.396.82 Note, I've provided last year's financial data so you can establish what your fixed costs have historically been. Use the Minimum Profit Goal to calculate the net revenue requirement. Calculate the Days...
30. The following information is extracted from the financial statements of Osila Fashion House; Revenue for the period £1,200,000 Cash received from customers 1,303,000 Cash paid to supplies 558,000 Wages paid 200,000 Accounts receivables 512,000 Cost of materials sold in the period 540,000 Accounts payables 111,000 Depreciation expense 31,000 Which of the following represents the net cash provided by operating activities under the direct method of presenting statement of cash flows? a £514,000 b. £618,000 C. £475,000 d. £545,000
Calculate the Collection Period Variance. This is not in your slides. Remember the CPV is the difference between DAP and DAR. Cash & Securities $18.261.546.63 Revenue $60,025.769.22 Accounts Receivables $9,385.056.88 Direct Costs $54.209.800.44 Accounts Payables $5.191.671.09
Calculate the Net Revenue Requirement based on the following financial information: Minimum Profit Goal: $225,981 last 3-year average revenue $6,068,839.49 last 3-year average direct costs $5,377,508.12 last 3-year year average variable overhead $300,161.51 fixed costs: to be determined Last 3-year average profit margin $203,820.91 Note, I've provided last year's financial data so you can establish what your fixed costs have historically been. Use the Minimum Profit Goal to calculate the net revenue requirement.
40. Cash are $1,561, marketable securities are $1,052, accounts receivables are $3,616, accounts payables are $5,173, notes payables are $288, inventories are $1,816, other current liabilities are $1,401 and other current assets are $707. What is the amount of total current liabilities as shown on a balance sheet? a. $8,752 b. $7,876 C. $6,862 d. $5,987 e None the above
5 The following ratios are available from the accounts of Pop Co Receivables payment period Finished goods inventory turnover period Raw materials inventory turnover period Payables payment period 24 days 23 days 3 days 28 days Calculate the length of Pop Co's cash cycle. A B C 6 days 26 days 32 days 88 days D The following ratios are available for Loopy Co. Inventory turnover period Payables payment period Receivables collection period 170 days 35 days 22 days Calculate...
The financial information below presents selected information from the financial statements of Pelican Company. Sales revenue during the current year was $13,300,300 and cost of goods sold was $8,915,195. All of Pelican's sales are made on account and are due within 30 days. Current Year Prior Year Cash and cash equivalents 639,780 572,330 Accounts receivable 4,750,000 3,820,000 940,360 1,283,440 8,180,100 11,000,000 6,176,000 8,280,700 Inventory Total current assets 8,200,030 11,120,020 7,900,300 8,469,900 Total assets Total current liabilities Total liabilities Calculate the...
Refer to the following financial information for The Gaming Company: Income Statement Information in thousands) Sales* $ 10,000 Cost of Goods Sold S $ 6,750 Net Income $3,250 Balance Sheet Information in thousands) Cash and marketable securities $ 2.250 Accounts Receivable $ 4,000 Inventory = $ 2,750 Fixed Assets $ 15,000 Accounts Payable $ 3,500 Long-term Debt = $5,000 Common Equity = $6,500 *all sales and purchases made on credit. The following is a three-part question. Please be sure you...
The following ratios are available from the accounts of Pop Co Receivables payment period Finished goods inventory turnover period Raw materials inventory turnover period Payables payment period 24 days 23 days 3 days 28 days Calculate the length of Pop Co's cash cycle. 6 days 26 days C 32 days 88 days
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