Answer:
The 50.30 days are required to take its credit customers to pay for their purchases.
Explanation:
For computing the average collection period, we have to use the formula of the average collection period.
Average collection period = Average accounts receivable ÷ Credit sales × total number of days in a year
= $107,900 ÷ $783,000 × 365
= 0.13780 × 365
= 50.30 days
We assume 365 days in a year
The cost of goods sold is irrelevant. Thus, it is not considered in the computation part.
Hence, 50.30 days are required to take its credit customers to pay for their purchases.
Answer:
<u>Cost Of Goods Manufactured $ 133,000</u>
Explanation:
Peterson Company
Schedule for the cost of goods manufactured
For 2017
Direct Materials (opening Inventory) 21,000
Add Purchases 74,000
<u>Less Ending Inventory (23000)</u>
Materials available for Use 72,000
Add Direct Labor 22,000
Factory Overhead
Indirect Manufacturing Labor 17,000
Plant Insurance 7,000
Depreciation 11,000
<u>Repairs 3000 38,000</u>
132,000
Add Opening WIP 26,000
<u>Less Closing WIP 25,000</u>
<u>Cost Of Goods Manufactured $ 133,000</u>
Answer:
Wants is less important because you don't need it/them to survive, you can live with only your needs, you should only get your wants only if you can afford it and still have enough money for needs.
Explanation:
I don't know if that made sense lol
Answer
1) Issued for Cash
Weighted Average number of shares at year end 330,000
b) Issued for Dividends
weighted Average number is 320,000
Explanation:
The Weighted average number (assuming year end is 31 December)
300000 * 12/12 = 300000 full year
30000 = 30000
issued for dividends
Weighted average number
300000 * 12/12 = 300000 full year
30000 * 8/12 = 20000
total at year end 320000 shares
