Answer:
The days' sales in receivables are 78 days.
Explanation:
Days Sales Receivable is also know as Days receivables. It is an method of estimation of a company for the receivables value. it measure the numbers of days at average account receivable take after sales to convert into cash.
Formula for Days Sales Receivable is as follow
Days Sales Receivable = (Average Account receivable / Credit Sales) x 365
Average Account receivable = (Beginning account receivable + Ending account receivables) / 2
Average Account receivable = ($22,000 + $18,000) / 2 = $20,000
net Credit sales = $94,000
Placing Value in the formula
Days Sales Receivable = ($20,000 / $94,000) x 365 = 77.66 days
Answer:
B. Creditors would gain at the expense of debtors.
Answer:
amount of net assets with donor restrictions is $66240
correct option is B $66,240
Explanation:
given data
received = $20000
paid = $20000
interest rate = 8%
interest = 3.312
to find out
What amount of net assets with donor restrictions is reported
solution
we know here contributions received are accounted for at fair value
and fair value is $20000
so present value of the payments = $20000 × 3.312
present value of the payments = $66240
and here Unconditional promises for give cash amounts in the future
ans reported as donor-restricted support,
unless donor clearly intended support to current activities
so amount of net assets with donor restrictions is $66240
and amount $20000 receive on 1st January
increases net assets without donor restrictions
Answer:
c. $13.20
Explanation:
Estimated factory overhead costs = $198,000
Estimated direct labor hours = 15,000 hours
Predetermined Overhead rate = Estimated factory overhead costs / Estimated direct labor hours
Predetermined Overhead rate = $198,000 / 15000 hours
Predetermined Overhead rate = $13.2 per labor hour
So, the correct option is c. $13.20
Answer:
$168 million
Explanation:
Additional Paid-in-Capital is the amount of capital received on the issuance of stock over its par value. Additional paid-in-capital is normally received against the issuance of common shares, preferred share and treasury share.
In this question Company made the following transaction.
January 1, 2021
As we Know Par value of the share is $1 any amount excess of this value will be added in additional paid-in-capital account.
Additional Paid-in-Capital = 10 million x ( $17 - $1 ) = $160 million
December 28, 2021
Additional Paid-in-Capital = 4 million x ($22-$20) = $8 million
Total Additional Paid-in-Capital = $160 million + $8 million = $168 million