Find accounts receivable balance if annual sales are given
DAY SALESOUTSTANDING Baker Brothers has a DSO of 40 days, and itsannual sales are $7,300,000. What is its accounts receivable balance? Assume that it uses a 365-day year.
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Sabas Company has $30,000 shares of 1% preferredstock of $100 par and 100,000 shares of $50 par common stock. The following amounts were distributed as dividends.
Triumph Company has total assets worth $6,413,228. Next year it expects a net income of $3,145,778 and will pay out 70 percent as dividends. If the firm wants to limit its external financing to $1 million, what is the growth rate it can support?
Compute the present value of the tax shield from depreciation assuming straight-line depreciation ($127,000 per year). (Round present value factor for each year to three decimal places and other computations to nearest whole dollar value.)
The dates of importance in connection with a cash dividend of $65,000 on a corporations common stock are january 15, february 15, and march 15. journalize the entries required on each date?
Baker Brothers has a DSO of 40 days, and its annual sales are $7,300,000. What is its accounts receivable balance? Assume that it uses a 365-day year.
A corporation purchased for cash 5,000 shares of its own $10 par common stock at $34.00 a share. In the following year, it sold 2,000 of the treasury shares at $38 a share for each.
If sold now, the current copier would have a salvage value of $1,000. If operated for the remainder of its useful life, the current machine would have zero salvage value. The new machine is expected to have zero salvage value after five years.
A company purchased land for its natural resources at a cost of $1,570,000. It expects to mine 2,175,000 tons of ore from this land.The residual value of the land is estimated to be $355,000. What is the amount of depletion per ton of ore?
Under both U.S GAAP and IFRS, which one of the following items is reported separately in the income statement, net of tax?no words limits.
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