What were phillips companys total sales for the year, Accounting Basics

+44 141 628 6080
[email protected]

What were phillips companys total sales for the year

Phillips Company's accounts receivable were $250,000 at the beginning of the year and $300,000 at the end of the year. Cash sales for the year were $425,000. The accounts receivable turnover was 8 times. What were Phillips Company's total sales for the year?

Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: What were phillips companys total sales for the year

Reference No:- TGS0706131

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Accounting Basics

Q : What must behen corporation''s inventory be

Behen Corporation has an acid-test ratio of 1.0 to 1 and a current ratio of 2.0 to 1. If current assets equal $120,000, of which $5,000 is prepaid expenses, what must Behen Corporation's inventory be?

Q : Farmers state bank

On May 31, 2010, James Logan Company had a cash balance per books of $6,781.50. The bank statement from Farmers State Bank on that date showed a balance of $6,404.60.

Q : What is the company''s days sales in inventory

How Bout Now, a clothing retailer, had cost of goods sold of $525,000 last year. The beginning inventory balance was $32,500 and the ending inventory balance was $35,000. What is the company's Days' Sales in Inventory?

Q : What is the total direct labor cost

The total direct labor hour variance for Curb Corp is $7,500 F. The direct labor efficiency variance is $2,700 U. If the total direct labor cost is $25,000 and the actual direct labor rate is $40, what is the standard rate?

Q : What were phillips companys total sales for the year

Phillips Company's accounts receivable were $250,000 at the beginning of the year and $300,000 at the end of the year. Cash sales for the year were $425,000.

Q : How many ticket packages will george need to sell

George plans to sell his customers a special for a ski package weekend. He is able to purchase the package from the providers for $175 each.

Q : Explain how they protect the businesses that used

Think about the personal financial transactions that you have engaged in during the course of the last week. Describe five examples of internal control procedures that you personally encountered, and explain how they protect the businesses that u

Q : Explain the basis of direct labor hours

Lemmiwinks Industries has a standard cost system in which it applied overhead on the basis of direct labor hours. It expected to have 40,000 direct labor hours for the year (denominator hours).

Q : Compute amount of cash and cash equivalents to be reported

Weinstein has purchased $2,100,000 of commercial paper of Sergio Leone Co. which is due in 60 days. Currency and coin on hand amounted to $7,700.

1931353

Questions
Asked

3,689

Active Tutors

1417134

Questions
Answered

Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!

ask Question

Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: What were phillips companys total sales for the year

Reference No:- TGS0706131

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : What must behen corporation''s inventory be

Q : Farmers state bank

Q : What is the company''s days sales in inventory

Q : What is the total direct labor cost

Q : What were phillips companys total sales for the year

Q : How many ticket packages will george need to sell

Q : Explain how they protect the businesses that used

Q : Explain the basis of direct labor hours

Q : Compute amount of cash and cash equivalents to be reported

What is a behavioral indicator related to family

Outline a social issue that is important to you

Discuss three ethical guidelines that are important

Discuss children diagnosed with developmental disabilities

Identify a true statement about validity

Identify a specific theory of cognitive or moral development

Identify one antecedent, one behaviour, and one consequence

Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: What were phillips companys total sales for the year

Reference No:- TGS0706131

Recent Questions Asked Accounting Basics

Q : What must behen corporation''s inventory be

Q : Farmers state bank

Q : What is the company''s days sales in inventory

Q : What is the total direct labor cost

Q : What were phillips companys total sales for the year

Q : How many ticket packages will george need to sell

Q : Explain how they protect the businesses that used

Q : Explain the basis of direct labor hours

Q : Compute amount of cash and cash equivalents to be reported

Asked Questions