Hello, do you know how to do accounting?

Answers:0   |   LastUpdateAt:2012-09-01 05:50:04  

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tayler
Asked at 2012-09-01 05:50:04
I have a couple of questions and would appreciate if you could answer any of them. MedlinePlus MedlinePlus 1. What are sales to customers who use bank credit cards such as Visa or MasterCard registered as? MedlinePlus MedlinePlus 2. Pete, Inc. 's 2008 income statement, net sales of $ 8,000,000, uncollectible accounts expense of $ 360,000, and net income of $ 900,000. Average accounts receivable Pete in 2008 amounted to $ 1,600,000. With 360 days to one year, Pete MedlinePlus one. Accounts receivable turnover rate is approximately 4.4 times. MedlinePlus b. Accounts receivable turnover rate is approximately 2.5 times. MedlinePlus c. Average number of days to collect an account receivable is 72 days. MedlinePlus d. Accounts receivable turnover rate is about 2 times. MedlinePlus MedlinePlus 3. Factoring of receivables is as follows: MedlinePlus One way to sell. MedlinePlus One way of pledging as collateral for a loan. MedlinePlus One way to get money quickly. MedlinePlus All three of the above
. 5. The Sigma Corporation's financial statements include a holding gain on investments. This item: MedlinePlus It is included in the income statement. MedlinePlus Shown as a reduction in stockholders' equity total. MedlinePlus Indicates Sigma securities market is worth more than the cost. MedlinePlus Sigma Corporation Claim securities sold during the period was a gain. MedlinePlus MedlinePlus 5. Financial assets include all of the following except MedlinePlus Cash MedlinePlus Marketable securities MedlinePlus Inventories MedlinePlus Accounts receivable MedlinePlus MedlinePlus 6. The company's accounting records showed Golden Cash $ 15.250 as of June 30. The balance of the account statement as of June 30 was $ 15, 125. The reconciling items were only deposits in transit $ 3,200, outstanding checks totaling $ 4,100, a $ 1,000 NSF check returned by the bank of gold that had not changed back to the client, and a bank service charge $ 25. preparing a bank reconciliation should indicate gold property in cash on June 30 in the amount of: MedlinePlus MedlinePlus $ 14,475 MedlinePlus $ 15,375 MedlinePlus $ 14,225 MedlinePlus $ 15,525 MedlinePlus 7. The accountant prepared a check for $ 58, but accidentally recorded it as $ 85. In preparing the bank reconciliation, this must be corrected by: MedlinePlus Adding $ 27 to the bank account MedlinePlus Subtract $ 27 from the bank account MedlinePlus Adding $ 27 to the account balance
Subtract $ 27 for balancing the USDA Agricultural Research MedlinePlus 8. MedlinePlus MedlinePlus Taylor, Inc. had accounts receivable of $ 310,000 and an allowance for doubtful accounts of $ 19,500 before writing it off as a receivable value of the company of $ 1,300 Burton. The net realizable value of accounts receivable before and after the cancellation were: MedlinePlus $ 290,500 $ 289,200 before and after. MedlinePlus $ 290,500 $ 290,500 before and after. MedlinePlus $ 310,000 $ 308,700 before and after. MedlinePlus $ 329,500 $ 328,200 before and after. MedlinePlus MedlinePlus Thank you! If you still can just answer one of them would be very grateful! MedlinePlus
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