AC1025 A company has a gross profit ratio of 30%. The trade receivables collection period for the company: Principles of Accounting Assignment, SIM, Singapore
| University | Singapore Institute of Management (SIM) |
Question 4
A company has a gross profit ratio of 30%. The trade receivables collection period for the company has been calculated at 62 days. If the actual gross profit earned was £360,000, what were the trade receivables?
Question 5
The cost of the inventory items of Robertson Ltd at the end of the year 2021 corresponds to £25,000. The selling price is £30,000 but the costs related to the selling and delivery of the inventory items are £7,000. The value of the inventory at the end of the year 2021 is:
Buy Custom Answer of This Assessment & Raise Your Grades
Question 6
The manufacturing plant at Daydream plc has three departments. The budgets for each department is shown below:
Calculate the production overhead for each department.
Question 7
Bates Ltd makes and sells 200,000 gadgets for children a year for £15 each. Fixed costs are £360,000 a year and variable costs are £12 per unit.
If Bates Ltd can increase the volume of sales to 250,000 gadgets by reducing its selling price to £14.50. What is the breakeven by volume?
Stuck with a lot of homework assignments and feeling stressed ? Take professional academic assistance & Get 100% Plagiarism free papers
- COU104e Social and Emotional Learning TMA: Competencies, Community Impact & Stress Management
- HBC251 Religion in Contemporary Societies TMA02: Site Visit & Interfaith Analysis
- BSL202 Workplace Law Assignment: Employment Status and Contractual Obligations
- HRM335 Leadership Development TMA01: A Personal Leadership Metaphor and Action Plan
- BUS100 Business Skills and Management TMA: E-Commerce and Financial Analysis
- PSY205 ECA Guidelines: Integrated Public Safety and Security Management
- PSY205 Social Psychology TMA02: Submission Guidelines and Requirements
- Math255 Mathematics for Computing Assignment: Statistical Methods and Probability
- SWK352 TMA: Assessing Sharon’s Challenges in Child Development
- COS364 Tutor-Marked Assignment: Working with Interventions for At-Risk Youths
UP TO 15 % DISCOUNT