The following are the ratios relating to the activities of Technopak Limited Debtors Velocity Stock Velocity Creditors Velocity Gross Profit Ratio 3 months 8 months 2 months 25 per cent Gross profit for the current year ended December 31 amounts to 4,00,000 Closing stock of the year is 10,000 abov...

a Determination of Sales Sales Gross Profit Gross profit Ratio 100 400000 25 100 1600000 b Determina ...

The following are the ratios relating to the activities of Technopak Limited: Debtors Velocity Stock Velocity...

Fantastic news! We've Found the answer you've been seeking!

Question:

Related Book For answer-question

Intermediate Accounting Reporting and Analysis

ISBN: 978-1337788281

3rd edition

Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach

See More Books

Posted Date: Jan 08, 2021 11:35 PM

See More Questions

On January 2, 2017, TI enters into a contract with Drewry Corp. to build a new piece of equipment. The contract price is $ 3 million, and construction is expected to take 18 months. Drewry is billed...
On January 1, 2017, Gordon Co. enters into a contract to sell a customer a wiring base and shelving unit that sits on the base in exchange for $3,000. The contract requires delivery of the base first...
On January 1, 2019, Gordon Co. enters into a contract to sell a customer a wiring base and shelving unit that sits on the base in exchange for $3,000. The contract requires delivery of the base first...
The standard manufacturing process for thin-film resistors produces resistors with an average of 1k and a standard deviation of 3.5 Q. Twenty samples of a new process were tested, and the data can be...
Construct a dot plot of the total return percentages for the 30 fastest-growing companies and describe the distribution of return percentages.
The finance officer of a small city has heard that certain items of cost may be allowable under federal grants, even though they were not incurred specifically for the grant. To what source could the...
In the 1970s, Special Electric Company brokered the sale of crocidolite asbestos, which is the most toxic form of asbestos, to Johns- Manville Corporation. Special Electric never held possession of...
1. Should the new system be designed as a Web-based system? Why or why not? What are some specific issues and options that Susan should consider in making a decision? 2. Assume that Cassia Umi,...
Why would you perform a silent installation? What is the purpose of a password complexity policy? Oracle offers a free download of all editions of the Oracle Database. How does the company derive...
Jennifer Carter graduated from State University in June 2005, and, after considering several job offers, decided to do what she always planned to do go into business with her father, Jack Carter....
Collar A and block B are connected by a cable passing over three pulleys C, D, and E as shown. Pulleys C and E are fixed, while D is attached to a collar which is pulled downward with a constant...
Consider individuals A and B. They have preferences over two-dimensional consumption bundles x = (x,x2) where goods consumption must be non-negative, 0 and 2 0. Individuals A and B have perfect...
Hux Investments leased equipment from a leasing company on July 1, 2018 in a finance lease.. The present value of the lease payments discounted at 10% was $75,600. Ten annual lease payments of $8,630...
What constitutes the five tiers within the Capability Maturity Model Integration (CMMI), delineating the progression from initial to optimized levels? Moreover, which transition among these levels...
During Burns Companys first year of operations, credit sales totaled $146,000 and col-lections on credit sales totaled $108,000. Burns estimates that bad debt losses will be 1.5% of credit sales. By...
lkyl Fliers Company produces model airplanes. During the month of November, it produced 3,000 planes. The actual labor hours were 5 hours per plane. Its standard labor hours are 10 hours per plane....
Why is it important for modern GPS systems to take into account special relativity? What would happen if our GPS systems did not take into account special relativity?
Modify the counter from Exercise 5.44 such that the counter will either increment by 4 or load a new 32-bit value, D, on each clock edge, depending on a control signal Load. When Load = 1, the...
Jorg is building an office building for Wilmington Company for $20,000,000. The contract has the following characteristics: The office building is built to the customers specifications and the...
Gansac Publishing Company signed a contract with an author to publish her book. The signing took place on January 1, 2019, and a payment of $20,000 was made to obtain a copyright. Gansac expects to...
At December 31, 2018, certain accounts included in the property, plant, and equipment section of Townsand Companys balance sheet had the following balances: Land...
Let $X_{1}, \ldots, X_{n}$ be a set of independent and identically distributed random variables from a distribution $F$ with variance $\mu_{2}$ where \(E\left(\left|X_{1}ight|^{4}ight) a. Prove...
Consider a sequence of independent random variables $\left\{X_{n}ight\}_{n=1}^{\infty}$ where $X_{n}$ has probability distribution function \[f_{n}(x)= \begin{cases}2^{-(n+1)} &...
Let $X_{1}, \ldots, X_{n}$ be a set of independent and identically distributed random variables from a shifted exponential density of the form \[f(x)= \begin{cases}\exp [-(x-\theta)] & \text { for...

The following are the ratios relating to the activities of Technopak Limited: Debtors Velocity Stock Velocity...

Question:

Expert Answer:

a Determination of Sales Sales Gross Profit Gross profit Ratio 100 400000 25 100 1600000 b Determina... View the full answer

Intermediate Accounting Reporting and Analysis

Students also viewed these accounting questions