Net credit sales?
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Q: - Given the following data; TOTAL SALES OMR 250000 CASH SALES OMR 125000 SALES RETURN OMR 5000…
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Q: Put this transaction on the accounting equation: bought goods for R7000 less 10% discount
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Given the following data; TOTAL SALES OMR 250000 CASH SALES OMR 125000 SALES RETURN OMR 5000 OPENING SUNDRY DEBTORS OMR 20000 CLOSING SUNDRY DEBTORS OMR 10000What will be the Net credit sales?
a.
OMR 245000
b.
OMR 200000
c.
OMR 125000
d.
OMR 120000
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- Given the following data Total Purchases - 150000 Cash purchases - 45000 Purchase return - 5000 Opening Creditors - 30000 Closing creditors - 20000 What will be the number of Average creditors? a. 30000 b. 25000 c. 50000 d. 35000 ......... Given the following data Total Sales 250000 Cash sales 125000 Sales Return 5000 opening Sundry Debtors 20000 Closing Sundry Debtors 10000 What will be the average debtors? a. 30000 b. 7500 c. 10000 d. 15000Given the following data; TOTAL SALES OMR 250000 CASH SALES OMR 125000 SALES RETURN OMR 5000 OPENING SUNDRY DEBTORS OMR 20000 CLOSING SUNDRY DEBTORS OMR 10000 What will be the Debtors Turnover Ratio (DTR)? a.16 b.6 c.5 d.8The contra revenue account that represents the reduction in the amount paid by a credit customer if payment is made within a specified period of time is known as which of the following: O Contra revenue account O Sales allowance account O Sales discount account O Allowance for uncollectible accounts ASUS f3 f4 f5 f6 f7 f8 f9 f10 f11 区 ロ/京 %24 & 3 4. 7. 8 9. 01 Y U G H. J K 16 5 图
- 27. The average payment period of an organization is calculated by __________. a. Average payables / Daily credit purchases b. Average payables / Net purchases c. Accounts payables / Total purchases d. Opening account payable + Closing account payable /2From the following information, find receivable turnover. Sales 375000 (60% credit ) Account receivable 31.12 125000 Current Assets 760000 Cost of sale 120000 Fixed Assets 1440000 Net profit 30000 Inventory 800000 Current Liabilities 600000. Total assets 125000 Account receivable 1.1 25000 Select one: O a. 3 O b. The correct answer not available О с.5 O d. 1.5When 25 of merchandise is returned for a credit on account, what is the amount of the credit to Accounts Receivable, assuming a 6% sales tax rate? (a) 1.50 (b) 25.00 (c) 26.50 (d) 31.00
- 3000 d. OMR 35000 Clear my choice Given the following data; TOTAL PURCHASES 150000 CASH PURCHASES 45000 PURCHASE RETURN 5000 OPENING CREDITORS 30000 CLOSING CREDITORS 20000 What will be the Creditors Turnover Ratio (TOR)? a. 3. 16 e to search lenovo O O O OMC.15.088 « Question 9 Cass & Company has the following data. What is the firm's cash conversion eycle? Inventory Conversion Period = Receivables Collection Period = 47 days 17 days Payables Deferral Period = 25 days O a. 30 days O b. 38 days O c. 39 days O d. 46 days O e. 45 daysPut this transaction on the accounting equation: bought goods for R7000 less 10% discount
- Interest Revenue on the income statement is $3.900, beginning Interest Receivable is $360, ending Interest Receivable is $420, and Net Sales Revenue is $31,800. What is the cash receipt for interest? OA. $27,860 OB $3,100 OC. $3,140 OD. $3.860The business made a sale of OMR 21000 ( | cost was OR 18000), on credit basis. The effect on Account Receivable will be : Select one: O a. Account Receivable will decrease by OMR 21000 O b. Account Receivable will increase by OMR 18000 O c. Account Receivable will increase by OMR 21000 O d. Account Receivable will decrease by OMR 18000If a firm's supplier has a credit policy of 1/10/45, what is the nominal cost of trade credit? a. 1% b. 99% c. 10.83% d. 11.05% e. None of the above
