c. At what price did Discovery Inc. close on October 19?$35.66d. Use the October 19 closing price from above and the October 20 opening price to findthe difference in prices as a percent increase. Round to the nearest hundredth percent.4.37% 1. Use the trading data for Friday, October 20 and Friday, October 27 to answer the questions.Discovery Inc.Discovery Inc.October 20October 27LastLastTrade TimeTrade TimeChgChgOpenOpen52-week High52-week High52-week Low52-week LowSales in 100sHighLowSales in 100sHighLow$38.504:00 P.M. ET$1.56$37.22$76.19$22.7819,700$40.10$36.77$42.004:00 P.M. ET$1.50$42.50$76.19$22.7823,600$42.50$42.00

Answered: c. At what price did Discovery Inc.…

Quickbooks Online Accounting

3rd Edition

ISBN:9780357391693

Author:Owen

Publisher:Owen

Chapter5: Operating Activities: Purchases And Cash Payments

Section: Chapter Questions

Problem 3.12C

See similar textbooks

Similar questions

Suppose the following:Beginning Inventory = 11257Ending Inventory= 12407Beginning Receivables = 6167Ending Receivables = 6879Beginning Payables = 8498Ending Payables = 8829Credit Sales = 93480Cost of Goods Sold = 72325Calculate the following (round final answers to 2 decimal places):Operating Cycle = daysCash Cycle = days
A $1,000 sale is made on May 1 with terms 2/10, n/30.Items with a $100 selling price are returned on May 3.What amount, if received on May 9, will be consideredpayment in full?a. $700 c. $882b. $800 d. $900
From the following information regarding the year to 31 August 20X6, what is the payables' payment period? $ Sales 43,000 Cost of sales 32,500 Opening inventory 6,000 Closing inventory 3,800 Payables at 31 August 20X6 4,750 A 40 days B 50 days C 53 days D 57 days
Princeton's detailed age analysis of trade receivables at 31 December 2020 shows the following: Customername Totaloutstanding £ Creditlimit £ 0-30days £ 31-60days £ 61-90days £ Over 90days £ A. Ames 16200 15000 2000 8700 2500 3000 B.Bristow 18300 25000 18300 - - - C.Chen 4700 4800 - 2000 2700 - TOTAL 39200 - 20300 10700 5200 3000 Notes:• The company offers 30 days credit to its customers.• The credit is offered to the customers based on words of mouth• Ames is disputing the quality of some of the goods and refusing to pay, no decision hasbeen made yet (£3,000 over 90 days)• Chen has just put in an order for £5,000, he is a good friend of the directorRequired:What are the key points arising from the credit controller's review in respect of each tradereceivable balance and what suggestions can be made to improve the aged analysis report?
Novak Corp. has accounts receivable of $111,000 at March 31, 2022. An analysis of the accounts shows these amounts. Balance, March 31 Month of Sale 2022 2021 March $61,000 $81,000 February 13,300 8,300 December and January 11,300 2,700 November and October 7,200 1,400 $92,800 $93,400 Credit terms are 2/10, n/30. At March 31, 2022, there is a $3,700 credit balance in Allowance for Doubtful Accounts prior to adjustment. The company uses the percentage of receivables basis for estimating uncollectible accounts. The company's estimates of bad debts are as shown below Age of Accounts Estimated PercentageUncollectible Current 2 % 1–30 days past due 7 31–90 days past due 25 Over 90 days past due 50 Determine the total estimated uncollectible accounts receivable. Total estimated uncollectibles accounts receivable $Enter the total estimated uncollectibles…
M7-18 Calculating the Inventory Turnover Ratio and Days to Sell [LO 7-5] Solve for the missing information designated by “?” in the following table. (Use 365 days in a year. Round the inventory turnover ratio to one decimal place before computing days to sell. Round days to sell to one decimal place.)
a) Fort Road Foxtrot’s adjusted trial balance for December 2018 is given. PrepareIncome Statement and Balance sheet. Inventory $ 6,500Common stock 45,000Cash 16,550Operating expenses 1,350Notes payable 600Interest expense 900Depreciation expense 1,200Net sales 12,800Accounts receivable 9,600Accounts payable 4,800Long-term debt 55,000Cost of goods sold 5,750Buildings and equipment 122,000Accumulated depreciation 34,000Taxes 1,440Retained earnings 15,250b) “Window dressing “in accounting is evil. Explain the statement and advise measures tocounter this. 300 words
Jan Feb March Purchases on account $260,000 $293,000 $330,000 The vendors have required the following terms of payment: Month of purchase 30% First month after the purchase 35% Second month after the purchase 35% Calculate the total payment on account for the month of March.
h. Assume that accounts receivable at December 31, 2020, totaled $310 million. Calculate the number of days' sales in receivables at that date. (Use 365 days a year. Do not round intermediate calculations. Round your answer to 1 decimal place.) WIPER INC. Condensed Balance Sheets December 31, 2020, 2019, 2018 (in millions) 2020 2019 2018 Current assets $ 650 $ 900 $ 700 Other assets 2,750 2,050 1,750 Total assets $ 3,400 $ 2,950 $ 2,450 Current liabilities $ 500 $ 800 $ 700 Long-term liabilities 1,500 1,000 800 Stockholders' equity 1,400 1,150 950 Total liabilities and stockholders' equity $ 3,400 $ 2,950 $ 2,450 WIPER INC. Selected Income Statement and Other Data For the year Ended December 31, 2020 and 2019 (in millions) 2020 2019 Income statement data: Sales $ 3,300 $ 2,900 Operating income 380 300 Interest expense 80 70 Net income…
H3. A retailer purchases some merchandise with an invoice price of $19,100 and terms of sale of 5/15, n/45. What is the net amount due (in $) on the order if a partial payment of $10,800 is made on the 15th day? (Round your answer to the nearest cent.) Please show proper step by step calculation with details
A credit sale of $750 is made on June 13, terms 2/10, net/30. A return of $50 is granted on June 16. The amount received as payment in full on June 23 is: a) $700 b) $686 c) $685 d) $650
Please Format in tables Jamieson Ltd is preparing to set up business on 1/7/2022 and has made the following forecast for the first six months of trading: July August Sept Oct Nov Dec Total Sales $525,000 588,000 616,000 630,000 658,000 672,000 3,689,000 Purchases $300,000 336,000 352,000 360,000 376,000 384,000 2,108,000 The expected selling price is $70 per unit. The cash collection pattern from debtors is expected to be: Cash customers - 30% of sales revenue will be for immediate cash and cash discount of 5% will be allowed. Credit customers - 70% of sales revenue will be from credit customers. These creditors will pay their bills 50% in month after sale and the remainder in the second month after sale. The purchases will be paid for 50% in month after purchase when 2% cash discount will be received. The remaining purchases will be paid for in the second month after purchase. Expected costs:…

SEE MORE QUESTIONS

Recommended textbooks for you

Quickbooks Online Accounting

Accounting

ISBN:

9780357391693

Author:

Owen

Publisher:

Cengage

Financial Accounting

Accounting

ISBN:

9781337272124

Author:

Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:

Cengage Learning

Intermediate Financial Management (MindTap Course…

Finance

ISBN:

9781337395083

Author:

Eugene F. Brigham, Phillip R. Daves

Publisher:

Cengage Learning

Quickbooks Online Accounting

Accounting

ISBN:

9780357391693

Author:

Owen

Publisher:

Cengage

Financial Accounting

Accounting

ISBN:

9781337272124

Author:

Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:

Cengage Learning

Intermediate Financial Management (MindTap Course…

Finance

ISBN:

9781337395083

Author:

Eugene F. Brigham, Phillip R. Daves

Publisher:

Cengage Learning

Intermediate Accounting: Reporting And Analysis

Accounting

ISBN:

9781337788281

Author:

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

Publisher:

Cengage Learning

EBK CONTEMPORARY FINANCIAL MANAGEMENT

Finance

ISBN:

9781337514835

Author:

MOYER

Publisher:

CENGAGE LEARNING - CONSIGNMENT

SEE MORE TEXTBOOKS

c. At what price did Discovery Inc. close on October 19? $35.66 d. Use the October 19 closing price from above and the October 20 opening price to find the difference in prices as a percent increase. Round to the nearest hundredth percent. 4.37%