211
Opening inventory is $10,000, purchases are $40,000, and closing inventory is $8,000. Assuming no other adjustments, what is cost of goods sold?
212
Average receivables are $20,000 and annual credit sales are $180,000. Approximately how many days is the collection period using a 365-day year?
213
A project costs $10,000 and generates $2,500 cash inflows per year. Assuming equal annual inflows, what is its simple payback period?
214
Actual sales are $100,000 and break-even sales are $70,000. What is the margin of safety in sales value?
215
A business has total assets of $500,000 and total liabilities of $300,000. What is equity?
216
A company issues 10,000 shares at $2 per share for cash. What is the total cash proceeds before issue costs?
217
A business owes $7,500 to a supplier and pays $2,000. What is the remaining payable, assuming no other transactions?
218
A company buys inventory for $4,000 cash. Under a perpetual inventory system, what is the immediate effect on total assets?
219
A customer pays $1,200 previously owed. What is the immediate effect on profit at collection?
220