举一反三
- An extract from a company's sales budget is as follows：$October 224,000November 390,000December 402,00010% of sales are paid for immediately in cash. Of the credit customers, 30% pay in the month following the sale and are entitled to a 1% discount. The remaining customers pay twomonths after the sale is made.What is the value of sales receipts shown in the company's cash budget for December? A: $285,567 B: $286,620 C: $290,430 D: $312,830
- Cash collections from customers include thecurrent month’s cash sales plus collections on credit sales.
- ABC Company sells three products: Product A has a contribution to sales ratio of 15% Product B has a contribution to sales ratio of 60% Product C has a contribution to sales ratio of 30%Annual fixed costs are $180,000. If the products are sold in the ratio as follows: Product A: 6 Product B: 4 Product C: 5What is the annual breakeven sales revenue to the nearest $000? A: $300,000. B: $360,000. C: $514,000. D: $562,000.
- Joshua has entered sales returns of $100 on the credit side of the sales returns ledger account.Which of the following journals would correct this error? A: Debit Sales Returns $200 and Credit Suspense $200 B: Debit Suspense $200 and Credit Sales returns $200 C: Debit Sales returns $100 and Credit Suspense $100 D: Debit Suspense $100 and Credit Sales returns $100
- It was last month that ABC company made a sales contract with an overseas customer in Beijing.
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- 0
A business usually has a mark-up of 25% on cost of sales. During a year, its sales were $80,000. What was cost of sales? A: $64,000 B: $60,000 C: $20,000 D: $18,000
- 1
A business must write off an irrecoverable debt of $3,000.What is the journal entry to record this in the nominal ledger? A: Debit Trade receivables $3 ,000; Credit Sales $3,000 B: Debit Sales $3,000; Credit Trade receivables $3 ,000 C: Debit Irrecoverable debt expense $3,000; Credit Trade receivables $3,000 D: Debit Trade receivables $3,000; Credit Sales $3,000
- 2
Which one of the following is not a functional budget? A: Marketing budget B: Sales budget C: Cash budget D: Purchasing budget
- 3
In international trade, according to supplier of the sample, sales by sample can be divided into A: Sales by Seller’s Sample B: Sales by Buyer’s Sample C: Sales by Counter Sample D: Sale by Descriptions or Illustrations E: Sales by Reference Sample
- 4
By the end of October last year, the sales volume of the company(increase) ______ to $ 300,000.