I need all answers quickly. No explanation needed.

6.

Assuming a 365-day year, how long (in average days) does the collectibles from customers stay as outstanding accounts receivable if Company Z has a total sale of $1,800,000 of which $200,000 are cash sales and the beginning and ending accounts receivable balances are $30,000 and $50,000, respectively.

11.40 days

9.13 days

6.84 days

8.11 days

7.

Mr. D recently manufactured a product that will be introduced to the market next year. The unit cost is $210. Mr. D wishes to achieve a margin of 25% based on sales. How much would Mr. D sell the product for?

$262.50

$280.00

$367.50

$250.00

8.

The sole proprietorship business of Individual M purchased a machinery amounting to $30,000. The machinery is expected to be useful for a period of 4 years and have a residual value of $5,000. Individual M uses the double-declining method in depreciating their fixed assets. How much would be the depreciation expense for year 3?

$3,750.00

$2,500.00

$7,500.00

$1,250.00

9.

T Corporation is authorized to issue 500,000 common stock at $10 par value. As of December 31, 2019 the corporation has 350,000 common stock issued and outstanding. On February 14, 2020, the market price of the stock is $17. On the same date, T Corporation acquired 50,000 stocks at $15. On March 5, 2020, the company reissued 25% of the treasury stocks at $20. Which of the following will be included in the entry to record the transaction on March 5, 2020?

Debit Treasury Shares $187,500

Debit Common Stock $250,000

Credit Additional Paid-in Capital $62,500

Credit Cash $250,000

10.

The amortization of premium on bonds payable will _____________ the net income.

increase

decrease

not affect

offset