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Need to answer 5 math questions. See attachment for the problems needed. Average production cycle. Use the following account information for Rian Company. 2013 and
Need to answer 5 math questions. See attachment for the problems needed.
Average production cycle. Use the following account information for Rian Company. 2013 and 2014 Selected Balance Sheet Accounts of Rian Company 12/31/14 12/31/13 $ 33,345 $40,575 Accounts receivable Inventory $52,576 $48,824 Accounts payable $24,842 $23,324 2014 Selected Income Statement Items for Rian Company Cash sales $342,000 Credit sales $522,000 Total sales $864,000 Cost of goods sold $448,003 Change $7,230 $3,752 $1,518 If the target-ending inventory for 2015 is $53,368, what cost of goods sold will the company need to reach its goal? $ (Round to the nearest dollar.) Average collection cycle. Use the following account information to find the average collection cycle for Rian Company. 2013 and 2014 Selected Balance Sheet Accounts of Rian Company 12/31/14 12/31/13 Accounts receivable $33,376 $40,261 Inventory $47,733 $50,972 Accounts payable $23,305 $21,641 2014 Selected Income Statement Items for Rian Company Cash sales $373,000 Credit sales $465,000 Total sales $838,000 Cost of goods sold $430,548 What is the average collection cycle for Rian Company? days(Round to one decimal place.) Change $6,885 $3,239 $1,664 Average collection cycle. Use the following account information for Rian Company. 2013 and 2014 Selected Balance Sheet Accounts of Rian Company 12/31/14 12/31/13 Accounts receivable $30,450 $37,055 Inventory $45,881 $48,747 Accounts payable $22,897 $21,119 2014 Selected Income Statement Items for Rian Company Cash sales $326,000 Credit sales $474,000 Total sales $800,000 Cost of goods sold $437,420 Change $6,605 $2,866 $1,778 If total sales had remained at $800,000 how much of the sales revenue would have needed to be cash sales for the company to have met the collection goal? $ (Round to the nearest dollar.) Average accounts payable cycle. Use the following account information to calculate Rian Company's average accounts payable cycle. 2013 and 2014 Selected Balance Sheet Accounts of Rian Company 12/31/14 12/31/13 Accounts receivable $44,577 $53,768 Inventory $65,311 $69,988 Accounts payable $31,012 $29,110 2014 Selected Income Statement Items for Rian Company Cash sales $471,000 Credit sales $667,000 Total sales $1,138,000 Cost of goods sold $639,653 Change $9,191 $4,677 $1,902 What is Rian Company's average accounts payable cycle? days(Round to one decimal place.) Average accounts payable cycle. Use the following account information for Rian Company. 2013 and 2014 Selected Balance Sheet Accounts of Rian Company Accounts receivable Inventory Accounts payable 12/31/14 12/31/13 Change $32,996 $47,325 $22,877 $39,923 $50,871 $21,052 $6,927 $3,546 $1,825 2014 Selected Income Statement Items for Rian Company Cash sales $320,000 Credit sales $511,000 Total sales $831,000 Cost of goods sold $495,201 What would the ending balance in the accounts payable account for 2014 have needed to be to reach this target (holding all other accounts the same)? $ (Round to the nearest dollar.)Step by Step Solution
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