RSM219H1 Study Guide - Final Guide: Inventory Turnover, Accounts Receivable, Profit Margin

• School: UTSG
• Department: Rotman Commerce
• Course: RSM219H1
• Professor: Alexander Edwards

Document Summary

Part a (15 marks: a, b, d, d, d, d, d, c, d, a, c, b, c, d, b ( 1 mark) 3. (2 marks: bank charges, bank interest, nsf cheques, eft deposits, eft payments, direct deposits. Part c (10 marks: sales = ,863,200 x . 005 = ,316. Allowance for doubtful accounts ,316: allowance for doubtful accounts (unadjusted) ,800 credit. Allowance for doubtful accounts ,200: allowance for doubtful accounts (unadjusted) ,000 debit. Allowance for doubtful accounts ,000: allowance for doubtful accounts . Total assets total liabilities a. b. c. d. e. over 350 ne over 650 under 4,500 under 900 ne over 2,600 over 2,600 ne over 650 ne under 4,500 ne under 350 over 900. Equity over 350 over 650 under 4,500 under 900 over 2,600. Average days in inventory 125. 9 days. (,000 + ,000) 2 = 2. 9 x. It will be relatively easy to determine nrv based on what phones are selling for.