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ABC, Inc.                                                             2021                2020 Income Statement Sales                                                    $30,000           $20,000 CGS                                                    $20,000           $15,000 Balance Sheet Accounts Receivable                          $1,000             $800 Inventory                                            $3,000             $2,000 Accounts Payable                               $1,500             $1,000   Based on the above information, what is 2021 Average days to collect cash from sales?

ABC, Inc.                                                             2021                2020 Income Statement Sales                                                    $30,000           $20,000 CGS                                                    $20,000           $15,000 Balance Sheet Accounts Receivable                          $1,000             $800 Inventory                                            $3,000             $2,000 Accounts Payable                               $1,500             $1,000   Based on the above information, what is the amount of days on average that ABC would be without cash and need to find a funding source to bridge that gap?

Company XYZ, Inc. uses dollar value LIFO for inventory. Given the following information:     Solve for the 2020 and 2021 price index, and write them in the answer box below:                         Inventory at                                                                             end-of-year                             Price                End of year inventory                         prices                                      Index               at base-year prices 2019                $400,000                                 1.00                 $400,000 2020                $467,500                                 ___                  $425,000         2021                $492,000                                 ___                  $410,000

A firm experiences a flood loss in the current year that destroys all but $6,000 of inventory (at cost). Given the following data:                                                   Prior Year                   Current (to date of flood) Sales                                        $100,000                                 $40,000 Purchases                                $70,000                                   $35,000 Cost of Goods Sold                 $60,000 Ending Inventory                    $10,000   What is the approximate inventory lost?

ABC, Inc. purchases a building on 9/1/2022 for $1,000,000. At the time of the purchase, they expect that the building will be used for 40 years and assume a $40,000 salvage value.  They use straight-line depreciation to depreciate the building.  Assume that ABC, Inc. prepares annual financial statements on 12/31 each year. What is the net book value (balance sheet value) of the building as of 12/312023?

Write an expression 

Identify the equation as either an identity or not.tan θ + cot θ = 2 csc 2θ

Graph the function.y = sin x

Convert the angle from radian measure to degree measure. Round to the nearest hundredth of a degree when appropriate.

Determine the quadrant containing θ.