All categories

2 years ago

Cash Received from Customers—Direct Method

1 answer:

7 0

Based on the sales figure and the change in the accounts receivable balance, the amount of cash received from customers was $14,300.

<h3>What was the amount of cash received?</h3>

The accounts receivable balance refers to the amount that customers owe to the company.

This means that if the accounts receivable balance decreases by the certain amount, it would be because that amount was paid by the customers who owe the business.

The cash paid is therefore the amount of $14,300 which the balance reduced by.

Find out more on accounts receivables at brainly.com/question/24848903.

You might be interested in

When considering the economic prospects of a country, it can be said that Group of answer choices the advantages of building bra

tankabanditka [31]

Answer:

Options 1 - 4 are True but 5 is FALSE

Explanation:

All options given are indicators of economic growth and strong economic performance

When considering the economic prospects of a country, it can be said that: 1. the advantages of building brand loyalty and gaining experience in a country's business practices is greater for a last-mover than for a first-mover because the last-mover has the chance to learn from the mistakes of the first-mover and perfect on them

2. countries which do not have property rights protection tend to achieve greater economic growth rates because prosperity and property rights are inextricably linked. The importance of having well-defined and strongly protected property rights is now widely recognized among economists and policymakers

3. the economic system and property rights regime are reasonably good predictors of economic prospects of a country because widely accepted explanation is that well-enforced property rights provide incentives for individuals to participate in economic activities, such as investment, innovation and trade, which lead to a more efficient market.

4. countries where property rights are not well respected and where corruption is rampant always have very low levels of economic growth because as stated in 3 above ill-enforced property rights does not provide incentives for individuals to participate in economic activities, such as investment, innovation and trade, which lead to a more efficient market.

5.countries with command economies tend to achieve greater economic growth rates than free market economies.

This is FALSE because one of the Command economy disadvantages include lack of competition and lack of efficiency.

5 0

2 years ago

Read 2 more answers

Programs designed to create a workplace that enhances employee well-being are referred to as ________ programs.

Flauer [41]

Answer: quality of work life programs

I hope this helps :D

6 0

2 years ago

Xugooooooooooooooooooooooo

Vika [28.1K]

Answer:

hailllllllllllllllllllleyyyyyyyyyyyyyyyyyyyyyyyy

Explanation:

7 0

3 years ago

n a company's merit pay program, an individual's compa-ratio represents the individual's pay relative to company's average pay f

Mademuasel [1]

Answer:

The individual's pay relative to company's average pay for that position.

Explanation: Compa-ratio is a term used by Recruitment managers in organisations to determine what a new recruit is likely going to be paid.

This ratio compares the person's position to those of others with an industry and know the average payment to offer the person. For example,a person with a Compa-ratio of 0.5 means the people is earning 50% less the average salary for his or her position.

8 0

3 years ago

You would like to establish a trust fund that would pay annual payments to your heirs of $100,000 a year forever. You expect the

Andrej [43]

Answer:

The amount to deposited = $1,538,461.54

Explanation:

A fund that pays a fixed amount for forever is an example of a perpetuity. Hence, the amount to be deposited today is the present value of the perpetuity.

This given below as follows:

PV = A × 1/r

PV - present value of perpetuity

r- Interest rate = 6.5%. A- annual cash flow - 100,000

PV = 100,000 × 1/0.065= 1,538,461.54

The amount to deposited = $1,538,461.54

5 0

3 years ago