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2 years ago

An accounts receivable ledger:

Business

1 answer:

nordsb [41]2 years ago

6 0

An accounts receivable ledger is one that is used to show the credit sales that are made by a business.

<h3>What is a Ledger?</h3>

This refers to the accounting book that is used to keep financial records and other related accounts.

Hence, we can see that in the case of an accounts receivable ledger, one can see that the balances of each customer is reconclied periodically as more transactions are made.

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The "bail-out" money that went to giant financial institutions like citibank and goldman sachs, along with general motors and ch

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The bail-out money that exited to giant financial organizations like citibank and goldman sachs beside with general motors and Chrysler came from the troubled assets relief program. The troubled assets relief program is a program of the united states government to buy toxic assets and equity from financial organizations to reinforce its monetary sector that was employed into law by president george w. bush on october 3, 2008.

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3 years ago

A registered representative has left one firm to join another. Sometime later, the former employer discovers that some informati

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No stated time limit has been given if the firm had not filed an amended U-5.

<h3>What is the time limit to be followed for filing form U-5?</h3>

Form U5 must be filed within thirty days of the date of the termination event, and it requires a firm to provide accurate answers to various questions, including the reason for an associated person's termination of their registration.

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Hence, no stated time limit has been given if the firm had not filed an amended U-5.

Learn more about Form U5:

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2 years ago

A ________ bankruptcy involves the debtor reorganizing his/her debts.

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Chapters 11

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3 years ago

Read 2 more answers

A machine with a cost of $133,000 and accumulated depreciation of $86,500 is sold for $53,000 cash. The amount that should be re

adell [148]

Answer:

Zero, because the selling of fixed asset is reported as cash inflow under investing activity.

Explanation:

Cash flow from investing activities includes all the investments in the long term assets and sale of investments or individual assets. The investment items may include Property, Plant and Equipment.

So this means that it will not be included in the Cash from Operating Activities because it is a Cash from Investing Activities.

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3 years ago

Johansen Corporation uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead to jobs. The

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Answer:

Predetermined manufacturing overhead rate= $2.5 per direct labor hour

Explanation:

<u>Giving the following information: </u>

Jameson estimates that 20,000 direct labor-hours will be worked during the year.

Rent on factory building......................$15,000

Depreciation on factory equipment......$8,000

Indirect labor.......................................$12,000

Production supervisor's salary.............$15,000

<u>First, we need to calculate the estimated overhead costs:</u>

estimated overhead costs= Rent on factory building + Depreciation on factory equipment + Indirect labor + Production supervisor's salary

estimated overhead costs= 15,000 + 8,000 + 12,000 + 15,000

estimated overhead costs= $50,000

<u>Now, we can determine the predetermined overhead rate:</u>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 50,000 / 20,000

Predetermined manufacturing overhead rate= $2.5 per direct labor hour

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3 years ago