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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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5 0

2 years ago

A company's beginning cash balance was $4,000. at the end of the period, the balance was $3,000. if total cash paid out during t

AnnyKZ [126]

If total cash paid out during the period was $30,000, the amount of cash receipts was $31,000.

Given,

Beginning cash balance - $4,000

End of the period balance - $3,000

Total cash - $30,000

Cash receipts - ?

Thus, to calculate the amount of cash receipts, the below given formula is used.

Cash balance at the end of the period = beginning cash + cash receipts - cash outflow

$3000 = $4000 + cash receipts - $30,000

= $4000 - $3000 + $30,000

= $31,000

Hence, cash receipts is $31,000.

Cash receipts are basically the collection of money, one from a customer. Cash receipts are recognized as proof that your business has made a sale.

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4 0

2 years ago

In 2020, Monty Corporation had net cash provided by operating activities of $486,000, net cash used by investing activities of $

Marina CMI [18]

Answer:

Monty Corporation

Computation of Cash at December 31, 2020:

$485,000.

Explanation:

a) Data and Calculations:

Net cash provided by operating activities = $486,000

Net cash used by investing activities = (976,000)

Net cash provided by financing activities = $627,000

Net cash inflow = $ 137,000

January 1, 2020 Cash balance 348,000

December 31, 2020 Cash balance $485,000

b) The above implies that Monty made more (cash inflow) cash of $137,000 between January 1, 2020 and December 31, 2020. This is added to the January 1, 2020 cash balance to arrive at the December 31, 2020 cash balance.

6 0

3 years ago

Your customer calls you in the morning and tells you to lock the interest rate at the 5.5% you initially disclosed. You commit t

Lorico [155]

Answer: You or your company should pay the $500 and lock the rate.

Explanation:

You had already given your customer reasonable assurance that you would lock the rate so this is what they expect. You must therefore do as you have promised to your customer regardless of what the cost would be because the fault here lies with you.

You should therefore pay the $500 unless there is some company policy that allows them to pay it instead. Once done, you will be able to lock in the rate and fulfill your obligation to your customer.

3 0

3 years ago

Roles of private sectors in tourism in Africa

larisa [96]

The roles of private sectors in tourism in Africa include the following:

Investing in the tourism sector with time and money.
Reducing trips to destinations outside of Africa.
Identifying holiday centers and attractive sites
Developing beaches.
Promoting tourist products through Social Media.
Encouraging adventure tours.

<h3>What is tourism?</h3>

Tourism is the process of spending time away from your home for the following purposes:

Recreation
Relaxation
Pleasure
Using commercial services.

In Africa, tourism centers have been identified in Uganda, Algeria, Egypt, South Africa, Kenya, Morocco, Tunisia, Ghana, and Tanzania.

The types of tourism include:

Adventure tourism
Beach tourism
Cultural (food) tourism
Ecotourism (experiential tourism)
Medical tourism
Wildlife tourism.

Thus, the private sectors in Africa have different roles in tourism development.

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6 0

2 years ago