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tatuchka [14]
1 year ago
6

In july, lane co. Sells merchandise to avery co. On account. In august, avery pays the balance in full. The entry that lane will

make to record the receipt of cash will include a credit to the _______ account.
Business
1 answer:
vovangra [49]1 year ago
6 0

The entry that lane will make to record the receipt of cash will include a credit to the Accounts Receivable account.

<h3>What is Accounts Receivable?</h3>

Accounts Receivable is the amount, which a company will receive from its customers who have purchased its goods & services on credit.

It refers to the money that the customer owe to the company for the goods or services that they have already received but not yet paid for.

For example- Goods purchase on credit by ABC, the amount gets added to the accounts receivable.

Learn more about the account receivable here:-

brainly.com/question/24261944

#SPJ1

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Answer:

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If you use the approached suggested in the question,  you can solve for break even quantity by setting revenue to equal cost

R = C => 9x = 50,000 + 4x => 5x = 50,000 => x =10,000

<u>Double check: </u>

10,000 products sold as $9 would fetch $90,000 in revenue

Producing 10,000 products would incur 50,000 + 4 * 10,000 = $90,000 in total costs

=>The solution is correct

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Please see attachment

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