Answer:
$191,000.00
Explanation:
The cash amount of cash collected from customers is the amount of sales revenue in the year 2018 adjusted for changes in accounts receivable balances as shown by the formula below:
cash collected from customers=sales revenue+begining accounts receivable-ending accounts receivable
sales revenue=$202,000
the begining accounts receivable=$16,500
the ending accounts receivable=$27,500
It is expected that cash received would be sales less the increase in accounts receivable
cash collected from customers=$202,000+$16,500-$27,500
cash collected from customers=$191,000.00
Answer:
Option D is correct,$1,950,000
Explanation:
In order to compute the closing balance of retained earnings, the preferred shares dividends for prior and current years as well as the common stock dividend must be deducted from net income before adding the remnant to the opening retained earnings:
Net income $870,000
Preferred dividend prior year($100*20000*8%) ($160,000)
Preferred dividend current year($100*20000*8%) ($160,000)
Common stock dividend($2*100,000) ($200,000)
net income after dividends $350,000
Closing retained earnings=$1600,000+$350,000
=$1,950,000
Answer:
Sooner Company
Trial Balance
For the month ended April 30, 202x
Debit Credit
Cash $2,600
Accounts Receivable $4,800
Prepaid Rent $6,100
Land $47,000
Accounts Payable $3,000
Deferred Revenue $1,650
Common Stock $27,000
Retained Earnings $19,750
Service Revenue $24,100
Salaries Expense $6,900
Supplies Expense $8,100
Totals $75,500 $75,000
When you are preparing a trial balance, you must report the accounts with their normal balances, e.g. assets have a normal debit balance while equity has a normal credit balance.
The reason an improvement team would consider collecting balancing measures is "to make sure they didn't unintentionally introduce undesired changes."
This is based on the idea that is balancing measures are information gathered that reveals the details of a health system to make sure an improvement in one aspect is not having adverse effects in another area.
The purpose of an improvement team is to make sure there is a true and right improvement that has no negative effect in any way.
Hence, in this case, it is concluded that the role of the improvement team is vital health care system.
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