Answer:
The amount of cash collections from customers reported by Alex company for the year ended December 31, 2018 is $4,125,000.
Explanation:
Cash collection refers to the collection of cash from from an individual or a business whom invoice has been issued to. Any invoice unpaid are noted as being outstanding.
Cash collection fomular is therefore;
Cash collection = Sales on account + Cash sales + Decrease in accounts receivable
=$2,100,000 +$1,110,000 + $915,000
=$4,125,000
A. Adam Smith, Father of Modern Economics," believed that competition is a regulatory force. He argues that keeps self-interest at bay by restraining the ability to take advantage of consumers.
B. Friedrich Von Hayek, often called F.A. Hayek, believed that less government intervention gives people more economic freedom. He wrote about it in his pamphlet, "Economic Freedom and Representative Government."
C. John Maynard Keyness, according to Keynesian economics, one of the tenets of this school of thought is that government intervention is necessary for stability.
D. Milton Friedman (not Friedrich), said that the government's role in the role should be restricted. The government should not control the money supply.
Answer: Accrual accounting
Explanation: Under the accrual method of accounting, the entity records the revenues and expenses in the period of their occurrence, regardless when the cash is exchanged.
In the given case, Porite is recognizing revenues in the same period for the account receivable of asset from which that revenue is generated. Hence, the receiving of revenue is not taken into consideration.
Hence, from the above we can conclude that the practice of Porite is an example of accrual accounting.
Answer:(a) The correct answer is (D) All of the above
b) : The correct answer is option (B). (c) : The correct answer is option (A). (d) : The correct answer is option (B) (e) : The correct answer is option (C)
Explanation:
Cost Estimating Relationship or “CER” means a mathematical expression of varying degrees of complexity expressing cost as a function of one or more variables.
The relationship may utilize cost-to-cost variables, such as quality assurance hours to manufacturing hours, cost-to-non-cost variables, such as engineering hours to the number of engineering drawings, or non-cost to non-cost, such as pounds of thrust to weight.
Variables can be referred to as, numerator and denominator, dependent and independent, or pool and base.
When using net present value to compare projects, the total cost approach Is the most flexible method available to compare projects. Includes all cash inflows and outflows under each alternative.
Total fee technique, the whole cost technique normally consists of subtracting the bid fee from the total cost of performance and including profit in the resulting amount. This method is closely disfavored with the aid of the forums and courts.
Producers usually define supply chain charges using the full value of ownership. the total cost of ownership is defined as the aggregate of the acquisition or acquisition fee of a great or carrier. To this, they add the extra expenses incurred earlier than or after the services or products are delivered.
The whole price formulation is used to combine the variable and fixed costs of providing goods to determine a complete. The system is total fee = (common constant value x common variable value) x quantity of gadgets produced. To use this component, you need to recognize the figures for your constant and variable fees.
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