Answer: c. $9,937.52
Explanation:
The Accounts receivable balance can be calculated by;
= Outfits per years * Average Price * (Collection period/365)
Collection period;
71% take the discount which means that they pay in 15 days while the rest pay in 40.
= (71% * 15) + (29% * 40)
= 22.25 days
Accounts Receivable balance = 1,140 * 143 * (22.25/365)
= $9,937.52
Answer:
a debit balance of $1,300
Explanation:
Generally in the income statement, a net profit is the excess of income over expenses during a given period and this will give a credit balance in the income statement, but this will be a debit balance in Income Summary to close the account.
On the other hand, a net loss is the excess of expenses over income during a given period and this will give a debit balance in the income statement, but this will be a credit balance in Income Summary to close the account.
Since Camera Obscura Enterprises made a net profit of $1,300 in the month of June, the balance in Income Summary will therefore be a debit balance of $1,300.
Answer:
Cold-calling is the prospecting step of selling.
Answer:
d. Unlike encoding, decoding is the process by which the receiver translates the verbal or symbolic form of a message into an understood message.
Explanation:
There are 5 steps in the communication process
1. Sender
2. Encoding
3. Channel for Message
4. Receiver decodes the message
6 . feedback
The encoding could be done on behalf of the sender while on the other hand the decoding could be done on behalf of the receiver
So as per the given options, the option d is correct
And, the same is to be considered
