Answer:
C) $48,000
Explanation:
The account receivables is the account used to house revenue that has been earned but yet to be received in the balance sheet. It is the holding account pending the settlement of cash for services rendered or goods sold.
As such, where the Accounts Receivable account has a beginning balance of $10,000 and the company provides services of $50,000 on account during the month. The ending balance was $12,000
Let the amount received from customers be K
$10,000 + $50,000 - K = $12,000
K = $10,000 + $50,000 - $12,000
K = $48,000
Answer:
$18.74
Explanation:
the margin of error for a 95% confidence level = Z x (σ / √n)
- Z for a 95% confidence level = 1.96
- standard deviation (σ) = $160
- sample size (n) = 280
the margin of error for a 95% confidence level = 1.96 x ($160 / √280) = 1.96 x ($160 / 16.733) = 1.96 x $9.56 = $18.74
Answer:
- there will be no adverse movement in exchange rates or interest rates.
Explanation:
John's best speculative element is that everything would remain in his favor; especially the exchange rates and there interest rates.
Assuming after his transaction there is a sudden negative or adverse effects on the interest rate from 6 percent to 1 percent for US deposit and a decline in the USD/Japanese Yen exchange rate he <u>would be faced with great loses.</u>
Answer: All of the other answer choices are true.
Explanation:
FIFO simply refers to “First-In, First-Out” and the method assumes that the oldest goods that are in the inventory of a company have been sold first and therefore, the costs that are paid for them will be used for the calculation.
The following are true regarding the FIFO method:
• FIFO under a perpetual inventory system results in the same cost of goods sold as FIFO under a periodic inventory system.
• A company can choose to account for the flow of inventory using the FIFO method even if this doesn’t match the actual flow of its inventory.
• Perishable goods often follow an actual physical flow that is consistent with the FIFO method assumptions.
Therefore, the correct option is D as all are true.
People are demanding more apartments than sellers are willing to offer. This means that there is a shortage of apartments.
