Answer:
$91,500
Explanation:
Given that cash collection pattern is as follows; month of sale, 75%; month following the month of sale, 20%; and a 2% discount for cash collections in the month of sale, it means that cash estimated for collection in December will include;
- 75% sales in December (net of the 2% discount to be given)
- 20% sales in November
Discount for December cash collection
= 2% * 75% * $100,000
= $1500
Hence, net cash estimated to be collected in December
= 75% * $100,000 + 20% * 90,000 - $1500
= $75,000 + $18,000 - $1500
= $91,500
Answer:
Cash coverage ratio = 2.6; debt-equity ratio = 0.3
Explanation:
Properly understood and applied target ratios are vital when making an informed investment in one's firm. Depending on the given case, the cash coverage ratio of 2.6 and dept equity ratio of 0.3 represent the best target ratios. However to show a sufficient ability to pay, the cash coverage ratio should be substantially greater than 1:1. A good debt to equity ratio is around 1 to 1.5. However, the ideal debt to equity ratio will vary depending on the industry because some industries use more debt financing than others.
Answer:
D. master scheduling
Explanation:
Master scheduling is the branch of business management that deals with the planning on how to supply the market and consumers demands, it is a detail planning process, and it deals with manufacturing outputs and tries and matches this process to the customers orders that the organization has. It deals with when specific products will be made, when orders will be filled and what products and capacities are available to meet demand.
Which best compares and contrasts the teaching and training careers and the professional support careers? Both careers try to support student success; however, teaching and training careers involve direct instruction of students. Both careers help students learn; however, teaching and training careers are involved in running the school. Both careers are increasing the number of available jobs; however, professional support career earns less money. Both careers have support careers; however, professional support careers assist in the classroom.
Answer: I)Accrued ReVenue /Service Revenue.
2.-Prepaid Expenses/ Insurance Expenses
3.No Entry
4.Prepaid expenses /depreciation expense
5.Accrued Interest payable/Interest Expenses
6.Accrued expenses/ Interest expenses.
7.Unearned expenses/ Service Revenue
Explanation:The type of adjusting entry/ the related account in the adjusting entry is given below
a)For Accounts Receivable---Accrued ReVenue /Service Revenue.
(b) For Prepaid Insurance---Prepaid Expenses/ Insurance Expenses
(c) Equipment ---- Equipment Exoenses. Equipment is a long-term asset that will not last so the cost of equipment is recorded in the account Equipment. No entry is needed in this account.
(d) For Accumulated Depreciation Equipment-----Prepaid expenses /depreciation expense
e) Notes Payable : Accrued Interest payable/ Interest Expenses
(f) Interest Payable--- Accrued expenses/ Interest expenses
(g) Unearned Service Revenue--Unearned expenses/ Service Revenue