Answer:
The collections in September from accounts receivable will be d. $134400
Explanation:
First we need to determine the amount of credit sales for the month of September.
Credit sales = total sales - cash sales
Credit sales- September = 240000 - (240000 * 0.2) = 192000
The credit sales for september will be $192000.
The question states that 70% of credit sales will be collected in the month of sale. So, September's collection from accounts receivables will be:
Collection- September = 192000 * 0.7 = 134400
Answer:
a. True
Explanation:
In simple terms, socialism is a political and economic theory that states that everyone in society equally owns the factors of production. On the other hand, capitalism states that there is a private ownership of the means of production and their operation for profit.
Usually in socialist nations the government aids its citizens in various ways, that is the reason why Abby's native country's economic system is believed to be more characteristic of socialism.
Answer:
From the given information, we can infer that Lorenzo has decided to give Maya a warning.
Explanation:
The warning is the statement which indicates any unpleasant situation which may arise if not taken any precaution. Although it is unpleasant to hear and to contemplate, it gives sufficient time for any situation to be covered up within the time. In the above case, Lorenzo decided to warn Maya about her activity. By doing this he would be able to draw Maya's attention towards her behavior.
<span>Over half of the adults of the African American population have white collar jobs. So, the myth that the majority of African Americans are poor is not true. There are a lot more poor white people in America than African Americans.</span>
