What decisions does the business cycle help businesses make? check all that apply

A year end review of Accounts Receivable and estimated uncollectible percentages revealed the following: Days Outstanding Accou

olganol [36]

Answer:

A. $ 8 comma 730.

Explanation:

The computation is shown below:

For 1 - 30 days

= $61,000 × 2%

= $1,220

For 31 - 60 days

= $44,000 × 5%

= $2,200

For 61 - 90 days

= $21,000 × 11%

= $2,310

Over 90 days

= $9,000 × 50%

= $4,500

So, the total amount is

= $1,220 + $2,200 + $2,310 + $4,500

= $10,230

Now the Account Expense is

= Total expense - credit balance

= $10,230 - $1,500

= $8,730

3 0

3 years ago

Which of the following do you NOT need to open a checking account?

pav-90 [236]

Answer: Opening a checking account, whether a personal or business checking account, is a relatively easy process as long as you’re prepared with the right information. It becomes even easier when you ...

Explanation:

8 0

3 years ago

A straight bill of lading is most likely to be used under which of the following circumstances?

Lina20 [59]

A straight bill of lading is most likely to be used when the shipment is to an affiliate.

In keeping with finance management, a straight bill of lading is a document wherein a seller concurs to apply a specific shipping option to ship goods to a sure vicinity, and the invoice is then assigned to a mainly named consignee.

A straight bill of Lading is a non-negotiable invoice of lading. it's miles used when the goods which can be being brought are already paid for or are donations or presents and don't require a charge. The usage of this, the consignee is delivered the products via the delivery business enterprise upon presentation of identification.

The difference between a straight bill of lading and a reserve invoice of lading is the fee fame of the products being shipped. An instant invoice of lading is issued when the goods have been paid for in advance by way of the consignee to the shipper.

Learn more about bills here brainly.com/question/15339309

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4 0

2 years ago

Jasper Company provided the following information for last year: Costs Amount Sales in units 285,000 Selling price $17 Direct ma

yKpoI14uk [10]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Sales in units 285,000

Selling price $17

Direct materials $143,000

Direct labor $503,000

Manufacturing overhead $110,000

Selling expense $439,000

Administrative expense $860,000

A) Sales revenue= 285,000 units* $17= $4,845,000

B) Income statement:

Sales revenue= 4,845,000

COGS= (DM + DL + Overhead)= (756,000)

Gross profit= 4,089,000

Selling expense= (439,000)

Administrative expense= (860,000)

Net operating income= 2,790,000

4 0

4 years ago

Standard costs are:

Fudgin [204]

Answer:

The answer is E.

Explanation:

Standard cost are budgeted cost and are compared with actual cost at the end of the process to determine whether the variance is favorable or unfavorable.

Standard cost is based on the present cost for delivery a product or acquiring a product. Because present cost will be used for budgeting. Sometimes standard cost are based on historical cost will be used to determine the present cost.

3 0

3 years ago