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Alla [95]
3 years ago
13

Hunter, Inc.'s accounts receivable increased during the year by $407,000. Its bad debt expense was $235,000, and its allowance f

or uncollectible accounts increased by $170,000. What is the amount of cash Hunter, Inc. received from customers during the reporting period if its sales were $4,470,000?
Business
1 answer:
kupik [55]3 years ago
7 0

Answer:

What is the amount of cash Hunter, Inc. received from customers during the reporting period if its sales were $4,470,000?

Cash received_____________________4235000

Explanation:

Sales __________________________ 4470000

Account receivable increase________ 235000

 

Cash received_____________________4235000

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kozerog [31]

Answer:

$240; $160

Explanation:

The computation is shown below:

As we know that

if there is 40% of money engaged in the risk portfolio is

= $1000 × 40%

= $400

Now amount in X is

= $400 × 0.60

= $240

And, the amount in Y is

= $400 × 0.40

= $160

hence, the last option is correct

All other valeus i.e. given in the question is not relevant. hence, ignored it

5 0
4 years ago
Which statement concerning monopolistic competition is false? a. Long-run equilibrium under monopolistic competition and pure co
11111nata11111 [884]

Answer:

b. Monopolistic competition is likely to result in a greater variety of product brands than pure competition.

Explanation:

Monopolistic competition is a competitive structure in which few companies operate in an industry that offers the same type of service or product, but differences. In this way each firm holds the relative monopoly of the product. For example, in the toothpaste market, companies sell the same product (toothpaste) but each company tries to differentiate their product from others.

In the competitive structure, several companies sell various products in a free competitive regime, having no monopoly power. Thus, the number of companies and products is infinitely larger than in monopolistic competition.

5 0
3 years ago
In terms of functionality, the distinction between nas and hhd is blurring because they both provide storage services to the net
weeeeeb [17]
The statement is false it should be between NAS and SANs or the <span>Storage area Network. It is considered to be the storage of the common user network and reorganized them. It is usually being used to level up the storage device of a network. </span>
5 0
3 years ago
You currently own 6 percent of the 2 million outstanding shares of Webster Mills. The company has just announced a rights offeri
natta225 [31]

Answer:

The new ownership position is A. 5.08

Explanation:

Current holding= 6%

current no. of shares= 2*6%=.12

new no. of shares issued =18/50=.36

total no. of shares become =2+.36=2.36 million

my holding in no. =.12 million

my holdinng in %=.12/2.36=.0508

or, 5.08%

8 0
3 years ago
The Likert Company is a coal company based in West Virginia. The company recently purchased a new coal truck for $64,000. The tr
KiRa [710]

Answer:

The depreciation expense during the year: $12,000

Explanation:

The Likert Company uses the units-of-production depreciation method to calculate depreciation expense by the following formula:

Depreciation Expense = [(Cost of asset − Residual Value ) x Number of Miles Produced]/Life in Number of Miles

Depreciation Expense per mile = ($64,000 - $4,000)/200,000 = $0.3

During the year,  the truck travelled 40,000 miles

Depreciation Expense = $0.3 x 40,000 = $12,000

3 0
3 years ago
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