Answer:
The amount of cash collections from customers reported by Alex company for the year ended December 31, 2018 is $4,125,000.
Explanation:
Cash collection refers to the collection of cash from from an individual or a business whom invoice has been issued to. Any invoice unpaid are noted as being outstanding.
Cash collection fomular is therefore;
Cash collection = Sales on account + Cash sales + Decrease in accounts receivable
=$2,100,000 +$1,110,000 + $915,000
=$4,125,000
Answer: C. A purchase order
Explanation:
I’m right
Answer:
Based on this information, the purchase contract is probably <u>Void/Voidable</u> under the Truth in Lending Act (TILA) of 1968 is a United States
Answer:
lower than Ray's
Explanation:
The concept of anchoring refers to a cognitive bias in which the individual in question depends greatly on the first piece of information that they have seen when making a decision. Therefore base on this and the scenario described in the question it can be said that Louisa is likely to give a recommendation that is lower than Ray's, because the first information that she saw was that School A had no recess.
Answer:
$151,650
Explanation:
August Sales Collection $180,000*20%=$36,000
July Sales Collection $135,000*75%= $101,250
Collection of sales prior to July = $14,400
Total Cash receipts in August =$151,650