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maxonik [38]
4 years ago
13

Ocean Auto Parts Company uses the direct method to prepare its statement of cash flows. Refer to the following information repor

ted for​ 2017:1. Sales​ Revenue, $516,0002. Accounts​ Receivable, beginning​ balance, $97,0003. Accounts​ Receivable, ending​ balance, $63,000Compute the collections from customers.A.​$453,000B.​$550,000C.​$356,000D.​$160,000
Business
1 answer:
Rufina [12.5K]4 years ago
8 0

Answer:

The answer is B. $550,000

Explanation:

Collection from customers is a line item in operating activities under cash flow. It is the total amount of money business collected from customers for its sales on credit.

Beginning receivable -------$97,000

Add:

Sales revenue------------------$516,000

Less:

Ending receivable-------------$63,000

Collections from customers-- $550,000

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A prosperous economy tends to struggle with high rates of crime, substance abuse, insecure employment, and family dissolution. S
GaryK [48]

Answer:

TRUE

Explanation:

Remember that a prosperous economy does not imply the most happy country or economy.

Therefore high rates of crime, substance abuse, insecure employment, and family dissolution may exist,  but <em>the scale in which this occurs</em> may be relatively lower when compared to a poor economy.

For example, the scale of such vices in United States is lower than in Mexico a poorer economy.

8 0
3 years ago
Dynamic production services started the year with total assets of? $130,000 and total liabilities of? $50,000. the company is a
lana66690 [7]
Dynamic Production Services net income for the year is $40,000.00
[$100,000.00 (revenues) - $60,000.00 (expenses) = $40,000.00]

6 0
3 years ago
What type of relationship do two people who work the same job share?
boyakko [2]
A. Horizontal :) remember to hit that thanks button please:)
4 0
3 years ago
Read 2 more answers
The improvement in the value of the objective function per unit increase in a right-hand side is the a. sensitivity value. b. du
SVETLANKA909090 [29]

Answer:

dual price

Explanation:

According to my research on economics, I can say that the improvement in the value of the objective function per unit increase in a right-hand side is referred to as the dual price. This strategy is used by most businesses as a way of taking market shares away from their competitors.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

4 0
3 years ago
Turner Inc. produces two products P1 and P2. The company has provided you with the following information. Assume that the curren
Nesterboy [21]

Answer:

B. The operating leverage for Turner now is 0.47  ⇒ TRUE

operating leverage = fixed costs / total costs = $240,000 / $510,000 = 0.47

C. Turner makes a contribution of $0. 57 per dollar of revenue, on the average.  ⇒ TRUE

total contribution margin = ($20 x 9,000) + ($30 x 6,000) = $180,000 + $180,000 = $360,000

total revenue = $630,000

contribution margin per $ of revenue = $360,000 / $630,000 = $0.57

D. Turner will break even when it reaches a revenue of $420,000.  ⇒ TRUE

break even point in $ = (6,000 x $30) + (4,000 x $60) = $180,000 + $240,000 = $420,000

Explanation:

A. 40% of Turner's revenue comes from P2  ⇒ FALSE

total revenue = $270,000 + $360,000 = $630,000

revenue from P2 = $360,000, which represents 57.14% of total revenue

E. The breakeven volume for Turner is 9,334 units ⇒ FALSE

in order to calculate break even point, we can prepare a bundle of products = 3P1 + 2P2

contribution margin per bundle = $120

break even point = $240,000 / $120 = 2,000 bundles

6,000 P1 and 4,000 P2

7 0
3 years ago
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