Answer:
$3,100
Explanation:
Step 1: Draw up the Accounts Receivable Account
Opening Balance $600 Allowance for Doubtful debt $200
Sales $3,200 Cash Collected $3,100
Closing Balance <u>$500</u>
<u>$3,800</u> <u>$3,800 </u>
To calculate the cash collected from customers
first, add the debit side of the accounts receivable which is a sum of the opening balance and sales= 3,800
Secondly, add the figures in the credit side including allowance for doubtful debt and closing balance= $700
Thirdly, Subtract the lesser side from the greater, $3,800 - $700 = $3,100
$3,100 was cash collected from the customers in 2016
5 days, but it depends on rules of where you are. It can be 10, or maybe even as high as 90.
The question incomplete! The complete question along with answer and explanation is provided below.
Question:
Eagle Life Insurance Company pays its employees $.30 per mile for driving their personal automobiles to and from work. The company reimburses each employee who rides the bus $100 a month for the cost of a pass. Tom, in his Mazda 2-seat Roadster, collected $100 for his automobile mileage, and Mason received $100 as reimbursement for the cost of a bus pass.
a. What are the effects of the $100 reimbursement on Tom's and Mason's gross income?
b. Assume that Tom and Mason are in the 24% marginal tax bracket and the actual before-tax cost for Tom to drive to and from work is $0.30 per mile. What are Tom's and Mason's after-tax costs of commuting to and from work?
Explanation:
a.
For Tom:
He is required to include the $100 in gross income therefore, he would have to pay after-tax cost on the reimbursement.
For Mason:
He is not required to include the $100 in gross income due to qualified transportation fringe.
b.
For Tom:
Marginal tax = 24%
The after-tax cost of commuting = 0.24*$100 = $24
The before-tax cost of commuting = $0 (since he was reimbursed)
For Mason:
The after-tax cost of commuting = $0
The before-tax cost of commuting = $0 (since he was reimbursed)
Answer:
a global standardization.
Explanation:
Global standardization can be defined as the ability of an organization to use standard marketing techniques across the world with respect to the cultural factors.
Also, local responsiveness can be defined as the degree of requirements and conditions to which a manufacturing firm should significantly adjust their products and methods of production in a particular country to.
A firm that is facing both strong cost pressures and strong pressures for local responsiveness should follow a global standardization strategy.
Hence, when a firm follows the global standardization strategy, the quality of its goods and services is able to meet the needs of customers (people) all over the world because of the streamlining of its production processes, products design, and simplified supply chain management.
Owns can legally do so under the first amendment. Therefore, it's true.
<h3>What is first amendment?</h3>
It should be noted that first amendment states that the Congress makes no law representing and establishment of religion.
In this case, if Owen refused to testify on the premise that the information he would divulge would self-incriminate him, he can legally do so under the first amendment.
Learn more about first amendment on:
brainly.com/question/26448398
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