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blagie [28]
3 years ago
15

Keswick Supply Company wants to set up a division that provides copy and fax services to businesses. Customers will be given 20

days to pay for such services. The annual revenue of the division is estimated to be $25,000. Assuming that the customers take the full 20 days to pay, what is the incremental cash flow associated with accounts receivable?
Business
1 answer:
Softa [21]3 years ago
3 0

Answer:

Incremental cash flow= $1,369.863~ $1,370

Explanation:

In accrual accounting, accounts receivable gives a measure of revenue that a business has earned.

Given the annual revenue as $25,000. To get the daily revenue

Daily revenue= Annual revenue/ 365

Daily revenue= 25,000/365

Daily revenue= $68.493

Customers are expected to pay within 20 days, so for every 20 days

Incremental cash flow= 20 days* 68.493

Incremental cash flow= $1,369.863~ $1,370

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If the government and Central Bank don't use economic policy, what could happen?
Bumek [7]

Answer: D. All of the above

Explanation:

Economic policies are the policies athat are out in place by the government in order to control economic activities.

These policies are used to reduce inflation, provide employment opportunities, increase standard of living, encourage economic growth etc.

If the government and Central Bank don't use economic policy, that s cs lead to inflation, increase in unemployment and fall in the GDP.

Therefore, the answer is option D

4 0
2 years ago
Clarke Manufacturing Company makes a single product that is produced on a continuous basis in one department. All materials are
Gelneren [198K]

Answer:

a- Cost of finished goods= $54000

b- Cost of ending wip =$17290

c- Cost of beginning and total= $71290

Explanation:

The question has three requirements mentioned as follows;

a- Determine the cost of goods transferred to finished goods inventory.

b- Determine the cost of the ending work-in-process inventory.

c- Determine the total cost of the beginning work-in-process inventory plus the current manufacturing costs?

The solutions to each requirement are as follows:

a- cost of finished goods?

The cost of finished goods (9000 units) includes all of the production cost per unit which in this question  is $6.

So the cost of finished goods is =$6×9000

Cost of finished goods= $54000

b- cost of ending work -in-process inventory?

Ending work-in-process inventory are 3500 units of which 10% has been converted. This implies that ending work-in-process inventory would have consumed 100% material but 0% conversion cost since they are under process yet but 10% (i.e 3500×10%=350 units) of the work-in-process have been converted which means only 10% of the work-in-process inventory would have consumed total cost, therefore the cost of ending work-in-process would be:

cost of ending wip inventory= (3500×$4.80) + (350×$1.40)

Cost of ending wip =$17290

c- cost of beginning wip and current manufacturing cost?

Cost of beginning wip and current manufacturing cost would be the total cost of finished stock and ending work-in-process inventory (i.e adding answer of a and b)

cost = $54000+$17290

cost= $71290

4 0
3 years ago
Economics is best defined as the study of how societies deal with
lutik1710 [3]

Answer:

The division of labor.

Explanation:

3 0
2 years ago
Which is the best answer
Ipatiy [6.2K]
The answer would be between A and D.
3 0
3 years ago
Assume that the farmer and the rancher can switch between producing pork and producing tomatoes at a constant rate. Assume that
dusya [7]

Answer:

C) 6 pounds of pork and 8 pounds of tomatoes

Explanation:

Explanation:

            Labor hours to make 1 lb. of:          lbs. produced in 24 hours

                 Pork                  Tomatoes              Pork            Tomatoes

Farmer         6                            3                       4                       8

Rancher       4                            4                       6                       6

If both decide to specialize in producing only one good, the farmer will produce 8 pounds of tomatoes per day and the rancher will produce 6 pounds of pork per day.

This way when the rancher trades 4 pounds of pork in exchange for 6 pounds of tomatoes, he is gaining 2 pounds of pork which is equivalent to 8 labor hours.

When the rancher trades 6 pounds of tomatoes in exchange for 4 pounds of pork, he is gaining 2 pounds of tomatoes which is equivalent to 6 labor hours.

3 0
3 years ago
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