Answer:
Option A is the correct answer
Explanation:
The cash received from customers can be computed using the formula as stated below:
Cash received=Sales+opening accounts receivable-closing accounts receivable
Cash received=$600000+$100000-$80000
Cash received=$620000
The above has been calculated on the premise that the customers are only owing $80000 as at the end of the year,which means $20000 has been paid from the $100000 owed at the beginning of the year.
Also,since the outstanding debt is only $80000, it means the sale amount of $600000 has also been settled in full,as a result $20000 plus $600000,gives $620000 total cash receipt
Answer: $81,060 in August and $80,850 in September
Explanation: Please find attached a table.
August 86,800 17,360 38,500 25,200 81,060
September 91,000 18,200 43,400 19,250 80,850
Answer: The correct answer is LONG; LONG
Explanation: A long position means the holder of the position owns the stock. A long position in a financial insteument means the holder of the position owns a positive amount of the instrument and has the expectation of an increase in value.
A short position refers to when the seller of the financial instrument does not own it.
The payback period for the x-ray machine equals 6 years.
<h3>What is a
payback period?</h3>
This means the period of time it will takes a firm to recover the cost of an investment.
<u>Given data</u>
Costs = $24,000
Useful life = 10 years
Reduce operating costs by $4,000
Payback period = $24,000 / 4000
Payback period = 6 years
Therefore, the payback period for the x-ray machine equals 6 years.
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