What activity does marketing begin

If ending accounts receivable exceeds the beginning accounts receivable Group of answer choices cash collections during the peri

sukhopar [10]

Answer:

no cash was collected during the period

or

cash collections during the year are less than the amount of revenue recognized

Explanation:

For example if we had Accounts receivable beginning balance $ 250,000 and Sales of $ 500,000 are made on accounts then the Total Accounts receivable will be $ 750,000.

But out of the $ 500,000 sales only $300,00 cash is collected and the remaining $ 200,000 is still in the Accounts receivable balance so the ending Accounts receivable balance will be $ 250,000 + $200,000 = $ 450,000 which will be greater than beginning Accounts receivable balance.

So there are two possibilities either cash collections during the year are less than the amount of revenue recognized.

or

no cash was collected during the period.

Similarly it cannot be choice no 1 : collections during the period exceed the amount of revenue recognized

Because if more cash is collected then ending account receivable balance would be less than the beginning account receivable balance.

Choice no 3 is also wrong if cash collections are more than the ending accounts receivable balance would be less

4 0

3 years ago

Today the current EUR to USD exchange rate is 1 EUR = 1.19 USD. According to the Bloomberg consensus estimate, the EUR to USD ex

OlgaM077 [116]

Answer:

1 . b

2. 84.03 euro

3. 135.28 euros

4. 177.22 dollars

5. 0.77

6. 0.154

Explanation:

1. Dollar depreciated

2. 1 Euro = 1.19 dollars

So therefore

1 dollar = 1 euro/1.19

So 100 dollars = 100 * (1/1.19) = 84.03 Euro.

3. A = p * (1 + (r/n))^(nt)

Where p = principal = 84.03

A = accrued amount after maturity

r = rate = 10%

n = number of compounding = yearly = 1

t = time of maturity = 5

So therefore:

A = 84.03 (1 +0.1)^5

A = 135.28 Euro

4. Convert 135.28 euros to dollars after 5 years

Since 1 Euro = 1.31 dollars

So therefore 135.28Euro will be 1358.28 * 1.31 = 177.22 dollars

5 - (final value/initial value) - 1 )

Where final value = 177.22

Initial value = 100

So therefore [ (177.22/100) - 1] = 0.77

6 - average annual return = sum of earning after maturity / time of maturity

So therefore : 0.77/ 5 = 0.154

6 0

3 years ago

Read 2 more answers

How to delete a car from your state farm insurance

s2008m [1.1K]

Answer:

hack

Explanation:

hack into the system and move it off your perminate recorder you won't be able to delete it

7 0

2 years ago

Read 2 more answers

The Colson Company issued $407,000 of 9% bonds on January 1, 2014. The bonds are due January 1, 2020, with interest payable each

Zielflug [23.3K]

Answer:

Dr cash $407,000

Cr bonds payable $407,000

July 1

Dr interest expense $ 18,315.00

Cr cash $ 18,315.00

December 31

Dr interest expense $ 18,315.00

Cr interest payable $ 18,315.00

Explanation:

The bond was issued at face value of $407,000 which means that cash of $407,000 was received which is to be debited to cash account and bonds payable account credited for the same amount.

On July1 ,interest coupon of $ 18,315.00 ($407,000*8%*6/12) was paid which means that interest expense is debited with $ 18,315.00 while cash is credited.

On 31 December ,interest coupon of $ 18,315.00 ($407,000*8%*6/12) was due which means that interest expense is debited with $ 18,315.00 while interest payable is credited.

6 0

3 years ago

Issued 30,000 shares of common stock in exchange for $300,000 in cash. Purchased equipment at a cost of $40,000. $10,000 cash wa

hichkok12 [17]

Answer:

T-accounts:

Cash

Accounts Titles Debit Credit

Common Stock $300,000

Equipment $10,000

Rent Expense 5,000

Prepaid Insurance 6,000

Accounts Payable 70,000

Accounts Receivable 55,000

Equipment

Accounts Titles Debit Credit

Cash $10,000

Notes Payable 30,000

Notes Payable

Accounts Titles Debit Credit

Equipment $30,000

Inventory

Accounts Titles Debit Credit

Accounts Payable $90,000

Cost of Goods Sold $70,000

Accounts Payable

Accounts Titles Debit Credit

Inventory $90,000

Cash $70,000

Accounts Receivable

Accounts Titles Debit Credit

Sales Revenue $120,000

Sales Revenue

Accounts Titles Debit Credit

Accounts Receivable $120,000

Cost of Goods Sold

Accounts Titles Debit Credit

Inventory $70,000

Rent Expense

Accounts Titles Debit Credit

Cash $5,000

Prepaid Insurance

Accounts Titles Debit Credit

Cash $6,000

Common Stock

Accounts Titles Debit Credit

Cash $300,000

Depreciation Expense

Accounts Titles Debit Credit

Acc Depreciation $1,000

Accumulated Depreciation - Equipment

Accounts Titles Debit Credit

Depreciation Expense $1,000

Explanation:

T-account consists of the following. An account title to record the corresponding account where the double-entry transaction is completed. A debit side on the left to enter the dollar value of the transaction, if the concerned account receives the value. A credit side on the right, also, to enter the dollar value of the transaction, if the concerned account gives out the value.

5 0

3 years ago