1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Andrews [41]
3 years ago
10

At the beginning of january of the current year, little mikey's catering ledger reflected a normal balance of $52,000 for accoun

ts receivable. during january, the company collected $14,800 from customers on account and provided additional services to customers on account totaling $12,500. additionally, during january one customer paid mikey $5,000 for services to be provided in the future. at the end of january, the balance in the accounts receivable account should be:
Business
1 answer:
ira [324]3 years ago
4 0
<span>The accounts receivable balance should be $44,700 which is calculated by starting with the current balance of $52,000, subtracting the $14,800 in collections (which lowers the balance), adding the $12,500 of additional debt (which raises the balance), then finally subtracting $5,000 for the money collected on a future debt.</span>
You might be interested in
What do you mean by office personal<br>​
weqwewe [10]

Answer:

An office personal is a private office space. So having a private office you have more privacy, and this can result in higher productivity if your work requires full concentration.

5 0
3 years ago
The Guitar Shoppe reports the following sales forecast: August, $110,000; September, $190,000. Total sales includes 30% cash sal
Snezhnost [94]

Answer:

The correct answer is $117,500

Explanation:

According to the scenario, the given data are as follows:

Sales for august = $110,000

Sales for September = $190,000

So, we can calculate the September cash receipts by using following formula:

Cash receipt from August = $110,000 × 55% = $60,500

Cash receipt from September = $190,000 × 30% = $57,000

Total cash receipt for September = Cash receipt from August + Cash receipt from September

= $60,500 + $57,000

= $117,500

4 0
3 years ago
Read the scenario. Brad has a steady job, earns a solid income, and plans to live in a nearby city for the long term. He is look
Bogdan [553]
Buying both a car and a home.
8 0
3 years ago
Read 2 more answers
Here are selected data for Creek​ Corporation: Cost of materials purchases on account $ 68 comma 700 Cost of materials requisiti
Sedbober [7]

Answer:

$29,900

Explanation:

According to the scenario, computation of the given data are as follows:-

Predetermined Manufacturing Overhead = 130% of Direct Labor Cost

= $77,000 × 130÷100 = $100,100

Direct Material= $51,300 - $4,500 = $46,800

Direct Labor = $77,000

Total Added Cost to WIP = Manufacturing Overhead + Direct Material + Direct Labor

=$100,100 + $46,800 + $77,000 = $223,900

WIP Inventory at the End of The Year = Beginning WIP Inventory +Total Added Cost to WIP - Cost of Goods Manufactured

= $29,700 + $223,900 - $223,700

= $29,900

5 0
3 years ago
Comparative advantage A. is unlikely to​ change, once it has been defined. B. may change as time passes and circumstances change
Alona [7]

Answer:

The correct answer is B. may change as time passes and circumstances

Explanation:

The concept of comparative advantage is one of the basic foundations of international trade. It assumes as decisive the relative costs of production and not the absolute ones. In other words, countries produce goods that have a lower relative cost compared to the rest of the world.

8 0
3 years ago
Other questions:
  • A large computer company was well known for the frequent debate among employees regarding various issues. Employees weren't afra
    6·1 answer
  • Lochmere Corporation is evaluating a taxable bond at 7% and a municipal bond at 5.75%. What is the break-even tax rate?
    7·1 answer
  • Levelor Company's flexible budget shows $10,750 of overhead at 75% of capacity, which was the operating level achieved during Ma
    10·1 answer
  • A large generational divide involves the use of technology. people over 65 are less likely to use technology than younger indivi
    12·1 answer
  • June 4 Deere Company purchased $3,500 worth of merchandise, terms n/30 from Gilbert Company. The cost of the merchandise was $2,
    6·1 answer
  • Ricardo reprimanded five of his employees for coming to work drunk after a lunch outing. The next week, Ricardo fired another em
    14·1 answer
  • Helena Company uses a standard cost system, and allocates variable overhead costs based on direct labor hours. This month, the f
    6·1 answer
  • Multiple Choice
    7·1 answer
  • Suppose the equilibrium price of a physical examination ("physical") by a doctor is $200, and the government imposes a price flo
    12·1 answer
  • a) A person has 5 trousers, 7 shirts, 6 ties, and 3 pairs of shoes. In how many possible distinct ways can the person dress
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!