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ioda
3 years ago
14

​Mid-Town Auto Parts Company uses the direct method to prepare its statement of cash flows. Refer to the following information r

eported for​ 2019: 1. Sales​ Revenue, $519,000 2. Accounts​ Receivable, beginning​ balance, $97,000 3. Accounts​ Receivable, ending​ balance, $65,000 Compute the collections from customers.
Business
1 answer:
Lera25 [3.4K]3 years ago
7 0

Answer:

Collection from Customers =$487,000

Explanation:

Collection from Customers=account receivable beginning balance+sales revenue-account receivable ending balance

=97000+$519,000-$65,000

=$487,000

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Production and sales estimates for April are as follows: Estimated inventory (units), April 19,000 Desired inventory (units), Ap
telo118 [61]

Answer:

The correct answer is C.

Explanation:

Giving the following information:

Production and sales estimates for April are as follows: Estimated inventory (units), April 19,000 Desired inventory (units), April 30 18,000 Expected sales volume (units): Area 3,000 Area 4,750 Area 4,250

Production:

Sales= 12,000

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Beginning inventory= (19,000)

Total= 11,000 units

8 0
3 years ago
When its sales were declining, canadian airline conducted a marketing survey to understand the expectations of the business trav
Montano1993 [528]

Answer:

The correct answer would be, The Canadian Airline would have used Lost Customer Recovery Strategy.

Explanation:

When the sales of the Canadian Airline declines, they surveyed their target market which is Business Class Travelers. From the responses of the customers, they found out that customers feel bounded by the staff of the airplane. They think that they were totally controlled by the staff on board.

Now if the Canadian Airline would have surveyed their former customers, then they would have known why they left their airline, and what was their concerns and what they want in this airline; then the strategy used by them would have Lost Customer Recovery Strategy.

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3 years ago
The truth in lending act is contained in title of I of the:
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Answer:

truth of lending act

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laid the foundation for consumer protection

6 0
3 years ago
Beginning at point d if you were planning to purchase the good next week and the price would triple what new point would you mov
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Whazup

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7 0
2 years ago
Suppose that Freddie's Fries has annual sales of $520,000; cost of goods sold of $395,000; average inventories of $11,000; avera
Nadusha1986 [10]

Answer:

8.78

Explanation:

The computation of the cash cycle is given below;

We know that

Cash cycle = Inventory conversion period + Receivables conversion period - Payables conversion period.

Here

1. Inventory conversion period = Avg. Inventory ÷ (COGS ÷365)

= (11,000) ÷ (395000 ÷ 365)

= 10.16

2. Receivables conversion period = Avg. Accounts Receivable ÷ (Credit Sales × 365)

= (27000/520000) × 365

= 18.95

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Now the cash cycle is

= 10.16 + 18.95 - 20.33

= 8.78

8 0
2 years ago
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