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3 years ago

Which statement is true about reporting receivables on the balance sheet?

Business

1 answer:

MAVERICK [17]3 years ago

3 0

<h3>Answer:</h3>

D. Allowance for Doubtful Accounts is shown as a deduction from Accounts Receivable on the balance sheet.

<h3>Explanation:</h3>

Balance sheet is a statement of account that shows the number of assets, liabilities, capital and net profit or loss in an organisation.
Receivables refers to the amount that the seller ios owed by the customers or buyers.
Therefore, receivables are current assets in a business and are listed on the left side of the balance sheet.
Allowance for doubtful accounts is listed as a deduction below the accounts receivable as it is a reduction of the total amounts on accounts receivable.

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Your portfolio is 230 shares of Barden, Inc. The stock currently sells for $93 per share. The company has announced a dividend o

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Answer:

Your stock will be valued in $20,838.

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3 years ago

Pineapple whip, a company that makes an ice cream-like treat using pineapple, sells its branding, production techniques, and pro

rewona [7]

In this context, the Pineapple whip is engaged in a business arrangement called Franchising.

<h3>What is Franchising?</h3>

Franchising is a business arrangement where the franchisor (one party) grants some rights and authorities to the franchisee.

In this case, the , the franchisee will pays a fee to the franchisor because he is using the business's success, trademarks, proprietary knowledge etc.

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2 years ago

In the month of March, Sandhill Salon services 630 clients at an average price of $120. During the month, fixed costs were $26,1

vichka [17]

Answer:

<em>Part 1. total contribution margin in dollars</em>

Total Contribution Margin = $37,800

<em>Part 2. per unit contribution margin</em>

contribution margin per unit of sell = $ 60

<em>Part 3. contribution margin ratio</em>

contribution margin ratio = 50 %

<em>Part 4. break-even point in dollars</em>

break-even point in dollars = $ 52,320

<em>Part 5. break-even point in units</em>

break-even point in units = 436 clients

Explanation:

<em>Part 1. total contribution margin in dollars</em>

contribution margin per unit of sell = Sales Price × 50%

= $120 × 50%

= $ 60

Total Contribution Margin = Number of Clients × Contribution Margin per unit

= 630 × $60

= $37,800

<em>Part 2. per unit contribution margin</em>

contribution margin per unit of sell = Sales Price × 50%

= $120 × 50%

= $ 60

<em>Part 3. contribution margin ratio</em>

contribution margin ratio = Contribution / Sales

= $ 60/ $ 120

= 50 %

<em>Part 4. break-even point in dollars</em>

break-even point in dollars = Fixed Costs / contribution margin ratio

= $26,160 / 0.50

= $ 52,320

<em>Part 5. break-even point in units</em>

break-even point in units = Fixed Costs / contribution per unit

= $26,160 / $60

= 436 clients

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3 years ago