Answer:
Average receivables = $157,500,000
Explanation:
<em>Account receivable represent the amount of credit made by a business which remain uncollected as at the reporting date. In other words, they represent the amount that customers are owing the business in respect of credit sales.</em>
Average account receivables
=(opening balance + closing balance)/2
=( $142,650,000 + $172,350,000)/2
= 157,500,000.
Answer:
$ 142 375
Explanation:
Thinking process:
Let the composite rate be given by the formula:
where
A = amount after interest
= interest rate
t = time
n = number of times (per year)
Therefore, this gives:
Answer:
The correct answer is letter "C": problem-solution.
Explanation:
Problem-solution speeches address an issue of interest and propose one of a more than one solution for the inconvenience. This speech starts by describing objectively the facts that led to the problem to later, with a more biased tone, propose a detailed set of steps that could be taken to improve the situation. The solution part of this type of speech tends to be persuasive.
Answer:
$12,000
Explanation:
The manufacturing company has a direct materials cost of $6
The company manufactures 2,000 unit
Therefore total direct material cost can be calculated as follows
= 2,000×6
= $12,000
Hence the total direct material cost of $12,000
Answer:
$726,500
Explanation:
The computation of current earnings and profits for year 2 is shown below:-
current earnings and profits for year 2 = Profit as per Income Tax - Penalty disallowed + Life insurance proceed - Tax Expenses
= $760,000 - $42,000 + $185,000 - $176,500
= $945,000 - $42,000 - $176,500
= $726,500
Therefore we have applied the above formula to reach out the current earnings and profits for year 2.
