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wlad13 [49]
3 years ago
10

During 2017, Zippo Company had credit sales of $650,000, and the interest receivable balance increased by $10,000. In addition,

the beginning accounts receivable balance was $15,000 and the ending accounts receivable balance was $140,000. Based upon this information, what were cash collections from customers in 2017
Business
1 answer:
nirvana33 [79]3 years ago
8 0

Answer:

  $525,000

Explanation:

The computation of the cash collections from customers in 2017 is shown below:

As we know that

Cash collection from the customer = Opening balance of account receivable + credit sales - ending balance of account receivable

= $15,000 + $650,000 - $140,000

= $525,000

We simply applied the above formula to find out the cash collections from customer

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Answer:

New Task

Explanation:

The new task is a <em>company purchasing scenario where the purchaser initially buys  a products or services for the first time with no testing experience. </em>

An comprehensive search is performed to assess alternatives, however.  The higher the price or risk concerned, the more decision-making participants '  knowledge is required.  

For instance, an organization that purchases raw resources for the first time  to produce devices.

7 0
3 years ago
1. If you were going to buy a fuel-efficient car, which three would you consider? Why? Answer:
Ksenya-84 [330]

Answer:

Ford Fusion, Toyota Corolla and BMW i3

Explanation:

Fuel economy and fuel efficiency is one of the most important thing to consider when buying a car.

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When we burn or use more fuel, the atmosphere gets more polluted by the exhaust of the fuel burning, and the world oil supply is depleting faster. This results in the rise of gasoline price. Thus, it is very necessary to plan before buying cars.

I would consider the cars Ford Fusion, Toyota Corolla and the BMW i3 while planning to buy a car because they are the most fuel efficient cars available in the U.S. They are also equipped with latest technology like cruise control which reduces the fuel consumption of the car.

The 2020 Ford fusion is a 6 speed automatic front wheel drive which gives the best driving experience and less energy wastage.

4 0
3 years ago
Japan has the ability to produce either 10,000 televisions or 5,000 cars in a day. The United States has the ability to produce
lisabon 2012 [21]

Answer:

<h2>The United States has the comparative advantage in car production.</h2>

Explanation:

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  • Alternatively, US has a lower opportunity cost of producing cars relative to televisions meaning that US has to give up, sacrifice or trade off less number of televisions to manufacture one more car in comparison to the production of one more television.
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3 years ago
The master budgeting process typically begins with the sales budget and ends with a cash budget and:
Serhud [2]

Answer:

Budgeted financial statements

Explanation:

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3 years ago
A manufacturer makes lightbulbs and claims that their reliability is 98 percent. Reliability is defined to be the proportion of
quester [9]

Answer:

The expected number of nondefective lightbulbs is 980 out of a random sample of 1,000 bulbs.

Explanation:

Hi, if the company is right, this is the operation that we need to do.

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So, we are expecting 980 working bulbs out of a sample of 1,000

Best of luck

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3 years ago
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