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
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

You might be interested in
3. A los factores productivos, dentro del proceso<br> de producción, también se conoce como..
emmainna [20.7K]

Answer:

El capital es uno de los tres factores de producción, se puede dividir en capital físico y capital humano, el capital físico son todas las máquinas y recursos que utiliza en su negocio. El capital humano se refiere a todos los conocimientos adquiridos.

6 0
3 years ago
On January 1, 2018, Race Corp. acquired 80% of the voting common stock of Gallow Inc. During the year, Race sold to Gallow for $
harkovskaia [24]

Answer:

net income attributable to the non controlling interest is $40800

Explanation:

Given data

Race sold = $450000

cost = $330000

owned = 15%

net income = $204000

Race net income = $806000

to find out

net income attributable to the non controlling interest

solution

we find the non controlling interest

so we apply formula for non controlling interest that is

non controlling interest of income = net income × (100%  - 80%)

put here value of net income

non controlling interest of income = net income × (20%)

non controlling interest of income = 204000 × (20%)

non controlling interest of income = 40800

so net income attributable to the non controlling interest is $40800

8 0
3 years ago
Land containing a mine having an estimated 1,000,000 tons of economically extractable ore is purchased for $375,000. after the o
Leokris [45]
Should your answr  be a ratio it is 75/375
7 0
3 years ago
Katherine Connor started her day with a cup of coffee while reading the newspaper.However, something about the day makes her fee
11Alexandr11 [23.1K]

Answer:

Mood

Explanation:

Mood is ones present states of mind. This present states of mind controls one's reaction that are visible to others. For example when one is in a good mood, he tends to be cheerful, smile often and happy but when one is in a bad mood like Katherine Conor, one tends to be unhappy,distracted and easily angered.

4 0
4 years ago
When dissolution occurs in the latter stages of a relationship between two firms, the loss of investments made in the relationshi
yan [13]

Answer:

The correct answer is letter "A": True.

Explanation:

The dissolution is the first of two steps in the termination of a partnership. It is followed by the "wind up" process where the firm ends to do business. The longer two or more companies hold a partnership, the worse the damages after the dissolution since at latter stages the firms tend to be more engaged in benefits and responsibilities.

7 0
3 years ago
Other questions:
  • A team consists of employees from the same department who meet for a few hours each week to discuss ways of improving the work e
    5·1 answer
  • You’ve just joined the investment banking firm of Dewey, Cheatum, and Howe. They’ve offered you two different salary arrangement
    7·1 answer
  • A European dairy that is famous for its rich ice creams has introduced basil-, tomato-, fennel-, and oregano-flavored ice creams
    8·2 answers
  • Chris owns his own business restoring antique cars. Last year, he restored 24 cars, which he sold for $1,100,000. The parts and
    11·1 answer
  • If you were to start a business delivering documents, you might need to purchase cell phones, bicycles, desks, and chairs. a. Th
    12·1 answer
  • Batista Company management wants to maintain a minimum monthly cash balance of $19,100. At the beginning of April, the cash bala
    15·1 answer
  • In a particular setting where the newsvendor model applies, demand is Normally distributed and the critical ratio is 0.4. Then,
    12·1 answer
  • Partial-Year Depreciation Sandblasting equipment acquired at a cost of $42,000 has an estimated residual value of $6,000 and an
    15·1 answer
  • My name is Felicia McMillian, and I was referred to you by a friend. I have a question about what I should do with my money. I'v
    6·1 answer
  • A home furniture store, David's Furnishings, lowers its prices below those of
    6·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!