Answer:
$1,756,600.
Explanation:
P2 Jasper Company
Budgeted cash Receipt
For the 2nd quarter
April May June
Accounts Receivable $400,000
70% in the month of Sale $367,500 $374,500 $392,000
30% in the month after Sale $110,250 $112,350
Budgeted cash receipt $767,500 $484,750 $504,350
Total budgeted cash receipt for the 2nd quarter = $767,500 + $484,750 + $504,350 = $1,756,600.
30% in the month after sale means 30% amount will be received in the following month.
Answer:
An accountant is someone who keeps or examines the records of money received, paid, and owed by a company or person.
Explanation:
To be a good accountant you need to earn the Right Degree. Although not required, most accountants attend college and earn a bachelor's degree.
You also have to pick a Specialty. Virtually all accountants and CPAs specialize in one or more areas of practice.
Eventually you will have to decide between being an accountant or CPA. .
If you want to be a CPA you will need to pass CPA Exam.
Answer:
13.82%
Explanation:
Data provided in the question:
Sales = $325,000
Net income = $19,000
Assets = $250,000
Total-debt-to-total-assets ratio = 45.0% = 0.45
Now,
Total asset turnover = Sales ÷ Total assets
= $325,000 ÷ $250,000
= 1.3
Profit margin = Net income ÷ Sales
= $19,000 ÷ $325,000
= 0.05846
Equity multiplier = 1 ÷ [ 1 - Debt to asset ratio]
= 1 ÷ [ 1 - 0.45 ]
= 1.818
thus,
ROE = Profit margin × Total asset turnover × Equity multiplier
= 0.05846 × 1.3 × 1.818
= 0.1382
or
= 0.1382 × 100%
= 13.82%
The correct answer that will complete the sentence above after the word, personal is identity. It is because it is true that personal identity is the one responsible for an individual to let go of the attitudes that he or she holds deeply in a way of making way for another attitude that he or she will learn and that is new in his or her environment.
