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mestny [16]
3 years ago
11

A company received cash sales of $15000. They also collected $43000 in receivables during the same month.

Business
2 answers:
Bezzdna [24]3 years ago
3 0

Answer:

1.) D

2.)C

3.)D

Explanation:

Contact [7]3 years ago
3 0

Answer:

In this question two MCQS are given. The answer of both MCQS are given below.

1- The correct answer is C. Debit cash and credit accounts receivable

The cash collection results in decrease of receivable amount standing in account receivable and increase in cash asset. So option c is correct answer.

2-The correct answer is D. Debit Cash and Credit Sales

In case of cash sales no receivable is book and direct entry of cash collection is made. Increase in cash due to sales is debited and sales is credited.

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A statement of what is to be accomplished through marketing activities is called _______. a. a marketing objective b. market opp
Stolb23 [73]

A statement of what is to be accomplished through marketing activities is called marketing objectives.

Marketing objectives are defined, attainable goals created to not only offer general guidance but also drive actions. They are SMART goals, which stands for specific, measurable, achievable, relevant, and time-based (you've probably heard the acronym before!).

The main goals of marketing are maximizing earnings and achieving customer pleasure. Customer satisfaction: A company's main goal is to meet the needs of its consumers. Ensure Profitability: Marketing is run for profit, just like every other aspect of organization.

Learn more about marketing objectives here brainly.com/question/25754149

#SPJ4

5 0
2 years ago
Which of the following is a deposit institution?
scZoUnD [109]

Answer:

A credit union

Explanation:

As it says in Chapter 5,

"The financial institutions that most people use serve as intermediaries between suppliers (savers) and users (borrowers) of funds. These deposit-type institutions include commercial banks, savings and loan associations, mutual savings banks, and credit unions" (p. 7, or 142)

The rest are other financial institutions

"Financial services are also available from institutions such as life insurance companies, investment companies, finance companies, mortgage companies, pawnshops, and check-cashing outlets" (p. 9, or 144)

7 0
3 years ago
Maxim manufactures a hamster food product called Green Health. Maxim currently has 10,000 bags of Green Health on hand. The vari
Thepotemich [5.8K]

The net advantage (incremental income) of processing Green Health further into Premium Green and Green Deluxe would be:

<u>Explanation:</u>

Concept and region

Financial Statement

The statement is prepared for the specific period which comprises the financial information of the organization. it includes the statement of the income which shows the profitability of the business, balance sheet which shows the financial position in the terms of the asset. liability and capital, and cash flow statement (CFS) which represents the cash flows for the accounting period.

Fundaments

Sales:

It refers the revenue which is earned by the core business of the organization the units sold during the period are multiplied by the selling price per unit in order to determine the amount of sales.

The incremental revenue of the company is $6,000.

8 0
3 years ago
Last year Rocco Corporation's sales were $225 million. If sales grow at 6% per year, how large (in millions) will they be 5 year
cupoosta [38]

Answer:

b. $301.10

Explanation:

Current Sales = P = $225,000,000

Growth rate = g = 6%

Number of year = 5 years

Using simple growth formula we will find the Sales value after 5 years.

Future Sales = Current Sale ( 1 + growth rate )^Number of years

A = P ( 1 + g )^n

A = 225,000,000 x ( 1 + 0.06 )^5

A = 225,000,000 x 1.33823

A = 301,101,750 = 301.10175 Million

So, the correct option is b. $301.10.

3 0
4 years ago
Which person BEST exemplifies an entrepreneur? Mark is known as the profit maker in the firm where he is employed Mary embraces
blagie [28]

Answer:

Mary

Explanation:

An entrepreneur is a person who has a creative and innovative vision to turn an idea into a profitable business. Therefore, when analyzing the profiles of the people above, Mary is considered to have a greater entrepreneurial profile, because in addition to being a person who thinks about creating profits or making money, she has the skills to be innovative and adapt to change, with the focus on meeting customer demands.

A successful entrepreneur needs to have the ability to adapt to a constantly changing market and consumer trends to always satisfy consumers and differentiate themselves from the competition.

8 0
3 years ago
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