Answer:
Total cash collection= $53,000
Explanation:
Giving the following information:
Sales:
February $60,000
March $50,000.
Cash:
40% of the sales are in cash.
Credit sales:
50% in the month of sale
50% in the next month
<u>Cash receipts March:</u>
Sales in cash March= (50,000*0.4)= 20,000
Sales on account March= (50,000*0.6)*0.5= 15,000
Sales on Account February= (60,000*0.6)*0.5= 18,000
Total cash collection= $53,000
Answer:
The statement is: True.
Explanation:
The Work In Progress (WIP) Inventory represents the sources needed during the production of a good. While calculating costs for those sources it is necessary to follow the 5-steps of process costing which are the following:
<em>1)</em><em> Determine the flow of units generated.
</em>
<em>2)</em><em> Adjust the inventory to calculate the equivalent units.
</em>
<em>3)</em><em> Identify the total cost.
</em>
<em>4)</em><em> Calculate the average cost per equivalent unit.
</em>
<em>5)</em><em> Record these costs to finished units and Work in Process units.</em>
There needs to be more information in this question because it is impossible for anyone to correctly answer it. Try telling us which story its from and the answer choices if there are any.
Answer:
legal system
Explanation:
There are five basic legal systems used in different countries around the world: civil law, common law, customary law, religious law, and mixed legal systems.
Generally business operations are included under common law (US and UK + former colonies) or civil law (based on Roman law used in most of Europe and Latin America), at least in western countries. This includes both North and South America, western European countries, and Australia + NZ.
Personally I don't know about the rest of the non western countries.
Answer:
your answer will be A . Loss
