Answer: $174000
Explanation:
The firm's budgeted collections for August and the company's budgeted receivables balance on August 31 would be calculated as:
= (30% × $220,000) + (60% × $160,000) + (10% × $120,000)
= (0.3 × $220,000) + (0.6 × $160,000) + (0.1 × $120,000)
= $66000 + $96000 + $12000
= $174000
Answer:
100%
Explanation:
Mark-up is the difference between selling price and cost price
Selling price =$99.00
Cost price = $49.50
Mark up = $99- 49.50
=$49.50
As a percentage
= $49.50/$49.50 x 100
= 1 x 100
= 100%
Answer:
Auditors Report
Explanation:
In the Auditor's report, the auditor expresses his level of satisfaction that whether or not the financial statement presented show the true and fair picture of the organization. The external auditor is also involved in the investigation of errors and frauds in the financial statements.
Inventoriable costs are often recorded as assets immediately they are incurred.
<h3>What is Inventoriable costs?</h3>
Inventoriable costs can be defined as those cost that has to do with the production of goods.
Inventoriable costs is an asset on the balance sheet based on the fact that the goods or product are often set ready in order to be sold at a specific period of time .
Examples of Inventoriable costs are:
- Direct labor
- Direct materials
Inconclusion Inventoriable costs are often recorded as assets immediately they are incurred.
Learn more about Inventoriable costs here:brainly.com/question/24868116