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dybincka [34]
4 years ago
9

Assume that the beginning balances for the customer accounts were zero, except for Tillman Inc., which had a $590 beginning bala

nce. In addition, there were no collections during the period. a. Set up a T account for Accounts Receivable and T accounts for the four accounts needed in the customer ledger. b. Post to the T accounts. c. Determine the balance in the accounts. d. Prepare a listing of the accounts receivable customer balances as of May 31, 20Y3.
Business
1 answer:
bekas [8.4K]4 years ago
3 0

Answer:

Detailed balance sheet is attached .

Explanation:

Download docx
You might be interested in
A district sales manager conducts a quarterly business meeting in which she talks about ways of increasing sales in key markets
alexira [117]

Answer:

b. problem-solution

Explanation:

Based on the information provided within the question it can be said that the organizational pattern that the speaker is using is a problem-solution pattern. This pattern focuses on stating a problem and providing solutions to solve that problem. Which is what the speaker is doing by indirectly stating that sales are low in the key markets and then proceeds to talk about ways of increasing sales in those areas.

8 0
4 years ago
Luke heads the human resource department at a technology development company. There, he monitors trends of the labor markets wit
olasank [31]

Answer:

The correct answer would be, This scenario illustrates Luke's competency in Critical Evaluation.

Explanation:

When you critically evaluate a situation or scenario, and then make suggestions for that, it is called as Critical Evaluation. In this question, Luke monitors the trends of labor market in the industry and realizes the need of employees who must be skilled in Robotics. He realizes that his company is going to need Skilled employees in Robotics. He gathers information about the best robotic training programs in the region where the company operates. He then searched for best schools who provide training on such programs. He is basically critically evaluating the need of his business in the coming months or years and he is planning for that in advance by looking at all options and selecting the best before the need becomes serious. So Luke is using his Critical Evaluation Competency in this situation.

4 0
3 years ago
"1. AudioCables, Inc., is currently manufacturing an adapter that has a variable cost of $.50 per unit and a selling price of $1
pishuonlain [190]

Answer:

No.

Explanation:

Current profit of AudioCables, Inc without buying new equipment

Current Profit = Current sales volume * Selling price per unit - Fixed cost - Current sales volume * Variable cost per unit

= 30,000 * $1.00 - $14,000 - 30,000 * $0.50

= $30,000 - $14,000 - $15,000

= $1,000

So, the current profit of AudioCables, Inc., without buying new equipment is $1,000

Proposed profit of AudioCables, Inc after buying new equipment

Proposed Profit = Proposed sales volume * Selling price per unit – Fixed cost after buying new equipment - Proposed sales volume * Variable cost per unit after buying new equipment

= 50,000 * $1.00 - $20,000 – 50,000 * $0.60

= $50,000 - $20,000 - $30,000

= $0

So, the proposed profit of AudioCables, Inc., after buying new equipment is $0

Conclusion: As the profit of AudioCables, Inc., will reduce after buying new equipment from $1,000 to $0, therefore AudioCables should not buy the new equipment.

5 0
3 years ago
XYZ has 400,000 shares of common stock outstanding, a P/E ratio of 8, and $500,000 in net income. The board of directors has jus
alexira [117]

Answer:

$1,000

Explanation:

If total earnings are $500,000 and there are 400,000 shares, the original price per share is determined by:

P=\frac{P}{E}*E\\ P=8*\frac{\$500,000}{400,000} \\P=\$10\\

The value of your invest will be same before and after the split, what will change is the number of shares and their individual price.

If you owned 100 shares at $10 each, the value of your investment is:

I = \$10*100\\I=\$1,000

Total value of your investment will be $1,000.

4 0
3 years ago
Telecom Systems can issue debt yielding 5 percent. The company is in a 30 percent bracket. What is its aftertax cost of debt?
Alla [95]

Answer:

after-tax cost odf debt 0.035 = 3.5%

Explanation:

the debt provides a tax shield for companies, as the interest expense, decrease the net income. Interest decrease income and therefore, the tax income associate with the income.

So the cost of debt with taxes is lower, because it lower the income tax expense

<u>the formula will be:</u>

cost of debt ( 1 - tax-rate)

<u>in this case:</u>

0.05 ( 1 - 0.3) = 0.05 x 0.7 = 0.035

3 0
4 years ago
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