Cash collections from clients at some point of the duration =beginning money owed receivable +internet credit income-ending accounts receivable = 1128000
= 125000+1216000-213000
= 1128000
Surely put, cash collection is the process of accumulating debts owed in your organization. these may be bills owed with the aid of a character or another business and might consist of each cutting-edge bill with an awesome balance and beyond-due money owed. you may additionally hear this referred to as payment collections.
Cash collection additionally referred to as charge collection, is a treasury characteristic that describes the method whereby an enterprise recovers coins from different groups (or individuals) to whom it has previously issued an invoice. the important thing objective of the coins series is to get invoices paid on their due date.
Cash collections typically come from one in every of two locations: coins income and collections on bills receivable. Use historical information and trends to estimate collections for every class and calculate the sum of the figures to locate general budgeted cash collections.
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If the demand for a consumer good decreases the demand for resources required to make the good will decrease.
A consumer is a person who orders, orders, or uses purchased goods, products, or services primarily for personal, social, family, household, and similar needs not directly related to an entrepreneurial or business activity. A person or group intended to
Consumers are defined as individuals or businesses that consume or use goods or services. A customer is a buyer in the economy who buys goods and services, and can exist as a consumer or as a sole customer.
A person who purchases a product or service for personal use rather than manufacturing or reselling it is called a consumer. A consumer is someone who decides whether to purchase an item in a store or who is influenced by advertising and marketing.
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<u>Answer:
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The cause & effect diagram is also known as the Ishikawa diagram is a TRUE statement.
<u>Explanation:
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- The Ishikawa diagram or the cause and effect diagram is also referred to as the fishbone diagram.
- This diagram is used to find the root cause of a problematic effect that has been or is being exhibited in the operations.
- The reason the diagram is also called a fishbone diagram is that the curves fluctuate so much that they appear like the skeleton of a fish.
Answer:
4. understated by $64000
Explanation:
Purchase cost increases the cost of goods sold and reduces profit before tax (PBT) income.
Similarly, closing inventory balance increases profits before tax income.
In the given case, purchase cost is understated by $40,000 less $4000 i.e $36000. This would overstate the profits by $ 36000. Whereas, omission of closing inventory from records of $100,000 would understate profits by $100,000.
Thus, the net effect of the two mentioned omissions and errors would lead to understated profits by $100,000 less $36000 i.e by $64,000.