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The balance in Accounts Receivable at the beginning of the year amounted to $2,720. During the year, $9,120 of credit sales were

Novosadov [1.4K]

Answer:

$9340

Explanation:

The amount of cash received from customers to be shown under operating activities is computed using the below formula:

Cash from customers=credit sales+decrease in accounts receivable-uncollectible accounts expense

credit sales=$9,120

decrease in accounts receivable=$2,720-$1,760=$960

uncollectible accounts expense=$740

cash received from customers=$9,120+$960-$740

cash received from customers=$9340

7 0

3 years ago

In Python programming language, what is a function statement?

jekas [21]

Answer:

A function that will be executed

Explanation:

8 0

3 years ago

If the government changes taxes without changing government spending to eliminate the recessionary gap, will the minimum require

Shalnov [3]

Answer:

Explanation:

If the government changes taxes without changing government spending to eliminate the recessionary gap, will the minimum required change in taxes be greater than, smaller than, or equal to the minimum required change in government spending?

The minimum required change in taxes will be greater than that of the minimum required change in government spending

tax multiplier (mpc/mps = 0/8/0.2=0.4) is smaller than the government spending multiplier (1/mps= 1/.2=5) because of the initial increase in disposable income caused by the decrease in income tax will be saved rather than spent

3 0

3 years ago

High Plains Inc. manufacturers furniture in North Dakota. High Plains receives its wood from a lumber yard in Calgary. The lead

ArbitrLikvidat [17]

Answer:

a. On average, the number of boards they have on order = 1,056 boards.

b. On average, the number of boards they have =560 boards.

c. Total holding cost per week = $140.

d. Holding cost incurred per board = $ 0.25.

Explanation:

In the question, the details given are:

Service level =96 %

Lead time =3 weeks

Weekly demand =150

Standard deviation=200

This is a case of variable demand and constant lead time

a. Reorder point =Demand during lead time +Safety stock

=Average weekly demand*lead time+z*sqrt(lead time)*standard deviation of weekly demand

=150*3+NORMSINV(0.99)*sqrt(3)*200

=450+1.7507*sqrt(3)*200

=450+606.46=1,056.46

=1,056 (nearest whole number).

On average, the number of boards they have on order = 1,056 boards.

b. For a normal distribution,

z=x-mean/std deviation

z-value for a 96% confidence level = 2.05

2.05=x-150/200

x = 150+2.05*200=560

On average, the number of boards they have =560 boards.

c.Total holding cost per week=Average inventory *holding cost per week=560/2 *0.5=280*0.5 =$140

d.Holding cost incurred per board =Total holding cost /Number of boards =140/560 = $ 0.25.

5 0

3 years ago

Which of the following costs are not inventoriable? A : buying costs of a purchasing department B : selling costs of a sales dep

Drupady [299]

Answer:

B) Selling costs of a sales department are not inventoriable

Explanation:

The inventoriable price is the cost from the provider in addition to all costs essential to get the thing into stock and prepared available to be purchased, for example, cargo in. For a maker, the item expenses incorporate direct material, direct work, and the assembling overhead (fixed and variable).

Inventoriable costs once in a while fluctuate, starting with one industry then onto the next, and they additionally vary, starting with one provider then onto the future down the store network.

7 0

3 years ago