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Darya [45]
3 years ago
8

On October 1, the accounts receivable account balance was $115,020. During October, $449,350 was collected from customers on acc

ount. Assuming the October 31 balance was $130,050 determine the fees billed to customers on account during October.
Business
1 answer:
natita [175]3 years ago
6 0

Answer:

$464,380

Explanation:

The fees billed to customer during the month of the October can be determined using the following formula:

Fees billed to customer=Closing balance of accounts receivables+amount collected from customers-opening balance of accounts receivables

In this question:

closing balance of accounts receivables=$130,050

amount collected from customers=$449,350

opening balance of accounts receivables= $115,020

Fees billed to customers=$130,050+$449,350-$115,020=$464,380

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Lady_Fox [76]

Answer and Explanation:

The computation of the margin of safety is shown below:

As we know that

margin of safety = Actual sales - break even sales

For Jakarta, it is

= $500,000 - ($80,000 ÷ 0.40)

= $500,000 - $200,000

= $300,000

And, for maldives, it is

= $6,620,000 - ($2,151,500 ÷ 50%)

= $2,317,000

7 0
3 years ago
Question: According to a Honda press release on October 23, 2006, sales of the fuel-efficient four-cylinder Honda Civic rose by
ELEN [110]
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Explanation:

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8 0
3 years ago
Gritz-Charlston is a 300-unit luxury hotel. All rooms are occupied when the hotel charges $80 per day for a room. For every incr
ki77a [65]

Answer:

The hotel should charge $201 per day in order to maximize profit

Explanation:

According to the given data we have the following:

The number of occupied rooms is 300-x, and x vacant rooms.

Hence, The revenue R(x) = (300-x) * ($80 + x), the number of occupiedrooms times the charge per room.

The cost C(x) = (300-x) * $22.

Therefore, The profit P(x) = R(x)-C(x) = (300-x) (58 + x) = 17400 + 242 x -x^2.

P'(x) = 242 - 2x.

Critical point: x= 121.

So Charge = $80 + x = $80 + $121 = $201

The hotel should charge $201 per day in order to maximize profit

6 0
4 years ago
Madison has been assigned to work on the development of a budget that plans future investments in major assets such as buildings
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3 years ago
Read the scenario carefully and provide your response regarding the organizational structure and culture in the fictional organi
Archy [21]

Answer:

The response to the given question can be defined as follows:

Explanation:

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  • Email the staff and express your view.
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It ensures the restoration of the inclusive community, as well as the manner of work and objectives, are altered still.

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