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Darya [45]
2 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]2 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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xenn [34]

Answer:

Location A is superior to up 40 units. From there Location B is better

Explanation:

Giving the following information:

Location A:

Fixed costs of $100,000

Variable costs of $13,000 per unit.

Location B:

Fixed costs of $300,000.

Variable costs of $8,000 per unit.

The finished items sell for $18,000 unit.

Contribution margin Location A= 18000-13000= 5,000

Contribution margin Location B= 18000 - 8000= 10,000

Income formula location A= 5000*Q - 100000

Income formula location B= 10000*Q- 300000

5000*Q - 100000= 10000*Q - 300000

200000= 5000Q

Q= 40 units

Location A is superior to up 40 units. From there Location B is better.

6 0
3 years ago
Luthan Company uses a predetermined overhead rate of $22.60 per direct labor-hour. This predetermined rate was based on a cost f
Anit [1.1K]

Answer:

$248,600

Explanation:

The computation of amount of manufacturing overhead is shown below:-

Amount of manufacturing overhead would have been applied = Predetermined overhead rate × Actual direct labor-hours

= $22.60 × 11,000

= $248,600

Therefore for computing the amount of manufacturing overhead we simply multiply the Predetermined overhead rate with Actual direct labor-hours

5 0
2 years ago
Assume that Verizon Communications, Inc. reports the following selected balance sheet and income statement information for 2012
GalinKa [24]

Answer:

TIE 6.26238

Explanation:

Times Interest Earned:

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EBIT = earnings before Interest and Taxes

\frac{13,652}{2,180} = 6.26238

4 0
3 years ago
A forensic psychiatrist is asked by a judge to evaluate several forensic patients to identify which ones might be best suited to
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Answer:

a.) psychiatric research

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A research based on psychology is carried out with the sole purpose of analyzing the behavior of an individual or a group of individuals, based on their overall experiences. In this case, the research is also based on analyzing patients to see who is the best fir to participate in a community service project

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3 years ago
Suppose that you are on a desert island and possess exactly 20 coconuts. Your neighbor, Friday, is a fisherman, and he is willin
Vlada [557]

Answer:

a) see attached image

b) Friday's slope = 1/2

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e) Kwame is willing to pay more fish per coconut

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3 years ago
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