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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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2. Select the correct sentence for errors in the preceding report. 1. Sales salaries, promotional expenses, corporate office ins
Sever21 [200]

Answer:

1

Explanation:

Manufacturing Overhead sometimes also referred as Factory Overhead includes only those costs which are directly traceable to the production of a product i-e, Direct labor and Material Costs.

5 0
3 years ago
Suppose a company earns a profit this year and has a dividend payout ratio of one half. What does this mean?
algol [13]

Answer:

C

Explanation:

The dividend payout ratio is the ratio of dividends paid to shareholders in proportion to net income

Payout ratio = dividends / net income

If dividend payout ratio of one half, it means that only half of net income is paid as dividends

7 0
3 years ago
Marigold’s Pest Control Products has the following information available: net income, $15800; cash provided by operations, $2170
tester [92]

Answer:

The Maigold's free cash flow can be calculated using the below formula:

Cash Provided by Operations-Capital expenditure-Dividends paid

Explanation:

Cash provided by operations   $21700

Capital expenditure                  ($10100)

Dividends paid                          ($3500)

Free cash flow of Maigold's     $8100

8 0
3 years ago
When the brazilian real changes from 1000 real per u. s. dollar to 1500 real per u. s. dollar, the real is?
Brrunno [24]

When the Brazilian Real changes from 1000 real per U. S. dollar to 1500 Real per U. S. dollar, the real is devalued.

If the Brazilian Real appreciates relative to the U.S.​ dollar, the number of reals furnished increases because the lower fee​ (in real) for U.S. goods induces Brazilians to shop for extra U.S. products.

If an international location's actual trade price is growing, its method of its of goods has become extra costly relative to its competitors. Growth within the actual alternate charge means humans in a country can get more foreign goods for an equal quantity of domestic goods.

While the dollar appreciates, exports lower because they may be now more pricey for foreigners to shop for and imports growth inflicting internet exports to decrease. When the dollar appreciates, exports lower because they're now greater high-priced for foreigners to shop for and imports grow to inflict net exports to decrease.

Learn more about trade here brainly.com/question/17727564

#SPJ4

4 0
2 years ago
--IMPORTANT--
lina2011 [118]

Answer:

See explanation

Explanation:

Some of the advantages and conveniences of buying internationally are as follows:

1. Revenues are expanding;

2. Competition among firms will be decreasing;

3. Diversifying the risk management;

4. Getting the chance to specialize (1);

The difference between buying a shirt made in Canada, but find the same one made in China is the availability of raw materials. The same raw materials can be found in various countries with the help of international trade. Transportation makes the difference either. The final difference is where you are staying. If you stay in Canada, you might get the Canadian shirt cheaper than the Chinese one. Again, if you stay in China, you might find the cheaper price in China. If you do not stay in both of the countries, it will be difficult to assume.

References:

1. Martinuzzi, B. (2018). What Are the Advantages of International Trade? Retrieved from https://www.americanexpress.com/en-us/business/trends-and-insights/articles/advantages-international-trade/

2. Herrera, S. (2018). International e-commerce: Advantages and disadvantages of marketplaces. Retrieved from https://www.handelskraft.com/2018/09/international-e-commerce-advantages-and-disadvantages-of-marketplaces-5-reading-tips/

5 0
3 years ago
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