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3 years ago

The following selected account balances appeared on the financial statements of Washington Company:

Business

1 answer:

torisob [31]3 years ago

5 0

Answer:

The net Cash collections from customers were $85683.

Explanation:

The direct method for calculating net cash flow involves deducting from cash sales only operating expenses that needed cash.

Cash collections from customers by Washington company are:

Accounts Receivable, January 1 + Sales - Accounts Receivable, December 31

=$16,099 + $76,821 - $7,237

=$92,920-$7,237

=$85683

The net Cash collections from customers were $85683.

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koban [17]

Answer:

Businesses that rely on a physical infrastructure.

Explanation:

e-commerce is a short for electronic commerce and it can be defined as a marketing strategy that deals with meeting the needs of consumers, by selling products or services to the consumers over the internet.

This ultimately implies that, e-commerce is strictly based on the buying and selling of goods or services electronically, over the internet or through a digital platform. Also, the payment for such goods or services are typically done over the internet such as online payment services.

In view of the above details, businesses that rely on a physical infrastructure poses the highest degree of difficulty in e-commerce because it's only dependent online retailing.

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3 years ago

True or false: Place is what a customer must give up in order to receive the benefits offered by the rest of a firm's marketing

valina [46]

The statement "Place is what a customer must give up in order to receive the benefits" is: False.

<h3>What is Marketing mix?</h3>

Marketing mix is a marketing strategy and can be defined as those instrument that a company or an organization make use of so as to acheive their marketing aims and objective.

The statement is False because customers have to give up price so as to make it possible for them receive the benefits offered by the rest of a firm's marketing mix.

Therefore the statement is false.

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2 years ago

your client, age 65, has a gross estate valued at $300,000. his wife, age 58, has a gross estate valued at $150,000 and is finan

Svetradugi [14.3K]

The mostly appropriate option that would be useful for the clients objectives would be combination A-B-C (power of appointment, family bypass, and QTIP) trust arrangement.

<h3>What is meant by the beneficiaries of a property?</h3>

This is the term that is used to refer to the person that would be the ones that would takeover the ownership of a particular property when the owner of the property passes or when the owner intends to give it off.

Given that the intention of the man is to leave the property to the wife what would be done would be combination A-B-C (power of appointment, family bypass, and QTIP) trust arrangement.

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complete question

Which one of the following transfers is most appropriate for achieving the client's objectives?

A) combination A-B-C (power of appointment, family bypass, and QTIP) trust arrangement

B) outright transfer of the entire estate into a power of appointment trust

C) outright gift of two-thirds of the estate to his current wife, with the remainder passing to the teenage children in a nonmarital trust

D) family bypass trust equal to the applicable exclusion amount for the teenage children, with the remainder in a marital trust for his current wife

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1 year ago

Which of the following statements regarding cash equivalents is INCORRECT? A. Most companies include additional information abo

zhannawk [14.2K]

Answer:

B. Because cash equivalents are less liquid than cash, they must be reported separately from the Cash account

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These cash equivalents are short-term, highly liquid investments with a maturity date that was 3 months or less at the time of purchase.

In other words, there is very little risk of collecting the full amount being reported.

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3 years ago

Fill in the blank question. A product has a selling price of $10 per unit, variable expenses of $6 per unit and total fixed cost

Trava [24]

The net operating income is $5,000.

<h3>What is the net operating income?</h3>

The net operating income is total revenue less direct and indirect expenses.

The net operating income = total revenue - variable expenses - fixed costs.

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(10,000 x $10) - (10,000 x $6) - $35,000

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2 years ago