1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
rosijanka [135]
2 years ago
15

Partial balance sheets and additional information are listed below for Funk Company. Funk Company Partial Balance Sheets as of D

ecember 31 2021 2020 Assets Cash $ 39,000 $ 19,500 Accounts receivable 93,500 89,600 Inventory 24,500 39,000 Liabilities Accounts payable $ 57,500 $ 71,000 Additional information for 2021: Net income was $169,000. Depreciation expense was $29,000. Sales totaled $790,000. Cost of goods sold totaled $324,000. Required: Prepare the summary entry for the amount of cash received from customers during 2021. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) g
Business
1 answer:
mart [117]2 years ago
5 0

Answer:

$786,100

Explanation:

Funk Company

Accounts receivable $93,500 -$ 89,600

=$3,900

Sales totaled $790,000 - $3,900

=$786,100

Hence;

Cash (received from customers)$786,100

Add Accounts receivable $3,900

Sales revenue $790,000

Therefore the amount of cash received from customers during 2021 will be $786,100

You might be interested in
Gilbert would like to foster goal commitment in his department. He decides to do this by encouraging the collaboration of employ
lawyer [7]

Answer: Participation strategy  

 

Explanation: Participation strategy refers to the strategy in which the management tries to make all the individuals in a group to collectively work for the accomplishment of a goal. It refers to associate the workers in an objective to give them a sense of superiority and belongingness towards that goal.

In the given case, Gilbert is trying to make the employees to fell the awareness towards the project by taking their ideas ans suggestions into consideration.

Hence from the above we can conclude that the correct option is E.

 

7 0
3 years ago
Read 2 more answers
Nancy and Betty enter into a partnership agreement where they decide to share profits according to the following rules: Nancy an
Margaret [11]
From the first condition, Nancy already has $1,300. From the second condition, Nancy will also receive 10% of her capital balance which is 10% of $100,000 or $10,000. In total, Nancy has a share of $11,300. So, Betty's share is the remaining amount from the $40,000 net income which is
$28,700
5 0
3 years ago
Ramos Company has the following unit costs: Variable manufacturing overhead$15 Direct materials 13 Direct labor 17 Fixed manufac
zhannawk [14.2K]

Answer:

Unitary cost= $56

Explanation:

Giving the following information:

Variable manufacturing overhead $15

Direct materials $13

Direct labor $17

Fixed manufacturing overhead $12

Fixed marketing and administrative $11

Under absorption costing, the fixed overhead is allocated to the product cost:

Unitary cost= direct material + direct labor + variable overhead + fixed overhead

Unitary cost= 13 + 17 + 15 + 11= $56

3 0
2 years ago
Scope creep refers to: a. a task at the lowest level of the WBS. b. the approved project scope statement and its associated WBS.
gogolik [260]

Answer:

The Answer is d. the tendency for project scope to keep getting bigger and bigger.

Explanation:

A scope  refers to all the work involved in creating the products of the project and the processes used to create them.

A scope creep refers to changes, continuous or uncontrolled growth in a project's scope, at any point after the project begins. This can occur when the scope of a project is not properly defined, documented, or controlled.

Hence the answer is d. the tendency for project scope to keep getting bigger and bigger.

6 0
3 years ago
How do basic level occupation help society​
wel

Answer:

A job, employment, work or occupation, is a person's role in society. More specifically, a job is an activity, often regular and often performed in exchange for payment ("for a living"). Many people have multiple jobs (e.g., parent, homemaker, and employee). A person can begin a job by becoming an employee, volunteering, starting a business, or becoming a parent. The duration of a job may range from temporary (e.g., hourly odd jobs) to a lifetime (e.g., judges).

6 0
3 years ago
Other questions:
  • You plan to invest $2,500 in a money market account which will pay an annual stated interest rate of 8.75 percent, but which com
    6·1 answer
  • An increase in the money supply might indicate that the Fed had
    11·1 answer
  • Bonita Company assigns overhead based on machine hours. The Milling Department logs 2350 machine hours and Cutting Department sh
    11·1 answer
  • Complete the sentences on the role of government in promoting economic growth.
    8·1 answer
  • If your content is focused on the different solutions to your buyer persona’s problem, where would that content fit into the buy
    10·1 answer
  • Pricing objectives refer to :A. reconciling the prices charged by an organization to the values set forth in its business missio
    8·1 answer
  • Which e-commerce business model used in procurement and sourcing has a seller-operated service that consists of a number of elec
    8·1 answer
  • often the most difficult part of computing accurate unit costs is determining the proper amount of _________ to assign to each p
    8·1 answer
  • Vernon Bicycle Manufacturing Company currently produces the handlebars used in manufacturing its bicycles, which are high-qualit
    9·1 answer
  • List four factors that likely contributed to the number of workers in the u. s. labor market belonging to unions declining so dr
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!