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
soldier1979 [14.2K]
3 years ago
9

Breakwater Aquatics has a 45 day accounts receivable period. The estimated quarterly sales for this year, starting with the firs

t quarter, are $6,800, $7,100, $8,200, and $6,400, respectively. What is the accounts receivable balance at the beginning of the third quarter?
Business
1 answer:
LenaWriter [7]3 years ago
5 0

Answer:

The accounts receivable balance at the beginning of the third quarter is $3,550

Explanation:

For computing the account receivable balance, first, we have to compute the credit sale per day, and then multiply with the number of days

In mathematically,  

Credit sale per day = (Estimated second Quarter Sales) ÷ (accounts receivable period up to second quarter)

= $7,100 ÷ 90 days

= 78.89

Now the account receivable balance equals to

= Credit sales per day × accounts receivable period

= 78.89 days × 45 days

= $3550

Since the question is asking about the beginning of the third quarter so we considered second quarter sales

You might be interested in
In order to price discriminate, a firm must
Andreyy89

Answer:

A. have permission from the government.

B. face a downward-sloping demand curve.

C. set price equal to marginal cost.

D. be sure the price-marginal cost ratio is the same for all its submarkets.

Explanation:

8 0
3 years ago
What aspects of managing your account were probably more difficult before online banking was available?
sveticcg [70]

Answer:

One of the main advantages of online banking is that you can access information about your account immediately and from anywhere. Before online accounts were available, you had to go to a bank or ATM on some specific cases if you wanted to carry out any type of transaction, e.g. pay a service or transfer money. Online accounts make it less likely for a person to go to a bank, e.g. in order to get a loan, I did it all online, I didn't even need to go to the bank.

5 0
3 years ago
Free cash flow describes the net cash provided by operating activities after adjusting for A : current liabilities. B : both cap
Nikolay [14]

Answer:

The answer is B, both capital expenditure and dividends paid.

Explanation:

In the Statement os Cash Flow, cash provided by operating activities fails to take into account that a company must invest in a new property, plant, and equipment and must maintain dividends at current levels to satisfy investors.

Free cash flow describer the net cash provided by operating activities after adjusting for capital expenditures and dividens paid.

7 0
3 years ago
Luke is a student. Arrange the career planning steps that he should follow In sequence.
irina1246 [14]

hey you I am coll coolcolli am a hacker in free fire

8 0
3 years ago
Vivian worked as a manager at her company. She was asked to order a few cars that would be used by company employees. Which best
Arada [10]

To ensure that her company is being socially responsible, Vivian should ensure that the cars are environmentally friendly. Being socially responsible means you do what is best for planet, people, and profits. In this case, taking care of the planet means choosing the car that is the most environmentally friendly.

3 0
3 years ago
Other questions:
  • Stephen runs a pet salon. He is currently grooming 120 dogs per week. If instead of grooming 120 dogs, he grooms 121 dogs, he wi
    11·1 answer
  • Robert hitchcock is 40 years old today and he wishes to accumulate $500,000 by his 65th birthday so he can retire to his summer
    15·1 answer
  • Problem 3.10 Net Present Value. Assume that your firm wants to choose between two project options: Project A: $500,000 invested
    5·1 answer
  • ​Nathan's budget line measures tacos on the x​-axis and side salads on the y​-axis. When the price of a taco​ rises, Nathan's bu
    12·1 answer
  • Until the 2003 playoffs, NBA had used a best-of-five format for the first-round series, that is, the series would end as soon as
    12·1 answer
  • The accounts payable account is listed in the chart of accounts as an asset.<br> True<br> False
    10·1 answer
  • ________ occurs when production is in accordance with consumer preferences.
    13·1 answer
  • Im unable to add more comments come here to chat now
    14·2 answers
  • Company officers will have direct involvement with their assigned personnel and should have knowledge of organizational policies
    12·1 answer
  • The major activity in strategic planning is the analyses of a business​ __________.
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!