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
julsineya [31]
3 years ago
11

The financial statements of Beige Inc. shows a beginning balance of accounts receivable of $5,000 and a closing balance of accou

nts receivable of $8,000. Which of the following can be inferred from this observation?
Business
1 answer:
s2008m [1.1K]3 years ago
5 0

Answer:

an increase of $3,000 in accounts receivable

Explanation:

An account receivable is an asset. It is when a company is expecting to receive money for goods it has provided or services it has rendered.

The accounting convention of realization and matching allow for the business entity to record this receivable in its books in the particular year it has occurred whether it has received the money or not as long as risk and reward has been exchanged and there is a reliable measurement for the amount to be received or exchanged.

In the question above, the company started the year with $5000 it is expecting to receive from customers and at the end of the year, it had $8,000 it was expecting to receive from customers. This means that in the course of the year, this particular entity has sold more goods on credit, thus having more receivables from its customers.

It is also possible that the company needs to work on its receivables policy.

I hope this explanations helps you understand everything around receivables accounting.

You might be interested in
Suppose Megan is considering emigrating from her home country.
Evgen [1.6K]

Answer:

a. emigrate

b. more

Explanation:

Immigration attractiveness is a factor that draws immigrants to a foreign country.  A country becomes more attractive when the economic prospects are brighter than at the home-country.  The degree of immigration law enforcement also helps to either attract or deter potential migrants.  In recent years, wars and misgovernment have propelled millions to move boundaries.  At the same time, countries are imposing migration restrictions by imposing and implementing strict laws.

5 0
2 years ago
Franklin, an employee of XYZ Publishing Company, hired Torrez, a freelance artist, to design the cover of a book, written by Che
MArishka [77]

Answer:

XYZ Publishing Company is the owner of the cover design.

Explanation:

When a business or even an individual hires someone to work for a specific job, the outcome of that job belongs to the employer.

For example, if I hire a carpenter and ask him to manufacture a specific type of chair that I like. Even f the carpenter contributed to the design of the chair, the chair and its design belong to me since I paid for it. Even if for some reason a lot of people like my chars and they ask the carpenter to manufacture more chairs, he would need my authorization to do it.

4 0
2 years ago
What is meant by organ growth?​
yawa3891 [41]
An organ grew, probably I think
6 0
2 years ago
at the marriage of her daughter, lorna is given papers to sign, which the catering company says are the invoices for the food, s
vampirchik [111]

The wedding ceremony planner invoice is a consignment that details a service price and provides an amount of time in which price should be sent.

This invoice is given to consumers after formally asking for the planner's knowledge regarding wedding ceremony preparation.

<h3>What is consignment with example?</h3>

An consignment is an itemized commercial file that records the products or offerings delivered to the customer, the complete quantity due, and the favored payment method. The vendor can send both paper or electronic invoices to the customer.

<h3>Does invoice suggest paid?</h3>

An bill is a demand for price (delivered both electronically or physically) that is sent with the aid of the vendor after the sale of goods/services has been completed, however earlier than price has been made. In essence, invoices are used to make certain that your business receives paid.

Learn more about invoices for the wedding. here:

<h3>brainly.com/question/24086159</h3><h3>#SPJ4</h3>
7 0
1 year ago
Following is the information about Eclypso Company's two products: Product X Product Y Unit selling price $10.00 $10.00 Unit var
xz_007 [3.2K]

Answer:

50,000  units are required to break even

Explanation:

Eclypso Company

                                        Product X        Product Y

Unit selling price               $10.00               $10.00

Less

Unit variable costs:

Manufacturing                     $ 6.00            $ 7.00

Selling                                   1.00                 1.00

Total variable costs              $ 7.00            $ 8.00

Contribution Margin per unit  3                   2          

Monthly fixed costs are as follows:

Manufacturing                               $ 90,000

Selling and administrative             50,000

Total fixed costs                           $140,000

Weighted Contribution Margin per unit =  ($3 *  80% + $ 2 * 20%)= 2.4+ 0.4=              

                                                                                $ 2.8

Combined Break Even Volume = Fixed Costs/ Weighted Contribution Margin Per unit

Combined Break Even Volume = $ 140,000/ 2.8=50,000

5 0
3 years ago
Other questions:
  • During 2016, Abbott Laboratories decreased its discount rate used to calculate pension obligation from 4.3% to 3.8%. The effect
    6·1 answer
  • Canterbury Co. issues a discounted, non-interest-bearing note in exchange for borrowed funds. Choose whether the cash received w
    6·1 answer
  • H&amp;R Block launched a $100 million marketing campaign to parlay the company's intimate knowledge of 20 million customers' fin
    8·1 answer
  • The following information was extracted from the 2020 financial statements of Max Company: Income from continuing operations bef
    15·1 answer
  • Andy works at AZ Corporation. He has been working very hard and feels he deserves a pay hike. He wants to seek a meeting with An
    10·1 answer
  • America First Electronics Inc. (AFE) is preparing to launch a set of new-to-the-world medical devices that are based on the same
    7·1 answer
  • Question 7 of 10
    14·2 answers
  • Chaikin Money Flow is calculated by summing the ADs over the past _____ days and dividing that sum by the total volume over the
    11·1 answer
  • The theory of comparative advantage shows that the gains from international trade do not just result from the absolute advantage
    8·1 answer
  • Hi guys, i need urgently some help with this question
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!