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Rudiy27
3 years ago
13

What is the amount of cash April Wood Products received from customers during the reporting period if its sales were $42.5 milli

on? Prepare a summary entry that represents the net effect of the selling and collection activities during the reporting period.
Business
1 answer:
Lera25 [3.4K]3 years ago
7 0

Answer:

<u>$38.5 million</u>

Explanation:

Since the April Wood incoming transactions-accounts receivable increased by 4 million we obtain the cash value by substracting the question total accounts receivable value from the sales.

Where;

sales= $42.5 million

accounts receivable increase= $4 million

Amount of cash April Wood Products received from customers during the reporting period=

$42.5 million - $4 million= $38.5 million

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Arturiano [62]

Answer:

7 workers will be required

Explanation:

We will define actual time required to do a job

= Standard time required for producing each unit x Worker efficiency (%)/100

= 11.65 x 115/100

= 13.3975 minutes

Total available minutes in 4 days = 4 days x 8 hours/ day x 60 minutes / day = 1920 minutes

Therefore ,

Number of units which can be produced by 1 worker in 4 days = 1920 /13.3975

Number of units to be produced = 1000 units

Therefore,

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= Number of units to be produced / Number of units which can be produced by 1 worker in 4 days

= 1000 x ( 13.3975 /1920)

= 6.977 ( 7 rounded to nearest whole number )

8 0
3 years ago
The senior management at a leading global corporation has decided to promote a considerable number of its employees. Since its e
NeX [460]

Answer:

Option C; VIDEOCONFERENCING.

Explanation:

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Videoconferencing may be used to announce significant changes at a company, such as promotions or to present information in an interactive way that allows all participants to engage in discussion about what they see on screen.

Since the corporation's employees are spread all over the world and the senior management are keen on capturing and gauging the emotional joy and delight on the faces of those promoted, therefore, the most appropriate method in announcing the promotions would be VIDEOCONFERENCING.

7 0
3 years ago
On January 1, 2021, purchased $100,000 of Anand Company bonds at face value. The Anand bonds pay 6% coupon rate. On the purchase
Tpy6a [65]

Answer: $3,000

Explanation:

On June 30, 2021, Rupar would have held the bond for 6 months. The coupon rate is an annual figure and so must be translated to a semi annual figure.

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5 0
3 years ago
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alexandr402 [8]

Answer:

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1. The enterprise has minimum of two employees

2. The annual volume of sales is a minimum of $500,000

3. The enterprise can also be covered if it carries out activities such as providing medical care for its people, providing preschools or main (secondary or university) schools for children or the enterprise is an hospital. It is also covered if it is a public or government agency.  In order words <u>an activity or a public agency. </u>

6 0
3 years ago
Why must MPC + MPs always equal 1
AfilCa [17]

Marginal propensity to consume and marginal Propensity to save always equals to each other.you consume only from what you have saved

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