Answer:
$218,000
Explanation:
Account receivable balance = Credit sales - Cash collection - Wrote-offs
Account receivable balance = $2,200,000 - $1,950,000 - $32,000
Account receivable balance = $218,000
So, the accounts receivable balance would Dinty report in its first year-end balance sheet is $218,000
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Answer:
Fluctuating demand
Explanation:
Fluctuating demand is when demand for a good or service changes over time.
fluctuating demand can be caused by :
1. Seasons: some goods are demanded more in some seasons.
2. Taxes : The higher the tax on a product, the lower the quantity demanded.
3. Price of the good
I hope my answer helps you
You can find the answer on journalofaccoutancy.com
Please I’m in need of brainiest
Answer:
Specific Identification
Cost of goods sold = $8,596
Closing Inventory = $1,406
Explanation:
COGS
01 Jan 57 *44 = $2,508
05 May 82*43=$3,526
03 Nov 61 * 42 = $2,562
Total =$8,596
Closing Inventory
05 May 20*43=$860
03 Nov 13*42=$546
Total = $1,406