Answer:
How often, on average, receivables are received and collected during the period
Explanation:
An account receivable is an accounting entry that measures the amount which a firm or organization will receive soon that is not paid yet by the customers. Likewise, account receivable turnover measures the average amount received and collected in a particular period. It helps to understand the average receivable amount and what must be changed to improve it.
Answer: Mercantilism is an economic practice by which governments used their economies to augment state power at the expense of other countries. Governments sought to ensure that exports exceeded imports and to accumulate wealth in the form of bullion (mostly gold and silver).
Explanation:
Answer:
I believe that Barry went for his dreams to be a Police Officer even though he was a smaller bee he still went for his dreams no matter how much someone told him he couldn't do it. To achieve my career goal I would do what I want to do and not let anyone tell me I can not do it.
Explanation:
Answer:
Land $30,000
building $240,000
Equipment $30,000
To Cash $300,000
(Being the lump sum purchase is recorded)
Explanation:
For journalizing the lump sum purchase entry first we need to compute the allocated cost assigned to each asset which is shown below
(A) (B) (A × B)
Asset Market value Percentage of total value Purchase price Assigned value
Land $33,000 10% $300,000 $30,000
Building $264,000 80% $300,000 $240,000
Equipment $33,000 10% $300,000 $30,000
Total value $330,000
Now the journal entry is
Land $30,000
building $240,000
Equipment $30,000
To Cash $300,000
(Being the lump sum purchase is recorded)
We simply debited the assets as it increased the asset account and at the same time the cash is paid so it decreased the asset account
Answer:
This is a good example of Normal conditions not applying.
Explanation:
Estimates are supposed to be based on normal conditions. Although, this is a good starting point, it seldomly holds true in real life. Therefore, refining estimates is necessary in handling resource shortages such as in the form of people, equipment, or materials can extend original estimates. This is a good example of Normal conditions not applying.
