Answer:
The average collection period for accounts receivable in 9. 1 or 9 days
Explanation:
The average collection period for accounts receivable in days is computed as using the formula:
Average collection period for accounts receivable = 365 / Accounts Receivable Turnover Ratio
Computing Accounts Receivable Turnover Ratio as:
Accounts Receivable Turnover Ratio = Net Sales / Average Net Accounts Receivable
where
Net sales is $500,000
Average Net Accounts Receivable is as:
Average Net Accounts Receivable = Beginning Accounts Receivable + Ending Accounts Receivable / 2
= $10,000 + $15,000 / 2
= $25,000 / 2
= $12,500
Putting the values above:
= 500,000/12,500
Accounts Receivable Turnover Ratio = 40
Now, putting the values above in the formula of Average collection period of Accounts Receivable:
= 365 / 40
Average collection period of Accounts Receivable = 9.1 days or 9 days
Answer:
c. an SEC statement expressing an opinion.
Explanation:
The corporation's annual report usually called the Annual financial statements usually contains management discussion and analysis, the various statements of account such as balance sheet, profit or loss, changes in equity, cash flow statements and their accompanying notes.
From the options given, the only option not shown in the report is an SEC statement expressing an opinion.
Option c is right.
It is D. There are 12 months in a year and she needs to save atleast 9,000.
600x12=7,200
350x24=8,400
225x36=8,100
200x48=9,600
I think the answer is what and for whom.
In order to produce deals, there are 2 components need to be considered by every companies. The suitable product to sell (which answer the 'what' part of the economic question) and other parties that are willing to buy the product that they sell (which answer the 'for whom' part of the economic question)
Answer:
$2575
Explanation:
Total variable overhead estimated=(6*31,500)= $189,000
Hence total overhead estimated=Total variable overhead estimated+Total fixed overhead estimated = $189,000 + $220,500 = $409,500
Hence, predetermined overhead rate = $409,500 / 31,500 = $13 per machine hour
Hence, total overhead applied=(13*400) = $520
Hence, total job cost=Direct material+Direct labor+Total overhead = $685 + $1,370 + $520 = $2575
