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sattari [20]
3 years ago
10

he following selected account balances appeared on the financial statements of Sanchez Company: Accounts Receivable, January 1 $

13,000 Accounts Receivable, December 31 9,000 Accounts Payable, January 1 4,000 Accounts Payable, December 31 7,000 Inventory, January 1 10,000 Inventory, December 31 15,000 Sales 62,000 Cost of Goods Sold 31,000 Sanchez Company uses the direct method to calculate net cash flow from operating activities. Cash received from customers is
Business
1 answer:
frez [133]3 years ago
4 0

Answer:

Cash received from customers is $66,000.

Explanation:

Cash Received from Customers is determined by opening a Total Accounts Receivables  T- Account as follows :

Total Accounts Receivables  T- Account

<u>Debit :</u>

Opening Balance                 $13,000

Sales                                    $62,000

Totals                                   $75,000

<u>Credit:</u>

Closing Balance                    $9,000

Cash <em>(Balancing figure)</em>      $66,000

Totals                                   $75,000

Conclusion:

Cash received from customers is  $66,000.

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<span>Lower price increases the real incomes of buyers, enabling them to purchase more.</span>
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3 years ago
Astin Company has current assets of $82,530, total assets of $242,050, total net income of $58,240, current liabilities of $72,1
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Answer:

a. 1.14

Explanation:

The current ratio is a financial measure that shows how many times the current assets of an entity may be used (covers) the current obligations (liabilities) of the entity.

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Astin Company’s current ratio

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This means that the current assets will settle the current liabilities 1.14 times.

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4 years ago
Which of the following is not a business management perspective that goes beyond the numbers to enable intelligent planning, con
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<h2>Lean Production Perspective</h2>

Explanation:

There are 6 Business management perspective. They are:

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Here the Lean production perspective does not come under the business management perspective.

Lean production actually deals with cutting down of waste and whilst ensuring quality. This approach is basically a cost-cutting approach where it brings benefit to the business. This is one of the most efficient methods.

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3 years ago
PLEASE HELP QUICK!! What type of strategy is being used by a car rental agency when it describes itself as the only rental compa
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There are different kinds of marketing strategy. Sales promotion is a type of strategy is being used by a car rental agency when it describes itself as the only rental company with a door-to-door service.

<h3>What is door-to-door promotion? </h3>
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<u>Answer:</u>

<em>Filmmakers want movie titles that are short, memorable, appealing to consumers, and without legal restriction to </em><u><em>appeal to multiple cultures </em></u>

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