1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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.

You might be interested in
A property is being appraised using the gross rent multiplier. A comparable property that rents for $150 per month recently sold
Helga [31]

Answer:

The sales price of the appraised property is $26,400

Explanation:

The sales price of of the appraised property can be expressed as;

SA=(A/C)×SC

where;

SA=selling price of the appraised property

A=appraised rent per month

C=comparable rent per month

SC=selling price of the comparable property

In our case;

SA=unknown

A=$165 per month

C=$150 per month

SC=$24,000

replacing;

SA=(165/150)×24,000=$26,400

The sales price of the appraised property is $26,400

3 0
3 years ago
Amber's employer, Lavender, Inc., has a § 401(k) plan that permits salary deferral elections by its employees. Amber's salary is
Mila [183]

Answer:

For 2019, the maximum amount that any individual can elect for salary deferral treatment on a 401k distribution is the lesser between: 100% of their salary or $19,000.

in this case, Amber earns much more than $19,000, so the lesser amount would be $19,000.

If Amber contributes more than $19,000 to her 401k account, then she would have to pay taxes for the extra amount contributed.

3 0
3 years ago
Who became the first female ceo of a fortune 500 company?.
kap26 [50]

Answer:

Katharine Graham

Explanation:

Brainliest pls :3

5 0
2 years ago
Costs being equal, when a firm has a higher value gap than its competitor, it can be inferred that the firm:
Ronch [10]
Can charge a premium price for its items or goods and also for administrations charges usually termed as services .   
Since clients need to see items as being justified regardless of the higher sticker price, a business must endeavor to make an esteem observation. Alongside making an excellent item, proprietors ought to guarantee their showcasing endeavors, the item's bundling and the store's stylistic theme all join to help the superior cost.
6 0
3 years ago
ou believe that you can earn 2% more on your portfolio if you engage in full-time stock research. However, the additional tradin
oksian1 [2.3K]

Answer:

C. $12,000

Explanation:

additional earnigns for active management:

800,000 x 0.02% = 16,000

<em><u>expected  </u></em>active management cost:

800,000 x 0.5% = 4,000

net gain: 12,000

At most, we can spend 12,000 dollars.

Up to this point, the expense are cover by the additional return. bove this threshold the fund will incur in losses from the active management

8 0
3 years ago
Other questions:
  • Jim says, "I think it's a little like when you have a cold or the flu. You don't need to see a doctor. In time, your body heals
    5·1 answer
  • Mandy has been temporarily laid off during a recession comma but expects to be rehired when business picks up.mandy has been tem
    12·1 answer
  • Cory opens a small jewelry store but has difficulty competing with Bling Jewels, a much larger firm. In his newspaper ad, Cory i
    11·1 answer
  • Type the correct answer in the box. Spell all words correctly. Henry works at a newspaper agency. Here, he works with the editor
    8·1 answer
  • If the economy booms, RTF, Inc., stock is expected to return 9 percent. If the economy goes into a recessionary period, then RTF
    15·1 answer
  • Super Saver Groceries purchased store equipment for $25,000. Super Saver estimates that at the end of its 10-year service life,
    7·1 answer
  • Uming a 360-day year, when a $15,217, 90-day, 12% interest-bearing note payable matures, total payme
    13·1 answer
  • Expenses that support the overall operations of a business and include the expenses relating to accounting, human resource manag
    7·1 answer
  • Assume that it is January 1, 2019, and that the Mendoza Company is considering the replacement of a machine that has been used f
    10·1 answer
  • Excel SIM: High-Low Method; Contribution Format Income Statement Analyze a mixed cost using a scattergraph plot and the high-low
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!