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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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Answer:

This is an example of multiple pricing.

Explanation:

Sometimes if you add all the extra charges, like shipping and handling, you might realize that the product being offered by the infomercial is actually more expensive than similar products that you can buy on retail stores or websites.

Infomercials do this on purpose, they use low selling prices as bait, but then they charge very high fees for processing your order and shipping it.

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3 years ago
Which type of company enjoys the benefit of passing along deductions and credits of the company on to partners to file on their
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Answer:

The correct answer is Limited Liability Partnerships.

Explanation:

A Limited Liability Company is a type of mercantile company, in which the liability is limited to the capital contributed, and therefore, in the event that debts are incurred, it does not respond with the personal assets of the partners, but to the one contributed in said Limited company. It presents as a capitalist-type society in which capital, which will be divided into social interests, will be integrated by the contributions of all partners, who will not respond personally to social debts.

Social ACTIONS are not equivalent to the actions of corporations, as there are legal obstacles to their transmission. In addition, they do not have a "value" character and cannot be represented by means of securities or account entries, and their transmission by means of the public document that will be registered in the partner register book is mandatory. It will be constituted in a public deed and subsequently in the registration of the commercial register, at which time it acquires legal personality.

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3 years ago
__________ is a type of segmentation in which the company strategically focuses on targeting a smaller market with particular ne
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niche marketing

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Niche marketing -

It refers to as one of the subset of the market , which focus on certain products , is referred to as niche marketing . It is also known as small market segment .

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It tries to support smaller companies in order to live with the highly competitive market .

Hence , from the given scenario of the question ,

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