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zepelin [54]
3 years ago
3

On october 1, the accounts receivable account balance was $115,800. during october, $449,600 was collected from customers on acc

ount. assuming the october 31 balance was $130,770 determine the fees billed to customers on account during october.
Business
1 answer:
Evgen [1.6K]3 years ago
6 0

<u>Calculation of fees billed to customers on account during October: </u>


The fees billed to customers on account can be calculated as follows:


Fees billed to customers on account = Ending Accounts receivable + Amount Collected from Customer - Beginning Accounts receivable

= 130770+449600-115800

=464570

Hence, the fees billed to customers on account during October is <u>$464,570</u>








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The statement of owner's equity begins with the beginning balance followed by a.adding net income less withdrawals b.adding inve
ddd [48]

Answer:

D. Adding investments plus net income less withdrawals.

Explanation:

This statement is generally used to show the owners capital at the beginning of an investment period which is seen or said to affect or changes in balance sheet at a section termed to be the equity section. It is said to reveal and let a shareholder know the additional and subtractional changes that happens/happened in the shareholders account.

In some certain business kind which ranges from a sole proprietorship type of business to the others, movement in capital occurs as a result of some elements.

Therefore it is seen that net income less withdrawals and also investment adding is been seen after an investors equity statement in the beginning of account balancing.

6 0
3 years ago
Which best describes the Business, Management, and Administration career cluster? These are careers that are focused on running
umka21 [38]

Answer:

These are careers that are focused on running businesses.

Explanation:

The business management and administration career cluster are careers that are focused on the running of businesses. What it does is to help students prepare for effective and good careers on the processes of running good and productive businesses. It has several career pathways to follow in achieving this.

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3 years ago
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A perfectly competitive firm will produce the quantity of output at which _______ = _______ to determine the profit maximizing o
pishuonlain [190]

Answer:

Price; marginal cost; cost minimizing; output; Cost of production or cost of inputs involved in production

Explanation:

In perfect competition a firm is in equilibrium when its marginal cost of production is equal to the price of its product. The firm will be able to maximize profit or minimize cost at this point.

The demand curve is a horizontal line, which means demand is perfectly elastic. A change in the price will cause the demand to become zero.

The cost mentioned here is the cost incurred to employ inputs in the process of production, which is an explicit cost.

7 0
3 years ago
Which banking-related entity shares similarities with the purpose and function of the ncua?
Igoryamba

The banking-related entity shares similarities with the purpose and function of the ncua is " Federal Credit Union".

<h3>What do you mean by NCUA?</h3>

The term NCUA is defined as the National Credit Union Administration. It was established on 10 March, 1970.

Moreover, NCUA insures credit union accounts. while the FDIC provides federal insurance for bank accounts.Both the Federal credit union and NCUA come with the same limits on insurance coverage.

Adding to it, the Credit unions were gaining popularity and popping up all over America, but it was only in the 1930s that the credit union movement achieved federal recognition and national acceptance.

Learn more about NCUA, refer to the link:

brainly.com/question/13703439

#SPJ4

6 0
1 year ago
Crawford Company started the year with $60,000 in its Common Stock account and a credit balance in Retained Earnings of $44,000.
umka2103 [35]

Answer:

b. $72,000

Explanation:

Retained EarningEnding Balance = Opening Balance of retained earning + net income - Dividend Declared

Retained EarningEnding Balance = $44,000 + $48,000 - $20,000

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The issue of common stock will not effect retained earning account balance It will be credited to common stock account and add-in-capital common stock account.

7 0
3 years ago
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