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castortr0y [4]
3 years ago
13

The balance in Accounts Receivable at the beginning of the period amounted to $2,100. During the period $6,500 of credit sales w

ere made to customers, and uncollectible accounts expense amounted to $410. The ending balance in Accounts Receivable is $1,100, and the ending balance in the uncollectibles allowance account is $600. The amount of cash inflow from customers that would appear in the operating section of the statement of cash flows is
Business
1 answer:
nordsb [41]3 years ago
7 0

Answer:

The amount of cash inflow from customers that would appear in the operating section of the statement of cash flows is $26400.

Explanation:

Cash flow from customers = Account receivable, beginning + Credit sales - Account receivable, ending

                                             = 2,100 + 6,500 - 1,100

                                             = $26400

Therefore, The amount of cash inflow from customers that would appear in the operating section of the statement of cash flows is $26400.

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What do you call that carbon copy paper where what you write on the top sheet transfers to the other sheets?
Minchanka [31]
That type of paper is called carbonless copy paper, or non-carbon copy paper, or NCR Paper (= no carbon required). 
You use it when you don't want to copy the same thing twice, or three times, or more, so you just take this paper, with some papers underneath it, and write on the first paper, and everything you write will be transferred onto those papers below it.
4 0
3 years ago
Complete the following sentence.
babunello [35]

Answer:

The answer is "Mission".

Explanation:

Vision is a dream. In fact, it is the dream of the founders of where the business will go and what it will do!

Mission is the foundation of realization of the Vision and afterwards the organizational strategies and objectives are created based on the mission.

having a realist and attainable mission is a must for an organization to thrive!

4 0
3 years ago
On July 1 the Fisher Shoe Store paid $24,000 to Acme Realty for 6 months rent beginning July 1. Prepaid Rent was increased for t
Papessa [141]

Answer:

Increase Rent Expense, $4,000; decrease Prepaid Rent, $4,000.

Explanation:

Since Fisher Shoe Store paid $24,000 to Acme Realty for 6 months rent beginning July 1, we will calculate monthly rent amount by:

24,000/6 = $4,000

Financial statements are prepared on July 31, so we will adjust the July rent in the adjusting entry.

We will debit the rent expense by $4,000 and credit the prepaid rent which is an asset to decrease it by an amount of $4,000.

4 0
3 years ago
While approaching a group of colleagues, Patrice overheard what she believed were inappropriate comments about another team memb
aivan3 [116]

Answer:

The question is incomplete, the options are missing. The options are the following:

a) Suggest to Patrice that spreading negative information learned from eavesdropping is not healthy for the workplace.

b) Thank Patrice for speaking up and forward the item to a neutral third party for handling.

c) Immediately fire the team members who made the comments.

d) Contact the team member who was the subject of the comments to see if he or she was offended.

e) Thank Patrice for her input, but based on the harmlessness of the situation, take no further action.

And the correct answer is the option B: Thank Patrice for speaking up and forward the item to a neutral third party for handling.

Explanation:

To begin with, these kind of situations are most common than expected in the workplace so that is why that nowadays exist a lot of seminars about certain subjects that involves the behavior in the organization and furthermore there is the regular action of the Human Resources Department that takes cares of all the penalties and the solutions when it comes to subjects regarding the employees of the business and their relationship both with each other and with the company. So the correct way to act in this scenario would be to thank Patrice and tell her that the manager would inform to the Human Resources Department about it, being this last one a third party in the situation itself.

6 0
3 years ago
The journal entry to record direct labor used in process costing is a(n): Multiple choice question. increase in assets and an in
amid [387]

Answer:

Increase In Assets and an increase in liabilities

Explanation:

DIRECT LABOUR can be seen or defined as the labour a person or an individual put in the production of goods and services in which they are been paid for as wages.

Therefore The journal entry to record DIRECT LABOR USED IN PROCESS COSTING is a(n):

INCREASE IN ASSETS and AN INCREASE IN LIABILITIES reason been that in direct labour used in process costing an increase in Asset will as well lead to Increase in Liabilities.

6 0
3 years ago
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