Answer:
See below
Explanation:
Per the above information,
Ending account receivable balance = Beginning account receivable + Credit sales - Collections - Written off amount
$93,000 = Beginning account receivable + $108,000 - $142,000 - $130
$93,000 = Beginning accounts receivable - $34,130
Beginning accounts receivable = $93,000 + $34,130 = $127,130
So, the beginning account receivable would be;
The ending accounts receivable is computed as;
= $930 ÷ 1%
= $93,000
Answer:
profit increase by 750 dollars
Explanation:
We must base our analisys considering only the loan board associated cost:
<em><u>contribution per long board:</u></em>
300 sales price - 225 variable cost = $75
total contribution for 250 units:
250x$75 = 18,750
<em><u>increase in fixed cost:</u></em>
69,000 - 51,000 = 18,000
incremental operating profit:
18,750 contribution - 18,000 fixed cost = 750
Answer:
<em>A mission statement is usually disseminated internally. While the company vision is future-focused, the mission combines forward thinking with present goals.</em>
Explanation:
1. Life is Good: To spread the power of optimism
2. Patagonia: Build the best product, cause no unnecessary harm, use business to inspire and implement solutions to the environmental crisis.
3. American Express: We work hard every day to make American Express the world's most respected service brand.
4. Warby Parker: To offer designer eye wear at a revolutionary price, while leading the way for socially-conscious businesses.
Answer:
RL intends to and has demonstrated the ability to refinance the short term liability on a long term basis.
Explanation:
First of all, RL intends to refinance the short term liability but has not completed the process yet. What it is showing in the balance sheet is that they have the intention to do it, and that they have already negotiated with their debtors the refinancing procedure, but the procedure is not over yet. Refinancing a debt sometimes may take a long time specially due to legal paperwork (e.g. register an asset as collateral), but RL is showing that the process has already been agreed upon with the creditors and all they need is time to finish it.
