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
yuradex [85]
4 years ago
9

Janice’s Dress Delivery operates a mail-order business that sells clothes designed for frequent travelers. It had sales of $560,

000 in December. Because Janice’s Dress Delivery is in the mail-order business, all sales are made on account. The company expects a 30 percent drop in sales for January. The balance in the Accounts Receivable account on December 31 was $96,400 and is budgeted to be $73,600 as of January 31. Janice’s Dress Delivery normally collects accounts receivable in the month following the month of sale. Required: Determine the amount of cash Janice’s Dress Delivery expects to collect from accounts receivable during January.
Business
1 answer:
Aneli [31]4 years ago
7 0

Answer:

$414,800

Explanation:

<em>First, calculate the sales revenue for January</em>

Sales Budget

December = $560,000

January = ($560,000 × 0.70) = $392,000

<em>Then, Prepare a Trade Receivables Schedule</em>

Cash Trade Receivables Schedule

                                                                        January

Balance b/d                                                     $96,400

Add Credit Sales                                          $392,000

Less Balance c/d                                           ($73,600)

Cash Received from Trade Receivables     $414,800

Therefore, Dress Delivery expects to collect $414,800 from accounts receivable.

You might be interested in
Nicole transferred a negotiable instrument to Andy. Andy later sues Nicole alleging a breach of presentation warranty. What coul
Gemiola [76]

Answer Not claiming the instrument hes sending

Explanation:

4 0
2 years ago
Jorge Company had the following transactions during 2017. • Sales of $4,500 on account • Collected $2,000 for services to be per
Dennis_Churaev [7]

Answer:

Ne Income 425

Explanation:

Revenue                 2000

Salaries                  1325

Travel expenses   250

Net Income           425

The cash basis is a method of recording accounting transactions for revenue and expenses only when the corresponding cash is received or payments are made

8 0
3 years ago
Crane Companyplanned to use 1 yard of plastic per unit budgeted at $91 a yard. However, the plastic actually cost $90 per yard.
salantis [7]

Answer:

$1300 U    

Explanation:

Budgeted cost of plastic per yard = $91

Actual cost of the plastic per yard = $90

Actual units made = 4100

Budgeted units to be made = 3300

Actual plastic used = 4160 yards

Now,

Materials quantity variance

= ( Budgeted material - Actual material ) × Actual cost

= ( 1 × 4100 - 4160 ) × $90

= -$5,400       [Here negative sign means unfavorable ]

Materials price variance = ( Budgeted cost - Actual cost ) × Actual units

= ( $91 - $90 ) × 4100

= $4100

Therefore,

Total material variance = $4,100 - $5,400  

= - $1,300

i.e $1300 U    

5 0
3 years ago
Which option in a webmail program allows you to type a new message? The option allows you to create a new message. NextReset
mixas84 [53]

Answer:

The "compose" or "draft" option allows you to type a new message.

3 0
3 years ago
Disney starts off its stars with Disney Channel shows, records them on the Disney-owned Hollywood Record label, plays the songs
aalyn [17]

Answer: Option (D)

Explanation:

Here, in this particular case we can state that the goal of these elements introduced by Disney is to evaluate the <em>top-of-mind awareness</em>. This concept is referred to as one of the most important element of consumer behavior and  marketing research. Disney uses this concept as a measure in order to known  how is the brand ranked in the minds of their customers.

3 0
3 years ago
Other questions:
  • Which of the following does not use excessive coordination or​ subordination?
    12·1 answer
  • A company has 40,000 shares of common stock outstanding. The stockholders' equity applicable to common shares is $470,000, and t
    10·1 answer
  • The permanent school fund is managed primarily by what entity?
    13·1 answer
  • Marilyn, Bob, and Carl all believe a certain defendant is probably guilty and should be sentenced. Individually their recommenda
    14·1 answer
  • Suppose you were asked to restock the shelves after a truck delivery and there was a lot of merchandise to put away
    15·2 answers
  • Owen Company makes a product that sells for $61 per unit. The company pays $37 per unit for the varlable costs of the product an
    14·1 answer
  • In markets where the government imposes an excise tax on unit sales, it also has a tendency to dabble with restrictions on adver
    5·1 answer
  • Use the following information of VPI Co. to prepare a statement of cash flows for the year ended December 31 using the indirect
    11·1 answer
  • Barry pays $200 per month for his insurance coverage, whether he uses it or not. This payment is called a ______.
    10·1 answer
  • GFB has created a socially conscious culture throughout the company. The first step GFB always follows in improving U.S. busines
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!