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melisa1 [442]
3 years ago
9

Solve for the missing amounts in the T-account given below. Assume that there is only one debit entry and one credit entry in th

e account during the month.a. Accounts Payable had a balance of $9,000 at the beginning of the month and $10,200 at the end of the month. During the month, purchases on account amounted to $18,300. Calculate the payments to suppliers during the month.b. Accounts Receivable had a balance of $10,700 at the beginning of the month and $9,900 at the end of the month. Cash collected from customers totaled $38,000 during the month. Calculate credit sales during the month, assuming that all sales were made on account.

Business
1 answer:
serg [7]3 years ago
8 0

Answer:

Payment to suppliers was $ 17,100

Credit sales was $37,200

Explanation:

Please refer to the attached for working.

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Business ethics: Results in a set of correct decisions made by a company Refers to a standard of business conduct Can improve bu
Firlakuza [10]

Answer:

The answer is: Refers to a standard of business conduct and can improve business decisions

Explanation:

Business ethics are the moral principles and values that guide how a company behaves. It´s a way for distinguishing if something is right or wrong.

Since any business is part of a community (or several communities in case of big corporations) its decisions are judged by the community. Customers don´t tolerate flagrant unethical business behavior, no matter what excuse.

Customers like businesses that show ethical values. That is why some corporations try to present themselves as ecological or caring about their community.  

7 0
3 years ago
The analytical tool designed to
sergiy2304 [10]

Answer:

In his traditional role Finance

Manager is responsible for

Select one:

a

Running the business smoothly

b

Proper utilisation of the funds

c

Arranmgement of financial

resources

d

Efficient management of cash

Explanation:

In his traditional role Finance

Manager is responsible for

Select one:

a

Running the business smoothly

b

Proper utilisation of the funds

c

Arranmgement of financial

resources

d

Efficient management of cash

7 0
3 years ago
You have been placed in charge of a large project. Shortened communication lines are required to ensure quick resolution of prob
Sphinxa [80]

Answer:

Pure project

Explanation:

A pure project management structure is one in which a team works full time on a project and the project manager of such project has full control of the project with very little control/interference from the top management levels.

This lesser interference from top management levels the more control and flexibility of the project managers towards accomplishing the project.

Cheers.

6 0
3 years ago
Becton Labs, Inc., produces various chemical compounds for industrial use. One compound, called Fludex, is prepared using an ela
shtirl [24]

Answer:

1)

direct materials price variance = actual quantity x (actual price - standard price)

direct materials price variance = 7,820 x ($5.30 - $15) = 7,820 x (-$9.70) = -$75,854 favorable

direct materials usage variance = standard price x (actual usage - standard usage)

direct materials usage variance = $15 x (7,820 - 9,660) = -$27,600 favorable

2)

direct labor price variance = actual hours x (actual rate - standard rate)

direct labor price variance = 2,460 x ($12.30 - $15) = 2,460 x (-$2.70) = -$6,642 favorable

direct labor usage (efficiency) variance = standard rate x (actual hours - standard hours)

direct labor usage (efficiency) variance = $15 x (2,460 - 3,680) = $15 x (-1,220) = -$18,300 favorable

4 0
3 years ago
Use the compound interest formula to determine the accumulated balance after the stated period. ​$60006000 invested at an APR of
My name is Ann [436]

Answer:

The final value of the investment after 3 years is $7,146.10

Explanation:

Giving the following information:

Investment= $6,000

Interest rate= 6​% compounded annually

The number of years= 3 years.

To calculate the final value, we need to use the following formula:

FV= PV*(1+i)^n

FV= 6,000*(1.06^3)

FV= $7,146.10

The final value of the investment after 3 years is $7,146.10

3 0
3 years ago
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