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Elena-2011 [213]
3 years ago
14

The Accounts Receivable account has a beginning balance of $10,000 and the company provides services of $50,000 on account durin

g the month. The ending balance was $12,000. How much did the company receive from customers during the month?A) $50,000.B) $52,000.C) $48,000.D) $62,000.
Business
1 answer:
Marizza181 [45]3 years ago
8 0

Answer:

C) $48,000

Explanation:

The account receivables is the account used to house revenue that has been earned but yet to be received in the balance sheet. It is the holding account pending the settlement of cash for services rendered or goods sold.

As such, where the Accounts Receivable account has a beginning balance of $10,000 and the company provides services of $50,000 on account during the month. The ending balance was $12,000

Let the amount received from customers be K

$10,000 + $50,000 - K = $12,000

K = $10,000 + $50,000 - $12,000

K = $48,000

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Now,

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Since the debt is doubled this means the interest  is equal to the principal amount

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3 years ago
Omega corporation and precision products, inc., are the principal suppliers of their product in their market. they agree that om
seraphim [82]

Answer:

A per se violation

Explanation:

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In this scenario Omega corporation and precision products, inc., are the principal suppliers of their product in their market. They make an agreement that one will focus on retailers and the other on wholesalers.

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Jonas has been assigned to work with a team at Falk Enterprises, Inc. Jonas has supervised this team in the past, and they have
olga55 [171]

Answer:

There should be defined roles of all the team members and they should know their responsibilities.

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The direct materials price variance is calculated asA) the difference in Actual Quantities (AQ) multiplied by the Actual Price (
Pachacha [2.7K]

Answer:

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Opening the brackets we have

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therefore, from the options provided option C) is correct as Direct Material Price Variance is difference in Actual Cost and Standard Cost of Actual Units

Final Answer

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