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irga5000 [103]
2 years ago
10

On December 1, the Accounts Receivable account had a $5,000 balance. The business received $400 during the month from its charge

-account customer. After posting this transaction, the new balance in the Accounts Receivable account is_________.
Business
1 answer:
alex41 [277]2 years ago
7 0

Answer:

$4,600 debit balance

Explanation:

Provided that

The account receivable balance = $5,000

The amount received from  its charge-account customer = $400

So after posting this transaction, the new balance in the account receivable account is

= The account receivable balance - The amount received from  its charge-account customer    

= $5,000 - $400

= $4,600 debit balance

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_____ encompasses purchases of fixed assets abroad used in the manufacture and sales of goods and services.
Lunna [17]

Answer:

The correct answer is called capital goods. Give me Brainiliest

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2 years ago
Jeffreys Company reports depreciation expense of $40,000 for Year 2. Also, equipment costing $240,000 was sold for a $10,000 los
Daniel [21]

Answer:

Computation of cash received from the sale of the equipment:

D. $58,000.

Explanation:

Computation:

Sale of Equipment Account

Equipment account   $240,000

less acc. depreciation  172,000

Net book value           $68,000

less loss on sale            10,000

Cash received            $58,000

Equipment Account

Year 1 balance         $750,000

Year 2 balance           510,000

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Accumulated Depreciation:

Year 1 balance         $500,000

Year 2 balance          328,000

Sale of equipment   $172,000

b) The sale of the equipment caused a loss of $10,000.  The net book value of the equipment is $68,000.  This implies that it was sold for $58,000 ($68,000 - $10,000).  So, the cash received from the sale is $58,000.

7 0
3 years ago
A real estate agent is considering changing her land line phone plan. There are three plans to choose from, all of which involve
BlackZzzverrR [31]

Answer:

a. Determine the total charge under each plan for this case: 120 minutes of day calls and 40 minutes of evening calls in a month.

  • Cost for Plan A = ($0.41 x 120) + ($0.16 x 40) + $20 = $ 75.60
  • Cost for Plan B = ($0.51 x 120) + ($0.15 x 40) + $20 = $ 87.20
  • Cost for Plan C = $80 + $20 = $100

b. If the agent will use the service for daytime calls, over what range of call minutes will each plan be optimal?

  • If the agent will use the service only for daytime calls, Plan A is better if the agent uses 195 minutes maximum. If the agent expects to use 196 or more minutes, then Plan C is better.

c. Suppose that the agent expects both daytime and evening calls. At what point (i.e., percentage of total call minutes used for daytime calls) would she be indifferent between plans A and B?

  • Plan A charges 10¢ less per daytime minute, while plan B charges 1¢ less for evening minutes, that means that the proportion of daytime calls should be 1/11, while the proportion of evening calls should be 10/11.

7 0
3 years ago
Yvette is considering taking out a loan with a principal of $16,200 from one of two banks. Bank F charges an interest rate of 5.
zhannawk [14.2K]
<span>Yvette should choose Bank F’s loan if she wants more about lower monthly payments, and she should choose Bank G’s loan if she wants more about the lowest lifetime cost.
</span>
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7 0
3 years ago
Read 2 more answers
You are involved in an Information Systems project. The project's scope has widened, but there is no change in cost, quality, an
LenKa [72]

Answer:

True

Explanation:

Project scope deals with the specific requirements or tasks necessary to complete the project. Scope is important to manage on any project, because if you can’t control the scope of the project, you’re not likely to deliver it on time. Also should the scope get widened it will result in time taken to complete the project.

Every project is faced with the triple constraint, which are the time, scope and cost.

Kindly see the attached for further clarity

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2 years ago
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