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2 years ago

Preparing a Schedule of Cash Collections on Accounts Receivable

Business

1 answer:

marysya [2.9K]2 years ago

7 0

Answer:

Kailua and Company

Schedule of Cash Collections

August September

Cash collections from June $25,200 $0

Cash collections from July $38,500 $19,250

Cash collections from August $17,220 $43,050

Cash collections from September $0 $17,800

Total cash collections $80,920 $80,100

I suppose that 5% of the billings are uncollectible since 20% + 50% + 25% = 95%.

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Sadie and Sam share income equally. For the current year, the partnership net income is $40,000. Sadie made withdrawals of $14,0

4vir4ik [10]

Answer:

Explanation:

Beginning capital balance(Sam) $58000

+ Currnt year income ( $40000 / 2 = $20000) $20000

[Devide by 2 because they share income]

- Sam's withdrawal ($15000)

Sam's capital balance = 58000+20000-15000 = $63000

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2 years ago

4. In the late 1990s and through 2000, the British public became increasingly concerned about " Mad Cow Disease," which could be

LuckyWell [14K]

Answer:

The quantity is likely to decrease, the change in price depends on the extent of change in demand and supply.

Explanation:

The fear of the mad cow disease lead to a reduction in the demand for beef. This caused the demand curve to move to the left.

At the same time, destruction of cattle heads ordered by the government lead to a reduction in the supply of beef. This caused the supply curve to move to the left.

This leftward shift in both demand as well as supply curve will lead to a reduction in the equilibrium quantity of beef.

The change in price of beef depends upon the extent of change in demand and supply. If both decrease by the same extent, the price will remain the same.

3 0

2 years ago

Chapter 7 bankruptcy involves...

Vsevolod [243]

D is correct answer.

They providing a method for student loans to be forgiven.

Hope it helped you.

-Charlie

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2 years ago

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A relatively small team of people who collaborate on the same project is called a:

agasfer [191]

Enterprise, it's called an enterprise

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2 years ago

Intricate Computer Solutions provides services to corporate and individual customers. During the month of June, the corporate b

lisabon 2012 [21]

Answer:

Contribution Margin for each corporate customer= $ 67.5

Explanation:

Intricate Computer Solutions

Corporate Business Segment Individual Business Segment

Revenue. $ 60, 000 $ 45,000

Variable costs $ 33, 000 $ 25,100

Contribution Margin $ 27,000 $ 20,000

Less

Fixed costs $ 7, 500 $ 7, 500

Operating Income $19,500 $12,500

Contribution Margin for each corporate customer= Contribution Margin/ No Of Customers =$ 27000/ 400= $ 67.5

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2 years ago

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