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
bezimeni [28]
3 years ago
14

Ratchet Manufacturing anticipates total sales for August, September, and October of $200,000, $210,000, and $220,500 respectivel

y. Cash sales are normally 25% of total sales and the remaining sales are on credit. All credit sales are collected in the first month after the sale. Compute the amount of accounts receivable to be reported on the company's budgeted balance sheet for August.
Business
1 answer:
Pavel [41]3 years ago
4 0

Answer:

The amount of accounts receivable which is to be reported on the company's budgeted balance sheet for August is $150,000

Explanation:

For computing the account receivable balance for the august month, the following adjustment is required which is shown below:

= August sales × credit sale percentage

where,

August sale is $200,000

And, the credit sale percentage is 75% because 25% is cash sale and the remaining 75% is a credit sale

So,

the accounts receivable would be equals to

= $200,000 × 0.75

= $150,000

Hence, the amount of accounts receivable which is to be reported on the company's budgeted balance sheet for August is $150,000

You might be interested in
Help asap plzzzzzzzzzzzzzzzzzzzzzzzzzzz
Artemon [7]

Answer:

college board

Explanation:

3 0
2 years ago
Using money to try to make more money is called
nekit [7.7K]
I think its called an investment.
6 0
3 years ago
Read 2 more answers
If a labor union successfully restricts the supply of labor to​ firms, and if the union is not able to influence the demand for​
Alisiya [41]

Answer:

(B) ​rises; decreases

Explanation:

  • As the labors are unable to motivate the other laborers of the firm in the organization then the wage rate will increase the form needs more and more laborers to work in the factory or the production units and hence the employment opportunities will decline as an upward movement along the demand curve.
3 0
3 years ago
Because you understand the law of supply, you can deduce that the correct graphical representation of the supply for CDs must be
Bas_tet [7]

Answer:

S1

Explanation:

Law of Supply, is the law which states or claims that all else being constant or equal, then the quantity supplied of the good increases when the price of the goods also increases.

Ans this states the positive relationship among the price and the quantity, thus an upward sloping curve. Therefore, it is the curve (supply curve), which is more likely for the CDs.

This curve shows the relationship among the amount that the sellers willing to and able to supply and the price of the CDs, which is called as the quantity of CDs supplied.

3 0
3 years ago
Comparing each item on a financial statement with a total amount from the same statement is referred to as
Arada [10]

Answer: vertical analysis

Explanation:

Vertical analysis is when each item on a financial statement is compared with a total amount from the same statement.

Vertical analysis refers to a financial statement analysis method whereby each line item in a statement is listed as a percentage of the base figure. In such case, each amount in the income statement will then be restated as a percentage of sales.

8 0
3 years ago
Other questions:
  • An antique dealer buying items and hoping to sell them for more than he or she paid for them is the very definition of​ a:
    11·1 answer
  • The two most widely used methods for determining the cost of inventory are
    11·1 answer
  • A monopoly creates a deadweight loss to society because it produces less output than the socially efficient level.
    11·1 answer
  • Perteet Corporation's relevant range of activity is 3,000 units to 7,000 units. When it produces and sells 5,000 units, its aver
    10·1 answer
  • Matthew​ Liotine's Dream Store sells water beds and assorted supplies. His​ best-selling bed has an annual demand of 410 units.
    6·1 answer
  • Well organized buisiness writing uses short sentences and paragraphs. True or False?
    8·1 answer
  • In the context of organizational environments, which of the following is true of mechanistic organizations? a. They are characte
    6·1 answer
  • Sammy says, “I don’t think it’s fair that I have to pay for car insurance when I’m a super safe driver.” Explain why this logic
    5·1 answer
  • Which factors are considered when deciding how to make goods and services?
    10·1 answer
  • 2. Max z = 3X1 + 5X2+ 4X3 S.t.2X1 +3X2 ≤ 18 2X1 + X2 ≤ 10 3X1 + 2X+4X3 ≤ 15 X1, X2, X3 ≥ 0
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!