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
sergey [27]
4 years ago
6

Tim Company had sales of $30,000, increase in accounts payable of $5,000, decrease in accounts receivable of $1,000, increase in

inventories of $4,000, and depreciation expense of $4,000. What was the cash collected from customers?A. $31,000.B. $35,000C. $34,000.D. $25,000.E. $26,000
Business
1 answer:
ipn [44]4 years ago
5 0

Answer:

$31,000

Explanation:

decrease in accounts receivable = $1,000

Sales = $30,000

Cash collected from customers = Sales plus decrease in accounts receivables

                                                    = $30,000 + $1000

                                                    = $31,000

The decrease in account receivables represents the collection of cash from a customer. If sales amount to $30,000, all must have been collected in cash hence no amount was outstanding to increase receivables. Hence the addition of the two items gives the cash collected from customers.

You might be interested in
What is the discounted price for a piece of software that has a list price of $49.99 if we are discounting it by 20%? (Required)
tino4ka555 [31]

Answer:

39.992

Explanation:

divide 20 by 100 multiply it to 49.99 then subtract answer from 49.99

3 0
3 years ago
MC Qu. 91 Raven Company has a target of earning... Raven Company has a target of earning $70,100 pre-tax income. The contributio
yawa3891 [41]

Answer:

The amount of dollar sales must be achieved to reach the goal is $331,875.

Explanation:

This can be calculated using the following formula:

Amount of dollar sales required = (Targeted pre-tax income + Fixed costs) / Contribution margin ratio ……..(1)

Where:

Amount of dollar sales required = ?

Targeted pre-tax income = $70,000

Fixed costs = $36,200

Contribution margin ratio = 32%, or 0.32

Substituting all the values into equation (1), we have:

Amount of dollar sales required = ($70,000 + $36,200) / 0.32 = $106,200 / 0.32 = $331,875

Thereforee, the amount of dollar sales must be achieved to reach the goal is $331,875.

6 0
3 years ago
Tara Inc. is considering using stocks of an old raw material in a special project. The special project would require all 360 kil
frez [133]

Answer:

Relevant costs:

Selling price= 6.50

Delivery= $125

Explanation:

Giving the following information:

The special project would require all 360 kilograms of the raw material that are in stock and that originally cost the company $2,520 in total.

If the company were to buy new supplies of this raw material on the open market, it would cost $7.25 per kilogram. However, the company has no other use for this raw material and would sell it at the discounted price of $6.50 per kilogram if it were not used in the special project. The sale of the raw material would involve delivery to the purchaser at a total cost of $125 for all 360 kilograms.

The relevant costs are those that affect the decision moving forward. Costs that occurred in the past musn't be taken into account.

Relevant costs:

Selling price= 6.50

Delivery= $125

6 0
3 years ago
The recent financial and healthcare reform bills provide examples of how marketing can be impacted by which macroenvironmental f
Tresset [83]
Macroenvironmental factors can be impacted by marketing. These factors are important in health care systems. The microenvironment of a firm includes the culture, demography, economy and political and legal issues.
The recent financial and healthcare reform bills provide examples of how marketing can be impacted by the economy.
5 0
3 years ago
You and your friends have decided to build a skateboard ramp behind your house. You have already purchased $500 in materials and
Rufina [12.5K]

Answer:

Hand saw is cheaper.

Explanation:

Given:

Material cost = $500

Electric saw cost rent per hour = $20

Building hour from electric saw = 6 hour

Building hour from hand saw = 15 hour

Time off pay from job = $8/hour

Computation of total cost from Electric saw :

Total cost from Electric saw = Material cost + Renting cost of electric saw + Time of from job

Total cost from Electric saw = $500 + (6 × $20) + (6 × $8)

Total cost from Electric saw = $500 + $120 + $48

Total cost from Electric saw = $668

Computation of total cost from hand saw :

Total cost from hand saw = Material cost + Time of from job

Total cost from hand saw = $500 + (15 × $8)

Total cost from hand saw = $500 + $120

Total cost from hand saw = $620

Hand saw is cheaper.

5 0
3 years ago
Other questions:
  • Imagine that you work in a call center. Your manager tells you that you need to answer 25% more calls per hour. In order to do t
    9·1 answer
  • Which country has a Gross Domestic Product of about 8.5 trillion dollars?
    8·1 answer
  • Judith puts $5000 into an investment account with interest compounded continuously. which approximate annual rate is needed for
    13·1 answer
  • PA4-3 (Algo) Selecting Cost Drivers, Assigning Costs Using Activity Rates [LO 4-1, 4-3, 4-4, 4-6 ] Harbour Company makes two mod
    7·1 answer
  • Assume that a 4 percent decrease in income results in a 6 percent increase in the quantity demanded of a good. The income elasti
    5·1 answer
  • A Roth IRA and a Tax Deferred investment plan are just two of many ways you can invest into for your retirement. If you wanted t
    14·2 answers
  • Farris Corporation, which has only one product, has provided the following data concerning its most recent month of operations:S
    7·1 answer
  • A company purchased treasury stock for $20,800. The treasury stock was initially issued for $16,500 and had a $6,800 par value.
    9·1 answer
  • KLM Corporation's quick assets are $5,996,000, its current assets are $12,480,000 and its current liabilities are $8,068,000. It
    14·1 answer
  • LiveWords has decided to update its natural language processing app so that it includes a sentiment analysis that promises to re
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!