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
otez555 [7]
3 years ago
12

Tanner Service Company reported an annual sales revenue of $560,000 in 2019. During the year, accounts receivable decreased from

a $22,500 beginning balance to an $18,800 ending balance. Accounts payable decreased from a $15,200 beginning balance to a $13,600 ending balance. Assume that all sales were made on account. How much is cash received from customers for the year
Business
1 answer:
otez555 [7]3 years ago
4 0

Answer:

$563,700

Explanation:

Calculation of cash is as seen below.

Sales revenue. $560,000

Add: Decrease in accounts receivable ($22,500 - $18,800) $3,700

Cash received from customers. $563,700.

Note: other information given in the question are not relevant for the computation of cash received from customers for the year.

Therefore, cash received from customers for the year is $563,700

You might be interested in
Explain the difference between a direct tax and an indirect tax.
leonid [27]

Answer:

Taxes can be either direct or indirect. A direct tax is one that the taxpayer pays directly to the government. These taxes cannot be shifted to any other person or group. An indirect tax is one that can be passed on-or shifted-to another person or group by the person or business that owes it.

Explanation:

4 0
3 years ago
Read 2 more answers
How Each Economic Type Answers<br> the Three Economic Questions
Helga [31]
Uhhh well how much Equity has been profitable and it’s usually around 10 percent
4 0
3 years ago
A company has $90,000 in outstanding accounts receivable and it uses the allowance method to account for uncollectible accounts.
Kaylis [27]

Answer:

A. $2,800

Explanation:

When a company makes sales on account, debit accounts receivable and credit sales. Based on assessment, some or all of the receivables may be uncollectible.  

To account for this, debit bad debit expense and credit allowance for doubtful debt. Should the debt become uncollectible (i.e go bad), debit allowance for doubtful debt and credit accounts receivable.

Amount assessed to be uncollectible

= 4% × $90,000

= $3,600

Additional Amount to be allowed for

= $3,600 - $800

= $2,800

This will be posted as debit to bad debt and a credit to allowance for doubtful debts account.

4 0
3 years ago
Read 2 more answers
Frank's sporting goods projects sales for the second quarter of 2021 to be as follows: April $250,000 May $300,000 June $380,000
fomenos

Answer:i would tell you to look on a the brainly app lol

Explanation:

8 0
3 years ago
As the purchasing manager of a company that designs costumes, Natalie orders yards of fabric in preparation for Halloween. Natal
vladimir1956 [14]

Answer: (C) Inbound logistics

 

Explanation:

 The inbound logistics is one of the manufacturing process that basically helps in invasion  the raw materiel from the manufacturer and it basically involve distribution, storage of the raw material.

The inbound logistics is basically refers to the distribution process of the products of the value chain and the main function of the inbound logistics is that it helps in receiving, purchasing, distributing and also storing all the product material in the form of input.  

According to the given question, the Natalie's duties is basically classified in the category of inbound logistics of the business process.

 Therefore, Option (C) is correct answer.  

6 0
3 years ago
Other questions:
  • This private, not-for-profit organization is committed to developing and maintaining practical, customer-focused standards to he
    8·1 answer
  • When you first started your new business, you were so excited about the large volume of orders you had. One year later, you find
    5·1 answer
  • A company produces very unusual CD's for which the variable cost is $ 17 per CD and the fixed costs are $ 30000. They will sell
    7·1 answer
  • Trent Automobiles Inc. was expecting a large shipment of scrap metal a week earlier. As the shipment did not arrive on time, the
    9·1 answer
  • "Finn Company reported assets of $1,000 and stockholders’ equity of $600. What amount will Finn report for liabilities?"
    5·1 answer
  • The Chief Financial Officer of Five Star Food Distributors has asked you to evaluate the building of a new warehouse. As an astu
    8·1 answer
  • The management approach of _____ was one of the first to recognize that enriching the lives of organizational and community fami
    5·1 answer
  • Help please: Free rein leaders can be described as ____
    11·1 answer
  • Discuss the different roles played by the qualitative and quantitative approaches to managerial decision making. Why is it impor
    9·1 answer
  • Broker Eric secure the loan for buyer Paul the fees that Eric charges Paul for making the loan could be which of the following a
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!