Answer:
35% of sales(say $2,000,000) in April
$700,000
Explanation:
Step one :
Assuming that the sales made for April is $2,000,000
According to the conditions in which money is collected 35% of sales made for a month is collected for the month
For april the expected amount
=35/100*2,000,000
=$700,000
Answer:
Please see answers below
Explanation:
1. Prepare an income statement for the year ended, December 31, 2021
Fightin' Blue Hems Corporation, Income statement for the year ended, December 31, 2021.
Details
$
Service revenue
500,000
Salaries expense
400,000)
Rent expense
20,000)
Depreciation expense
40,000)
Interest expense
5,000)
Earnings for the year
35,000
2. Prepare a statement of stockholder's equity for the year ended, 31, December, 2021
Fightin' Blue Hens Corporation statement of stockholder equity for the year ended , December 31, 2021.
Details
$
Common stock
300,000
Retained earnings
60,000
Earnings for the year
35,000
Stockholder equity
395,000
3. Prepare a classified balance sheet as at 31, December
Fightin' Blue Hens Corporation, classified balance sheet for the hear ends, December 31, 2021.
Details
$
Fixed assets
Equipment
400,000
Accumulated depreciation
135,000
Net fixed assets
265,000
Current assets
Cash
12,000
Accounts receivables
150,000
Prepaid rent
6,000
Supplies
30,000
Total current assets
198,000
Current liabilities
Accounts payable
($12,000)
Salaries payable
(11,000)
Interest payable
(5,000)
Working capital
170,000
Long term liabilities
Notes payable (due in two years)
(40,000)
Net total assets
395,000
Financed by;
Common stock
300,000
Retained earnings
60,000
Earnings for the year
35,000
Stockholder equity
395,000
Answer:
Allow one key employee to operate the bank account personally.
Explanation: Allowing one key employee to operate the bank account personally is a major non compliance in management of business ventures. Two or more persons with TRUSTED INTEGRITY can be assigned especially if they are PERMANENT STAFF and in MANAGEMENT POSITIONS. This two factors will help to Prevent or reduce the chance of any Criminal or fraudulent activities.
Answer:
False
Explanation:
The difference between B2B e-commerce and B2C is that B2B e-commerce is an online business that consists of selling and purchasing goods through an online system. while on the other side B2C refers to the system of selling the products directly to the customer.
It totally depends on the customer which process they prefer. Both processes have their own advantage and disadvantage. However, B2B e-commerce business approach is nowadays is in trending
Answer:
The answer that you are looking for is universal life.
Explanation:
