Answer:
$157,000
Explanation:
The calculation of estimated cash receipts from accounts receivable collections in May is shown below:-
Collections from sales of may = $200,000 × 20%
= $40,000
Collections from sales of April = $150,000 × 70%
= $105,000
Collections from sales of prior period = $12,000
Estimated Collections in May month = Collections from sales of may + Collections from sales of April + Collections from sales of prior period
= $40,000 + $105,000 + $12,000
= $157,000
So, for computing the estimated collection in may month we simply applied the above formula.
Answer:
B) People face trade-offs
Explanation:
A trade-off happens when you have to balance two (or three in this case) opposing situations. In economics all resources are scarce, and time is the only resource that everyone shares equally. Bob is facing opportunity costs, i.e. if he chooses to train one activity he cannot train the other.
Bob has to decide how to divide the time he can spend training. If he chooses running, he can´t swim or ride a bike. So he has to balance the time spent on each activity, probably depending on which sport he needs to train the most.
Answer:
Fewer
Explanation:
A side effect of high gas prices is that discretionary spending of consumers goes down as they spend relatively more of their income on gasoline. Higher prices also mean that shoppers will tend to drive less - including to places like to mall or shopping center.
Answer:
The answer is B. $180,000
Explanation:
The sum of years' digits method is an accelerated depreciation that is based on the assumption that the productivity of the asset decreases with time.
Here, the sum of the digits are found. In this question, useful life is 5 years. So the sum of the digit is:
5+4+3+2+1 = 15.
April 1 20X4 through March 31 20X6 is 2 years.
First year depreciation is:
5/15 x $300,000
=$100,000
2nd year depreciation is:
4/15 x $300,000
=$80,000
Therefore, accumulated depreciation is
$100,000 + $80,000
$180,000
Under the new form of republican government in spain, the nobility lost position and may possessions. Nobility people are the people who are associated and belong to a noble class in a place or let us say in a country in which most have a hereditary life and other a honorary life is what they have.
