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Julli [10]
3 years ago
11

Accounts receivable arising from sales to customers amounted to $100,000 and $70,000 at the beginning and end of the year, respe

ctively. Credit sales reported on the income statement for the year were $200,000. Exclusive of the effect of any other adjustments, the cash collected from customers to be reported on a direct method statement of cash flows is:
Business
1 answer:
mote1985 [20]3 years ago
5 0

Answer:

The cash collected from customers = $230,000

Explanation:

The cash collected from customers to be reported on a direct method statement of cash flows is = Net sales + decrease in accounts receivable.

or, Net sales - Increase in accounts receivable

Given,

Net sales = $200,000

Beginning accounts receivable = $100,000

Ending accounts receivable = $70,000

Decrease in accounts receivable = $100,000 - $70,000 = $30,000

Putting the values into the formula, we can get

Net sales + decrease in accounts receivable

$200,000 + $30,000 = $230,000

The cash collected from customers = $230,000

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Development of most new drugs, from discovery to marketing approval, usually takes ________.
trasher [3.6K]

Answer:

Nine years or more

Explanation:

Development of new drugs is a long process and from  discovery to marketing approval takes nine years or more.

The process of bringing new drugs to he marketplace after the identification of a main compound through drug discovery is called drug development. There are  various stages of drug development such as <em>Discovery and development, Pre-clinical research, Clinical research and FDA review.</em>

7 0
3 years ago
Regardless of on whom a tax is levied, sellers face which of the following?
IceJOKER [234]

Answer:

A a decrease in the amount of money they receive

Explanation:

If the seller levies the tax on the customer, the tax will increase the price of a product and in turn decrease the demand for the product. Decreased demand, in turn, will reduce the total revenue.

But if the seller levies the tax on themself, it will not increase the product price but lower the seller revenue directly. Either way, the revenue of the seller will be decreased.

7 0
3 years ago
Marx and Springsteen provides​ hair-cutting services in the local community. In February, the business cut the hair of 200 ​clie
ozzi

Answer:

Cost of service to provide one haircut is $ 11.04

Explanation:

Hair saloon expense: $500

Building rent expense: $1,458

Utilities expense: $200

Depreciation expense --- Equipment: $50

Total operating cost = Hair saloon expense + Building rent expense + Utilities expense + Depreciation expense

= $500 + $1,458 + $200 + $50

= $ 2,208

Total hair cuts = 200

Therefore, cost per hair cut = Total operating cost ÷ Total hair cuts

= $2,208 ÷ $200

=  $ 11.04

5 0
3 years ago
stimulating demand. creating awareness. identifying prospects. combating competitive promotional efforts. retaining loyal custom
KonstantinChe [14]

competitive promotional efforts. retaining loyal customers.

<h3>What is promotional efforts?</h3>

Any effort made by a company to communicate with potential customers is considered a promotional activity. Promotional activities serve two primary functions. These are intended to: Customers should be informed about your store's products, prices, and services. Persuade customers to buy your products.

The most common type of marketing is product and service promotion. Advertising - You can advertise your product, service, or brand in newspapers, radio, television, magazines, outdoor signage, and online.

Promotional materials, events, or ideas are intended to increase product or service sales.

The most important function of a promotion is to distinguish a company from its competitors. If there was no competition, no business would ever need to run promotions.

To know more about promotional efforts follow the link:

brainly.com/question/28113237

#SPJ4

6 0
2 years ago
How does a policy manual help an organization
eimsori [14]
It helps an organization because that is their rules and regulations and standards that employers have to follow. An example of how the manual can help an organization is if you purchase something and the policy says you have 30 days to return it and you return it 31 days later they will not be able to take it because that is one of their rules. 
4 0
2 years ago
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