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
Vikentia [17]
4 years ago
5

On April 30, Victor Services had an Accounts Receivable balance of $19,100. During the month of May, total credits to Accounts R

eceivable were $53,200 from customer payments. The May 31 Accounts Receivable balance was $14,000. What was the amount of credit sales during May
Business
1 answer:
suter [353]4 years ago
7 0

Answer:

Credit Sales = $48100

Explanation:

The credit sales can be calculated by reversing the formula for Closing accounts receivables.

The formula for closing accounts recevables is,

Closing accounts receivables = Opening accounts receivables + Credit sales - collections from accounts receivables

To caculate Credit sales, the formula will be:

Credit sales = Closing accounts receivables + Collections from Accounts receivables - Opening accounts receivables

Credit sales = 14000 + 53200 - 19100 = $48100

You might be interested in
In stock market investing, there is no guarantee of a financial return.<br><br> A. True<br> B. False
elena-s [515]
The answer is B. false
7 0
2 years ago
Johnny Depp has just invested in a group of companies that are young and that he feels are going to have a large increase in pri
dusya [7]

Answer: c. Investment Growth

Explanation:

Johnny Depp is most likely focusing growing his investment as opposed to receiving a stable dividend.

The company described is Growth company. These companies want to grow and so they reinvest their profits into expanding their capacity. This will lead to their value increasing as time goes on.

The investment that Johnny Depp made will therefore keep increasing in value as the company does so which will mean that the profit Mr. Depp makes will be from his investment increasing in value (capital gain).

8 0
3 years ago
Which model allows private companies to set up manufacturing units on prison grounds or purchase goods made by inmates in shops
nadya68 [22]

Answer:

private prison enterprise

Explanation:

A public jail is not a profit-generating enterprise. The eventual objective is to house jailed prisoners in an effort to rehabilitate them or remove them from the streets. A private jail, on the other hand, is administered by a business. That corporation’s final purpose is to profit from everything they deal in.

In order to generate money as a private jail, the firm gets into a contract with the government. This contract should indicate the basis for payment to the company. It might be based on the size of the jail, based on a monthly or annual predetermined sum, or in most situations, it is paid depending on the number of convicts that the prison holds.

As of 2019, there are around 116,000 inmates detained in private prisons, which constitutes 8 percent of the overall federal and state prison population.

Many of these jails save the government money, but others actually cost more per prisoner than a public institution would cost.

6 0
3 years ago
Suppose that the required reserve ratio is 10 percent and you withdraw $25,000 from Comerical Bank.
exis [7]

The total decrease in deposits in the banking system is $250,000.

<h3>What is total decrease in deposits?</h3>

Reserve ratio is the percentage of deposits that is required of commercial banks to keep as reserves.

Decrease in deposits = amount withdrawn / required reserve ratio

$25,000 / 0.1 = $250,000

To learn more about reserve ratio, please check: brainly.com/question/6831267

#SPJ1

4 0
2 years ago
Complete the diagram of the Circular Flow of the Economy. Some answers are listed twice on purpose.
tester [92]

Answer:

small intestine

Explanation:

Small intestine, the narrow, winding, upper part of intestine where digestion is completed and nutrients are absorbed by the blood.

3 0
3 years ago
Other questions:
  • A hard drive has stamped on its label: lba = 7,814,037,168. this means that it has _____.
    14·1 answer
  • Define the term harmful activities​
    13·1 answer
  • Cost push is most likely to occur in those industries in which management or labor is so strong that it can dictate prices. True
    7·1 answer
  • Stan wants to start an IRA that will have $250,000 in it when he retires in 25 years. How much should he invest semiannually in
    9·1 answer
  • Currently you purchase ten frozen pizza per month. You will graduate from college in December, and you will start a new job in J
    6·1 answer
  • Someone you share a mutual affection with is known as:
    11·1 answer
  • Use the following information for Taco Swell, Inc., (assume the tax rate is 21 percent): 2017 2018 Sales $ 16,549 $ 18,498 Depre
    12·1 answer
  • Optimistic people view challenges as opportunities to influence decisions.
    7·1 answer
  • The formula to compute cash flow on total assets takes cash flow from operations divided by:_______
    10·1 answer
  • the common stock and debt of northern sludge are valued at $64 million and $36 million, respectively. investors currently requir
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!