Answer:
3.52 times
Explanation:
Given that,
Sales = $348,000
Beginning net Accounts Receivable = $89,000
Ending net Accounts Receivable = $109,000
Average accounts receivable:
= (Beginning net Accounts Receivable + Ending net Accounts Receivable) ÷ 2
= ($89,000 + $109,000) ÷ 2
= $198,000 ÷ 2
= $99,000
Accounts Receivable turnover:
= Sales ÷ Average accounts receivable
= $348,000 ÷ $99,000
= 3.52 times
Answer:
The amount left for Julia to save after all expenses have deducted from her take-home(disposable income) is $317 as shown below.
Explanation:
The amount that Julia can save is the amount left of her disposable income when all expenses are taken care of.
The amount that could be saved is computed thus:
Take-home amount $2,200
Rent ($806)
Utilities ($136)
Car payment ($277)
Orthodontist payment ($196)
Groceries($66*4 weeks) ($264)
Other expenses <u> ($204)</u>
Savings <u> $317</u>
Answer:
The manager's income if revenues are $2,000,000 and profits are $500,000: $95,000
Explanation:
The firm manager earns 0.5 percent of all sales. If revenues are $2,000,000 and profits are $500,000,
The firm manager earns from sales = $2,000,000 x 0.5% = $10,000
The manager has a base salary of $85,000
The manager's income = manager 's base salary + earns from sales = $85,000 + $10,000 = $95,000
Answer:
Quota
Explanation:
The world's largest manufacturer of peppermint candy canes moved its manufacturing business from Albany, Georgia to Mexico as there are no restrictions on the amount of sugar that can be brought into this nation (like those that exist in the United States.
The business moved to Mexico because of <u>Quota</u> established by the U.S. government.
Answer:
A. It is a valuation method.
Explanation:
The matching principle is used to assign same costs with the same revenues. For example the inventory bought to make the product would be assigned like wise to assure the guideline of matching principle.
It is a valuation method.
It is used to evaluate the accounting procedures.
For example let us assume that we are selling candies. But the advertisement is run once the candies have been manufactured and sealed. So the matching principle states that the advertisement expenses to be included in the income statement having the corresponding stock of candies manufactured and sold.
