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
Sauron [17]
3 years ago
12

Carmichael Inc. has a beginning balance in Accounts Receivable of $100,000 at June 1. On June 24, Carmichael sells $20,000 of me

rchandise to K. Low, terms 2/10, n/30. Assuming just this one transaction occurred, what is the ending balance in Accounts Receivable at June 30 under the gross method
Business
1 answer:
Gnom [1K]3 years ago
6 0

Answer:

$120,000

Explanation:

Particulars                                                                   Amount

Beginning balance in accounts receivables A/C    $100,000

Add: Credit sales                                                       <u>$20,000</u>

Ending balance in accounts receivables A/C        <u>$120,000</u>

You might be interested in
Go Zone plans to introduce four tablet models over the next year. These models range from basic readers at $99 per unit, to more
Savatey [412]

Answer:

Product line Pricing  

Explanation:

The reason is that when the manufacturer produces a number of quality range products and price them accordingly. This means that the customer who has different level of purchasing power can fulfill his needs and wants accordingly. So producing a single product limits the satisfying of needs and wants of small customer segment whereas producing multiple product range helps in targeting a range of customer segments. The different prices of tablets charged here for different products actually reflects the prices of the products.

7 0
3 years ago
The following amounts were selected from the production report of Chandon Corporation: Actual units in production 42,000 Equival
SpyIntel [72]

Answer:

Total cost is equal to $81300

So option (c) will be correct answer.

Explanation:

Actual unit of production = 42000

Cost of per equivalent material = $1.10

Equivalent cost of material = =42000\times1.1=46200$

Equivalent cost of labor = =39000\times 0.9=35100$

Therefore total cost of production = $46200+$35100 = $81300

So total cost will be $81300

Therefore option (c) is the correct answer

5 0
3 years ago
What is NOT affected by decisions of the federal Open Market Committee?
natka813 [3]

I believe the answer is: D. bond prices


Bond prices is determined by the mutual agreement between the company who issue the bond and the investors who bought them along with its value in the market. federal Open Market Committee only has the jurisdiction in United States Treasury securities and banking operation.

5 0
3 years ago
Read 2 more answers
Firms that take voluntary actions to address the ethical, social, and environmental impacts of its business operations are invol
vampirchik [111]
Firms that take voluntary actions to address the ethical, social, and environmental impacts of its business operations are involved in a Corporate Social Responsibility. Hope this helps. <span />
8 0
2 years ago
What is cash flow when funding in a business?<br> ANSWER CORRECTLY NO LINKS!
Luda [366]

Answer:

reality income

Explanation:

aaaaaaaa

3 0
2 years ago
Read 2 more answers
Other questions:
  • What is protectionism and why would a country base trade policy on it? Explain at least two reasons.
    5·1 answer
  • In Colonial America, laborers were<br> a. in abundance<br> b. paid good wages<br> c. in short supply
    9·1 answer
  • The attempt to create and defend markets that satisfy the needs of consumers and business customers is the basic thrust of:
    10·1 answer
  • ___________ are actions taken or measures put in place to eliminate a hazard or reduce the associated identified risk. A ) Misha
    14·1 answer
  • PLEASE HELP ASAP! Will give BRAINLIEST! Please answer correctly!<br><br> No guessing!
    7·1 answer
  • Logan is a midlevel manager at Oranges Inc. When she turns 60, her company forces her to take mandatory retirement in exchange f
    13·1 answer
  • A ______ is a document prepared by the organization to identify and attract the right vendors to supply software, hardware, and
    14·1 answer
  • LBC Corporation makes and sells a product called Product WZ. Each unit of Product WZ requires 3.5 hours of direct labor at the r
    5·1 answer
  • Automobile manufacturing is an industry subject to significant economies of scale. Suppose there are four domestic auto manufact
    8·1 answer
  • What is the largest source of a income for banks
    10·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!