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Leto [7]
2 years ago
13

Kentucky Supply Co., which had no beginning balance in its Accounts Receivable and Allowance for Doubtful Accounts, earned $80,0

00 of revenue on account during 2014. During 2014, the company collected $64,000 of cash from its Accounts Receivable. Kentucky estimates that it will be unable to collect 2% of revenue on account. The amount of net realizable value of receivables on the December 31, 2014 balance sheet would be:
Business
1 answer:
serg [7]2 years ago
5 0

Answer:

$14,400 is the correct answer.

Explanation:

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2 years ago
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A strategy that focuses on increasing the attractiveness of a product is referred to as a​
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Answer:

Differentiation strategy

Explanation:

Differentiation strategy is an approach by a business to make its products and services unique and better in comparison to products from its competitors. The strategy aims at creating a perception in customer's minds that the company products are superior.

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6 0
3 years ago
Faldo Corp sells on terms that allow customers 45 days to pay for merchandise. Its sales last year were $425,000, and its year-e
antoniya [11.8K]

Answer:

Faldo Corp

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Explanation:

DSO = Accounts Receivable/Sales last year * 365 days

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= 51.5 days

Customers are paying late by 6.5 days (51.5 - 45)

b) Faldo Corp's Days Sales Outstanding (DSO) is an estimate of the number of days it takes Faldo to collect its outstanding accounts receivable.  This means that DSO measures how long it takes Faldo's customers to pay an invoice.  Faldo can calculate its DSO by dividing the total accounts receivables of last year by the total credit sales of last year.  This is then multiplied by 365 days.

3 0
2 years ago
Under two of the incoterms® rules, ________ has to provide the importer with a certificate of insurance.
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<span>"The exporter"</span> has to provide the importer with a certificate of insurance.

The Incoterms rules are standard arrangements of exchanging terms and conditions intended to help merchants when merchandise are sold and transported. Each Incoterms rule determines: the commitments of each gathering like who is in charge of administrations, for example, transport; import and fare leeway and so on.

3 0
3 years ago
State and explain ways to set-up business in domestic market?
Murljashka [212]

Answer:

Explanation:Buy products in bulk to sell.

Sell homemade products you make yourself.

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Start a print-on-demand store.

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3 0
3 years ago
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