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Hoochie [10]
3 years ago
5

Is debtors control a current asset, owners equity, income or current liability

Business
1 answer:
Igoryamba3 years ago
3 0

Answer:

I need more explanations

Explanation:

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The Model Company is to begin operations in April. It has budgeted April sales of $46,000, May sales of $50,000, June sales of $
rewona [7]

Answer:

The correct answer is B

Explanation:

The amount of cash to be collected or received  in the month of July is computed as:

Amount of cash received in the July month = (July Sales × 10%) + (June Sales × 90% × 75%) + (May Sales × 90% × 17%) + (April Sales × 90% × 6%)

where

July Sales is $58,000

June Sales is $56,000

May Sales is $50,000

April Sales is $46,000

Putting the values:

= ($58,000 × 10%) + ($56,000 × 90% × 75%) + ($50,000 × 90% × 17%) + ($46,000 × 90% × 6%)

= $5,800 + $37,800 + $7,650 + $2,484

= $53,734

8 0
3 years ago
Helena corporation declared a 2-for-1 stock split on 8,000 shares of $6 par value common stock. if the market price of the stock
Kryger [21]

In a 2 for 1 stock split, par value and market value will be 1/2 of what they were prior to the split and number of shares will be two times what it was.

So,

 

par value will be 6 x 0.5 = $ 3.00 

market value will be 25 x 0.5 = $ 12.50 

number of shares  8,000 x 2 will be 16,000 shares

3 0
3 years ago
Select the accounting principle, assumption, or related item that best completes the sentence. Ex: Material. Full disclosure. Fa
KIM [24]

Answer:

1. Relevance and faithful 2.confirmatory value 3.Comparability 4. fair value 5. material 6. consistency 7. neutrality 8.Full disclosure 9. periodicity 10. Revenue recognition

4 0
3 years ago
Question 1 (1 point) One of the ways rent control is inefficient is that it leads to: a markets that maximize total surplus. b h
andre [41]

One of the ways that rent control is inefficient is that it has high opportunity costs associated with wasted time for apartment seekers.

<h3>What is rent control?</h3>

This is the term that is used to explain the control that the government of a country has on landlords that lease their houses out to tenants.

It puts a limit on the amount of money that landlords of houses can collect as the rent for their houses.

Read more on rent control here:

brainly.com/question/1331723

7 0
2 years ago
__________ is not a technology company but used technology to revamp the business process of renting movies.
zmey [24]

Answer:

Netflix

Explanation:

Netflix is a company that uses streaming service where viewers can watch varieties of documentaries, popular films etc on their network . This type of service enables users to access latest films, TV shows, offered by Netflix over the internet. Although users get to watch and enjoy these services through a paid subscription, there are quite unlimited films that can be watched and downloaded for offline viewing.

Unlike a conventional method where people can watch and download films, documentaries online, Netflix provides a platform that warehouses collections of films, documentaries, TV shows hence revamp the business methods of renting movies.

6 0
3 years ago
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