The amount of cash received from customers during the reporting period if its net sales are $73 million is $82 million.
Using this formula
Cash Received from Customers = Net Sales + Decrease in Accounts Receivable
Where:
Net sales=$73 million
Decrease in Accounts Receivable=$9 million
Let plug in the formula
Cash Received from Customers=$73 million+$9 million
Cash Received from Customers =$82 million
Inconclusion the amount of cash received from customers during the reporting period if its net sales are $73 million is $82 million.
Learn more about cash received from customers here:brainly.com/question/5019692
Answer: MULTINATIONAL
Explanation: MULTINATIONAL ENTERPRISE is any Enterprise that has its presence and does business in two or more countries. The presence can be in the form of Production facilities, Marketing facilities,joint ventures or even Franchise etc
Companies like Green Cleaners Inc., a U.S. company which has expanded to Spain and Poland are multinationals. Multinational organizations or enterprises have huge capital base through which they are able to acquire properties abroad.
Answer:
Cash 30,000 debit (+A)
Comon Stock 30,000 Credit (+SE)
furtniture 4,600 debit (+A)
accounts payable 4,600 (+L)
accounts receivables 10,800 debit (+A)
commisions revenue 10,800 (+R)
cash 140 debit (+A)
commisions revenue 140 (+R)
Accounts payable 700 debit (-L)
cash 700 credit (-A)
salaries expense 3,500 debit (+E)
cash 3,500 credit (+A)
Explanation:
Assets (A) and Expenses (E) will icnrease form debit and decrease from credit
Liabilities (L) Revenues (R) and Stochholder equity (SE) will icnrease from credit and decrease from debit
The journal entries must be done considering the rule debit = credit all the times
Answer:
Debt ratio is 0.5
Explanation:
The DEBT ratio tells us how much debt a firm has as a ratio to its assets. So it is calculated by dividing total debt by total assets. The firm has current liabilities of 100 million and long term liabilities of 200 million, we will add both of them up in order to find total liabilities.
Total Liabilities = 100 million + 200 million = 300 million
The firms total assets are 600 million, in order to find the debt ratio we will divide 300 million by 600 million
300/600= 0.5
This means that the total debt of the firm is half the amount of total assets.