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KatRina [158]
3 years ago
12

Outback Corp. recorded sales of $1,300,000 in 2010, in addition the company's accounts receivable balance grew from $120,000 at

the beginning of 2010 to $165,000 at the end of 2010. How much cash did Outback collect from customers in 2010
Business
1 answer:
klemol [59]3 years ago
8 0

Answer:

$1,255,000

Explanation:

The increase in accounts receivable is the portion of the current year sales revenue that has not been received in cash, hence, the cash collected from customers in the year 2010 is simply the sales adjusted for the impact of accounts receivable as shown below:

cash collection=sales revenue+beginning accounts receivable-ending accounts receivable

sales revenue=$1,300,000

beginning accounts receivable=$120,000

closing accounts receivable=$165,000

cash collection=$1,300,000+$120,000-$165,000

cash collection=$1,255,000

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Sam wants to be a teacher. He has been imitating the behavior, mannerism, and dressing style of teachers at his school. What gro
likoan [24]

Answer:

  • <u>  models  </u>

<u />

Explanation:

The teachers that Sam imitates constitute <u>  models  </u> for him.

One of the first learning modes that every human use is the imitation. A baby can learn by direct experience (if he touches a metallic surface in winter the baby learns it is cold) or by imitation: when the baby sees the mom talking the baby learns to move the lips. The mother is baby's first model and the baby learns by imitating her.

When we grow up, we have many models: relatives, friends, peers, teachers, and virutally any person with whom we are in contact.

Imitating continues during all the life and teachers are very important models.

Specially, when the teacher is a good example and arouses admiration, the students will trend to imitate them. Particularly, in the case of Sam who wants to be a teacher: probably Sam has had some excellent teachers whom he admires and made him to want to follow their steps, which is why he imitates them. They are a good model to follow.

5 0
3 years ago
Diamonds are generally marked up 100% from wholesale. If you offer a discount of 25% from the normal price on a diamond ring tha
alexandr402 [8]

Answer:

$412.5

Explanation:

First, we have to calculate the sale price of diamond at which i will be selling in normal circumstances

Normal selling price=Cost price+100%*Cost price

                               =275+100%*275

                               =$550

Now apply the discount rate of 25% to the normal selling price to caculate the actual offer price

Actual offer price=550*75%=$412.5

6 0
3 years ago
Delaware Coatings Company uses the indirect method to prepare its statement of cash flows. Refer to the following information fo
Goshia [24]

Answer:

$14,400

Explanation:

Given that,

Net cash provided by operating​ activities = $39,000

Net cash used for investing​ activities = $26,000

Net cash provided by financing​ activities = $1,400

The net change in cash during the​ year:

= Net cash provided by operating​ activities - Net cash used for investing activities + Net cash provided by financing activities

= $39,000 - $26,000 + $1,400

= $14,400

7 0
4 years ago
Each of the following is a characteristic of a defined benefit retirement plan EXCEPT: Question 3 options: The plan assigns the
lesya [120]

Answer:

Each of the following is a characteristic of a defined benefit retirement plan EXCEPT:

The plan assigns the risk of pre-retirement inflation, investment performance, and adequacy of retirement income to the employee.

Explanation:

No.  With a defined benefit retirement plan, the risk of pre-retirement inflation, investment performance, and adequacy of retirement income is never assigned to the employee.  Instead, the employer bears this risk.  The defined benefit plan always specifies the benefit to which an employee is entitled to at retirement.  It also demands that the employee must work for a certain defined period to be entitled to this benefit.  By its nature, the defined benefit plan provides a fixed and pre-established benefit for employees.  This is why it is preferred by employees.

3 0
3 years ago
In the _____, which is drawn to the size of the actual advertisement, the headlines and subheads are lettered in, the intended i
attashe74 [19]

Answer: rough

Explanation: it is a normal practice to make a rough sketch of an idea or piece of work on a paper to conceptualized it.

And rough sketch is mostly done using a pencil, in a rough every thing is put down that will be in the finished work from the actual size, headlines, subheadings and body of the work .

5 0
3 years ago
Read 2 more answers
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