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enyata [817]
3 years ago
14

At June 1, 2022, Massoth Industries had an Accounts Receivable balance of $18,000. During the month, the company had credit sale

s of $25,000 and collected Accounts Receivable of $27,000. What is the balance in Accounts Receivable at June 30, 2022
Business
1 answer:
SOVA2 [1]3 years ago
4 0

Answer:

$16,000

Explanation:

Calculation to determine the balance in Accounts Receivable at June 30, 2022

Accounts Receivable balance $18,000

Add Credit sales $25,000

Less Accounts Receivable ($27,000)

Balance in Accounts Receivable $16,000

($18,000+$25,000-$27,000)

Therefore the balance in Accounts Receivable at June 30, 2022 is $16,000

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The table below shows the average income of the U.S. total population over age 25, based on level of education. Drag the differe
abruzzese [7]

The differences in average income are $6,080, $6169, $18,219, and $19,151.

The table below organizes income from the one with the lowest education level to the highest one. Moreover, there is a general trend in which income increases with education.

Now, to find the difference in average income based on education it is necessary to subtract the income of a lower level to the income of the next educational level.

Less than Highschool vs. High school graduate:

  • $31,956 - $25,876 = $6,080

High school graduate vs. some college or Associate's degree:

  • $38,125 - 31,956 = $6169

Some college or Associate's degree vs. Bachelor's degree:

  • $56,344 - $38,125 = $18,219

Bachelor's degree vs Profession or Doctorate degree:

  • $75,495 - $56,344 = $19,151

Learn more about mathematics in: brainly.com/question/12083755

4 0
2 years ago
Because people prepare budgets, budget figures are often biased. Which of the following is true? a. When senior management sets
eduard

Answer: B

Explanation:

Budgetary slack is a cushion created in a budget by management to increase the chances of actual performance beating the budget. Budgetary slack can take one of two forms: an underestimate of the amount of income or revenue that will come in over a given amount of time, or an overestimate of the expenses that are to be paid out over the same time period. Budgetary slack is generally frowned upon because the perception is that managers care more about making their numbers to keep their seats and gaming the executive compensation system rather than pushing company performance to its potential. Managers putting a budget together could low-ball revenue projections, pump up estimated expense items, or both to produce numbers that will not be hard to beat for the year. It also provides flexibility for operating under unknown circumstances, such as an extra margin for discretionary expenses in case budget assumptions on inflation are incorrect, or adverse circumstances arise.

4 0
3 years ago
Your business partner describes this as a high positive correlation. Is your partner correct? Why or why not? (2 points)
Nina [5.8K]

Answer:

The trend line lies on the points (0,100) and (15,900)

Explanation:

5 0
3 years ago
Read 2 more answers
Which of the following statements is true of low customer contact businesses? a. Customer access is relatively important when co
Neko [114]

Answer:

the answer is B

Explanation:

why ? most of the company's care about the customer , but it depends how big is their market and also what they are offering , so the small restaurants or even dry cleaners , their business are not without huge demand , the customer and the restaurant have a low contact, or the usually use a complaints and claims box where the customer can express your opinion of the restaurant service.

3 0
3 years ago
In a small business that is seeking to innovate in its products and services as well as its internal processes, a manager is mor
erastova [34]

Answer:

Nonprofit companies as the name implies are those that work through donations made by certain entities. If it is known that a non-profit company does not know how to manage its resources, then these entities or individuals who want to make donations for the cause, will not do so because the idea is that the purpose of the association is fulfilled.

For example if a company donates medical equipment to a hospital and instead of medical equipment they buy a car then we would be saying that they would not be taking advantage of resources

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3 years ago
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