1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Ket [755]
3 years ago
13

On April 30, Gomez Services had an Accounts Receivable balance of $24,600. During the month of May, total credits to Accounts Re

ceivable were $59,200 from customer payments. The May 31 Accounts Receivable balance was $19,000. What was the amount of credit sales during May?
Business
1 answer:
Nataliya [291]3 years ago
4 0

Answer: $53,600

Explanation:

Credit sales increase the balance on Accounts Receivables because they represent that people owe the business.

It is therefore included in the formula for calculating the ending balance of Accounts Receivables:

Ending accounts receivables = Beginning accounts receivable + Credit sales in May - Customer payments during May

19,000 = 24,600 + Credit Sales in May - 59,200

Credit Sales in May = 19,000 + 59,200 - 24,600

= $53,600

You might be interested in
Forbes, fortune, and similar types of magazines often contain ads for rolex watches, bmw automobiles, and other luxury items. ad
MatroZZZ [7]
This is based on income. Income segmentation is when the consumers are segmented as per the yearly or regular income they are making. Income segmentation is best suitable for merchandises which are very exact, position and are valued high. It helps businesses to comprehend the relation between the making of a customer, the value being vacant by the company and the number of possible customers that a business can have.
7 0
3 years ago
the type of selection methods which are used to narrow down a list of finalists to those who will receive job offers is called
spayn [35]

The type of selection methods which are used to narrow down a list of finalists to those who will receive job offers is called Discretionary Method.

Picking from a list of universities one would like to attend is the hardest decision to make. However, it is crucial to take into account a number of criteria while selecting the best decision. When you have a long list of options, the registrars will find it simple to advise you on which is best.

If you chance to acquire numerous admissions from all the choices you had made, it is also up to you to make an easy pick. So always choose the greatest option available.

To know more about the Discretionary visit here :

brainly.com/question/28180292

#SPJ4

6 0
1 year ago
Why is it important to file your federal incomes taxes every year?.
Vesna [10]

Answer:

Avoid losing future refunds.

Explanation:

Part or all of any refund is first used to pay any back taxes owed. Safeguard credit. If the IRS files a tax lien against a taxpayer, it could affect credit scores and make it harder to get a loan.

5 0
2 years ago
Pick a number from 1 to 50 winner gets 30 points. You can comment or answer on this question.
White raven [17]

Answer:

43

Explanation:

6 0
3 years ago
Read 2 more answers
If bids on keywords in a bid strategy are manually overwritten, how long will it take for the bid strategy to resume bidding on
muminat

Answer: 24 hours

Explanation:

When the max CPC is manually overriden, the new max CPC will remain for 24hours, this would make the search Ads 360 optimization system not to update the max CPC during this time. After 24hours margin, the search Ads 360 will resume optimizing your bids inorder to meet the goals of bid strategy in turn starts the max CPC manually.

5 0
3 years ago
Other questions:
  • Cominsky Company purchased a machine on July 1, 2021, for $28,000. Cominsky paid $200 in title fees and county property tax of $
    14·1 answer
  • Ncome statement data for Winthrop Company for two recent years ended December 31 are as follows: Current Year Previous Year
    14·1 answer
  • Ricardo wants to study the academic performance of graduate students in the u.s. first, he decides that he will study schools in
    7·1 answer
  • Oreo Corporation has accumulated E&P of $8,000 at the beginning of the current year. During the year (a nonleap year), the c
    8·1 answer
  • Which of the following is an example of an environmental sustainability practice? a. Making sound financial plans to ensure long
    5·1 answer
  • A customer tells his broker "Sell my position in ABCD (a NASDAQ stock) and use the proceeds to buy EFGH (another NASDAQ stock)."
    8·1 answer
  • At the point where actual inflation is equal to expected inflation
    5·1 answer
  • Explain the relationships between a firm’s short-run production function and its short-run cost function .Focus on the marginal
    13·1 answer
  • How many hours a week should a student plan to study for a three-credit course in a 15-week session?.
    15·1 answer
  • what is the present value of the following cash flow stream at a rate of 10.0%? years: 0 1 2 3 cfs: $750 $2,450 $3,175 $4,400
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!