Answer:
$2,500,000
Explanation:
The computation of the sales amount is shown below:
= Average account receivable balance × total number of days in a year ÷ days sales outstanding
= $500,000 × 365 days ÷ 73 days
= $2,500,000
We simply apply the unitary method for this question that is shown above in the calculation part i.e multiplying the total number of days in a year by the average account receivable balance and then divided it by the days sales outstanding
Option C
production orientation has Jim adopted
<u>Explanation:</u>
Production orientation accompanies the hypothesis that any goods of great quality can be willingly traded. Production Orientation is the common passageway of any firm that is essentially concerned with production manners. A production-oriented enterprise is largely concerned and converged on producing or assembling as multiple units as viable.
The unique destination is to create supreme quantity, such a firm strives to maximize its profitability by utilizing administrations of range. This procedure is sufficient simply where the potential of the goods in the store is notable or the company engages in an extremely huge increase in businesses. This kind of business thinks that if they can execute the most suitable 'mousetrap,' their clients will befall to them.
Answer:
Interest Expense $63,000
Interest Payable $63,000
Explanation:
$700,000 X 9% = $63,000 which is the annual interest expense that they will incur each year. Because it isn't paid until January 1st, it is rolled into the Interest Payable account.
Answer:
40%
Explanation: 720,000/1,800,000 = .4 x 100 = 40%
<h2>Yes the given statement is true by analyzing the chart attached.</h2>
Explanation:
Let us understand what teen means and what age group comes under teen.
All the age which ends with teen falls under teen age.
Age group: 13 to 19
When we analyze the data,
Age group <18: In 2008, the tax filers are 1.9 % and it declined to 1.4% in 2016
Age group 18 to 24: In 2008, the tax filer are 16.3% and 15.6 in 2016
So the the number of tax filers who filed in 2016 is less than 2008.
People whose age >55 has got more opportunity when compared to 2008
From this we can conclude that teens find difficult to get part-time and summer work
