Answer:
Accounts receivable turn over is 16.64
Explanation:
To compute accounts receivable turn over ratio, we simply divide net credit sales over the average accounts receivable.
Accounts receivable turn over ratio = $1,240,000/$74,500
= 16.64
The higher the ratio, the better it is in the company. It simply means, the company exercises the effective way to collect its receivable from the customer.
*Net credit sales is derived by deducting sales returns and allowances from gross credit sales. If the problem is silent regarding cash sales, we will assume that the sales made by the period is all at credit.
Answer:
Debit - Supplies expense $4,200
Credit - Supplies $4,200
Explanation:
Adjusting entries are prepared to ensure that the revenue and expense recognition rules, are properly applied each accounting period.
Expenses are the outflows of assets or incurrence of liabilities during a period from delivering or producing goods or services. They are incurred in an attempt to produce revenues.
The principle says that expenses should be recognized in the same period as the revenues to which they relate.
According to this rule, we should use the next equation:
Supplies expense = supplies at the beginning of the period + supplies purchased - supplies balance at the end of the period
Supplies expense = $2,000 + $3,000 - $800
Supplies expense = $4,200
Adjusting entry:
Debit (expense account) - Supplies expense $4,200
Credit (asset account) - Supplies $4,200
Answer:
A. 0.9x + 0.3y ≤ 10,000
Explanation:
Given
oil based plant
water based plant
The data can be represented in tabular form as:
Considering only A, we have the following constraints:
Since the company currently has 10000 of A.
The above constraint implies that, the mixture cannot exceed 10000.
So, we have:
<em>Hence, (A) is correct</em>
Answer:
Hello your question is incomplete without the options listed hence I will provide a more general answer.
Answer:
- Integrating a password system into the application to prevent unauthorized access
- Regulate the amount of sensitive data to be stored in the application
- Minimize the amount of personnel who can have access to the application to only very necessary personnel
Explanation:
Depending on the level of sensitivity of the data in the new application or platform there are several actions that can be taken and some of them include :
- Integrating a password system into the application to prevent unauthorized access
- Regulate the amount of sensitive data to be stored in the application
- Minimize the amount of personnel who can have access to the application to only very necessary personnel
