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
ser-zykov [4K]
3 years ago
11

On 20/07/2019, "ABC" Company sold goods to customer "X" with a total value of $120.000 The customer pad

Business
1 answer:
shepuryov [24]3 years ago
4 0

Answer:

1) total sales revenue = $120,000

this amount holds regardless of how much money was collected in cash or if an account/note receivable was recorded

2) the company must recognize interest revenue:

principal = $72,000

interest revenue = $72,000 x 10% x 40/360 days = $800

Dr Interest receivable 8000

    Cr Interest revenue 800

You might be interested in
What are six advantages of teen entrepreneurs?
astraxan [27]
<span><span>Risks is lower
</span><span>Family and friends support
</span><span>Easier to allocate time resources 
</span><span>Hiring young employees
</span><span>Lower costs
</span>Business innocence</span>
5 0
3 years ago
Judy Billows, owner of Billows Manufacturing has called a meeting with her department heads. She presents last year's contributi
Stels [109]

Answer:

She Presents Last Year's Contribution Margin Income Statement (see Below), Which Is Based On A Sales Volume Of 100,000 Units (one Product Offering) And Operating Income Of $125,000. ... Judy Billows, owner of Billows Manufacturing has called a meeting with her department heads. She

Explanation:

3 0
4 years ago
Read 2 more answers
Suppose you invest 60% of your portfolio in campbell soup and 40% in boeing. the expected dollar return on your campbell soup st
DiKsa [7]
<span>Boeing stock has increased to about 41.4% while Campbell soup has decreased to about 58.5%. This is because Boeing's rate of return was significantly higher than Campbell's soup, therefore with the returns added in, the portion of the portfolio that is invested in Boeing has increased.</span>
4 0
4 years ago
Three categories of activities (operating, investing, and financing) generate or use the cash flow in a company. In the followin
Marat540 [252]

Answer:

a. Yum Co. uses cash to repurchase 10% of its common stock. (Financing activity)

b. DigiInk Printing Co. buys new machinery to ramp up its production capacity. (Investing activity)

c. D and W Co. sells its last season’s inventory to a discount store. (Operating activity)

d. A company records a loss of $70,000 on the sale of its outdated inventory. (Operating activity)

Explanation:

Cash flow statement shows how cash is used and obtained in a business. There are different activities that influence cash flow. Below are the activities:

- Operating activities are those that include normal business operations like buying and selling of inventory, interest payments, and salaries.

- Investing activities involves use of cash for investment like purchase or sale of assets, merger and acquisitions payments, and purchase of equipment.

- Financing activities includes cash used to purchase or sell equity such as shares, payment of dividends, and repayment of principal from debt

3 0
3 years ago
A competitive firm sells its output for $50 per unit. Assume that labor is the only input that varies for the firm. The marginal
noname [10]

Answer:

the value of the marginal product of labor is $500

Explanation:

The computation of the value of the marginal product of labor is shown below:

= MRP × price per unit

= 10 units × $50 per unit

= $500

hence, the value of the marginal product of labor is $500

We simply applied the above formula

5 0
3 years ago
Other questions:
  • Sheridan Company has gathered the following information concerning one model of shoe: Variable manufacturing costs $32000 Variab
    7·1 answer
  • Suppose that Jane enjoys Diet Coke so much that she consumes one can every day. Although she enjoys gourmet cheese, she consumes
    7·1 answer
  • Write the following as triggers. In each case, disallow or undo the modification if it does not satisfy the stated constraint. T
    12·1 answer
  • Which account would be listed on a post-closing trial balance?
    6·1 answer
  • Which of the following are acceptable formats for reporting comprehensive income?
    15·1 answer
  • Due to the potential impact of changes that can affect all users in an organization, and considering that security vulnerabiliti
    14·1 answer
  • Nordstrom, Inc. operates department stores in numerous states. Suppose selected financial statement data (in millions) for 2020
    6·1 answer
  • In a perfectly competitive market, assume the market price is $5 per unit and the profit-maximizing quantity is 70 units. If the
    7·1 answer
  • f the company's volume doubles, the company's total cost will Group of answer choices decrease. stay the same. double as well. i
    12·1 answer
  • Firms that use ________ rely on computer systems to perform tasks such as speech recognition, decision making, or translations.
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!