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ehidna [41]
3 years ago
7

Whispering is a corporation that sells breakfast cereal. Based on the accounts listed below, what are Whispering's total trade r

eceivables?
Income tax refund due $370 Advance due to the company from the company president 200 3-month note due from Whispering's main customer 1570 Interest due this month on the above note 150 Due and unpaid from this month's sales 9730 Due and unpaid from last month's sales 1000
Business
1 answer:
Leto [7]3 years ago
8 0

Answer:

the total trade receivable is $12,300

Explanation:

The computation of the total trade receivable is shown below:

= note due from customer + Due and unpaid from this month's sales + Due and unpaid from last month's sales

= $1,570 + $9,730 + $1,000

= $12,300

Hence, the total trade receivable is $12,300

The other items would not be considered as it is not a trade receivables

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Answer:1)The type of one job influences his lifestyle

2)No

3) value of self services in an economy includes improved customer services,more convenient , reduced overhead cost, customer satisfaction, increase productivity.

Explanation:Type of job tells a lot about people lifestyle,eg a person who spend very long hours at work hardly have adequate rest and social life.

Contrasting between farmers, school teacher and factory worker,the factory workers are semi skilled,teachers skilled and farmer could be non skilled ,the school teacher schedule is always fixed 8am to 4pm for instance so they are more organized,they are mostly in formal attire while a factory worker run shifts and may be see in safety boots and overall and may have little or erratic schedules .the farmer on the other hand has no schedule ,has relaxed routine,wear casuals and not necessarily tidy,does things when willed as most are self employed.

Even in their eating habits,farmers eat more of fresh food,while teachers eat processed foods and factory workers are more likely to eat junks or snacks.

While a school teacher may be seen with books ,a factory worker may be seen with machines and equipment and farmers with tools ,tractors etc

2)An economy can only thrive on goods and services,as both are needed for survival,a service person need commodities like foods,clothes etc to survive while a good traders cannot do without services like transportation,banking etc

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The organization uses less resources like staff,PCs to run self service this fund can be invested in other areas.

Increase customer service occurs as a result of self service , customer can do their trasaction at their pace and convenience.

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2 years ago
Why is entrepreneurship important to the community and economy? ​
SashulF [63]

Answer:

Explanation:

New and improved products, services or technology from entrepreneurs enable new markets to be developed and new wealth to be created. Additionally, increased employment and higher earnings contribute to better national income in the form of higher tax revenue and higher government spending.Entrepreneurs boost economic growth by introducing innovative technologies, products, and services.

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2 years ago
he inventory of Coronado Company on December 31, 2020, consists of the following items. Part Quantity Cost per Unit Net Realizab
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Answer:

a. $410,749

b. $ 418,286

Explanation:

Given;

Part        Quantity    Cost per Unit      Net Realizable Value Carrying amount

110             620             $117.00                $123.00                     $117.00

111              920              $73.80                $64.00                     $64.00

112             530              $98.40                $93.00                     $93.00

113              190              $209.10               $221.40                   $209.10

120             370             $252.00              $256.00                  $252.00

121 a          1,700            $20.00                $1.00                        $1          

122             330              $295.20              $289.00                  $289.00

The cost or net realizable value of inventory requires that inventory should not be carried at an amount higher than the net realizable value. this is due to the fact that inventory is initially recognized by cost.

Applying the LCNRV method to each item Inventory as of December 31, 2020

= 620 * 117 + 920 * 64 + 530 * 93 + 190 * 209.10 + 370 * 252 + 1700 * 1 + 330 * 289

= $410,749

Applying the LCNRV method to the total of the inventory. Inventory as of December 31, 2020

= 620 * 117 + 920 * 73.8 + 530 * 98.4 + 190 * 209.10 + 370 * 252 + 1700 * 20 + 330 * 295.2

= $456,973

and

= 620 * 123 + 920 * 64 + 530 * 93 + 190 * 221.40 + 370 * 256 + 1700 * 1 + 330 * 289

= $ 418,286

3 0
3 years ago
A stock-split journal entry would include?
spayn [35]
A stock-split journal entry would include? A memorandum notation. If a stock split happens, it is because an company's board of directors decided to increase the amount of shares outstanding. They do this by issue more shares of the company to current stock holders but at a lower price due to the increase in quantity. 
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lapo4ka [179]

Answer:

The issue price of the bonds is $ 17,706,015.76  as contained in the attached

The double entries upon bond issuance are as follows:

Dr Cash                            $17,706,015.76

Dr  Discount on bond      $ 2,293,984.24

Cr Bonds payable                                            $20,000,000.00

The journal entries for the interest are found in the attached.

Explanation:

Ultimately, the bond issue at a discount of $ 2,293,984.24  

($20,000,000.00-$17,706,015.76)  

Download xlsx
7 0
3 years ago
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