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vlada-n [284]
2 years ago
13

The following account balances come from the records of Ourso Company: Beginning Balance Ending Balance Accounts receivable $ 2,

800 $ 3,600 Allowance for doubtful accounts 280 350 During the accounting period, Ourso recorded $14,000 of sales revenue on account. The company also wrote off a $150 account receivable. Required a. Determine the amount of cash collected from receivables.
Business
1 answer:
Mice21 [21]2 years ago
4 0

Answer: $13,050

Explanation:

The Cash collected from receivables can be calculated by;

= Beginning Accounts Receivable + Sales revenue - Receivables written off - Ending Accounts Receivable

= 2,800 + 14,000 - 150 - 3,600

= $13,050

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Answer:

The computations are as follows

Explanation:

a)  Before tax income  is

 = After Tax Income ÷ (1 - Tax Rate)

= $58,500 ÷ (1 - 0.35)

= $90,000

b) Total Contribution Margin

Contribution Margin = Fixed Costs + Before Tax Income

= $190,000 + $90,000

= $280,000

c) Calculation of Total Sales

Variable Cost is 75% of Sales

SO, Contribution Margin 25% of Sales

Contribution Margin = $280,000

25% of Sales = $280,000

Sales = $280,000 ÷ 25%

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Break Even Point in dollar = Total Fixed Costs ÷ Contribution Margin percentage

= $190,000 ÷ 25%  

= $760,000

We simply applied the above formula

8 0
3 years ago
Which combination of factors would result in the lowest monthly mortgage payment?
Anit [1.1K]
The choices can be found elsewhere and as follows:

<span>A.) Big down payment,a longer term loan, and a low interest rate
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C.) </span><span>Small down payment, a shorter term loan, and high interest rate
D.) </span><span>Small down payment, a shorter term loan, and small interest rate

I think the correct answer is option A. It would be </span></span>Big down payment,a longer term loan, and a low interest rate that would result <span> in the lowest monthly mortgage payment. Hope this answers the question.</span>
8 0
2 years ago
Umeron, a European country, wants to import 18 million bales of cotton from Trumberton, an Asian country. However, Umeron is abl
bazaltina [42]

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7 0
2 years ago
A politician in a small town notices that many citizens in the town cannot find work. In order to assist these individuals in fi
ohaa [14]

Answer:

b. The goals of the politician and the goals of the job seekers would not be aligned, since unemployed individuals would have a stronger incentive to remain unemployed

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A country has invested heavily in building cars and designing electronics. Which action would it most likely take if it wanted t
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