Complete question:
Westmore Products has projected the following quarterly sales. The accounts receivable at the beginning of the year is $380 and the collection period is 45 days. What are collections for the first quarter?
Quater: Q1 Q2 Q3 Q4
Sales : $675, $730, $815, $1,080
Answer:
$717.50
Explanation:
Given:
Accounts receivable at the beginning of the year = $380
Collection period = 45 days
Required:
Find the collections for the first quarter.
To find the collections for the first quarter, use the formula below:
First quarter collections = =Account receiveble opening balance to be recoverd in 45 days + [1st quarter sales /90*45]
Collections for first quarter = $717.50
The answer to the question is cash larceny of receivables. Cash larceny means that an individual or group has taken away an employer’s cash without the consent and against the will of the employers.
In other words, the employee has stolen money from the employer though the transaction is recorded in the books. In the case that Danielle is handling, it seems that the receivables have been taken by the employee.
The answer in the space provided that may complete the sentence is the database objects as this is where the settempvar actions falls under in which this is considered to be a category of the action catalog that is one of the actions used to implement or start a data.
Answer: $184.34
Bess issued four checks with amounts $175.17, $175.53, $175.35,and $184.34. With the total amount she issued, she expected her balance based on her cash register to be $869.96, but as per bank statement, her balance is $1054.13.
To get the amount of check which is not cleared yet, we have to deduct the balance in the cash check register from that of the bank statement:
$1054.13-$869.96 =184.17
$184.34 is the best answer because it is the last he wrote and the discrepancy of 0.17 may be due to some bank charges Bess had not recorded.
Answer:
d. 667.26 Favorable
Explanation:
Direct materials quantity variance = (Standard quantity allowed - Actual Quantity Used) * Standard Price of a unit of direct material
Direct materials quantity variance = (11*1,021 - 11,568) * $1.98
Direct materials quantity variance = (11,231 - 11,568) * $1.98
Direct materials quantity variance = 337 * $1.98
Direct materials quantity variance = $667.26 Favorable
