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Nana76 [90]
3 years ago
12

Sheffield Corp. had accounts receivable of $250,000 on January 1, 2019. The only transactions that affected accounts receivable

during 2019 were net credit sales of $5,225,000, cash collections of $5,155,000, and accounts written off of $20,000.

Business
1 answer:
satela [25.4K]3 years ago
3 0

Answer:

300000is the answer make me branlist

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How do you determine the acid-test ratio? The sum of cash and short-term investments divided by short-term debt. Current assets
Alex Ar [27]

Answer: The sum of cash, short-term investments and net receivables divided by current liabilities

Explanation: The acid test ratio, also known as the quick ratio, is a liquidity ratio that is used to determine the ability of a company to pay its current liabilities if it rises immediately. It is considered to be more stringent ratio than the current ratio.

It is concluded by dividing those current assets that can be converted into cash immediately with the current liabilities of the company.

Therefore, from the above we can conclude that the correct statement is D.

3 0
3 years ago
Stephanie is going to contribute $160 on the first of each month, starting today, to her retirement account. Her employer will p
tangare [24]

Answer:

Explanation:

Principal Payment $160

Her Employee help to add $80

Total principal is (160+80)= $240

At a rate of 0.45

For a time of 35years

We will compound her amount

Using compound interest formula

A=P(1+r/n)^nt

Where,

P = principal amount = $240

r = annual rate of interest =0.45

t = number of years the amount invested =35years

A = amount of money accumulated after n years, including interest.

n = number of times the interest is compounded per year=12months

Therefore,

A=P(1+r/n)^nt

A=240(1+0.43/12)^35×12

A=240(1+0.03583)^420

A=240(1.03583)^420

A=240×2.641

A=$633.814

The amount is approximately $633.814

4 0
4 years ago
All interest groups can be neatly categorized as economic interest groups or public interest groups.
Kipish [7]

False to say all interest groups can be neatly categorized as economic interest groups or public interest groups, because Interest group consist of other groups too .

What is meant Interest group ?

Interest groups, also known as special interest groups, advocacy groups, or pressure groups, are associations of people or organizations that are typically formally constituted and that aim to sway public policy in their favor based on one or more shared concerns. All interest groups share the desire to influence governmental policy in order to advance their causes or themselves. Their objective may be a policy that only benefits a specific set of people or a particular sector of society (such as government subsidies for farmers) or a policy that furthers a larger societal goal (e.g., improving air quality). By exerting pressure on decision-makers to change policy outcomes in their favor, they try to lobby in order to achieve their goals.

To learn more about Interest group checkout the link below : brainly.com/question/25656843

#SPJ4

7 0
1 year ago
janice is extremely excited to have purchased her first home. she was able to lock in her monthly payment at a very low rate for
storchak [24]

Janice have adjustable rate mortgage.

An adjustable-rate mortgage or ARM is a home loan with a variable interest rate. With the ARM, the initial interest rate is fixed for a period of time.

After that, the interest rate is applied on the outstanding balance resets periodically at yearly or even monthly intervals.

ARMs are also known as variable-rate mortgages and  floating mortgages. The interest rate for ARMs is reset based on a benchmark or index, plus an additional spread is also there which is called an ARM margin.

To know more about ARM here:

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8 0
1 year ago
____ plans direct the behavior, efforts, and priorities of operative employees for periods ranging from one to six months.
Anastaziya [24]

The plans that direct the behavior, efforts, and priorities of operations for a short period is known as operational plan.

<h3>What is planning?</h3>

Planning simply means the process of thinking and preparing to achieve a desired goal.

It should be noted that operational plans direct the behavior, efforts, and priorities of operative employees for periods ranging from one to six months.

Learn more about planning on:

brainly.com/question/24864915

4 0
3 years ago
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