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CaHeK987 [17]
3 years ago
9

At the beginning of January of the current year, Thomas Law Center's ledger reflected a normal balance of $55,000 for accounts r

eceivable. During January, the company collected $17,800 from customers on account and provided additional services to customers on account totaling $14,000. Additionally, during January one customer paid Thomas $6,500 for services to be provided in the future. At the end of January, the balance in the accounts receivable account should be
Business
1 answer:
My name is Ann [436]3 years ago
8 0

Answer:

$49,700 is the correct answer.

Explanation:

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In its first year of business, Borden Corporation had sales of $2,020,000 and cost of goods sold of $1,210,000. Borden expects r
Iteru [2.4K]

Answer:  Please see answers in explanation column

Explanation:

Accounts title and explanation            Debit          Credit

Sales returns and allowances       $121,200      

Sales refund payable                                               $121,200

Calculation

Expected Sales returns and allowances = sales x expected percentage

= 2,020,000 x 6%=   $121,200

Accounts title and explanation            Debit              Credit

Inventory returns estimated               $72,600

Cost of goods sold                                                     $72,600

Calculation

expected Cost of goods sold =  Cost of goods soldx expected percentage

= 1,210,000 x6%=$72,600

7 0
3 years ago
3. What's considered a retail service?
katen-ka-za [31]

Answer:

B

Explanation:

3 0
3 years ago
Read 2 more answers
Assume Worldwide Cleaning Service had net income of $ 900 for the year. Worldwide Cleaning​ Service's beginning and ending total
g100num [7]

Answer:

return on assets = 20%

Explanation:

given data

net income = $900

beginning total assets = $4600

ending total assets = $4400

solution

we get here return on assets that is express as

return on assets = \frac{net\ income}{average\ assets} × 100   ............1

here average assets will be

average assets = \frac{4600+4400}{2}

average assets = $4500

put here value we get

return on assets = \frac{900}{4500} × 100

return on assets = 20%

4 0
3 years ago
What is the chronological order of the material cost flows through the subsidiary records? a. Materials Ledger Card, Receiving R
RoseWind [281]

Answer:

The correct order is option B.

Explanation:

As the order is in which the items are in the process of the subsidiary is given as by option B.

Option A is not true as the step of receiving report is not at the start of the process.

Option C is not true, because all the steps are not included.

Option D is not true as well because all the steps are not included.

5 0
3 years ago
Return on investment (ROI) information can help you manage a client's campaign by helping you determine how to:
jeyben [28]

Answer:

The correct answer to the following question is option D) all of the listed answers are correct .

Explanation:

ROI ( which is know as return on investment ) is a tool which can be used to manage a client's campaign by helping him in determining what would be the optimal budget for him, how would a client optimize its advertisement texts and the keywords. The ROI here would be used to measure conversion and through this conversion tracking tool would help in determining profitability in advertisement or keywords.

7 0
3 years ago
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