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Brut [27]
3 years ago
6

Brief Exercise 11-16 Determine cash received from customers (LO11-7) Video Shack's accounts receivable decreases during the year

by $9 million. What is the amount of cash received from customers during the reporting period if its net sales are $73 million
Business
1 answer:
Alex73 [517]3 years ago
8 0

The amount of cash received from customers during the reporting period if its net sales are $73 million is $82 million.

Using this formula

Cash Received from Customers = Net Sales + Decrease in Accounts Receivable

Where:

Net sales=$73 million

Decrease in Accounts Receivable=$9 million

Let plug in the formula

Cash Received from Customers=$73 million+$9 million

Cash Received from Customers =$82 million

Inconclusion the amount of cash received from customers during the reporting period if its net sales are $73 million is $82 million.

Learn more about cash received from customers here:brainly.com/question/5019692

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Ian is a clerical worker. He sorts files, as do the other ten employees in the department. All the employees know that they are
gogolik [260]

Answer: Describe desired performance

Explanation:

The step of the coaching model that Ian's supervisor should take immediately after describing to Ian his current behavior is to "describe desired performance".

The desired performance simply refers to the expectations that are expected from Ian by the company. Every organization has goals that they tend to achieve and this can only be done when employees meet the performance that's expected from them.

7 0
3 years ago
The Law of Supply states Group of answer choices A.the quantity supplied varies irregularly with its price B. the qantity demand
Bad White [126]

Answer:

The correct answer is option D.

Explanation:

The law of supply is used to explain the relationship between the price of a product and its quantity supplied. According to this law, there is a positive relationship between the price of a product and the quantity supplied.

In other words, an increase in price will cause the quantity supplied to increase as well and vice versa.  

That is why the supply curve is upward sloping.

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3 years ago
Which country use tax brackets as a part of their tax system
konstantin123 [22]
Canada, Australia, and South Africa use tax brackets.
8 0
3 years ago
Read 2 more answers
Fultz Company has accumulated the following budget data for the year 2020.
PilotLPTM [1.2K]

Answer:

COST OF Goods SOLD $ 1,1539,110

Explanation:

Fultz Company

Schedule  of Cost of Goods Sold for 2020

As there are no beginning and ending finished goods inventories the total units produced are sold. (Finished Goods   required       31410  Units)

Inventories raw materials : beginning, 10,120 pounds

Add Direct Materials Purchases 36770 pounds

Less Inventories ending raw materials , 15,480 pounds

Direct Materials Used 31410 pounds

Materials 1 pound at $6 per pound= $ 6*  31410  Units=  $ 188460

Direct labor 3 hours at $12 per hour= $ 36*  31410  Units= $ 1130780

Manufacturing Overhead $7 per direct labor hour= $ 7*  31410  Units=

                                                                                             $ 219870

Total Manufacturing Costs  $ 1,1539,110

There are no beginning and ending work in process inventories so the total manufacturing cost gives us the COST OF Goods SOLD.

7 0
3 years ago
What are the effects on the accounting equation from the adjustment for which the seller has satisfied the performance obligatio
hammer [34]

The effect on accounting equation is that total liabilities would decrease and stockholder's equity would increase.

<h3>What is the accounting equation?</h3>

The accounting equation also known as the balance sheet equation relates the assets of a business to its liabilities and stockholders' equity. According to the accounting equation:  Stockholders' equity = Assets - liabilities.

When a liability reduces, stockholder's equity increases. Also, when assets increases, stockholder's equity increases.

To learn more about stockholder’s equity, please check: brainly.com/question/26210654

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2 years ago
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