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2 years ago

The of accounts receivable method uses several percentages to estimate the allowance.

Business

1 answer:

Tatiana [17]2 years ago

6 0

Answer:

The aging of accounts receivable method uses several percentages to estimate the allowance.

Explanation:

An account of receivable aging report lists customer account balances by length of time outstanding.

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Which of the following sections of a business plan contains information about the different departments in the company and what

gogolik [260]

Answer:

A. Organization

Explanation:

The organization and management section outlines the hierarchy of the people involved in the business. It provides the company's organizational structure in a chart format. This section detail the management team, internal and any external human resources that the company uses or intends to use. It may list their names and remunerations paid to each of them.

The organization section also defines how the different roles relate to each other when executing the business mandate.

3 0

3 years ago

The average price of homes sold in the U.S. in 2012 was $240,000. A sample of 144 homes sold in Chattanooga in 2012 showed an av

Ainat [17]

Answer:

H0 : Average price of homes sold in US = 24000 ; H1 : Average price of homes sold in US ≠ 24000

t calculated value = 2 , t critical (tabulated) value = 1.96

calculated t > critical t . Null Hypothesis is rejected, It is concluded that 'Average price of homes sold in US ≠ 24000 '

Explanation:

Null Hypothesis : Average price of homes sold in US = 24000

Alternate Hypothesis : Average price of homes sold in US ≠ 24000

t = (x' - u) / (s / √n)

x' = sample mean = 246000 (given)

u = population mean = 240000 (given)

s = standard deviation = 36000

n = no. of observations = 144

t = (246000 - 240000) / (36000/√144)

6000/ (36000/12000) = 6000/3000

t = 2

Critical value for a two tailed test at 5% significance level, 0.025 in t distribution = 1.96

Since calculated value, 2 > tabulated or critical value at significance level, 1.96. So, we reject the null hypothesis. This implies that 'Average price of homes sold in US ≠ 24000'

3 0

3 years ago

Based on the Information that follows, prepare the cost of goods sold section of a multiple-step income statement.

Shtirlitz [24]

Answer:

Cost of goods sold = $105,060

Explanation:

a) Data and Calculations:

Cost of goods sold section of the multi-step income statement:

Merchandise Inventory, January 1, 20-- $37,000

Purchases 102,000

Purchases Returns and Allowances (4,200)

Purchases Discounts (2,040)

Freight-In 800

Merchandise Inventory, December 31, 20--(28,500)

Cost of goods sold $105,060

b) The cost of goods sold comprises the beginning inventory, purchases and freight-in costs incurred during the period, less purchases returns and discounts, and the ending inventory. It represents the cost incurred directly for the goods sold. This means that indirect costs are not included in the cost of goods sold. Such costs are usually deducted as period costs before arriving at the net income.

7 0

3 years ago

A house is sold for $105,500 and the commission rate is 6 percent. If the commission is split 60/40 between the selling broker a

laila [671]

Answer: The answer is $ 1266.

Explanation: If the commission rate is 6%

The commission is = 105500. 0.06 = 6330

40% is for the listing broker = 6330. 0.4 = 2532

And half is for his salesperson = 2532/2 = 1266.

The listing salesperson receive from this sale $ 1266.

3 0

3 years ago

At the beginning of the current year, Martin Corporation purchases 20% of the outstanding shares of Foster Company for $200,000

ki77a [65]

Answer:

$5,000

Explanation:

Calculation to determine what amount should Martin report as investment income from its ownership of Foster's shares

Using this formula

Amount to be reported as investment income=Net income*Percentage of outstanding shares purchased

Let plug in the formula

Amount to be reported as investment income=$25,000 x 20%

Amount to be reported as investment income= $5,000

Therefore The amount that Martin should report as investment income from its ownership of Foster's shares is $5,000

3 0

3 years ago