1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ki77a [65]
3 years ago
15

Cruz trading's beginning and ending balance accounts receivable for the year were $30,000 and $200,000 respectively, while the c

redit sales were $825,000. calculate the cash collections from customers for the year.
Business
1 answer:
yulyashka [42]3 years ago
6 0
The answer is "$655,000".

Beginning balance = <span>$30,000
</span>Ending Balance = <span>$200,000 
</span><span>Credit sales = $825,000

</span><span>Cash collections from customers for the year = credit sales - (ending balance - beginning balance)

= </span>$825,000 - ($200,000 - $30,000)
= $825,000 - $170000
= $655,000

You might be interested in
The top global advertising firms have had a lot of mergers in recent years. why?
Tju [1.3M]
This is because of the rampant advertising activities that can be done through social media and other platforms related to the internet and the global network. The world has become too small already because of the presence of technology in the form of internet connection. The need for advertising firms is no longer that high because with just a click of a button you can already create your own advertising material and reach as many people as you can. This is the reason why a lot of top global advertising firms have seen a lot of mergers in the recent years of advertising.
5 0
3 years ago
Mann Corporation has been investing $18,000 for the last four years in an investment scheme that will mature at the end of the c
inysia [295]

Answer:

c. lump-sum amount

Explanation:

Lump-sum amount -

It refers to the one complete amount of money , is referred to as lump - sum amount .

A lump -sum investment ,. refers to the amount of money invested at one time .

Similarly ,

The returns can be lump - sum , where the person receives the complete amount at one go after maturation , is referred to as lump - sum amount .

Hence , from the given scenario of the question ,

The correct option is c. lump - sum amount .

5 0
3 years ago
Why is saving, spending and investing important? long summary
grandymaker [24]
Saving money is important because of you run in to a problem like your car breaking down you need to have money to fix it. Also saving money is important because you will able to do things like going on vacation. Investing is important because I one thing goes bad you still have other incomes coming in.

Hope this helps
3 0
2 years ago
The U.S. Treasury has Kleine Toymakers is introducing a new line of robotic toys, which it expects to grow their earnings at a m
ivanzaharov [21]

Answer:

The present  value of the dividends to be paid out over the next six years if the required rate of return is 15 percent is $6.57

Explanation:

Solution:

Given that

The present value =∑ ⁿ t=1 cf/ (1 +r)t

where cf= cash flow

r =the required rate of return

t = the number of years

Now

The present value will be:

cf₁/(1+r)^1 + cf₂/(1 +)^2 + cf₃/(1+r)3 + cf₄/(1 +r)^4) + cf₅/(1 +r)^5 + cf₆/(1+r)^6

Hence,

cf₁, cf₂ cf₃ = 0 as the firm does not expect to pay dividend in the next three years

Note: Kindly find an attached document of the part of the solution to this given question

3 0
2 years ago
Global reserves of oil, gas, and coal are still abundant. <br> a. True <br> b. False
tiny-mole [99]
I think the answer must be True! Because the scientist are uncertain of how long the resources will be last. Hope it helped you!  Have a great day! :)
3 0
3 years ago
Other questions:
  • Does a higher GDP imply high welfare. Why?
    14·1 answer
  • Your car needs a new engine and it cost $1,000. you currently have $600 to invest at 7% compound annually, how long will you hav
    11·1 answer
  • In 2018, DFS Medical Supply collected rent revenue for 2019 tenant occupancy. For income tax reporting, the rent is taxed when c
    5·1 answer
  • Drawing tree diagrams. After taking a course on statistics, 88% of students can successfully construct tree diagrams. Of those w
    9·1 answer
  • The Tipton Division of Dudley Company reported the following data last year: Return on investment 20 % Minimum required rate of
    8·1 answer
  • When the Fed adjusts its interest rate, it directly influences consumer
    13·2 answers
  • A producer with only one product has total fixed costs of $15,000 per month. In addition, it cost the producer $100 in variable
    12·2 answers
  • Seasons Construction is constructing an office building under contract for Cannon Company and uses the percentage-of-completion
    5·1 answer
  • In the Chase case, Chase segmented customers based on the types of rewards they preferred. Which segmentation strategy does Chas
    6·1 answer
  • Jessica submitted to cancel event request form to cancel event she is scheduled to conduct three weeks from today the only adver
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!