On July 1, 2016, the Olympic Company had an accounts receivable balance of $40,000. During the month, the company made additional sales of $30,000 on account and collected $48,000. On July 31, the accounts receivable balance is:

Answers

Answer 1

Answer:

$22,000

Explanation:

Calculation for the accounts receivable balance

Using this formula

July 31 Accounts receivable balance=Opening Balance of Account Receivables + Credit Sales made – Cash Collection

Let plug in the formula

July 31 Accounts receivable balance=$40,000+$30,000-$48,000

July 31 Accounts receivable balance=$22,000

Therefore July 31 Accounts receivable balance is $22,000


Related Questions

Please Help!!!!!!!!!!!!! Watch the Video and Answer the Question!
Briefly describe in your own words the history of Capitalism and Socialism. How and where did each of these systems start? Describe how each system works. Use evidence from the video to support your answer.
Capitalism and Socialism: Crash Course World History #33:

Answers

Answer:

WHAT VIDEO

Explanation:

Answer:

uhm there is no video lol send a link and maybe i can help! :)

Explanation:

A bank has stock shares of $100,000, property assets of $90,000, and cash of $10,000. If households and businesses decide to deposit $50,000 in the bank as checkable deposits, the balance sheet will be ______. Multiple choice question.

Answers

Answer:

$100,000

Explanation:

A bank has stock shares of $100,000, property assets of $90,000, and cash of $10,000. If households and businesses decide to deposit $50,000 in the bank as check able deposits, balance sheet will be

Assets - cash = $ 60,000, property assets= $90,000, liabilities and net worth - check able deposits= $50,000 and stock shares= $100,000.

Lenny loves physics and math. In which Energy career pathway would these interests be the most helpful?
O Distribution
O Generation
O Analysis
O Transmission

Answers

Answer:

For t

Explanation:

it will be analysis

Answer:

analysis

Explanation:

What is resouces??.?​

Answers

Answer:

resources are a type of knowledge used in the mind and/or brain. basically gathering information from sites, text, stories, books, etc.

Explanation:

What is a major goal of ecotourism

Answers

Answer:

One of the main goals of ecotourism is to increase the awareness tourists have about the social conditions surrounding a travel destination. Such conditions as poverty are often hidden from tourists. Ecotourism aims to expose tourists to the realities of social and economic climates in an area.

Hope this helped! Good luck!! :)

Explanation:

Answer:

a major goal is to create experiences that benefit everyone equally, not just the tourist and stakeholders.

PLZ HELP!!!

Alison knows e-mail is an important form of communication when seeking employment. She is going to create an e-mail account for her job search communications. Which of the following e-mail addresses would be most appropriate for Alison to use?
a.
stud_ali
b.
blueeyedqt
c.
rebelprince86
d.
alison.s

Answers

Answer:

d. alison.s

Explanation:

It's the most simple and professional. rebelprince86 is to funky. stud_ali is more for a student. and blueeyedqt has nothing to do with her. Brainliest Please!!!

- Hermionia

For the purpose of starting her professional career, Alison must use a simple and professional email address like “alison.s”.

What is an email address?

E-mail or electronic mail address is the virtual user destination that ensures and enables communication to and from such user who has access to the email address as such.

For the purpose of employment application, Alison must use a simple and professional email address.

Hence, option D; Alison must use the email address like alison.s, as this will be the most appropriate one to be used.

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Russell United has 28,500 shares of stock outstanding and has two open seats on its board of directors. Each share of common stock is granted one vote. How many additional votes are required to guarantee a seat on the board if the company were to use straight voting rather than cumulative voting

Answers

Answer:

4,750

Explanation:

Calculation for How many additional votes are required to guarantee a seat on the board

First step is to Calculate for STRAIGHT VOTING

Using this formula

Additional Votes= ((Shares of stock outstanding/2)+1)

Let plug in the formula

Additional Votes=((28,500/2)+1)

Additional Votes=14,251

Second step is to calculate for CUMULATIVE VOTING

Using this formula

Additional Votes= ((Shares of stock outstanding/(Number of seats +1))+1)

Let plug in the formula

Additional Votes=((28,500/(2 +1))+1)

Additional Votes=9,501

Last step is to calculate How many additional votes are required

Using this formula

Additional votes =STRAIGHT VOTING additional vote-CUMULATIVE VOTING additional Votes

Let plug in the formula

Additional votes = 14,251-9,501

Additional votes = 4,750

Therefore How many additional votes are required to guarantee a seat on the board if the company were to use straight voting rather than cumulative voting is 4,750

Which aspect of organizing Is concerned with dividing a large task Into smaller tasks and assigning the tasks to the right employees? __________, which is an important part of the organizing function, Includes dividing a large task Into smaller tasks and assigning the same to the right employees.

Answers

Answer:

i think its division of labor but im not sure

Explanation:

its right on edmentum/plato i just took the test

Answer:

division of labor

Explanation:

plato answer

Provide 10%interest on capital value rs 2 lakh

Answers

The answer is 12 percent total

Answer:

show time at first there

Apps LLC enters into a contract with Birk, the chief executive officer of Corporate Sales Inc., to create an app for the firm. To fulfill the contract, Apps hires Dave as a student intern. With respect to the app contract, Dave is

Answers

Answer:

D. an incidental beneficiary.

Explanation:

These are the options for the question

A. an intended beneficiary.

B. a promisee.

C. a promisor.

D. an incidental beneficiary.

From the question we are informed about Apps LLC who enters into a contract with Birk, the chief executive officer of Corporate Sales Inc., to create an app for the firm. To fulfill the contract, Apps hires Dave as a student intern. In this case With respect to the app contract, Dave is an incidental beneficiary. A contract can be regarded as an agreement that exist between two parties and It is legally back up. An incidental beneficiary from this contract can be regarded as the third party that just get some benefits from a contract that exist between two other parties in an agreement, even though the benefits the third part gets is not intended to get it, and there is no legal right for the third party as far as the contract is concerned.

plz help me wit dis ill give robux XD lol

Answers

Answer:

I'm going to guess here and say efficiency, trustworthiness, and patience

Answer:

efficiency

trustworthiness

courteousness

patience

Explanation: cause i got it right and stop lying curious george goku

Bill purchased 2,000 shares of stock for $22 per share. He sold them for $33. Express his capital gain to the nearest tenth of a percent.

Answers

Answer:

50%

Explanation:

capital gain is the difference between the selling price and the buying price

Purchase price = 2,000 x 22 =$44,000

Selling price =2,000 x 33 =$66,000

capital gain = $22,000

Gain as a percentage

= $22,000/44,000 x 100

=0.5 x 100

=50%

A rise in the interest rate increases the opportunity cost of consuming today. increases the opportunity cost of consuming in the future. decreases the opportunity cost of consuming today. decreases the opportunity cost of consuming in the future.

Answers

Answer:

increases the opportunity cost of consuming today

Explanation:

Consumption today is inversely related to interest rate.

If interest rate rises, consumption falls and if interest rate falls, consumption increases.

If interest rate is higher, the amount that can be earned on savings increases and this increases the incentives to save more now and consume less today.

A plan for a career starting in two years:
a) Will give you less opportunities than a career starting right away
b) Means that no plans or training are necessary, since the goal is two years away
c) Cannot benefit from talking to a counselor or consulting a book
d) Will give you more opportunities than a career starting right away
It’s on knowledge matters for my business class !

Answers

Answer:a) Will give you less opportunities than a career starting right away

wrong

Explanation:

A plan for a career starting in two years d) Will give you more opportunities than a career starting right away.

How can this career give more opportunities ?

Choosing a plan for a career starting in two years can potentially provide more opportunities compared to starting a career right away.   Taking the time to plan for a career starting in two years allows for more preparation, skill development, and networking opportunities, which can ultimately lead to a wider range of career options.

You will have more time to research your options and find the right career for you. You will have more time to gain the necessary skills and experience. You will have more time to network with people in your field and build relationships.

In conclusion, option D is correct.

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Question 6
Cash flow is divided into two parts: cash
and cash

Answers

Answer: Cash Inflows and Cash Outflows

Explanation:

Cash inflows refers to those activities that are bringing cash into the company. These increase the cash balance and include things like sales revenue, share sales or loan acquisition.

Cash outflows take money out of the business and therefore reduce the cash balance. They include expenses, fixed asset acquisitions and investments in other company securities.

What is the population of Quito? Give a simple Answer
less than 500,000
about 850,000
over 1 million
3 million

Answers

Answer:

over 1 million

Explanation:

It has been over 1 million for the past couple years, in 2019 it was just below 2 million.

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Sung owns a plumbing supply store. One of his clients, Village Plumbers, has a charge account with his store. This month Village Plumbers charged 200 feet of pipe at $0.40 per foot, 150 elbow joints at $0.75 per elbow joint, and 36 outdoor faucets at $2.49 per faucet. Sung must charge 5.5% sales tax on all items sold? What is the balance on Village Plumbers’ charge account?

Answers

Answer:

$297.66

Explanation:

The total costs of the items would be

200 feet pipe :  200 x $0.40 = $80.00

150 elbow joints:  150 x $0.75 = $112.50

36 outdoor faucets: 36 x $2.49 =$ 89.64

Total cost          =$282.14

add 5.5% tax

=5.5/100 x $282.14         =$15.52

Total       $297.66

The balance on Village Plumbers’ charge account =$297.66

During a recession, a number of workers have their hours reduced by their employers. All else the same, the unemployment rate will ________ and the labor force participation rate will ________. Group of answer choices

Answers

Incomplete question. I answered from a general economic standpoint.

Answer:

stay the same; decrease

Explanation:

Remember, in this scenario, it wasn't as though the mentioned workers lost their jobs, they only had their hours reduced by their employers; so they are not unemployed. This, therefore, implies that the unemployment rate will stay the same.

The labor force participation rate in simple words refers to the percentage of those who are currently employed or looking for a job within an economy. If the working hours are reduced, it may diminish the zeal among the workforce of an economy to work or find work because they may perceive they''ll earn less.

What are the eight differences between personal selling (direct contact) and non-personal selling (indirect contact, such as Internet sales)?

Answers

Answer:

see below

Explanation:

Personal selling is popularly known as a face to face selling or direct selling. In personal selling, the salesperson engages a potential customer in a conversation to persuade them to buy. This type of selling requires the physical presence of a salesperson engaging in a one-on-one conversation with the clients. Its success largely depends on the selling skills of the salesperson.

Non-personal selling is the use of advertisements to persuade customers to buy. There is no direct meeting between the seller and buyer; hence the term indirect, impersonal, or non-personal selling. Non-personal selling uses print media, broadcast media, and digital platforms to reach out to customers.

Lavonda’s very wealthy grandmother recently died. After her death, everything she owned totaled $1,000,000. However, her family was only given $700,000. What MOST likely happened to the other $300,000?

It was used to cover income taxes.

It was used to cover sales taxes.

It was used to cover excise taxes.

It was used to cover estate taxes.

Answers

Answer: wrong it is estate taxes

Explanation:

The most likely event happened to the other $300,000 that It was used to cover estate taxes. Thus last option is correct.

What is the meaning of Estate taxes?

Estate Tax refers to the form of the tax in which a charge placed on a property owner's ability to transmit their possessions to others after passing away that takes the shape of a percentage of their taxable estate.

According to the above situation, the death of the Lavonda’s grandmother led to the implementation of the Estate Tax on her wealth of $1,000,000.

Therefore, the taxable estate to be included is  $300,000. Thus last option is correct.

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9. The controlling function of management could also be described as (1 point)
supervision.
O accounting
O oversight
O evaluation

Answers

Answer:

D) evaluation

Explanation:

took the test

The output effect means that a firm will ______. Multiple choice question. sell more of one input when the price of another input falls and less of that particular input when the price of the other input rises purchase more of one input when the price of another input falls and less of that particular input when the price of the other input rises purchase less of one input when the price of another input falls and less of that particular input when the price of the other input rises purchase more of one input when the price of another input rises and less of that particular input when the price of the other input rises

Answers

Answer: Purchase more of one input when the price of another input falls and less of that particular input when the price of the other input rises

Explanation:

The Output effect is meant to explain what happens when the price of an input changes. If an input price increases for instance, production costs will rise and the company will have to buy less of other inputs to keep costs stable.

Conversely, if the price of other inputs fall, the company will see production costs fall which will enable them to purchase more of inputs which didn't change in price.

What nose ring? Should I use

Answers

a studddddd cause they look the best.

Which government agency oversees the Bureau of Consumer Protection?

Federal Deposit Insurance Corporation
Federal Trade Commission
National Credit Union Administration
Office of the Comptroller of the Currency

Answers

Answer:

Federal Trade Commission

Explanation:

The Federal Trade Commission was established in 1941 by the Federal trade commissions Act. Its mandate is the enforce laws that prohibit anti-competitive business activities and protect consumers from deceptive and unfair trade practices. The commission seeks to have better customer decisions by promoting consumer awareness on fair business competitive processes.

FTC also seeks to protect consumers from misleading or false business advertisements. It investigates consumer complaints and prosecutes traders believed to have broken the law.

On May 31 of the current year, the assets and liabilities of Riser, Inc. are as follows: Cash $21,500; Accounts Receivable, $7,400; Supplies, $750; Equipment, $12,150; Accounts Payable, $9,500. What is the amount of owner's equity as of May 31 of the current year

Answers

Explanation:

On May 31 of the current year, the assets and liabilities of Riser, Inc. are as follows: Cash $21,500; Accounts Receivable, $7,400; Supplies, $750; Equipment, $12,150; Accounts Payable, $9,500. What is the amount of owner's equity as of May 31 of the current year

Gross domestic product measures Group of answer choices the value of all output in the economy. the total income of everyone in the economy. the total spending of everyone in the economy. all of the above

Answers

Answer:

the value of all output in the economy.

Explanation:

Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year

GDP calculated using the expenditure approach = Consumption spending by households + Investment spending by businesses + Government spending + Net export

Net export = exports imports

When exports exceed import there is a trade deficit and when import exceeds import, there is a trade surplus.

Items not included in the calculation off GDP includes:

services not rendered to oneself

Activities not reported to the government

illegal activities

sale or purchase of used products

sale or purchase of intermediate products

Nominal GDP is GDP calculated using current year prices while Real GDP is GDP calculated using base year prices. Real GDP has been adjusted for inflation.

Insurance sales, tax preparation, personal financial advising, and investment fund management are careers in which workers can be self-employed. Which careers have the highest and lowest self-employment rates?

Insurance sales has the highest rates, and tax preparation has the lowest rates.
Personal financial advising has the highest rates, and investment fund management has the lowest rates.
Investment fund management has the highest rates, and insurance sales has the lowest rates.
Tax preparation has the highest rates, and personal financial advising has the lowest rates.

Answers

Answer:

Its B got it right on the test

Explanation:

The careers that have the highest and lowest employment rates are the personal financial advising a the has the investment fund management. Hence the option B is correct.

Want is an insurance sale?

An insurance sale is a type of sale that is done by the salesman who is an employee of the insurance company and his job is to advise to sell the insurance policies and thus is responsible for the point of financial advisory. It is thus necessary to rely on the advice of the salesman.

Find out more information about the insurance sales:

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Why would a bank be more likely to make a loan to someone with a FICO score of 750 rather than someone with a score of 500? a) The higher the score, the greater the interest rate the lender can charge the borrower b) The closer the score to zero, the less the person owes in debt to other companies c) The higher the score, the less risk to the lender that the borrower will be past due on their payments d) None of the above

Answers

Answer:

c) The higher the score, the less risk to the lender that the borrower will be past due on their payments

Explanation:

Fair Isaac Corporation scores are used to measure the creditworthiness of a borrower. The higher the credit scores, the higher the chances of the borrower paying back what was borrowed. Credit scores are in ranges. Credit scores below 500 are rated as Poor and indicates that the borrower's chances of returning what was borrowed are very low.

Credit scores between 740-799 are rated as very good and indicate that the borrower would be prompt in the repayment of his loan.

Answer: the higher the score, the less the risk to the lender that the borrower will be past due on their payments

Explanation:

Question 6
In which of the following lists of mixed economies does the free market system dominate?
CubaGreece, China, United States
North Korea, France, South Africa
United States United Kingdom, Singapore, Canada
Russia, Peru, France, Canada

Answers

Answer:

United States United Kingdom, Singapore, Canada

Explanation:

The free market system is an economic model where demand and supply forces determine production.  The government does not interfere with economic transactions in the country. In the free market economy, the factors of production are in the hands of the private sector.

Free-market economies contrast with command economies where the government owns and controls production the factors of production. China, Russia, North Korea, and Cuba are countries with command economic model.

Net present value is the difference between the: present value of future net income and the capital investment. future cash inflows and the capital investment. future cash inflows and the present value of the capital investment. present value of future net cash flows and the capital investment.

Answers

Answer:

A. present value of future net income and the capital investment.

Explanation:

Net present value is the difference between the present value of future net income and the capital investment.

Project management can be defined as the process of designing, planning, developing, leading and execution of a project plan or activities using a set of skills, tools, knowledge, techniques and experience to achieve the set goals and objectives of creating a unique product or service.

Generally, projects are considered to be temporary because they usually have a start-time and an end-time to complete, execute or implement the project plan.

The net present value (NPV) of a project can be defined as the difference between present value of cash-inflow into a project and that of cash-outflow over a specific period of time. Thus, it is simply the value of all cash-flows for a project with respect to its life span.

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Which vocabulary word means: gradually get slower? Which diagram shows an element? Young's double slit experiment is one of the quintessential experiments in physics. The availability of low cost lasers in recent years allows us to perform the double slit experiment rather easily in class. Your professor shines a green laser (568 nm) on a double slit with a separation of 0.107 mm. The diffraction pattern shines on the classroom wall 3.5 m away. Calculate the fringe separation between the third order and central fringe. HELLPPP PLEASE!!!!What is the meaning of the the point (4, 22)?and am I wrong for the first one? 5. Ito ay pagtukoy sa lokasyon ng bansa gamit ang longhitud at latitud.a. Bisinalb. Absulutoc. Insulard. Relatibo Read the passage from Animal Farm."You have heard then, comrades," he said, "that we pigs now sleep in the beds of the farmhouse? And why not? You did not suppose, surely, that there was ever a ruling against beds? A bed merely means a place to sleep in. A pile of straw in a stall is a bed, properly regarded. The rule was against sheets, which are a human invention. We have removed the sheets from the farmhouse beds, and sleep between blankets. And very comfortable beds they are too! But not more comfortable than we need, I can tell you, comrades, with all the brainwork we have to do nowadays. You would not rob us of our repose, would you, comrades? You would not have us too tired to carry out our duties? Surely none of you wishes to see Jones back?"Which statement best describes how propaganda reinforces one of the themes of Animal Farm in this passage?It demonstrates that loyalty is rewarded in totalitarian governments.It demonstrates that corruption is at the center of totalitarian governments.It demonstrates that revolution is a constant threat to totalitarian governments.It demonstrates that written law is the best way to protect against totalitarian governments. Which of the following is not one of the five geographic regions found in North America?a.Southern Regionb.Canadian Shieldc.Great Plainsd.Caribbean Region This is from the same project that I was struggling with and was similar to the other problem but I couldn't figure it out. Describe the water cycle process starting from an afternoon thunderstorm. There are many different variations that could happen. 12 m9 mWhat is the length of the hypotenuse?C =meters How much is left on the card after Carl has seen the maximum number of movies The latest constitution created 3 branches of government: Legislative, Executive, and Judicial. Its 8:40 What time will it be in 3/4 hour A consistent, dependent system of equations is a system with __________. (1 point)only one lineintersecting lines that have different slopes and different y-interceptsintersecting lines that have the same slope but different y-interceptsintersecting lines that have the same slope and the same y-intercept Please help and find how many does each thingy equal In the mid 1770s most colonist thought the idea of the abolition of slavery was: you showed me what true love is really like and made my confidence come back :) couldn't have asked for anything better!! Which statements about sugarcane production in antebellum Louisiana are true? Check all that apply.Sugarcane needed to be grown in a warm climate.Sugarcane could be grown in most areas of the state.Sugarcane required large amounts of land. Sugarcane was labor-intensive and required many laborers.Sugarcane required expensive equipment for processing. I NEED HELP WITH THIS ASAP THERE IS ALSO ONE MORE QUESTION TO THIS PROBLEM PLEASE HELP Mark and Luke are twin brothers. Mark is getting an A in math; Luke is getting a C. Luke thinks, "There is no point in trying, Mark is just better at math than me." Which of these statements is true? Mark was just born smarter than Luke in math. If Luke tries harder on assignments, he will probably keep failing. Mark should be tutoring Luke in math. Luke can get better at math if he challenges his brain to practice.