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2 years ago

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On May 31, the Cash account of Teasel had a normal balance of $5,900. During May, the account was debited for a total of $13,100

and credited for a total of $12,400. What was the balance in the Cash account at the beginning of May?

1 answer:

KengaRu [80]2 years ago

5 0

5555555 explanation for what you wanna get you know how

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The account receivable turnover measures: Multiple Choice All of the options are correct. How often, on average, receivables are

denpristay [2]

Answer:

How often, on average, receivables are received and collected during the period

Explanation:

An account receivable is an accounting entry that measures the amount which a firm or organization will receive soon that is not paid yet by the customers. Likewise, account receivable turnover measures the average amount received and collected in a particular period. It helps to understand the average receivable amount and what must be changed to improve it.

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1 year ago

In 2019, Carson is claimed as a dependent on his parents' tax return. Carson's parents provided most of his support. What is Car

lana [24]

The tax laibility as calculated is $1036.

<u>Explanation:</u>

a.) Carson earnings $14000

Less: the Standard deduction $12000

Taxable income $2000

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less: Standard deduction $12000

Taxable income $7000

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Kiddie Tax is calculated as follows:

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Kiddie tax up to 2600 $260

Kiddie tax for over and above 2600 $576

$836

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2 years ago

How do the internet standards allow for greater commerce? what potential problems could we have if we did not have the ieee?

REY [17]

The Internet standards allow for greater commerce because it helps guide the information and commerce paths as they grow and as we move more and more toward digital operations. If we didn’t have the IEEE or their standards we would have utter chaos when it comes to technology and the level of digital communication and use that we have today on such a coordinated scale simply wouldn’t be possible. It would be like trying to pour water down a platform into a cup a distance away (symbol of worldwide digital coordination). The water can go anywhere it wants to within these guidelines and in the end we end up with water in the glass (i.e. worldwide digital coordination). This allows for an exponential growth in technology worldwide.

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2 years ago

A company's sales forecast would likely consider all of the following factors except:

mixer [17]

Answer:

The correct answer is letter "C": top management's attitude toward decentralized operating structures.

Explanation:

Sales forecasts have the purpose of providing companies with an idea of how their sales environment is going to be within a specific period. By forecasting, firms obtain objective information from inside and outside the company that allows them to maximize the distribution of their resources to cover the customers' demands in the future.

Thus, <em>an executive's attitude over decentralized operating structures is not relevant for sales forecasting.</em>

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1 year ago

T. James, owner, invested $20,000 cash in Sustain Company in exchange for common stock. 2 The company purchased $13,000 of furni

MrRa [10]

Answer:

Sustain Company

General Journal

1

Cash $20,000 (debit)

Common Stock $20,000 (credit)

<em>Owner investment in the company</em>

2

Office furniture $13,000 (debit)

Accounts Payable $13,000 (credit)

<em>Wood furniture purchased on credit</em>

3

Prepaid Insurance$2,400 (debit)

Cash $2,400 (credit)

<em>Insurance paid in advance</em>

4.

Accounts Receivable $12,000 (debit)

Service Revenue $12,000 (credit)

<em>Services rendered on credit</em>

12

Accounts Payable $13,000 (debit)

Cash $13,000 (credit)

<em>Payment to suppliers</em>

20

Cash $12,000 (debit)

Accounts Receivables $12,000 (credit)

<em>Cash receipts from customers</em>

21

Cash $12,000 (debit)

Common Stock $12,000 (credit)

<em>Owners invest cash in exchange of common stock</em>

30

Cash $14,000 (debit)

Deferred Revenue $14,000 (credit)

<em>Cash received for services to be rendered</em>

Explanation:

See journals and their narrations prepared above.

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2 years ago