Determine the anderson revenue for july

Assignment Help Financial Accounting
Reference no: EM133141435

Question - Anderson Lawn Service provides mowing and pest management services for a flat fee of $60 per lawn per month. During July, Anderson provided services to 87 customers and collected $4,980 in cash from customers, which included $420 for lawn care provided in June. At the end of July, Anderson had not collected from 11 customers who had promised to pay in August when they return from vacation. Determine the Anderson's revenue for July?

a. $5,220.

b. $4,560.

c. $4,980.

d. $5,640.

Reference no: EM133141435

Questions Cloud

May you disclose her plans to government authorities : What is the basic ethical issue? May you disclose her plans to government authorities? May you disclose her plans to news reporters
What the amount of cash flow from operating activities : Madison Company issued an interest-bearing note payable with a face amount of $12,000. What the amount of cash flow from operating activities
Find the value of the first payment : If a student chooses to make repayments of $4000 in 12 months and $8,000 immediately, find the value of the first payment using 6 months
Write a literature review on mechanistic study : Write a literature review on Mechanistic Study and Understanding of Native Chemical Ligation and Related Reactions
Determine the anderson revenue for july : During July, Anderson provided services to 87 customers and collected $4,980 in cash from customers, Determine the Anderson revenue for July
Calculate the monthly payment needed to amortize : You are considering borrowing $150,000 to purchase a new home. Calculate the monthly payment needed to amortize an 8%, fixed-rate, 30-year mortgage loan
List and discuss items to be included in gross estate : List and discuss items to be included in gross estate? What are the bases used for the valuation of gross estate
Explain purpose of each account to your specific business : List at least three asset accounts and three liability accounts you would expect your new business to have. Explain the purpose of each account
Prepare a schedule which shows expected cash receipts : Past experience indicates that 70% of sales each month are on credit. Prepare a schedule which shows expected cash receipts

Reviews

Write a Review

Financial Accounting Questions & Answers

  Who is right the CFO or the board member

The CFO is proposing that her company issues debt to repurchase shares, Who is right, the CFO or the board member

  Determine new prices of the bond after three years

Term to maturity for these bonds is 20 years. After 2 years, yield to maturity decreases by 1%. Determine new prices of the bond after 3 years

  Assignment - Financial Accounting Questions

On June 30, 2015, Martin Co. has assets of $22,000 and owners' equity of $5,000. What is the total of its liabilities on that date

  Prepare the appropriate adjusting entry for depreciation

Wardell Company purchased a mini computer on January 1, 2011, at a cost of $44,250. The computer has been depreciated using the straight-line method over an estimated five-year useful life with an estimated residual value of $4,500. Prepare the appro..

  What is a major goal of an operating manager

A marketing manager needs to be an important and informed member of the management team. Which answer best summarizes this statement?

  What account and amount would credit for transaction

On August 21 we issued 20,000 shares for $11 per share. What account(s) and amount(s) would we credit when we record the journal entry for this transaction?

  What is the net present value of this project

Variable costs are $3,000,000 and fixed costs are $2,500,000 per year. What is the Net Present Value (NPV) of this project

  How much would have to be donated to endow a chair

How much would have to be donated to endow a chair in your name if the salary and benefits were $100,000 and the interest rate was ?4%?

  What the breakeven sales level in dollars is

Tony retails his T-shirts for? $14.99 each and the variable cost per T-shirt is? $4.99. Based on this? information, What the breakeven sales level in dollars is

  What is the comparable figure after the restructuring

This will increase the debt-to-assets ratio to 60 percent and will cut times interest earned to 2. What is the comparable figure after the restructuring

  What is the value of the project to Wandering RV

Generate $36,950 per year during its six-year life. If its required rate of return is 10 percent, what is the value of the project to Wandering RV?

  Performance evaluations or incentive compensation plans

What are some of the causes that can be attributed to price and efficiency variances for labor and materials? Describe the production volume variance and if the variance should be used in management performance evaluations or incentive compensation p..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd