Find the cash received from customers

Assignment Help Accounting Basics
Reference no: EM132634153

Question - H Company's accounting records show:

Credit sales for the year 600,000

Discounts provided for early payment 15,000

Opening balance of accounts receivable 100,000

Closing balance of accounts receivable 90,000

Required - Find the cash received from customers?

A. $600,000.

B. $610,000.

C. $595,000.

D. $590,000.

Reference no: EM132634153

Questions Cloud

Why do negative behaviors affect organizational success : In the study of human behaviors, organizational leaders must understand concepts such as values, attitudes, perceptions
Prepare journal entry : Tax rate is 30%. The financial year ends on 30 June. Prepare journal entry from 2018 to 2020 (revaluation model)
What obstacles do US organizations face : What obstacles do US organizations face that make it more difficult for them to implement JIT than their counterparts in Japan?
Determining the cost of getting a loan at a bank : If we were talking about bank loans, we would look at the cost of getting a loan at a bank.
Find the cash received from customers : H Company's accounting records show: Credit sales for the year 600,000. Find thecash received from customer
Determine if is achieving each of the CSFs : Determine if is achieving each of the CSFs. Analyze each CSF and use data from the measures indicated in the Balanced Scorecard as support for the conclusions
Explain what is meant by authority : Explain what is meant by authority. How can authority be centralized?
Prepare consolidated financial statements : Why did the parent entity have to prepare consolidated financial statements when the subsidiary company is a separate legal entity in its own right
Automated tool for sql injection and database : Discussing sqlmap, an automated tool for sql injection and database

Reviews

Write a Review

Accounting Basics Questions & Answers

  Describe the consequence of capital rationing

Discuss the trade-off between more competition among parts of an organization as a consequence of capital rationing and the perceived benefits.

  Compute the budgeted rate per unit of cost driver

Walters and Witt uses activity-based costing to determine the cost of its cases. Compute the budgeted rate per unit of cost driver for each cost pool

  What is dexter corporation tax basis for the property

Assuming the fair market value of Dexter Corporation stock is $100 per share, what is Dexter Corporation's tax basis for the property received from Alan

  What does zoe need to do

Zoe, the auditor, is working on a client that has consistently depreciated their equipment over 7 years. What does Zoe need to do

  Morning and afternoon test

Anyone who failed the test must take a retest. Since a greater percentage of students who took the morning test failed the test than students who took the afternoon test, more of Orlof's morning history students than afternoon history students wil..

  A company purchased an oil well for 25 million with a

a company purchased an oil well for 25 million with a residual value of 500000. it is estimated that 10 million barrels

  Why companies develop predetermined overhead rates

Borealis Manufacturing has just completed a major change in its quality control (QC) process. Previously, products had been reviewed by QC inspectors.

  Compute the amount of baron pension expense

Expected long-term (and actual) rate of return on plan assets 10%. Compute the amount of Baron's pension expense for 2016 and 2017

  Find the depreciation expense for the seventh year

Machinery acquired new on January 1 at a cost of $80,000 was estimated to have a useful life of 10 years, find the depreciation expense for the seventh year

  Compare the projected cost of one transaction

Hometown Bank is determining the price for its newest mini debit card. The card can be used at any retail outlet with a swipe reader. No PIN number or signature is required.

  Calcualte depreciation on the drilling machine

On march 30th 2016 calvin exploration purchased a drilling machine for 00,000. Calcualte depreciation on the drilling machine for 2016 and 2017 applying IFRS.

  Calculate the company overall break-even point

Calculate the company's overall break-even point in total sales dollars. Explain your methodology (approximately 2 pages)

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