What is the sales on account for the period

Assignment Help Accounting Basics
Reference no: EM131565308

Question - Franklin Company reported cash collections on account of $895,000 and an increase in accounts receivable of $13,500 during the same period. What is the sales on account for the period?

Reference no: EM131565308

Questions Cloud

Define main reason people use social media : Define main reason people use social media, initiate new relationships.
Asses the challenges faced by financial managers : Your essay should critically asses the challenges faced by financial managers due to changes in the macroeconomic environment.
At what time is the energy dissipated the greatest : The energy E(in J) dissipated by a certain resistor after t seconds is given by E = in (t + 1) - 0.25t.
Briefly describe four trends in the macro environment : Identify and briefly describe four trends in the macro/market environment their impact and implication.
What is the sales on account for the period : Franklin Company reported cash collections on account of $895,000, What is the sales on account for the period
Write about epilepsy and its effects on intelligence : Write a paragraphs about Epilepsy and its effects on intelligence
Research the project manager skills : Apply your explanation to the field of information technology by addressing the importance of project management for technology-based initiatives.
What should we change to improve our children''s education : What should we change to improve our children's education. Who is responsible for our children's education
Create a framework for your audit procedure : Create a framework for your audit procedure using the Audit Risk Approach. Explain the process that you will utilize to formulate your audit opinion

Reviews

Write a Review

Accounting Basics Questions & Answers

  If sales next year remain the same as last year and

last year sales were 140000 net operating income was 65000 and average operating assets were 300000. if sales next

  Cost relationships-normal costing system

Cost Relationships; Normal Costing System - cherry Hill Glass Company employs a normal costing system.

  Calculate the approximate fixed cost component of tanners

tanner inc. has incurred the following overhead costs over a 6 week period week machine hours overhead cost 1 68 1190 2

  Adjustment to record accrued salaries at the end of the year

Assuming the use of a two-column (all-purpose) general journal, a revenue journal, and a cash receipts journal as illustrated in this chapter, indicate the journal in which each of the following transactions should be recorded:

  To evaluate the financial operation and health of a

to evaluate the financial operation and health of a business ratio analysis is used. 1 provide the formula for current

  Medium inc had one class of stock outstanding the one class

medium inc. had one class of stock outstanding. the one class of stock was owned 50 percent by linda and 25 percent by

  For each of the following scenarios identify the

for each of the following scenarios identify the appropriate reporting opinion by selected matching option from the

  A company purchased equipment and signed a 7-year

a company purchased equipment and signed a 7-year installment loan at 9 annual interest. the annual payments equal

  Southworth company uses a job-order costing system

Southworth Company uses a job-order costing system and applies manufacturing overhead cost to jobs on the basis of the cost of direct materials used in production.

  Bond issue at the time of sale problem

The bonds were quoted at 94 and pay interest quarterly on September 30th and December 31st. What were the total proceeds of the bond issue at the time of sale?

  Compute the annual premium amortization

Compute the annual premium amortization using the straight-line method. Assume the bond is a short-term investment.

  Uma company production has variable overhead costs of 8 per

uma company production has variable overhead costs of 8 per direct labor hour and fixed overhead costs of 56000 per

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