Solution-What was aro accounts receivable at the end

What was aro accounts receivable at the end

Assignment Help Managerial Accounting

Reference no: EM132552865

Question 1: ARO Inc. sold 10,000 units during its second month of operations at an average selling price of $8 per unit. Its Accounts Receivable balance at the start of the second month was $50,000. ARO collects all sales as follows: 60% during the month of the sale and 40% in the month following the sale. What was ARO's Accounts Receivable at the end of its second month of operations?

a) $32000

b) $50000

c) $135000

d) $82000

Reference no: EM132552865

Questions Cloud

How does businesses move from static activities : Research topic proposal- How does businesses move from static activities to strategic productivity using design thinking?

Which one of the statements best explains forecasting : Which one of the statements best explains forecasting? Forecasting is typically done based on demand for the goods and products (i.e., guest demand to a hotel)

Global logistic and supply chain management : What kind of suggestions and improvements can we give on unit "Global logistic and supply chain management"

Which variances shows the difference between actual amounts : Which variances shows the difference between the actual amounts paid for the goods sold and the budgeted cost amount for those goods?

What was aro accounts receivable at the end : Dduring the month of the sale and 40% in the month following the sale. What was ARO's Accounts Receivable at the end of its second month of operations?

Making decisions on cooperation with other companies : Imagine that you are being interviewed with a reporter from one of the most famous business magazines in the world. You are asked about your important memories

What should be the budgeted production for second quarter : Goods inventory at the end of each quarter equal to 20% of the next quarter's sales. What should be the budgeted production for the second quarter?

Advise of the gst obligations and the input tax credit : Advise of the GST obligations and the input tax credit of this arrangements to DK Pty Ltd and Mr. Dennis Denuto and advise Oliver and his employer

What the company sales volume variance was : 7,500 units at an average selling price of $18 per unit. Fixed and variable costs were as budgeted. The company's sales volume variance was

User Account

All Pages

What was aro accounts receivable at the end

Reference no: EM132552865

Reference no: EM132552865

Questions Cloud

Reviews

Write a Review

Managerial Accounting Questions & Answers

Manage budgets and financial plans

Prepare a retained earnings statement

Prepare a master budget for the three-month period

Construct the companys direct labor budget

Evaluate the predetermined overhead rate

Determine the company''s bid

Compute the pool rates for the different activities

Prepare Company financial statements

Prepare an analysis of terracycles

Discuss the ethical issues

Political resources in emerging markets

Management accounting - ehsan electronics company

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT