Avril Company makes collections on sales according to the following schedule: 60% in month of sale
30% in month following sale
10% in second month following sale:
Expected Sales
January $150,000
February $170,000
March $160,000
What is the budgeted accounts receivable balance on December 31?
a. $160,000.
b. $159,200.
c. $165,200.
d. $160,600.

Which value describes the desire to be one’s own boss? a. autonomy b. status c. security d. entrepreneurship

Transactions that affect earnings do not necessarily affect cash. identify the effect, if any, that each of the following transactions would have upon cash and net income. the first transaction has been completed as an example. (if an amount reduces the account balance then enter with negative sign preceding the number e. g. -15,000 or parentheses e. g. (15, cash net income (a) purchased $120 of supplies for cash. –$120 $0 (b) recorded an adjustment to record use of $35 of the above supplies. (c) made sales of $1,370, all on account. (d) received $700 from customers in payment of their accounts. (e) purchased equipment for cash, $2,450. (f) recorded depreciation of building for period used, $740. click if you would like to show work for this question: open show work

Which of the following would not generally be a motive for a firm to hold inventories? a. to decouple or separate parts of the production process b. to provide a stock of goods that will provide a selection for customers c. to take advantage of quantity discounts d. to minimize holding costs e. all of the above are functions of inventory.