Give the formulas under the direct method for computing (a) Cash receipts from customers and (b) Cash
Question:
Give the formulas under the direct method for computing
(a) Cash receipts from customers and
(b) Cash payments to suppliers.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 52% (17 reviews)
a Cash receipts from customers Revenues from sales b Purch...View the full answer
Answered By
Lamya S
Highly creative, resourceful and dedicated High School Teacher with a good fluency in English (IELTS- 7.5 band scorer) and an excellent record of successful classroom presentations.
I have more than 2 years experience in tutoring students especially by using my note making strategies.
Especially adept at teaching methods of business functions and management through a positive, and flexible teaching style with the willingness to work beyond the call of duty.
Committed to ongoing professional development and spreading the knowledge within myself to the blooming ones to make them fly with a colorful wing of future.
I do always believe that more than being a teacher who teaches students subjects,...i rather want to be a teacher who wants to teach students how to love learning..
Subjects i handle :
Business studies
Management studies
Operations Management
Organisational Behaviour
Change Management
Research Methodology
Strategy Management
Economics
Human Resource Management
Performance Management
Training
International Business
Business Ethics
Business Communication
Things you can expect from me :
- A clear cut answer
- A detailed conceptual way of explanation
- Simplified answer form of complex topics
- Diagrams and examples filled answers
4.90+
46+ Reviews
54+ Question Solved
Related Book For
Accounting Principles
ISBN: 978-0470533475
9th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
Question Posted:
Students also viewed these Accounting questions
-
To convert cash receipts from customers to revenue on an accrual basis, which of the following adjustments is necessary? Add ending Accounts Receivable. Subtract ending Unearned Service Revenue....
-
Smith Company had cash receipts from customers in 2005 of $152,000. Cash payments for operating expenses were $97,000. Smith has determined that at January 1, accounts receivable was $13,000, and...
-
Kelly Company had cash receipts from customers in 2012 of $142,000. Cash payments for operating expenses were $97,000. Kelly has determined that at January 1, accounts receivable was $13,000, and...
-
Laverty Clinic plans to purchase a new centrifuge machine for its New York facility. The machine costs $94,000 and is expected to have a useful life of 6 years, with a terminal disposal value of...
-
Refer to Table 4.1 on page 157. a. List the possible samples without replacement of size 3 that can be obtained from the population of five officials. If a simple random sample without replacement of...
-
If cosine, theta, equals, start fraction, 4, divided by, square root of, 26, end square root, end fractioncos= 26 4 and angle theta is in Quadrant I, what is the exact value of tangent, 2, thetatan2...
-
The probability that a wafer contains a large particle of contamination is 0.01. If it is assumed that the wafers are independent, what is the probability that exactly 125 wafers need to be analyzed...
-
A mixture of propane and butane is burned with air. Partial analysis of the stack gas produces the following dry-basis volume percentages: 0.0527% C 3 H 8 , 0.0527% C 4 H 10 , 1.48% CO. and 7.12% CO...
-
Consider the cubic polynomial P3(x) = 1 + x-2x + x, and rewrite it by the following polynomial: 3 93(x) = a; (x 1). j=0 Do so by determining the unknown constants a; for all j = {0, 1, 2, 3}. Use...
-
I thought lean production was supposed to make us more efficient commented Ben Carrick, manufacturing vice president of Vorelli Industries. But just look at Junes manufacturing variances for Zets....
-
Describe the direct method for determining net cash provided by operating activities.
-
Garcia Inc. reported sales of $2 million for 2010.Accounts receivable decreased $200,000 and accounts payable increased $300,000. Compute cash receipts from customers, assuming that the receivable...
-
Consider the following problems related to the specification of IIR filters (a) The magnitude specifications for a low-pass filter are 1 |H(e j )| 1 0 0.5 0 < |H(e j )| 0.75 i. Find...
-
Maria sat in the bright sunshine on the patio of her favourite Montreal deli waiting for her friend to join her for lunch. While waiting, she thought about her career options. Maria had finished her...
-
The decline in unit costs of a product or service that occurs as the absolute volume of production increases is known as __________. A. production effectiveness B. effective operations management C....
-
What is an inverse relationship? How does it graph? What is a direct relationship? How does it graph?
-
The intensity of rivalry among firms in an industry is dependent on __________. A. concentration of competitors B. high fixed or storage costs C. high exit barriers D. all of the above
-
Assess the industry attractiveness for the industry that Songkick, the subject of the You Be the VC 1.2 feature, will be participating in. YOU BE THE VC 1.2 Company: Songkick Web: www.songkick.com...
-
Briefly explain why a firm in a perfectly competitive market would generally face a horizontal demand curve. What implications do you think this has for the price of its product?
-
A police officer pulls you over and asks to search your vehicle because he suspects you have illegal drugs inside your car. Since he doesn't have reasonable suspicion to search your car, legally he...
-
What is wrong with saying, To apply LHopitals Rule to the limit use the Quotient Rule to differentiate ln(1 x)/x and then take the limit. lim X-0 In(1-x) X
-
Royce Service Center just purchased an automobile hoist for $15,000. The hoist has a 5-year life and an estimated salvage value of $1,080. Installation costs were $2,900, and freight charges were...
-
Tanaka Manufacturing Company is considering three new projects, each requiring an equipment investment of $22,000. Each project will last for 3 years and produce the following cash inflows. The...
-
Armando Company is considering a capital investment of $150,000 in additional productive facilities. The new machinery is expected to have a useful life of 5 years with no salvage value ....
-
China's giant property developer Country Garden has been declared in default on its debt after failing to make a bond repayment by a final deadline of October 18. A panel of global banks and...
-
Write a classification essay in 3 rd person that you can describe clearly and cleverly. Have a clear thesis in the introduction that clearly list their classification categories.
-
Why college are important?
Study smarter with the SolutionInn App