Fredski Coaching School had accounts receivable of $30 000 at the beginning of the year and $60
Question:
Fredski Coaching School had accounts receivable of $30 000 at the beginning of the year and $60 000 at the year end. The revenue for the year was $120 000. How much cash did Fredski collect from his customers?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
Answered By
Samridhi Mehta
I am an enthusiastic teacher and an eternal student. It is my passion to help students understand concepts and to make concept learning a priority and focus heavily on base concept clarification. I have been teaching for over 6 years with different students across grades. I follow a grassroot level approach while teaching and believe that there is nothing difficult until one knows how to correctly explain things. It is important to assess the level at which an explanation of concept is required because each child has a different learning adaptability. I believe in teaching by providing analogies and examples as it increases relatability for the student. It is important to make learning a two-way method and I introduce many concepts through interactive activities. I inculcate a sense of trust from the beginning so that the student is comfortable communicating any queries or clarifications with no inhibitions. It is particularly important to open a transparent communication channel in order to make students honest learners. I also provide regular assessments and practise tests which are curated from multiple credible sources. In my experience of teaching I have found that every student has their own set of strengths and it is important to leverage them while teaching. Teaching comes naturally to me and it is more of a passion that anything else.
0.00
0 Reviews
10+ Question Solved
Related Book For
Accounting Information For Business Decisions Accounting
ISBN: 9780170446242
4th Edition
Authors: Billie Cunningham, Loren A. Nikolai, John Bazley, Marie Kavanagh
Question Posted:
Students also viewed these Business questions
-
The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...
-
Multiple Choice Questions Questions 1-6 use the following data. Sheehan Corporation formats operating cash flows by the indirect method. 1. How many items enter the computation of Sheehans net cash...
-
1 of 4 Set 1 UIBS United International Business Schools Class Work Mergers and Acquisitions 1. Rudy's, Inc. and Blackstone, Inc. are all-equity firms. Rudy's has 1,500 shares outstanding at al market...
-
Observer 1 rides in a car and drops a ball from rest straight downward, relative to the interior of the car. The car moves horizontally with a constant speed of 3.50 m/s relative to observer 2...
-
Under laminar conditions, the volume flow Q through a small triangular-section pore of side length b and length L is a function of viscosity , pressure drop per unit length p/L, and b. Using the pi...
-
Defendant Kenneth Blake was married to Charlene Hinton-Blake, who died in 2012. Three of Hinton-Blakes sisters, including Yvonne Hinton, assisted her with day-to-day care during a four-year period of...
-
The comparative balance sheet of Merrick Equipment Co. for Dec. 31, 2014 and 2013, is: The income statement for the year ended December 31, 2014, is as follows: Additional data obtained from an...
-
3) The cost and revenue function in dollar terms for a fast-food joint is given as follows: C(x)=200x+200 and R(x) = 50x X + 4 If x is measured in hundreds of units, what is the break-even point for...
-
Greengrass Mowing Service had operating expenses for the year of $60 000. At the beginning of the year, Greengrass owed $15 000 on accrued liabilities. The closing balance of accrued liabilities was...
-
Flightboat Ltd borrowed $60 000, issued $20 000 worth of ordinary shares, paid a dividend of $50 000 and the owner withdrew $10 000 in cash. What was Flightboats net cash provided (used) by financing...
-
On the basis of the following stockholders equity accounts, indicate the items, exclusive of net income, to be reported on the statement of cash flows. There were no unpaid dividends at either the...
-
Income tax deducted from interest paid on debenture is shown in A . Asset side of balance sheet B . Liabilities side of balance sheet C . Credit side of profit and loss account D . Debit side of...
-
Consider the following: Beginning inventory units 5,000 Ending inventory units 1,000 Predetermined fixed overhead rate $4 Absorption costing income $30,000
-
A company uses the weighted-average method in its process costing system. The company adds materials at the beginning of the process in the Assembly Department, which is the first of two stages in...
-
a Company should never enter a market where political risk is high. A ) True B ) False
-
A company uses a job costing system and applies overhead to jobs using a predetermined overhead rate based on direct labor-hours. The company had the following inventories at the beginning and end of...
-
Graph the given functions on a common screen. How are these graphs related?
-
If |62x|>9, which of the following is a possible value of x? A. 2 B. 1 C. 0 D. 4 E. 7
-
The following tables and attributes exist in a relational database: Draw an REA diagram for this database. State any additional assumptions you need to make aboutcardinalities. TABLE Vendor Purchases...
-
Refer to Figure and Table to write the query logic needed to answer the following questions. (Optional: If requested by your instructor, write your queries in SQL or a Query-By-Example graphical...
-
Hands-on practice in database design is important. Use a relational DBMS to implement the integrated REA data model presented in this chapter, or one of the integrated data models from the homework...
-
A company produces a brand of yoghurt for which the following two demand equations have 1. been estimated. (1) Q=3.6 0.2Py - 0.61 + (2.75) (-2.87) (-2.54) 0.7Pi (3.71) Number of observations = 60, R2...
-
4. The following table is the summary of sales in million dollar in three markets. The firms are listed in a descending order by sales (i.e., none of the firms included in "Others" has market sales...
-
2. Taking input prices as given, consider the following cost functions: C(91,92) = C(q1,0) C(0,92) = = F + cq1cq2992; F > 0, c > 0, > 0 F1 + cq1; F> 0 F2c92; F2 > 0 Assume that F1 + F2 < F. Derive...
Study smarter with the SolutionInn App