Assume a company is preparing a budget for its first two months of operations. During the first and
second months it expects credit sales of $50,000
and $60,000, respectively The company expects
to collect 40% of its credit sales in the month of
the sale, 55 % in the following month, and 51% is
deemed uncollectible. What amount of accounts
receivable (net) would the company report in its
balance sheet at the end of the second month ? |
$54,500; ($51; ($33,000; ($24,000

University car wash built a deluxe car wash across the street from campus. the new machines cost $219,000 including installation. the company estimates that the equipment will have a residual value of $19,500. university car wash also estimates it will use the machine for six years or about 12,500 total hours. actual use per year was as follows: year hours used 1 3,100 2 1,100 3 1,200 4 2,800 5 2,600 6 1,200 prepare a depreciation schedule for six years using the following methods: 1. straight-line. 2. double-declining-balance. 3. activity-based.

What type of budget is stated? a budget is a type of financial report that scrutinizes the inflow and outflow of money in a given financial year.

Contrast two economies that transitioned to capitalism and explain what factors affected the ease kf their transition as welas the “face” of capitalism that each has adopted