Pingry Company's accounts receivable balance increased by $14,000 during the year. The company's income statement reports sales revenue of $437,500, all on account. How much cash was collected from customers during the year?
A. $451,500
B. $437,500
C. $423,500
D. None of these answers are correct.
Answer: C
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Robert is the CEO of a small firm which manufactures inverters. Company sales have been increasing, and Robert finds it increasingly difficult to manage the salespeople. The company has a sufficient number of salespeople, but they are not able to reach all current and potential customers. Robert also has difficulties in evaluating the performance of salespeople. What advice can you give Robert?
A. Robert can ask the salespeople to work overtime to obtain better coverage. B. Robert can ask salespeople to report directly to him, and he can use the authoritative management style. C. Robert can appoint more supervisors for managing and evaluating the sales force. D. Robert can manage the salespeople by assigning each of them to different groups of customers. E. Robert can hire more salespeople to have better sales coverage.
Who pays the freight cost when the terms are FOB destination?
A) the seller B) the buyer C) the customer D) either the buyer or the seller
US export controls apply to both exports and reexports
Indicate whether the statement is true or false
Fleisher Corporation is conducting a time-driven activity-based costing study in its Customer Support Department. The company has provided the following data to aid in that study:Fleisher CorporationCustomer Support DepartmentData InputsResource Data: Number of employees 19 Average salary per employee$33,600 Weeks of employment per year 50 Minutes available per week (40 hours × 60 minutes) 2,400 Practical capacity percentage 80%?Activity Data:Receiving CallsResolving IssuesSettling DisputesMinutes per unit of the activity182248?Cost Object Data:Customer SCustomer TCustomer UNumber of calls received30243Number of issues resolved17118Number of disputes settled100?On the Customer Cost Analysis report in time-driven activity-based costing, the total cost assigned to
Customer U would be closest to: A. $80.50 B. $0.00 C. $18.90 D. $61.60