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% (1 review)
To find out how much cash Fredski collected from his customers we need to calculate the ...View the full answer
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...
-
Explain what is meant by the central bank's loss function. How are the central bank's preferences reflected in the loss function? Draw the loss 'circles' for the cases where (a) \(\beta=1\); (b)...
-
Constantinides (1992) develops the so-called SAINTS model of the nominal term structure of interest rates by specifying exogenously the nominal state-price deflator . In a slightly simplified...
-
For 2015, Silver Corporation (a calendar year business) incurred the following transactions: Taxable income$3,950,000 Accelerated depreciation on pre-1987 real property (in excess of straight-line...
-
Posters.com is a small Internet retailer of high - quality posters. The company has $ 8 0 0 , 0 0 0 in operating assets and fixed expenses of $ 1 6 8 , 0 0 0 per year. With this level of operating...
-
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...
-
The cash account for Coastal Bike Co. at October 1, 20Y9, indicated a balance of $5,140. During October, the total cash deposited was $39,175, and checks written totaled $40,520. The bank statement...
-
The force vector F has a magnitude of F = 385 lb and acts at point A at an angle 0 = 17 with respect to vertical as shown. The force F is balanced by the tension forces parallel to the two rods AC...
-
D1 Justify the use of a specific moulding technique for the manufacture of a given product
-
the igniter is made of a wire with paper tape holding it . In the head of the igniter is a very thin wire surrounded by pyrotechnic material. Pressing the second switch allows more current to flow...
-
Problem - Process Costing Atticus Electronics produces travel batter pack chargers. The company uses a process costing system. The following information pertains to operations for November Percentage...
-
B . what is the wavespeed? C . What is the frequency? D . What is the wave number? E . At t = 0 . 4 9 s , what is the diplacement of the string at x = 5 . 2 m ?
-
Under IFRS, when revaluing a plant asset to fair value, do firms include all gains and losses in net income? Explain.
-
Ask students to outline the reasons why the various elements of culture (social structures and control systems, language and aesthetics, religion and other belief systems, educational systems, etc.)...
-
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...
-
Columbus Industries makes a product that sells for $37 a unit. The product has a $29 per unit variable cost and total fixed costs of $10,000. At budgeted sales of 1,950 units, the margin of safety...
-
18. Suppose that Maxima shares are selling for $10 per share and you own a call option to buy Maxima shares at $7.50. The intrinsic value of your option is:
-
ABC Insurance Company reported the following information on its accounting statements last year: What was ABC 's expense ratio last year
Study smarter with the SolutionInn App