Number of Prepared Meals June 800 $3,615 July 546 $2,538 August 259 $1,321 September 693 $3,161 October 587 $2,712 November 479 $2,254 December 1,277 $5,637 Do not enter dollar signs or commas in the input boxes. Round all answers to 2 decimal places. Using the high-low method, What would be the expected cost of meals prepared for a month in which 582 meals are prepared? Variable Cost per Unit: $ Fixed Cost: $ Total Cost Incurred: $ Cost of Meals Month
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At the end of the accounting period, a financial statement is prepared by every company, then at that time while preparing the financial statement, the company determines among its total receivable amount how much portion of receivables is collected by the company during that accounting period.
Accounts Receivable
The word “account receivable” means the payment is yet to be made for the work that is already done. Generally, each and every business sells its goods and services either in cash or in credit. So, when the goods are sold on credit account receivable arise which means the company is going to get the payment from its customer to whom the goods are sold on credit. Usually, the credit period may be for a very short period of time and in some rare cases it takes a year.
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