A merger that joins two companies involved in different but related levels of an industry is a(n) ______ merger.
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Answer
The answer and procedures of the exercise are attached in the following image.
Explanation
The journal record is attached.
Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet.
Answer:
Total cash to be realized in March = $468,000
Explanation:
As for the provided information, the details are:
Realization of sales:
In the month of Sale = 70%
In the month following sale = 20%
In the next to month following sale = 10%
Thus, for the month of March: Realization shall be:
Sales of March = 70% = $525,000 70% = $367,500
Sales of February = 20% = $375,000 20% = $75,000
Sales of January = 10% = $255,000 10% = $25,500
Total cash to be realized in March = $468,000