Answer:
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Explanation:
Answer:
Cash was collected from customers during the year was $ 104,100
Explanation:
Sales revenue = $120,000
Bad debt expense = 2.5% of sales
Therefore, Bad debt expense = $120,000 x 2.5% = $3,000
Thus, allowance for uncollectible accounts should have increased by $3,000. But it increased by $2,100.
Therefore, uncollectible accounts receivable of $900 ($3,000 - $2,100) were written off during that year.
Cash collected from customers = Sales revenue - Increase in accounts receivable - Uncollectible accounts written off
= $120,000 - $15,000 - $900
= $104,100
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Answer:
Product K1 = 16.9
Product S5 = 8.6
Product G9 = 10.4
Explanation:
Product K1 Product S5 Product G9
Contribution a $52.39 $20.64 $66.56
($147.39 - $95.00) ($112.64 - 92.00) ($215.56 - $149.00)
Number of Material
Required Per Unit b 3.1 2.4 6.4
Contribution margin
per pound 16.9 8.6 10.4
c = (a ÷ b)
Order in which products
should be produced
and filled 1 3 2
Answer: 1.20
Explanation:
The Portfolio beta will be a weighted average of the individual stock betas.
Portfolio beta = (22% * 0.88) + ( 23% * 0.94) + ( 42% * 1.34) + ( 13% * 1.79)
= 0.1936 + 0.2162 + 0.5628 + 0.2327
= 1.2053
= 1.20