Answer:
c.$209,160
Explanation:
Given that the cash received from each sale will be collected over 2 months. If 30% of mechanize is to be sold for cash, then 70% will be sold on account. Further more, 80% of the credit/sale on account will be collected in the month of sale and 20% in the following month.
Hence for October, cash collection will include 20% of credit sale from September and 80% of the credit sale in the month.
Given that sales in September is $250,000
Amount expected to sold on account
= $250,000 - (30% × $250,000)
= $175,000
Amount expected to be collected from this sale in October
= 20% × $175,000
= $35,000
Amount of credit sale in October
= $311,000 - (30% × $311,000)
= $217,700
Amount of this credit sale to be collected in October
= 80% × $217,700
= $174,160
Total collected from accounts receivable in October
= $174,160 + $35,000
= $209,160
Answer: B
Explanation:
Budgetary slack is a cushion created in a budget by management to increase the chances of actual performance beating the budget. Budgetary slack can take one of two forms: an underestimate of the amount of income or revenue that will come in over a given amount of time, or an overestimate of the expenses that are to be paid out over the same time period. Budgetary slack is generally frowned upon because the perception is that managers care more about making their numbers to keep their seats and gaming the executive compensation system rather than pushing company performance to its potential. Managers putting a budget together could low-ball revenue projections, pump up estimated expense items, or both to produce numbers that will not be hard to beat for the year. It also provides flexibility for operating under unknown circumstances, such as an extra margin for discretionary expenses in case budget assumptions on inflation are incorrect, or adverse circumstances arise.
Answer:
E
Explanation:
Full cost is total production cost + admin expenses + mark up.
Full cost =17*3200= 54400
Sales proceed = 3200*15=48000
Loss = 54400-48000=6400
Income decreases by 6400
<h3>
Answer:</h3>
C) 8 units of utility.
<h3>
Explanation:</h3>
- Marginal utility refers to the change in the total utility that is achieved from the consumption of one more unit of good.
- It is calculated by getting the change in total utility and dividing it by the change in the number of units consumed.
In this case;
First yields = 18 units
Second yields = 18 + 12 units = 30 Units
Third yields = 38 units
Therefore;
Marginal unit = 38 units - 30 units
= 8 units
Therefore, marginal utility is 8 units of utility.
