Answer:
The answer is $137,600
Explanation:
Budgeted sales for September = $110,000
Budgeted sales for October = $170,000
Credit sales for September:
0.6 x $110,000
$66,000
90% will be collected the following month (October)
0.9 x $66,000
=$59,400.
Credit sales for October:
0.6 x $170,000
$102,000
10% will be collected the same month (October)
0.1 x $102,000
=$10,200
Cash sales in October
0.4 x $170,000
$68,000
The total October cash collections from customers is
$59,400 + $10,200 + $68,000
= $137,600
Answer:
The prices likely rose to a point where Supply exceeded Demand, thus prices fell so the market could be in equilibrium
Explanation:
<span>3.7%. The alpha is equal to 0.12 times (0.05 + 1.1(08-.05)).</span>
Answer:
Record date
Explanation:
Record Date is the date set by the company on which the Investors should hold the shares to be eligible to receive dividend, share split, bonus, rights issue or other gains. It is the date decided by the company to decide which investors are eligible to receive dividends, bonus or rights issue.
Therefore, The November 30 2017 is referred to as the record date.
