1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
marshall27 [118]
3 years ago
15

Faucet Company reported the following information for 2008: October November December Budgeted sales $620,000 $580,000 $720,000

All sales are on credit. Customer amounts on account are collected 50% in the month of sale and 50% in the following month. How much cash will Faucet receive in November
Business
1 answer:
max2010maxim [7]3 years ago
3 0

Answer:

Cash receipt for the month of November is $600000

Explanation:

The receipt of the cash will be such that the sales made in a particular month will be calculated half in the month of sale and half in the next month. Thus, the cash receipt from the accounts receivables for the month of November will be,

Cash received from the October sales = 620000 * 0.5 = $310000

Cash received from the November sales = 580000 * 0.5 = $290000

Total cash receipt in the month of November will be,

Cash receipt - November = 310000 + 290000

Cash receipt - November = $600000

You might be interested in
A podcaster has become quite talented at writing and producing content celebrating positive news. The podcaster bought professio
FromTheMoon [43]

create a budget this will help with his economic issues

5 0
2 years ago
Read 2 more answers
Students arrive at the Adminsitrative Office at an average of one every 24 minures, and their requests take on average 12 minute
larisa [96]

<u>Solution and Explanation:</u>

arrival time = 24 per minute, processing time = 12 minutes, number of servers = 1 ( work for 8 hours a days)

a. arrival rate = 60 divide 24 = 2.5 customer per hour, service rate = 60 divide 12 = 5 customers per hour

therefore, the probability that the operator will be busy = 2.5 divide 5 = 0.5

thus, the percentage of idle time = 1 minus 2.5 divide 5 = 0.50

Thus, the percenatge idle time is 50%

b. the average spent by a student waiting in a line = 2.5 / 5(5-2.5)

= 0.20 hours.

Thus, on an average a student spent 0.20 hours waiting in line.

c. the average number in waiting line = 0.5 customers

d. the probability for the given condition to happen is 0.25, 25%

4 0
3 years ago
A———— <br> Is a potential situation that a firm is equipped to take advantage of
olasank [31]

Opportunity often comes and it is a potential situation that a firm is equipped to take advantage of.

<h3>What is Opportunity?</h3>

Opportunity are potential that equipped a firm to take advantage of opportunities .

This is related to market, as it helps analyse external opportunities.

Therefore, opportunity often comes and it is a potential situation that a firm is equipped to take advantage.

Learn more on market opportunity here,

<em>brainly.com/question/8493674</em>

8 0
3 years ago
Which task does a busser generally perform?
Vera_Pavlovna [14]

If your taking about resturants a busser usually buss tables meaning they clean and make sure the table is nice and clean for the next customer who arives.

6 0
4 years ago
Gossip occurs when Jen and Kathy talk about _______.
Assoli18 [71]
Gossip occurs when Jen and Kathy talk about their coworker Ted.
6 0
3 years ago
Read 2 more answers
Other questions:
  • "Logistics" has essentially the same meaning as which of the following terms?
    5·2 answers
  • Scenario 26-3. Assume the following information for an imaginary, open economy.
    7·1 answer
  • Fixed costs can be defined as costs that A. are incurred only when production is large enough. B. vary inversely with production
    7·1 answer
  • Consider the futures contract written on the S&amp;P 500 index and maturing in one year. The interest rate is 5.8%, and the futu
    14·1 answer
  • Which of the following government actions would increase the supply of cars in the United States?a. the establishment of an exci
    10·1 answer
  • Why would having information be a requirement for a purely competitive market?
    9·1 answer
  • At Patio Products International, each supervisor receives direction and information from the managers above them and passes that
    8·1 answer
  • Suppose that there is asymmetric information in the market for used cars. Sellers know the quality of the car that they are​ sel
    12·1 answer
  • sheridan company had beginning inventory of $12600 at March 1, 2022. During the month, the company made purchases of $54600. The
    13·1 answer
  • Hospitals, colleges and universities, and museums fall into the ______ category of business customers. reseller market governmen
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!