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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

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aleksandr82 [10.1K]

Answer:

The journal entry to record the merchandise return and the payment should be:

Dr Cash 2,940

Dr Sales discount 60

Dr  Sales returns and allowances 600

    Cr Accounts receivable 3,000

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Dr Merchandise inventory 600

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Explanation:

The sales returns and allowances account is used to record returned merchandise, while the sales discount account is used to record discounts for early payments or other types of sales discounts.

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Review the various strategies and assemble the strategies on the continuum from left to right in the order of magnitude from lea
sertanlavr [38]

Answer:

Following are the solution to this question:

Explanation:

In part A:

The following were it's less to one of the most foreign enterprises for businesses by using danger, contribution, and command.

  • Licenses
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  • Franchises
  • Fabrication of contracts
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In part B:

KFC- franchise

US Bank — Foreign Direct Investment

Soup by Campbell—Joint Venture/Strategic Alignment

Budweiser  Licensing

Exportation of international clients

Cell phone US —Manufacture of contracts

3 0
3 years ago
South Carolina is facing budget cuts. The number of employees needs to be reduced over the next three years at all state agencie
choli [55]

<u>Answer:</u> This approach is called attrition.

<u>Explanation:</u>

Attrition is the process of reducing the workforce of the company due to various reasons. Here South Carolina has lot of budget constraints which forces the state to reduce the in take of new employees. This approach can also be called as hiring freeze so that the payroll can be reduced instead of doing layoffs.

The strength of the state is reduced in order to reduce the expenses and money pay outs. When there is a deficiency in the budgets actions have to be taken accordingly to minimize the effects.

8 0
3 years ago
Peter, the owner of Happy Burger, is involved in the company's daily decisions and has established procedures for every task. Th
ohaa [14]

Answer:

mechanistic

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Mechanistic organization is the organization that is hierarchical and bureaucratic

It is characterized by its;

  1.  Highly centralized authority.
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Mechanistic organizations work well in stable, simple environments. Managers integrate the activities of clearly defined departments through formal channels and in formal meetings. Often, they feature many hierarchical layers and a focus on reporting relationships.

6 0
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What tips should you remember when creating a successful cover letter? Check all that apply.
Furkat [3]

Answer:

a. Use a traditional letter style

c. Proofread several times.

Explanation:

The cover letter is the letter in which the person describe himself or herself with respect to their qualifications, interest, strength, weakness, achievements so that the interviewer could get a better idea about the person who is giving the interview

While creating a cover letter as a successful he or she needs to use a letter style which is to be traditional plus he or she proofread several times as it there is any mistake so it could be edited

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