Answer:
May's sales that are expected to be noncollectable are $7500.
Explanation:
The total collections from a months's credit sales is expected to be as follows,
35% in the month of sale
54% in the following month
6% in the second month after sale
The remaining is expected to be noncollectable.
The credit sales for a month are equal to 100%.
The percentage of noncollectable sales is = 100 - (35 + 54 + 6) = 5%
Thus, 5% of each month's sale is expected to be noncollectable.
May's sales that are expected to be noncollectable are,
Noncollectable Sales-May = 150000 * 0.05 = $7500
The answer is D. An increased interest rate. The bank will increase the interest rates on loans to get a return on their expences.
Answer:
investment after 6 years = $129.80
Explanation:
given data
invested = $110
simple interest = 3%
period = 6 years
to find out
How much will his investment be worth after 6 years
solution
first we get here interest that is express as
interest = invested amount × rate × time ..................1
interest = $110 × 3% × 6
interest = $19.8
and
investment after 6 years = invested amount + interest .................2
investment after 6 years = $110 + $19.8
investment after 6 years = $129.80
Answer:
A. The company paid a higher cost for the direct materials than allowed by the standards.
Explanation:
The following is a logical explanation for this variance:
Since, the standard quantity of raw materials to be used is 22 pounds x 500 units = 11000 pounds. The actual usage is 9500 pounds ony. Hence, variance in direct material price variance can be only due to higher cost of direct material purchased.
True! Instances of babies that are treated poorly both mentally and physically can equally affect the mental health of that child as they grow up.
