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
mel-nik [20]
3 years ago
7

Forward Company makes all its sales on account. Forward's accounts receivable payment experience is as follows:

Business
1 answer:
8090 [49]3 years ago
4 0

Answer:

The expected cash receipts in the month of November are $160,600

Explanation:

Expected cash receipts in the month of November = 30% sales in the month of November + 65% sales in the month of October + 3% sales in the month of September.

Forward Company had sales in September of $120,000, in October of $140,000 , in November of $220,000

Expected cash receipts in the month of November = 30% x $220,000 + 65% x  $140,000 + 3% x $120,000 = $66,000 + $91,000 + $3,600 = $160,600

You might be interested in
By working in a series of positions with increasing responsibilities, the owner of Stonegate Gardens has built her interest in f
REY [17]
By working in a series of positions with increasing responsibilities, the owner of Stonegate Gardens has built her interest in flowers and plants into a career
3 0
3 years ago
Read 2 more answers
Creating, developing, retaining, and obtaining products and services that meet consumer needs is called _____.
Sophie [7]

Answer:

D. Product/service management

Explanation:

"Creating, developing, retaining, and obtaining...meets consumer needs" basically equals management

"Products and services"=product/service

Add them together is product/service management!

Let me know if you have any more questions :)

7 0
2 years ago
The Wheat Company has used the LIFO method for inventory valuation since the start of business 15 years ago. The current year en
yulyashka [42]

Answer:

Explanation:

Question 27

If Wheat Company had used the FIFO inventory method, income before income taxes would have been $75,000 higher in the current year. As inventory is an asset to the company. Therefore the $75,000 in inventory would have increased the company's asset and increasing the income before taxes.

Question 28

Other things held constant, which of the following will NOT affect the current ratio, assuming an initial Not yet current ratio greater than 1.0?

C. Accounts receivable are collected in cash.

Current ratio measures a company's ability to pay short-term obligations as at when due. It indicates that a company can manage its debts and other payable when their current assets is well managed.

It is calculated as Current Asset/ Current Liability. A ratio of 1 and above is the best meaning that a company an manage its debts obligations well.

3 0
3 years ago
Read 2 more answers
Amazon Prime, briefly mentioned in the case, is a subscription service that gives members free two-day shipping on hundreds of t
Leto [7]

Cheaper pricing, more attractive loyalty programmes, more convenient delivery options and better product range.

Explanation:

A website asked participants how much their average spending online is invested. Results suggest Amazon Prime subscribers buy more money overall; U.S. Prime affirms doing 53 percent of their online shopping, while Non-Prime members invest 50 percent in the United Kingdom.

As internet customers in general, they spoke to Prime members about Amazon being too strong, with 61% of British members and 69% of American Prime members claiming that they are worried with Amazon's increasing and stifling competition. Amazon is a big player.

The main reasons they asked for Amazon were: lower prices, more loyalty rewards, more flexible shipping choices and better product selection.

Prime Members quoted the main reasons they should choose another store over Amazon. In the United States 26% and in the United Kingdom 18% have reported that they enjoy interactions in-store.

4 0
3 years ago
Production and sales estimates for April for Crane Co. are as follows: Estimated inventory (units), April 1 19,000 Desired inven
melisa1 [442]

Answer:

a. 11,000 units

Explanation:

Particulars                                                               Amount

Expected Sales (units)                                            12,000 [3000+4750+4250]

Add: Ending inventory                                          18,000

Less; Beginning inventory                                      <u>19,000</u>

Number of units expected to be manufactured <u>11,000 </u>

5 0
3 years ago
Other questions:
  • Harmony is currently producing 100 units of a necessary component part by incurring $60,000 in direct materials, $12,500 in dire
    13·1 answer
  • Professor Frei suggests there are five distinct forms of customer-introduced variability including __________ in which some cust
    8·1 answer
  • You must evaluate the purchase of a proposed spectrometer for the R&amp;D department. The base price is $250,000, and it would c
    5·1 answer
  • How can you use spreadsheets both at home and at the office? describe the office business functions which can use electronic spr
    5·1 answer
  • What steps did fdr take in response to the economic improvements of 1935 and 1936?
    12·1 answer
  • Suppose that next year the U.S. will be in one of the following economic conditions: Boom, Moderate Growth, Recession, or Depres
    5·2 answers
  • True or false? Content marketing is a relatively new practice that became popular in the 1950’s with the boom of advertising fir
    7·2 answers
  • A bookstore organizes its stock by topic. It has a mystery novel section, a romance novel section, a how-to-do-it section, a tra
    12·1 answer
  • Discuss the six HRM practices from which companies can choose for implementing their strategy. Illustrate by specific examples.
    5·1 answer
  • Identify two ways lean production might be achieved
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!