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
xxTIMURxx [149]
3 years ago
8

6. Farmerlands, Inc. has budgeted sales for the months of September and October at $303,000 and $289,000, respectively. Monthly

sales are 80% credit and 20% cash. Of the credit sales, 50% are collected in the month of sale, and 50% are collected in the following month. Calculate cash collections for the month of October.
Business
1 answer:
QveST [7]3 years ago
5 0

Answer:

$294,600

Explanation:

Given that,

September sales = $303,000

October sales = $289,000

Monthly sales are 80% credit and 20% cash.

Of the credit sales, 50% are collected in the month of sale, and 50% are collected in the following month.

Cash collections for the month of October:

= 20% of October sales + 50% of the credit sales in October + 50% of the credit sales in September

= (0.2 × $289,0000 + (0.5 × 0.8 × $289,000) + (0.5 × 0.8 × $303,000)

= $57,800 + $115,600 + $121,200

= $294,600

You might be interested in
An individual who previously worked as a salaried corporate attorney loses his or her job. Subsequently, the individual now work
Licemer1 [7]

This individual has experienced structural mobility

Structural mobility:

It happens when societal changes enable a whole group of people to move up or down the social class ladder. Structural mobility is attributable to changes in society as a whole, not individual changes.

In the first half of the twentieth century, industrialization expanded the U.S. economy, raising the standard of living and leading to upward structural mobility. In today’s work economy, the recent recession and the outsourcing of jobs overseas have contributed to high unemployment rates. Many people have experienced economic setbacks, creating a wave of downward structural mobility.

When analyzing the trends and movements in social mobility, sociologists consider all modes of mobility. Scholars recognize that mobility is not as common or easy to achieve as many people think. In fact, some consider social mobility a myth.

What is structural social mobility ?

The concept of structural social mobility refers to change in the social position of many people due to changes in society itself.

Learn more social mobility :

brainly.com/question/26717828

#SPJ4

4 0
2 years ago
What is pure risk?<br> HELLPPP PLEASE
Colt1911 [192]

Answer:

Pure risk

Explanation:

To the best of knowledge, will it is a situation one finds him/herself in and doesn't know how to solve the issue but has only one possible outcome if it truly happens; which could be danger.

6 0
3 years ago
Read 2 more answers
What is the best advice for you to follow when writing a persuasive claim message?
svet-max [94.6K]
It must be debatable. Hope this helps
3 0
3 years ago
A company can choose to use FIFO inventory costing methods for the financial statement and can elect to use either LIFO or FIFO
Oduvanchick [21]

Answer:

A. True.

Explanation:

Companies can and often do use different costing methods for financial reporting and tax reporting. The only exception is when LIFO is used for tax reporting; in this case the IRS requires that it also be used in financial statements.

LIFO assigns the highest amount to cost of goods sold - yielding the lowest gross profits and net income , which also yields a temporary tax advantage by postponing payment of some income tax.

8 0
3 years ago
Consider some determinants of the price elasticity of demand: • The availability of close substitutes• Whether the good is a nec
kondor19780726 [428]

Answer:

Inelastic demand, Amputation procedure

Explanation:

The good with no close substitute is likely to experience inelastic demand because the consumer does not any close substitute to change to, this means that even when price is increased, the consumer is not likely to stop buying if the good is a necessary good.

The Amputation procedure will have least elastic demand because the diabetes sufferer does not have close substitute to change to when price increase while Diamond necklace is a luxury good, when the price is increased the consumer stop buying or switch to other luxury goods such as gold, silver that are equally used for decoration purposes.

8 0
3 years ago
Other questions:
  • Balancing trade is important because if a nation imports more than it exports,
    9·1 answer
  • Mr. and Mrs. Anderson own three shares of Magic Tricks Corporation's common stock. The market value of the stock is $60. The And
    12·1 answer
  • One evening while watching TV, your stomach growls. You see an ad for Subway. You walk to the Subway shop and buy a sandwich, wh
    15·1 answer
  • Which of the following competitors mentioned in the textbook should the owner of a Wendy's restaurant monitor closely due to its
    15·1 answer
  • You are going to deposit $26,000 today. You will earn an annual rate of 6.1 percent for 11 years, and then earn an annual rate o
    5·1 answer
  • A few years ago the British government was considering​ retiring, or buying back from​ investors, some outstanding consols that
    5·1 answer
  • Halsted Corp. has identified three cost pools in its manufacturing process: equipment maintenance, setups, and quality control.
    15·1 answer
  • Fixed vs variable cost preference. bates operates a kiosk at a local mall, selling duck calls for $30 each. the variable cost to
    6·1 answer
  • Runners Feet, a shoe store, orders one hundred pair of athletic shoes from Speedster Inc. Absent a contrary agreement between th
    12·1 answer
  • Creditors want to see that a company that owes them money has ______. Multiple choice question. liabilities that are greater tha
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!