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
Brewery Company’s debt to Credit Service is past due. Credit obtains a judgment against Brewery, but the firm refuses to pay. Cr
aivan3 [116]

Answer:

mechanic's lien

Explanation:

From the question we are informed about how Brewery Company’s debt to Credit Service is past due. Credit obtains a judgment against Brewery, but the firm refuses to pay. Credit asks the court to order the seizure of Brewery’s property. In this case, This is a request for mechanic's lien.

Mechanic's lien can be regarded as security interest as regards title of a particular property, this is for the gains of everyone that are involved in supplier of labor as well as materials for the improvement of the property. The lien covers the real property as well as personal property. Mechanic's lien can be regarded as guarantee of payment for contractors as well as construction firms that are involved in building or repairing of structures.

5 0
3 years ago
Question 4 of 10
klasskru [66]

Answer: a I think

Explanation:

5 0
3 years ago
Which are characteristics of a free market economic system?
oksian1 [2.3K]

Answer:

Jfhfbtj

Explanation:

Jf9fhyl dkknihbe

4 0
3 years ago
______________ means tailoring products to meet the needs of a large number of individual customers. mass customization mass pro
Taya2010 [7]
Mass production - to produce custom products in large quantities
8 0
3 years ago
Jaron's Internet is not functioning. A person from which pathway would best aid Jaron in fixing the issues with his
zmey [24]

Answer:

a person in telecommunications

Explanation:

Since in the question it is mentioned that Internet of Jaron is not working so here the pathway that should be considered best and aid to fixing the issues with the internet if the person who is in telecommunication as the internet would be classify as the telecommunication part

Therefore the third option is correct

7 0
3 years ago
Other questions:
  • You are attending college in the fall and you need to purchase a computer. You must finance the purchase because your parents wi
    12·1 answer
  • Thornton Universal Sales' cost of goods sold (COGS) average $2,000,000 per month, and it keeps inventory equal to 50% of its mon
    7·1 answer
  • The _____ measures the dollar value at current market prices of all final goods and services produced annually by factors of pro
    9·1 answer
  • Souped Inc., a firm that manufactures ready-to-eat soups, offers incentives based on an employee's performance rating and the em
    12·1 answer
  • Kansas Enterprises purchased equipment for $72,500 on January 1, 2021. The equipment is expected to have a five-year service lif
    7·1 answer
  • An investor purchases one municipal and one corporate bond that pay rates of return of 8% and 10%, respectively. If the investor
    14·1 answer
  • IN planning a database and it's related tables it is important to consider
    9·1 answer
  • Presented below is information for Cullumber Company for the month of January 2017.
    9·1 answer
  • 1.
    15·2 answers
  • If you deposited $1,000 in a savings account that paid an annual percentage rate of 1 percent and that compounds quarterly, how
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!