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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

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Fiat money has an alternative use as an economic good, while commodity money did not. True or false
Drupady [299]

Answer:

False

Explanation:

Commodity money is money whose value comes from a commodity of which it is made. Commodity money consists of objects having value or use in themselves (intrinsic value) as well as their value in buying goods.

Fiat money is a currency without intrinsic value that has been established as money, often by government regulation. Fiat money does not have use value.

4 0
4 years ago
Corporate responsibility exists on several levels including all buta) ethicalb) legalc) economicd) profitablee) strategic
Bezzdna [24]

Explanation:

The statement is true.

Corporate responsibility is a concept that is no longer justified merely as a means for companies to exercise altruism, but rather as a means of achieving competitive advantage.

The concept emerged in the 70's as a means that companies should also act as transformers of society, that is, they should actively contribute to the reduction of ethical, legal, social and environmental problems, in order to adopt positive posture and actions. and beneficial to society.

In the information age, the relationship of the individual with organizations has evolved, and society is more charged for companies to exercise corporate governance, based on transparency and ethical and legal principles.

It must be performed at all organizational levels, and understand the external organizational environment, in compliance with legal and ethical standards.

The benefits from the practice of corporate responsibility are many, and exert strategic character that translate into competitive advantages, the company's image is strengthened, the perception of stakeholders increases, there is increased investment in the company, the compliance of organizational practices lead to improvement. continuous and others.

6 0
3 years ago
Jodi needs to protect her company's network from internal threats. What methods can she use?
kirill115 [55]
Require logins for network access & establish access privileges.

(Not sure if I’m right but it’s what I think)
3 0
2 years ago
Read 2 more answers
Encore Inc. declared an $80,000 cash dividend. It currently has 3,000 shares of 7%, $100 par value cumulative preferred stock ou
blsea [12.9K]

Answer:

$38,000

Explanation:

Before distributing dividends to common stockholders, Encore must first deal with the preferred stockholders.

preferred stock annual payment = 3,000 shares x 7% x $100 = $21,000

Since the company owes one year's payment to preferred stockholders, it must pay them two years now = $21,000 x 2 = $42,000

So Encore will have $38,000 (= $80,000 - $42,000) left to distribute to commons stockholders.

3 0
3 years ago
Minneapolis, MN has a CPI of 173. Anchorage, AK has a CPI of 226. How does the purchasing power of someone in Minneapolis earnin
nikdorinn [45]

Answer:

The answer is: C) The person living in Anchorage has $50.80/CPI more than the person in Minneapolis.

Explanation:

The Consumer Price Index (CPI) weighs the average prices of a basket of consumer goods and services. So the higher the CPI, the more expensive it is to purchase goods or services in that place.

The purchasing power of someone living in Minneapolis and earning $42,500 is $245.66/CPI; for someone living in Anchorage and earning $67,000 is $296.46/CPI. The difference between them is $296.46/CPI minus $245.66/CPI equals $50.80/CPI.

The person living in Anchorage has $50.80/CPI more than the person in Minneapolis.

6 0
3 years ago
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