"the ___________ is the highest-ranking is manager, responsible for all _____

The Model Company is to begin operations in April. It has budgeted April sales of $30,000, May sales of $34,000, June sales of $

almond37 [142]

Answer:

so Budgeted cash collections in June is $121500

Explanation:

given data

sale in month R1 = 15% = 0.15

sale month following R2 = 75% = 0.75

sale second month R3 = 5% = 0.05

sale uncollectible R4 = 5% = 0.05

Sales April A = $ 198,000

Sales May M = $ 117,000

Sales June J = $ 159,000

to find out

Budgeted cash collections in June

solution

we will find june Budgeted cash so

we will apply here formula that is

june collection = J × R1 ÷ M × R2 ÷ A × R3

put all value we get june collection

june collection = 159,000 × 0.15 + 117,000 × 0.75 + 198,000 × 0.05

june collection = 121500

so Budgeted cash collections in June is $121500

5 0

3 years ago

Your aunt is thinking about opening a hardware store. She estimates that it would cost $500,000 per year to rent the location an

Triss [41]

Answer:The answer is 1 B, 2.the giving up of her $50,000 per year job as an accountant, 3.True

Explanation:

The opportunity cost can be define as a sacrifice whether on the side of an individual, a firm or government. The opportunity cost is the forgone alternatives in order to acquire a product or a services. To an individual, who aims at maximizing his utility from his limited available resources he will have to allocate these limited resources to those wants that are most important. Opportunity cost help an individual to make a judicious use of his scarce resources. .The opportunity cost is also important to a firm because the firm has to choose to allocate its limited available raw materials in the production of a particular product with high demand at the expense of other products with low demand in order to maximize profit.

The opportunity cost to the government is in the preparation of the budget, the government can decide to allocate the available resources to the sector of the economy which is of high priority such as education at the expense of other sectors of the economy.

7 0

3 years ago

The 1040 form is used to collect?

Sphinxa [80]

The 1040 form is used to collect federal tax

7 0

3 years ago

Read 2 more answers

Suppose that your monthly net income is $2,540. Your monthly debt payments include your student loan payment and a gas credit ca

ira [324]

Answer: 30%

Explanation:

We should note that debt payments-to-income ratio is calculated as:

= Debt payment / Net income

= 762 / 2540

= 0.3 or 30%

Therefore, the debt payments to income ratio is 30%

6 0

3 years ago

Durango Co. desires to maintain an ending inventory equal to 10% of next month's cost of budgeted sales. Assume that Durango Co.

lakkis [162]

Answer:

Required purchase for October = $110,000

Explanation:

Given:

Ending inventory = 10% of next month's budgeted sales

Budgeted sales for October = $100,000

Budgeted sales for November = $200,000

Purchase for the month of October = ?

Calculation of Required purchase for the month of October :

Particular Amount

Budgeted sales of October $100,000

Add: Desired ending inventory($200,000 x 10%) $20,000

Total Inventory needed $120,000

Less: Beginning inventory($100,000 x 10%) $10,000

Required purchase for October $110,000

8 0

3 years ago

"the ___________ is the highest-ranking is manager, responsible for all ______ planning in the organization"

"the _____ is the highest-ranking is manager, responsible for all planning in the organization"