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olga55 [171]
3 years ago
12

The LaGrange Corporation had the following budgeted sales for the first half of the current year:

Business
1 answer:
Liono4ka [1.6K]3 years ago
8 0

Answer:

The total cash collected during January by LaGrange Corporation would be: $192,000

Explanation:

Total Credit Sales in December of the current year = $63,000/45% = $140,000

The total cash collected during January = Cash sales of January + 55% x Credit sales of January + 40% x Credit sales of December + uncollected November sales

The LaGrange Corporation has Cash sales of January of $40,000 and Credit sales of January of $140,000, uncollected November sales of $19,000

The total cash collected during January = $40,000 + 55% x $140,000 + 40% x $140,000 + $19,000 = $192,000

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Leo, a resident of Missouri, owns a warehouse in Nebraska. A dispute arises over the ownership of the warehouse with Opal, a res
Alexandra [31]

Regarding this suit, Nebraska has in rem jurisdiction.

Explanation:

It  is the legal term which defines the power over real or private property or the rights of an individual about whom the judge has no jurisdiction in personal.

For example, if a divorce couple wants a court to control its family home transactions, the court has access to the property.

Judgement in rem is a decision on the nature of a certain subject matter, or taken in a property case, with no knowledge of the claimant or of others involved in the land.

7 0
4 years ago
RKO Company sold bonds with a face value of $850,000 for $910,000. The bonds have a coupon rate of 8 percent, mature in 10 years
Alex73 [517]

Answer:

cash                910,000 debit

  bonds payable                 850,000 credit

  premium on BP                  60,000 credit

-- to record issuance of bonds --

interest expense 63700 debit

amortization                 4300 credit

cash                       68000 credit

--to record coupon payment at December 31th--

Explanation:

issuance:

cash proceed of 910,000 face value of 850,000 the 60,000 difference wil be a premium.

interest entry:

we multiply the carrying value of the bonds by the market rate

we calcualte the cash procees as ussual: face value x bond rate

the difference wil be the amortization on premium

910,000 x 7%  63,700

850,000 x 8% 68,000

amorization       4,300

5 0
3 years ago
The high entry barriers in a given industry​
arlik [135]

Answer:

<em>1</em><em>. </em><em>Economies of scale.</em>

<em>2</em><em>. </em><em>Capital requirements</em><em>.</em>

<em>3</em><em>. </em><em>Product differentiation. </em>

6 0
4 years ago
eating small amounts of sweet desserts can satisfy one's urge or craving for healthier food. true or false?​
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Answer:

I think eating healthier food would be better. Eating sweet desserts would be healthier than eating a lot, but you should still cut down and eat healthier foods. False

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3 years ago
Tom is a junk remover who occasionally finds rare antiques to sell. He uses an online auction site to sell each antique for the
Hunter-Best [27]

Answer:

Option (b) is correct.

Explanation:

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(i) First degree price discrimination or Perfect price discrimination

(ii) Second degree price discrimination

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4 years ago
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