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noname [10]
2 years ago
8

The BRS Corporation makes collections on sales according to the following schedule: 45% in month of sale 50% in month following

sale 5% in second month following sale The following sales have been budgeted: Sales April$160,000 May$180,000 June$170,000 Budgeted cash collections in June would be:
Business
1 answer:
swat322 years ago
3 0

Answer:

$174,500.

Explanation:

Budgeted sale in June would made up of the collections:

Month of sale collection

45% × June = 45% × 170,000 = 76500

Month following sale

50% × May sales = 50% × 180,000 = 90000

Second month following sales

= 5% × April sales =  5% × 160,000 =  8000

Budgeted cash collection for June

= 76,500 +90,000 +8,000

=  $174,500.

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Answer: The answer is $ 1 billion.

Explanation:

MPC stands for the marginal propensity to consume.

If MPC is 9 it implies that the multiplier is 10 i.e 1/(1-0.9). The rise in aggregate demand is equal to multiplier times change in government expenditures so to boost aggregate demand by 10 billion dollar government has to increase expenditure by Dollar 1 billion.

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A ___________ loan is one that is backed up by something of value.
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secure

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2 years ago
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3 0
2 years ago
Southern Tours is considering acquiring Holiday Vacations. Management believes Holiday Vacations can generate cash flows of $218
PIT_PIT [208]

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Explanation:

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So, We can calculate the amount Southern Tours willing to pay by using following formula:

We add the payment for 3 years by simple interest as:

=  \frac{payment (1st year)}{1+r^{t1}  } +\frac{payment (2nd year)}{1+r^{t2}  }  + \frac{payment (3rd year)}{1+r^{t3}  }

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4 0
3 years ago
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