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TiliK225 [7]
3 years ago
15

Seventy percent of Pitkin Corporation's sales are collected in the month of sale, 20% in the month following sale, and 10% in th

e second month following sale. The following are budgeted sales data for the company: January February March April Budgeted sales $200,000 $300,000 $350,000 $250,000 Total budgeted cash collections in April would be: Multiple Choice $175,000 $275,000 $70,000 $30,000
Business
1 answer:
Andrej [43]3 years ago
7 0

Answer:

$275,000

Explanation:

Cash collections in April = 70% of sales in April +20% sales in March + 10% sales in Febuary

= 70% * $250,000 + 20% * $350,000 + 10% * $300,000

= $275,000

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Yuliya22 [10]

Answer: Option (A) is correct.

Explanation:

An event planner or meeting planner is an individual who is responsible for bringing together every individual implicated in producing a get-together, incentive, special event. This individual understands the intent of the task, or organization's rationale. This requires working with a diverse range of people within the organization, also resources that are considered as external.

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3 years ago
You just received an offer in the mail to transfer your $5,000 balance from your current credit card, which charges an annual ra
NARA [144]

Answer:

number of payment is 3.05 payment

so correct option is b 3.05 payments

Explanation:

balance = $5000

annual rate r1 = 18.7 % = \frac{0.187}{12} = 0.01558

credit card charging r2 = 5.9% = \frac{0.059}{12} = 0.004917

payments P = $250  month

to find out

How many fewer payments will you have to make to pay off this debt if you transfer the balance to the new card

solution

we first find time t both rate by total balance formula that is

balance =  P * \frac{1-(1+r)^{-t}}{r}    ...........................1

here P is payment and t is time and r is rate

put here all value and find t for r1

balance =  P * \frac{1-(1+r)^{-t}}{r}  

5000 =  250 * \frac{1-(1+0.01558)^{-t}}{0.01558}

take log both side

log 0.6884 = log 1 - log(1+0.01558)^{t}    

t = 24.1519        .................2

and now put here all value and find t for r2

balance =  P * \frac{1-(1+r)^{-t}}{r}  

5000 =  250 * \frac{1-(1+0.00492)^{-t}}{0.00492}

take log both side

log 0.9016 = log 1 - log(1+0.00492)^{t}  

t = 21.1055         .....................3

so by equation 2 and 3

so no of payment will be 24.1519 - 21.1055

so number of payment is 3.05 payment

so correct option is b 3.05 payments

7 0
3 years ago
The two ethical ideals may be described as either _________ or ___________.
mote1985 [20]
The two ethical ideals may be described as either absolute or relative. The absolute ethic and the relative ethic are two types of ideals based on the subject affected by these ethics and the user of these ethics. The absolute ethic affects every subject without any additional consideration of a problem. The relative ethic affects every subject with the additional<span> consideration of a problem.</span>
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3 years ago
Moss County Bank agrees to lend the Allenson Brick Company $200,000 on January 1. Allenson Brick Company signs a $200,000, 6%, 9
horrorfan [7]

Answer:

  • The entry made by Allenson Brick Company on January 1 to record the proceeds and issuance of the note is

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