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Firdavs [7]
3 years ago
5

Wright Corporation began its operations on September 1 of the current year. Budgeted sales for the first three months of busines

s are $240,000, $300,000, and $420,000, respectively, for September, October, and November. The company expects to sell 20% of its merchandise for cash. Of sales on account, 70% are expected to be collected in the month of the sale, 25% in the month following the sale, and the remainder in the following month. The cash collections in September from accounts receivable are:
a. $%192,000
b. $%168,000
c. $240,000
d. $134,400
Business
1 answer:
Blizzard [7]3 years ago
7 0

Answer:

The collections in September from accounts receivable will be d. $134400

Explanation:

First we need to determine the amount of credit sales for the month of September.

Credit sales = total sales - cash sales

Credit sales- September = 240000 - (240000 * 0.2) = 192000

The credit sales for september will be $192000.

The question states that 70% of credit sales will be collected in the month of sale. So, September's collection from accounts receivables will be:

Collection- September = 192000 * 0.7 = 134400

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Answer:

d. 8%

Explanation:

The computation of the discount rate is shown below:

Initial investment = Present value of cash inflows

where,

Initial investment is $7,139,000

And, the present value of cash inflows

= Annual cash inflows × discount rate

We assume the discount rate be X

$7,139,000 = $1,000,000 × X

So,

X = 7139000 ÷ 1000000 = 7.139

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3 years ago
While the personal computer industry is flooded and growing with laptops and tablets, Malik recently bought a desktop, his first
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Answer:

A: Laggards.

Explanation:

  • Willingness of customers to try out new products.

There are 5 types of adapters, identified by Sociologist Evrett Roger in 1962:

  1. Laggards.
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  3. Early majority.
  4. Category captains.
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Laggards: These are those customers who adopt to new ways slowly, after those ways would have become normal for the world.

  • Such as malik realized the essential need for laptop lately, however the market was filled with the product.
6 0
3 years ago
The technical terminology or characteristic idiom of a particular group is called _____.
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ivolga24 [154]

Answer:

The correct answer is More formal and structured.

Explanation:

Also known as Business-to-consumer, that is why its acronym B2C refers to the commercial activity between a business and an individual consumer.

While this applies to any type of direct sales business to the consumer, it has been associated with online sales, also known as e-commerce. The e-commerce took off significantly in the late 1990s, with the Christmas shopping season of 1998 identified as the first “Christmas e-tail”. That year Amazon surpassed the billion in sales for the first time.

In recent years, the growth of those of online business-to-consumers have created significant challenges for businesses and services that are losing personal sales to their online competitors.

As a result, many businesses have established their own online presence to remain competitive. This has created opportunities for consumers, who can enjoy the convenience of ordering online while saving shipping costs with certain stores picking up or sending orders to the online store.

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2 years ago
"Your team is allocated a project involving a major client, the Beswick Company. Although the organization has many clients, thi
ser-zykov [4K]

Answer:

B. a high degree of centrality

Explanation:

According to the model of power, there are four contingencies of power which are; <u>centrality</u> ,substitutability, visibility and discretion and each may be high or low within the organization, depending on the scenario.

Centrality refers to <u>how dependent others are, on the person or group holding power, and to what extent the actions of those holding power can affect the people depending on them.</u>

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