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Vikki [24]
3 years ago
11

Crane Company has the following sales data: August September October November December Cash Sales $4000 $5000 $6000 $7000 $16000

Sales on Account $50000 $59,001 $65000 $74,490 $100000 Crane Company's credit customers have the following payment history: 40% in month of sale 57% in month following sale the rest are never collected What are budgeted cash receipts for September?
Business
1 answer:
umka21 [38]3 years ago
5 0

Answer:

<em>Collections for September is $ 57,100</em>

Explanation:

Computation of cash receipts for September

Collections from cash sales of September                                       $   5,000

Collections from credit sales of August - 57 % of $ 50,000           $  28,500

Collections from credit sales of September 40 % of $ 59,001       <u>$  23,600 </u>  

Total collections for September                                                        $  57,100

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Answer:

(A) market saturation

Explanation:

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This occurs because<u> the presence of other similar businesses, whether franchises or independently owned businesses in the market, creates lots of competition for the new franchise.</u>

6 0
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Your grandfather wants to establish a scholarship in his father’s name at a local university and has stipulated that you will ad
Paul [167]

Answer:

the answer for the first question is $166667.

the answer for the second question is $210526

the answer for the third question is An inverse.

Explanation:

given information that i will invest in a $10000 scholarship that will pay forever.

the interest rate charged is 6.00% per annum therefore this is a perpetuity present value problem where there is streams of income forever therefore we use the formula :

Pv of perpetuity= Cf/r

where Cr is the cash flows payed by the single investment forever in this case $10000 then r is the interest rate of the investment amount which is 6% in this case.

Pv of Perpetuity= $10000/6%

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in the second problem if now the interest rate is changed from 6% to 4.75% then the amount to be invested would be :

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the relationship is indirect cause as the interest rate decreases the present value of the perpetuity that must be invested increases.

3 0
3 years ago
Select the correct answer.
GrogVix [38]

Answer:

A

Explanation:

trust me it is

7 0
3 years ago
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irinina [24]

Answer:

letter a is the correct answer

Explanation:

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