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musickatia [10]
3 years ago
10

Hewitt Company expects cash sales for July of​ $11,000, and a​ 19% monthly increase during August and September. Credit sales of

​ $14,000 in July should be followed by​ 28% increases during August and September. What are budgeted cash sales and budgeted credit sales for September​ respectively?
Business
1 answer:
Anvisha [2.4K]3 years ago
0 0

Answer:

The correct answer for cash sales is $15,577.1 and credit sales is $22,937.6

Explanation:

According to the scenario, the given data are as follows:

Cash sales for July = $11,000

Increase rate = 19%

So, Cash sales for August = $11,000 × 119% = $13,090

Now, Cash sales for September = $13,090 × 119% = $15,577.1

Credit sales for July = $14,000

Increase rate = 28%

So, Credit sales for August = $14,000 × 128% = $17,920

Now, Credit sales for September = $17,920 × 128% = $22,937.6

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NemiM [27]

Answer:

$671,300

Explanation:

The calculation of adjusted basis in the building is shown below:-

Adjusted basis = Original cost of the property + Cost of capital improvements - Depreciation claimed

= $750,000 + $50,000 - $128,700

= $800,000 - $128,700

= $671,300

Therefore for computing the adjusted basis we simply add original cost of the property with cost of capital improvements and deduct depreciation claimed.

5 0
3 years ago
Blowing Sand Company has just received a one-time offer to purchase 10,000 units of its Gusty model for a price of $22 each. The
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Answer:

a. Accept the order

b. Increase in short-term profit of $50,000

Explanation:

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Therefore fixed costs are Irrelevant for this decision.

<u>Incremental Costs and Revenues - accept the special order</u>

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<em>Less</em> Variable Costs ( 10,000 units × $17each)         ($170,000)

Net Income                                                                  $50,000

The special order will result in an increase in short term profit of $50,000. Therefore, Blowing Sand Company should accept the order.

8 0
3 years ago
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Hewlett and Martin are partners. Hewlett's capital balance in the partnership is $64,000, and Martin's capital balance $61,000.
antoniya [11.8K]

Answer:$0

Explanation:

Because because Black must actually grant a bonus to Hewlett and Martin

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trapecia [35]

Answer:

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CR Wages Payable $58,090

(To record factory Labor Costs)

Workings

Work in Progress

Standard policy is to send the direct cost of Labor to the Work in Progress Account.

The Total direct cost of labor are all of the above except the Indirect cost.

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8 0
3 years ago
You just sold 500 shares of Wesley, Inc. stock at a price of $30.92 a share. Last year, you paid $32.04 a share to buy this stoc
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Answer:

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So, the capital gain on this investment is

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