Answer:
The correct answer is E that is $74,520
Explanation:
The expected cash receipts for January from the current and past sales is computed as:
Cash sales for January = Budgeted sales × 20% cash collected
= $51,000 × 20%
= $10,200
Credit Sales is computed as:
For November is $13,000
For December = December Sales / 60 × 50
= $42,000 / 60 × 50
= $35,000
For January = Budgeted Sales × 80 %× 40%
= $51,000 × 80% × 40%
= $16,320
Total January Sales = Cash Sales + Credit Sales
= $10,200 + $13,000 + $35,000 + $16,320
= $74,520
The opportunity cost of holding money is the interest forgone on an alternative asset.
<h3>What is
asset?</h3>
An asset is any resource held or controlled by a business or economic entity in financial accounting. It is anything that has the potential to provide positive economic value. Assets represent ownership value that may be transformed into cash.
A business asset is something that has current or future economic worth to the company. In essence, assets for businesses encompass anything controlled and held by the company that is today valuable or has the potential to give monetary advantage in the future. Patents, machines, and investments are some examples.
Depreciation is the systematic distribution of an asset's depreciable amount throughout its useful life. The depreciable amount of an asset is equal to the asset's cost or another number substituted for cost, less its residual value.
To know more about asset follow the link:
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Answer:
$22,050
Explanation:
The computation of the total budgeted variable selling and administrative expenses for October is shown below:
Sales Commission (9,000 × $0.60) $5,400
Shipping (9,000 × $1.2) $10,800
Advertising (9,000 × 0.3) $2,700
Other (9,000 × .35) $3,150
Budgeted Variable Selling and admin expenses $22,050
We simply added all the variable selling and admin expenses so that the total could arrive
The answer is B. accurately reflect the change in production.
