1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ololo11 [35]
3 years ago
14

Frankie's Chocolate Co. reports the following information from its sales budget: Expected Sales: July $ 90,000 August 110,000 Se

ptember 120,000 Cash sales are normally 25% of total sales and all credit sales are expected to be collected in the month following the date of sale. The total amount of cash expected to be received from customers in September is:A) $ 78,000 B) $ 108,000 C) $ 120,000 D) $ 130,500
Business
1 answer:
frozen [14]3 years ago
4 0

Answer:

B) $ 108,000

Explanation:

September cash sales

(25% * $120,000) = $ 30,000

August credit sales

(75% * $104,000) = $78,000

Cash collected in September is

$ 108,000

You might be interested in
A company had sales of $699,000 and cost of goods sold of $280,000. Its gross profit equals:
alexgriva [62]

Answer:

$(419,000) is the answer

8 0
3 years ago
Aliyah earned a $6,000 bonus from her sales job for exceeding her sales goals. after paying taxes at a 30% rate, she invested th
Allushta [10]
Aliyah Earned Bonus of $ 6000 
30% of $ 6000 = $ 1800 
Therefore remaining amount after paying tax = $ (6000 - 1800) 
 = $ 4200
 Hence, She invested total amount of $ 4200 in two stocks say, x and y
 let x - stock that returned 10 % after 1 year
 and y - stock that returned 4 % after 1 year
 x + y = 4200 equation 1
 
 &, (x * 1 * 10)/(100) = 0.1 x
 , (y*1*4)/(100)= 0.04 y
 Now, from given conditions, 
 0.1 x + 0.04 y = 240 equation 2 
 by solving equation 1 and 2 simultaneously we get x and y as,
 x = $ 1200 and
 y = $ 3000
7 0
4 years ago
James Harmon is twenty-five when he takes out $40,000 of twenty-pay life insurance.
Semenov [28]

21.27*40= Annual premium is 850.8 51% of 850.8 is 433.9 ---> semi annual his quarterly is 26% of 850.8 so 221.2 and finally his monthly premium is 9 percent of 850.8 so it's 76.57



4 0
3 years ago
Read 2 more answers
Jackson has a credit card with a 15% interest rate. His dad has a credit card with a 5% interest rate. If they both charge $1,00
astra-53 [7]
Jackson will be paying $100 more than his father. 
5 0
4 years ago
Double taxation is a disadvantage of a corporation because the corporation has to pay income taxes at twice the rate applied to
yaroslaw [1]

Answer:

False

Explanation:

  • Dual taxable is a tax concept that refers to taxes on income taxed twice from the same.
  • It can arise if income is earned mostly at the personal and corporate rates. For international commerce or spending double taxation often happens when the same income is taxed for two various countries.
  • Dual taxation is a condition that concerns every company when the corporate and personal profits are taxed.
  • The business will pay corporate income tax before any gains are available to investors.
7 0
3 years ago
Other questions:
  • The units transferred in from the first department to the second department should be included in the computation of the equival
    12·1 answer
  • Meena Chavan​ Corp.'s computer chip production process yields DRAM chips with an average life of 1,600 hours and sigma ​= 80 hou
    14·1 answer
  • Ahmed promises to sell his boat to mendel, and mendel promises to buy it from ahmed. what type of contract is this?
    13·1 answer
  • A potato chip manufacturer purchases a potato farm. Which of the following regarding its strategy is true? The manufacturer has
    15·2 answers
  • Four months ago, you purchased 900 shares of LBM stock for $7.68 a share. Last month, you received a dividend payment of $0.12 a
    8·1 answer
  • How is being comfortable with risk and flexibility important to having an entrepreneurial mindset
    11·1 answer
  • The production of small consumer goods is referred to as?
    11·1 answer
  • Generally, firms entering foreign markets begin with:
    13·2 answers
  • If 200,000 machine‐hours are budgeted for variable overhead at a standard rate of $5/machine‐hour, but 220,000 machine‐hours wer
    7·1 answer
  • The Tattle Teller has a printing press sitting idly in its back room. The press has no market value to another printer because t
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!