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mixer [17]
3 years ago
7

Trumbull Corporation budgeted sales on account of $120,000 for July, $211,000 for August, and $198,000 for September. Experience

indicates that none of the sales on account will be collected in the month of the sale, 60% will be collected the month after the sale, 36% in the second month, and 4% will be uncollectible. The cash receipts from accounts receivable that should be budgeted for September would be:
Business
1 answer:
Veseljchak [2.6K]3 years ago
5 0

Answer:

$169,800

Explanation:

Data provided

Second month percentage = 36%

July sales = $120,000

Collected the month after the sale = 60%

August sales = $211,000

The computation of cash receipts from accounts receivable is shown below:-

The budgeted cash collections  September = (Second month percentage × July sales) + (Collected the month after the sale × August sales)

= ( 36% × $120,000) + (60% × $211,000)

= $169,800

Therefore we applied the above formula.

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Processed by the cerebral cortex only
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Since 2008, Ben has owned all 100 outstanding shares of N and M Corporation’s stock. Ben’s basis for the stock is $50,000. In 20
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Answer:

A. $75,000 dividend

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The shares which N and M provide in favor to Ben are an stock dividend thus, the tax treatment should be of dividends as well.

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2 years ago
The Federal Reserve System and the New York Stock Exchange regulations currently require the short seller to have an initial mar
lutik1710 [3]

Answer:

Correct answer is 50%

Explanation:

The appropriate response is half.  

The Regulation T of the Federal Reserve Board requires the equalization for all short deal records to be at any rate 150% of the estimation of the protections at the time the deal is started.  

This implies when the short deal is started, as we are selling the offers first, our record will have the 100% estimation of the offers sold (as we receipts of cash from selling) in addition to an extra edge prerequisite of half of the estimation of the short deal.  

For instance, on the off chance that I am short selling an offer whose cost is $100, at that point when I short sell the offer, my record equalization will become $100, as receipts of the deal.  

Along these lines, at the hour of inception of offer, my record equalization ought to be 150% of the estimation of short deal = 150% of $100 = $150. The separation of this sum is  

100% of $100 = $100, which gets credited to my record  

in addition half of $100 = $50, which is the edge necessity at the inception of short deal.  

In this way, Initial edge necessity is atleast half of the cost of the stock.  

The student ought not befuddle the underlying edge necessity with the base upkeep edge.  

The base support edge required to be kept up is 25%. This implies the short dealer ought to consistently have an edge (not balance) of 25% in the record. In the event that the edge goes beneath 25%, at that point the edge require the distinction sum is actuated, which the short dealer is required to pay to keep on keeping her situation in the market unaltered.  

Be that as it may, beginning edge required to be kept up is half.

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The reason why a stock-split of 2-for-1 can be said to increase a stock's marketability is that the market price for each share decreases.

<h3>What does a 2-for-1 stock split do?
</h3>

When a stock is split in this manner, it means that there will now be two stocks for every stock there was before.

This means that the price of every stock will be halved. This increases marketability because the lower market price makes the stock cheaper for people to buy.

Find out more on stock splits at brainly.com/question/14247504.

7 0
1 year ago
In the united states, the average person mostly patronizes firms that operate in?
Likurg_2 [28]

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To learn more about Monopolistic Competitive Market.

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