Answer:
$284,200
Explanation:
The computation of cash collections is shown below:-
Cash sales of October = $282,000 × 80%
= $225,600
Credit sales collection
September = ($304,000 × 20%) × 50%
= $30,400
October = $282,000 × 20% × 50%
= $28,200
Total cash collections for the month of October = Cash sales of October + Credit sales collection of September + Credit sales collection of October
= $225,600 + $30,400 + $28,200
= $284,200
Answer:
B) objective-and-task
Explanation:
The objective and task method of establishing an integrated marketing communications (IMC) budget is usually the most appropriate budgeting method. The budget is usually prepared by the marketing managers based on the cost of accomplishing the communications objectives. Marketing managers will first establish their communications objectives and then figure out how much it costs to achieve them.
Answer:
FV= $137,440.62
Explanation:
Giving the following information:
Bob makes his first $ 800 deposit into an IRA earning 7.4 % compounded annually on his 24th birthday and his last $ 800 deposit on his 39th birthday (16 equal deposits in all). With no additional deposits, the money in the IRA continues to earn 7.4 % interest compounded annually until Iob retirees on his 65th birthday.
First, 16 years:
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
FV= {800*[(1.074^16)-1]}/0,074= $23,067.90
Next 25 years.
FV= PV*(1+i)^n
FV= 23,067.90*(1.074)^25= $137,440.62
<h2>Entrepreneurs will be more likely to build virtual teams than to build brick-and-mortar offices.</h2>
Explanation:
Option A: Entrepreneurs surely depends on social media, but this is true for all the business not only suits given situation. This answer goes invalid.
Option B: Sitting and working in various state alone does not mean that they are doing international business.
Option C: Every organization concentrates on business and economy aspect. The given situation, does not speak anything about school. So this option goes invalid.
Option D: This option is valid. Now the trend is to work in various places and get connected with each other through internet. So it means that the teams are virtual. The teams are not built inside office which is made of brick.
Answer:
The answer is: the amount of inventory at the end of the year was $1,583 using the average cost method.
Explanation:
The average cost method calculates the cost of inventory by dividing the total costs of goods by the total units.
- 10 units x $60 = $600
- 25 units x $65 = $1,300
- 30 units x $68 = $2,040
- 15 units x $75 = $1,125
The total cost of inventory is $5,065 ($600 + $1,300 + $2,040 + $1,125)
The total units in inventory are 80 (10 + 25 + 30 +15)
To find the average cost per unit = $5,065 / 80 units = $63.31
If 25 units were left at the end of the year, then the total cost of inventory is $63.31 x 25 = $1,582,81 or $1,583
