Answer:
cash collections from credit sales that the company will include in its cash budget for the second month is $55,500
Explanation:
Second Month Cash Collections will include the following Cash flows:
(1) 60% of the 2nd month`s sales
(2) 35 % of the 1st month`s sales
<u>Therefore cash collections from credit sales :</u>
(1) 60% of the 2nd month`s sales ( $68,000×60%) = $40,800
(2) 35 % of the 1st month`s sales ( $42,000× 35 %) = $14,700
Total cash collections = $55,500
Answer:
The correct answer is (a)- asset.
Explanation:
An asset is a resource with value that someone owns with the intention of generating a future benefit (whether economic or not). In accounting, it represents all the assets and rights of a company, acquired in the past and with which they hope to obtain future benefits.
They have in common that they are the result of past events and are capable of generating economic returns in the future. All assets have the potential to bring money to the business, whether through use, sale, or exchange. Examples of assets are a premises, a van, a patent, a computer, raw materials, financial investments or collection rights.
Answer:
The amount of fees that Jill will pay this year=$248.20
Explanation:
Expense ratio is a measure of how much fees that fund management firms charge their clients for their investments services. These fees cover administrative and operational costs. In our case, the expense ratio will be expressed as the fees that Jill will pay as a portion of the total amount she invested. The expense ratio can be expressed as shown;
ER=C/A
where;
ER=expense ratio
C=total funds cost
A=total funds assets
In our case;
ER=0.17%=0.17/100=0.0017
C=unknown to be determined
A=$146,000
replacing;
C=ER×A
C=0.0017×146,000=$248.20
The amount of fees that Jill will pay this year=$248.20
Answer:
1. WCG agrees with its cell plan competitors to raise prices for all customers - Sherman Antitrust Act
2. WCG colludes with another company to stop offering family plan discounts - Sherman Antitrust Act
3. WCG decides to advertise a new plan that is 75 percent off the regular plan, even though it is only 20 percent less - Wheeler-Lea Act
4. WCG promises retail consumers a "wholesale" rate, even though it is the same price as always - Wheeler-Lea Act
5. WCG wants to attract more women to its plans and starts offering female consumers 30 percent off their bill - Robinson-Patman Act
6. WCG offers a discount to teenage males in an effort to get customers from its more trendy competitor - Robinson-Patman Act
