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3 years ago

Describe an example of a company that manufactures a product.

1 answer:

5 0

<span>In the current generations, a lot of companies are competing in the market.
Here are some examples of Companies and their product:
Nestle – A manufacturing company that produce consumables.
                => Milo
                => coffee
                => milk

Microsoft – an IT manufacturing company that produce different technology
                => Operating systems
                => software
                => hardware
Apple – another IT manufacturing company that produce technology and gadgets
                => phones
                => IPhone
                => tablets
NCR – a research and development company that produce product like:
                => ATM machines
                => Point on sales
                => Printers, inks</span>

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Kuzma Foods, Inc. has budgeted sales for June and July at $ 680 comma 000.00 and $ 720 comma 000.00, respectively. Sales are 8

atroni [7]

Answer:

The budgeted Accounts Receivable balance on July 31 is $ 244,800.

Explanation:

Since the company sells 85% credit of which 60% is collected in the month of sale and 40% in the following month. This implies that where the sales for the month of June is $ 680,000, all of the credit sales for the month of June would have been collected by 31 July. Hence no receivables will be budgeted for considering June sales by 31 July.

For sales to be made in July budgeted at $ 720,000, 85% will be credit sales

This amounts to

Credit sales for July = 85% of 720000

= $\frac{85 * 720000}{100}$

= $ 612,000

60% of the credit sales in the month of July will be collected by 31 July while 40% will be collected in the following month hence,

Accounts Receivable balance on July 31

= 40% of 612000

= $\frac{40 * 612000}{100}$

= $ 244,800

6 0

3 years ago

Consultative selling emphasizes need identification, which the salesperson achieves by: A. asking the client questions and lis

Mrrafil [7]

Answer:

Letter A is correct

Explanation:

In consultative selling, the salesperson's function is not only to sell products, in this type of sales strategy, the salesperson must adapt a set of techniques that work together to provide the sales service together with a consultancy, that is, listening to the customer. , answer their needs and ask questions so that communication with the customer goes smoothly so that the salesperson can get optimal feedback and then design an appropriate sales strategy that will be ideal for that customer.

8 0

3 years ago

Volbeat Corp. shows the following information on its 2015 income statement: sales = $275,000; costs = $188,000; other expenses =

Verdich [7]

Answer: (1) $61,495

(2) $17,200

(3) $5,400

Explanation:

Given that,

sales = $275,000

costs = $188,000

other expenses = $7,900

depreciation expense = $15,200

interest expense = $13,600

taxes = $17,605

dividends = $10,500

new equity issued = $5,100

Net new long-term debt = $3,600

EBIT = sales - depreciation expense - costs - other expenses

= $275,000 - $15,200 - $188,000 - $7,900

= $63,900

EBT = EBIT - Interest

= $63,900 - $13,600

= $50,300

EAT = EBT - Taxes

= $50,300 - $17,605

= $32,695

Retained earnings = EAT - Dividends

= $32,695 - $10,500

= $22,195

(1) operating cash flow = EBIT - Taxes + depreciation expense

= $63,900 - $17,605 + $15,200

= $61,495

(2) cash flow to creditors = Interest - Net new long-term debt

= $13,600 - (-$3,600)

= $17,200

(3) cash flow to stock holders = Dividend - net new equity

= $10,500 - $5,100

= $5,400

3 0

3 years ago

A large group of fans are upset about the high price of tickets to many events. As a result of their lobbying efforts, a new law

Ierofanga [76]

Answer:

The correct answer is: shortage; elastic; same number of.

Explanation:

Suppose the price ceiling is fixed at $50. The market equilibrium price is more than $50. This means that the price ceiling is binding.

Fixing the price ceiling below the equilibrium price level will create a shortage of tickets. There is an inverse relationship between price and quantity demanded. So the quantity demanded will be higher at a lower price. The quantity supplied on the other hand will be lower. This is because the quantity supplied is positively related to the price.

So at the ceiling price the quantity demanded will be higher than the quantity supplied. This shortage will be more if the demand is elastic. An elastic demand implies that a decrease in price will cause the quantity demanded to increase to a greater extent.

5 0

3 years ago

Vaughn Manufacturing has 11500 shares of 5%, $100 par value, non-cumulative preferred stock and 46000 shares of $1 par value com

Oksana_A [137]

Answer:

$23,000

Explanation:

Total dividends = $138,000 (Paid in 2020)

Common stock outstanding = 46,000 shares

Preferred dividend = Number of shares × Par value × 5%

= 11,500 × $100 × 5%

= $57,500

Dividends received by common stock holders in 2020 is;

= Total dividends - Preferred dividend

= ($138,000 × 1) - ($57,500 × 2)

= $138,000 - $115,000

= $23,000

5 0

3 years ago