if Germany exports $100,000 of sauerkraut to Jamaica and purchases $100,000 of Blue Mountain Coffee from Jamaica Germany has a

X-Tel budgets sales of $60,000 for April, $100,000 for May, and $80,000 for June. In addition, sales are 40% cash and 60% on cre

Sever21 [200]

Explanation:

Following is the detailed answer of the question.

X-Tel Cash Receipts Budgets For April, May, and June

APRIL MAY JUNE

Sales $60,000$ 100,000 $80,000

Less ending 36,000 60,000 48,000

account receivable (60%)

Cash receipts from 24,000 40,000 32,000

Cash sales (40% of sales)

Collections of 15,000 36,000 60,000

prior month’s receivables

Total cash receipts $39,000 $76,000 $92,000

So total cash receipts at the end of April, May and June are 39000, 76000 and 92000 respectively.

7 0

3 years ago

What is the future value of $12,000 after 5 years if the appropriate interest rate is 6%, compounded semiannually?

gladu [14]

Answer:

FV = $16126.99655 rounded off to $16127

Explanation:

To calculate the future value of a sum of money, we simply multiply the present value by (1 + interest rate) for the period of time that we require the amount to be compounded. Thus, the formula for the future value of a sum of amount with annual compounding is,

FV = P * (1+i)^t

Where,

FV is future value
PV is present value
i is the interest rate
t is the period of time

For semi annual compounding, we simply divide the annual i by 2 and multiply the t by 2. So, Future value of an amount with semi annual compounding will be,

FV = P * (1 + i/2)^t*2

FV = 12000 * (1 + 0.06/2)^5*2

FV = 12000 * (1+0.03)^10

FV = $16126.99655 rounded off to $16127

6 0

2 years ago

The intention of a price floor is to help producers by setting a higher than equilibrium price. What is one unintended consequen

zloy xaker [14]

Answer:

One unitended consequence of this policy is that if the price is above the equilibrium price then this will affect the market by producing black market, low importance to the product that has risen up in price and more importantly it will produce the demand of the product to fall down.

Explanation:

To begin with, the price floor is a method used in the microeconomics theory in order to give help to the producers from the government who are the ones who choose how to control and manipulate the price of the good. But this method tends to be very aggressive and not good at all if the price floor is set above the equilibrium price set by the market itself and that is because the producers will be offering a product that is much expensive in price and not worth in value at all so the demand for the product will fall and it will create a black market where the consumers who want to pay less will go there for even a product with less quality.

5 0

2 years ago

The news headline " animations cut movie budgets animations cut movie budgets" deals with the ______ question(s) of economic

AlladinOne [14]

The news headline “animations cut movie budgets” is about what and how goods and services are produced.

8 0

2 years ago

Boulderado has come up with a new composite snowboard. Development will take Boulderado four years and cost $250,000 per year, w

ehidna [41]

Answer:

a) 13.704%

b) 3.704%

Explanation:

Development of composite snowboard = 4 years

Total cost / investment = 250,000 * 4 = $1,000,000

Annual cash flows ; $200,000 for 10 years

discount rate = 10%

cash flow at t = 0 = ( Total cost / investment ) = - $1,000,000

<u>a) calculate the IRR for the snow board </u>

attached below is the calculation using online tool

IRR = 13.704%

<u>b) maximum deviation allowable in cost of capital</u>

maxi deviation = IRR - r

= 13.704% - 10% = 3.704%

3 0

3 years ago