Answer:
Total cash collection= $20,375
Explanation:
Giving the following information:
Big Wheel, Inc. collects 25% of its sales on account in the month of the sale and 75% in the month following the sale.
<u>Sales:</u>
March= $16,300
April= $32,600
<u>Cash collection April:</u>
Sales on account from April= 32,600*0.25= 8,150
Sales on account from March= 16,300*0.75= 12,225
Total cash collection= $20,375
Answer:
1. early binding enhances performance
2. late binding gives flexibility
Explanation:
this is generally the advantage of early binding. early binding gives room for better efficiency
.This is because it would be needless to reanalyze every time whenever something is declared. Early binding is for performance.
meanwhile late binding is known to have better flexibility and gives room for more polymorphism. this binding gives extension to runtime.
Answer: $7,200
Explanation:
Maximum interest, while having full insurance, depositing $50,000 in the first financial institution at 8%. This would yield
= 8/100 * $50,000
= 0.08 * $50,000
= $4,000
Then the interest from the second financial institution would be
= 6.4/100 * $50,000
= 0.064 * $50,000
= $3,200
Summing up the interest made from each gives a maximum return of
I = I1 + I2
= $4,000 + $3,200
I = $7,200
Since the student wants full insurance coverage, the student can only earn $7,200 in interest. Not the desired $7,500.
B. because having a degree could help you with money