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guapka [62]
3 years ago
8

Alpha Company makes all its sales on account. Accounts receivable payment experience is as follows: Percent paid in the month of

sale 35% Percent paid in the month after the sale 54% Percent paid in the second month after the sale 6% Alpha provided information on sales as follows: May $150,000 June $125,000 July $136,000 August (expected) $142,000 How much of May's sales are expected to be uncollectible?
Business
1 answer:
kozerog [31]3 years ago
4 0

Answer:

May's sales that are expected to be noncollectable are $7500.

Explanation:

The total collections from a months's credit sales is expected to be as follows,

35% in the month of sale

54% in the following month

6% in the second month after sale

The remaining is expected to be noncollectable.

The credit sales for a month are equal to 100%.

The percentage of noncollectable sales is = 100 - (35 + 54 + 6)  = 5%

Thus, 5% of each month's sale is expected to be noncollectable.

May's sales that are expected to be noncollectable are,

Noncollectable Sales-May = 150000 * 0.05  =  $7500

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Keep in mind that the basic idea is to break down the overall task into small pieces that can be developed (and tested) separately so you can build your program incrementally.

Program Output

The program must present output consisting of header information, intermediate results, and final results, as described separately below. Sample outputs follow in the next section.

Header Information

The header information should be written on distinct lines as shown in the sample outputs that follow. The individual lines are:

1. The program must first write a string of 62 hyphens (dashes) to serve as a separator, and then, 2 lines below it, the string "CIS3360 Fall 2017 Integrity Checking Using CRC", and then on the next line the string "Author: " followed by your name (or names, if teaming) and a newline.

2. The program must then write the string "The input string (hex): ", followed by the string value of the second command line input argument

3. The program must then write the string "The input string (bin): ", followed by the binary value of the second command line input argument, and then a newline.

4. The program must then write the string "The polynomial that was used (binary bit string): ", followed by the 13-bit binary value of the polynomial given at the top of this assignment with spaces every 4 characters to improve readability.

5. The program must then write the string "Mode of operation: ", followed by either the word "calculation" or "verification", depending on the value of the first command line input argument

6. The content of this line depends on whether the mode is calculate or verify.

a. If in calculation mode, this line should read: "Number of zeroes that will be appended to the binary input: 12"

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Intermediate Results

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3 0
3 years ago
Dynondo Incorporated planned to use materials of $12 per unit but actually used materials of $13 per unit, and planned to make 1
vaieri [72.5K]

Answer:

A. Flexible Material Budget = $21,600

B. Flexible Material Budget Variance = $1,800 (unfavorable)

C. The sales-volume variance for materials = $3,600 (favorable)

Explanation:

Dynondo Incorporated

A Flexible Budget adjusts the volume of an already approved Master Budget to reflect the Actual Volumes before carrying out a variance Analysis of Actual versus Budget. This is unlike the normal variance process where the volume is for Budget remains fixed and is compared to Actual to reflect a favorable or unfavorable comparison

Budgeted Material Cost = $12 Per Unit.......(a)

Actual Material cost = $13 Per Unit.......(b)

Actual Volume = 1,800......(c)

Budgeted Volume = 1,500......(d)

A. Flexible Material Budget amount = (c) x (a) = 1,800 x $12

= $21,600.........(e)

B. Flexible Material Budget Variance = Actual Material Cost minus (e)

= ($13 x 1,800) minus $21,600

= $23,400 - $21,600

=$1,800 (unfavorable)

C. The sales-volume variance for materials = Budgeted Price per Unit x (Actual Units Sold – Budgeted Units Sold)

= (a) x [(c) - (d)]

= $12 x (1,800 minus 1,500)

= $12 x 300

= $3,600.

8 0
3 years ago
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