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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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Answer:

I believe Volkswagen did not fulfill the requirements of effective corporate governance mainly because the board didn’t have enough independent directors present.

The essential driver is the nonappearance of a solid gathering of independent directors. In view of German Corporate law, administration is given by a Management Board and a Supervisory Board, with representatives making up half of the Supervisory Board. This ought to have took into consideration in any event half of the Supervisory Board to be completely independent. While remaining inside the 'letter of the law,' they evaded the 'spirit of the law' by cycling recent former senior executives through the Supervisory Board Chairmanship position and other board positions. This had the impact of expelling genuinely independent oversight.

To select the next board members and avoid any future issues Volkswagen can keep in mind the following things about the board that it is :

Is well informed about the company’s performance.

Guides and judges the CEO and other top executives.

Has the courage to curb management actions the board believes are inappropriate or unduly risky.

Certifies to shareholders that the CEO is doing what the board expects.

Provides insight and advice to management.

Is intensely involved in debating the pros and cons of key decisions and actions

Explanation:

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3 years ago
If $25,000 of fixed costs will be eliminated by discontinuing the Sporty line, how will operating income be affected
Alex17521 [72]

When $25,000 of fixed costs will be eliminated by discontinuing, the operating income will increase by $5000.

<h3>How to calculate the operating income?</h3>

From the complete information given, the impact on operating income will be calculated thus:

= Savings fixed cost - Loss on contribution margin

= $25000 - $20000

= $5000

Therefore, the operating income will increase by $5000.

Learn more fixed cost on:

brainly.com/question/3636923

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2 years ago
If country a allocates more resources to producing capital goods than does country​ b, _________.
Sunny_sXe [5.5K]

c. Country A will incur a larger opportunity cost of growth, but it will grow more quickly than country B.

The more a country invests in one method of production, the higher the opportunity costs will be because the money could be spent on bigger and bigger amounts of alternate goods.

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3 years ago
"Moccasin Company manufactures cotton shirts. 12,000 shirts are produced during the first week of July. The unit quantity standa
steposvetlana [31]

Answer:

<em>The answer is 72,000 Meters.</em>

Explanation:

From the question given, let us recall:

Moccasin Company produces cotton shirts.  =12,000

The unit quantity standard = 6 meters

The  quantity used actually was   = 0.50 meters per shirt

The next step is to determine  the quantity of cloth that should be used for the actual output of 12,000 shirts.

Quantity of cloth that should be used

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3 years ago
Which of the following is an example of a price floor​? A. Safeway charges​ $1 more than Fred Meyer charges for a 5 pound bag of
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Answer:

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For price floor to be effective it must be higher than the equillibrum price.

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So if the government guarantees farmers will receive at least $50 per ton of potato, they are setting a price floor of $50.

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3 years ago
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