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OverLord2011 [107]
3 years ago
12

Ratchet Manufacturing anticipates total sales for August, September, and October of $200,000, $210,000, and $220,500 respectivel

y. Cash sales are normally 25% of total sales and the remaining sales are on credit. All credit sales are collected in the first month after the sale. Compute the amount of cash received for august.
Business
1 answer:
iren2701 [21]3 years ago
8 0

Answer:

Cash received for August= $50,000

Explanation:

The sales below were given

August $200,000

September $210,000

October $220,500

The cash sales per month is 25% of total sales and the credit portion is carried over to the next month when cash is received.

As we are calculating cash inflow for August there is no carryover cash from previous month (August is the first month)

Cash received for August= 0.25* 200,000

Cash received for August= $50,000

The remaining sales is on credit 200,000-50,000= $150,000

And will be received in September.

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To enhance your ability to assess and manage risk in specific driving situations, you should:_____.
kaheart [24]

To enhance our ability to assess and manage risk in specific driving situations we should assume that a dangerous situation may occur.

Given an incomplete sentence related to the ability to manage and assess the risk in specific driving situations.

We are required to fill the blank given in the sentence so that the sentence will give adequate meaning.

The words which are to be filled in the sentence are "assume that a dangerous situation may occur",

While driving there is a risk of accident so when someone is assessing the risk of specific driving then he has to take in consideration that any dangerous situation can occur. We know that the thinking that the accident may occur is negative but an analysts has to think multidimensional.

Hence to enhance our ability to assess and manage risk in specific driving situations we should assume that a dangerous situation may occur.

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7 0
2 years ago
what is budget head no.of other goods , furnishing goods , repair and maintenance , printing charges , office supplies ?​
siniylev [52]

Answer:

Budget expenditure part

B.H. No. Budget heads Annual Appropriation of Budget

22311 Office expenses 58,000

22121 Rental charges 30,000

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5 0
3 years ago
Artisanâ Inspiration, Inc. is a merchandiser of stone ornaments. The company sold 6 comma 500 units during the year. The company
aliina [53]

Answer:

206,000

Explanation:

Sales                                             = 590000  

- CGS                                           = 302000  

Gross profit                                                                       = 288,000

Less Operating Expenses:

Sellings and Admin expenses      = 67000  

Freight in                                  =     15000  

Total Operating expenses         =       82000  

Operating Income                                                               =         206,000

CGS = Beginning inventory + Purchases - Ending Inventory

CGS = 43,000 +302,000 - 43,000 = 302,000

5 0
3 years ago
Weber’s concept of ____________ refers to the process where economic principles, such as efficiency and maximization of profit,
andrey2020 [161]

Answer:

The correct answer is rationalization.

Explanation:

The concept of rationalization was given by Max Weber. According to him, rationalization is a process through which modern society is getting more and more concerned towards efficiency and predictability.

Efficiency can be defined as getting maximum results from minimum efforts, or in other words, maximum revenue from incurring minimum costs so as to maximize profits.  

In Weber's views, this economic principle is now being increasingly involved in the day to day life.

3 0
3 years ago
Book Values versus Market Values In preparing a balance sheet, why do you think standard accounting practice focuses on historic
Pachacha [2.7K]

Answer:

Historical costs is objectively and precisely measured, whereas market values can be difficult to estimate, and different analysts would come up with different

values.

Explanation:

In preparing a balance sheet it is customary for a company to value the assets and other items based on historical costs rather than market values.

For example if an asset is purchased at $20,000, this value will reflect in the balance sheet in subsequent years. Or future calculation will be based on this.

Let's say yearly depreciation is $1,000 then after on year the value will be $19,000, after two years $18,000 and so on.

This is more object than market value which varies at any one time.

Market value for an item will vary depending on location and the market.

6 0
3 years ago
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