All categories

4 years ago

Carruthers Company expects the following total sales:

Business

1 answer:

seraphim [82]4 years ago

8 0

Answer:

Option (c) is correct.

Explanation:

It is assumed that all the sales cash and credit up to the month of April will be adjusted before 31st may.

Any receivables remaining as on 31st May are related to the sales of May only.

May Sales = $25,000

Out of which Cash sales adjusted in the same month:

= 30% of May sales

= 30% × 25,000

=$7,500

Remaining credit sales:

= May sales - Cash sales

= $25,000 - $7,500

= $17,500

Out of which 25% i.e. $4,375 received in May only.

The budgeted accounts receivable balance on May 31 is:

= Remaining credit sales - Received 25% in May

= 17,500 - 4,375

= $13,125

You might be interested in

union contracts dictate many of the terms and conditions of the employment relationship and can influence both what must and can

In-s [12.5K]

The statement is True, as union contracts dictate many of the terms and conditions of the employment relationship and can influence both what must and can be included in a job offer.

<h3>What are Union contracts?</h3>

A union contracts is a type of written agreement between the employer and the employees which gives information about the details of terms and benefits in a clear and legal binding way. Employee benefits is one of the most crucial and important element of union contracts. The different types of benefits include health insurance, dental or vision insurance, pension and life insurance.

<h3>What are Labour Union Contracts?</h3>

Labour union contracts are different types of unilateral, bilateral, agreements between the labor union and the employer. Labour agreements are called Collective bargaining agreement. Labour union agreement consists of various components including detail agreements on wages, benefits, working schedule, The National Labour Acts govern the collective bargaining process.

To know more about Union Contracts, visit:

brainly.com/question/12659896

#SPJ4

8 0

1 year ago

The unadjusted balance of the company's Cash account was $26,620 at the end of June. The bank statement shows a balance on June

tatyana61 [14]

Answer:

Adjusted bank and book balance is $25,960 and $25,960 respectively

Explanation:

Bank statement balance Book balance

Opening balance 26,960 26,620

Add: <em>Deposit in transit Interest earned </em>

3,000 150

Less: <em>Outstanding check</em> <em>Error on check </em>

4,000 (4,900 -4,090) = 810

Adjusted Balance $25,960 $25,960

8 0

3 years ago

Sally’s employer pays for 38% of her annual health insurance premium of $4,350.00. Sally pays the remaining balance by having it

Viefleur [7K]

Answer:$103.73

Explanation: Sally has her annual health insurance premium to be $4,350 per annum.

Her company pays 38% of $4,350= $1,653

Sally pays =$4,350-$1,653 = $2,697

Sally pays in 26 instalments = $2,697/26= $103.73

A sum of $103.73 will be deducted from sally's paycheck monthly.

4 0

3 years ago

Assuming the discount rate is 10% and that all wages are paid at the end of the year, what is the difference in present value be

Nady [450]

I will pay my 10% for the school

6 0

3 years ago

Joni's Kitty Supplies applies manufacturing overhead costs to products at a budgeted indirect - cost rate of $60 per direct manu

astra-53 [7]

Answer:

Bid price = N96,000

Explanation:

<em>Mark up is profit expressed as a percentage of cost. Bid price will be equal to the manufacturing cost plus the mark up profit.</em>

Bid price is the total manufacturing cost + (20% of the manufacturing cost )

<em>Manufacturing cost = D. materials cost + D. Labour cost + Manufacturing Overheads</em>

Manufacturing cost= 40,000 + (500 × $20 ) + ( 500× $60)

= 80000

Bid price = 80,000 + (20% × 80,000)

= N96,000

8 0

3 years ago