Which of the following does not affect the cost of automobile insurance

Getty Company expects sales for the first three months of next year to be $200,000, $235,000, and $298,000, respectively. Getty

GarryVolchara [31]

Answer:

Getty’s cash receipts for the months of February: $225,900

Getty’s cash receipts for the months of March: $281,620

Explanation:

Cash sales:

In January = 35% x $200,000 = $70,000

In February = 35% x $235,000 = $82,250

In March = 35% x $298,000 = $104,300

Credit Sales:

In January = 65% x $200,000 = $130,000

In February = 65% x $235,000 = $152,750

In March = 65% x $298,000 = $193,700

Getty’s cash receipts for the months of February = Cash sales of February + 40% x Credit sales of January + 60% x Credit sales of February = $82,250 + 40% x $130,000 + 60% x $152,750 = $225,900

Getty’s cash receipts for the months of March = Cash sales of March + 40% x Credit sales of February + 60% x Credit sales of March = $104,300 + 40% x $152,750 + 60% x $193,700 = $281,620

8 0

3 years ago

What kind of education do you need to be a construction engineer technology?

Sliva [168]

You would have to earn an <span>Associate of Applied Science (AAS) degree or an advanced technical certificate. </span>

4 0

3 years ago

Explain different ways a company is applying management

GREYUIT [131]

Explanation:

Organizational management is extremely important for conducting business. Managing is the process of measuring, monitoring, organizing, controlling and administering, through these variables it is possible for a company to know its strengths and weaknesses and coordinate them so that it has a greater chance of being competitive and profitable in the market.

Each organization can manage the business in different ways, this will depend on its objectives and organizational structure, the most important is that the management is aligned with a strategic planning that understands the objectives and goals of the organization so that it remains well positioned in the competitive market .

5 0

3 years ago

Indentify possible transactions

Nikitich [7]

Answer:

Hope i helped:)

Explanation:

1) All places 0

2)2 of the same numbers canceling each other for example (-400, +400) (except column 2 because it has 7 free boxes witch means 1 of the boxes have to equal to 0)

7 0

2 years ago

To record purchases on account, Caleigh’s Company uses the perpetual inventory method and the gross method. On September 11, it

vfiekz [6]

Answer:

The company should credited on the Cash account and the Cash Discount Receipt for the settlement of the inventory with 10 days.

Explanation:

The detailed entry will be:

19th Sep

Dr Account Payable $40,000

Cr Cash $39,200

Cr Cash Discount Receipt $800

( to record payable settlement and the receipt of cash discount)

Working note: As the company paying with 10 days, the supplier will allow a 2% discount on it net inventory purchase ( 44,000 - 4,000 = $40,000)

Thus, the discount will be 40,000 x 2% = $800 and Cash repayment will be 40,000 x (1-2%) = $39,200.

7 0

3 years ago