I. Rohit after doing his graduation has decided to run a retail shop as a source of livelihood.

As of January 1 of the current year, the Joyner Company had accounts receivables of $50,000. The sales for January, February, an

liq [111]

Answer:

Total cash collections in February are $133600

Explanation:

The collections in the month of February will include 20% of sales made in February in account for cash sales.

Cash sales = 140000 * 0.2 = $28000

Thus, Credit sales for February are = 140000 - 28000 = $112000

Out of these credit sales made in February, 60% will be collected in February. Thus, credit sales made in February that will be collected in February are,

February collections from February credit sales = 112000 * 0.6 = $67200

Total cash collections in February from February sales = 67200 + 28000

Total cash collections in February from February sales = $95200

In addition, out of the credit sales made in January, 40% will be collected in February.

Collection from January sales in February = 120000 * 0.8 * 0.4 = $38400

Total collections in February = 38400 + 95200 = $133600

7 0

3 years ago

In X1, Adam and Jason formed ABC, LLC, a car dealership in Kansas City. In X2, Adam and Jason realized they needed an advertisin

eduard

Answer: B. Adam, Jason, and Cory receive an ordinary deduction of $20,000 in X2.

Explanation:

Based on the information given, since the value of the LLC's capital equals $180,000 after Cory receives his one-third capital interest, Cory will report (⅓ × $180000) = $60,000 of ordinary income in X2.

Also, Adam and Jason will receive an ordinary deduction of $30,000 in X2. The sentence that "Adam, Jason, and Cory receive an ordinary deduction of $20,000 in X2" is wrong. They do not get sane amount as Cory gets a higher amount.

6 0

3 years ago

When you use money to purchase a new car, money serves as a: double coincidence of wants. medium of exchange. store of value. un

VikaD [51]

Answer:

medium of exchange. since it is being offered in exchange for the car

8 0

2 years ago

Assume you are the manager of Assembly, Inc. You have just received an order for 38 units of an industrial robot, which is to be

bagirrra123 [75]

Answer:

G order Quantity = 320 no's to meet demand of 251 nos. in multiples of 80s.

G Order timing = 2nd week (beginning)

Explanation:

Solution:

Subassembly G order quantity (in units):

Based on the bill of material structure.

G sub assemblies needed for making one robot = 6+1 = 7

G Sub Assemblies needed making 38 robots = 38 x 7 = 266

Inventory of G sub assemblies = 15

G sub assemblies order needed = Demand - inventory

G sub assemblies order needed = 266 - 15

G sub assemblies order needed = 251

G sub assemblies order needed in multiple of 80's

Since, order quantities in multiple of 80's and more than equal to 251

G assemblies order quantity = 80x4 = 320

The multiple of 80's will meet the demand of 251

Less than 320, we cannot order, because it will not meet the demand of 251. As 80x3 = 240.

So,

320 is the minimum order quantity in multiple of 80's to meet the demand of 251.

b.

Sub assembly G order should start at beginning of the week.

Note: Lead time structure with respect to BOM structure for robot is attached below in the attachment.

Since, G order timing = 2nd week.

8 0

3 years ago

Which transactions that needs to be reconciled between the bank statement and the books is likely the result of time lag?

irina1246 [14]

Answer:

tbh idek

Explanation:

i just have no idea

3 0

3 years ago