Answer:
I) Days sales outstanding (DSO) for all customers? 48.7days
= (53*0.9)+(10*0.1) = 48.7 days
II) Net sales? $166.600
The Net sales = Gross sales - sales allowance
The discount amount due for the 10% discount customers = 2% of the 10% of 170 mn ==> 0.02 * 0.1 * 170 ===> 0.34 mn
∴ The Net sales = 17 - 0.34 mn = 16.66 mn
Amount paid by discount customers? $13.600
Explanation:
I. General Credit Policy Information
Credit stamps 2/10 Net 30
Days sales outstanding (DSO) for all customers 48.7days
DSO for customers who take the discount (10%) 10days
DSO for customers who forgo the discount (90%) 53days
II. Annual Credit Sales and Costs ($ millions)
Gross sales $170.000
Net sales? $166.600
Amount paid by discount customers $13.600
Amount paid by non discounted customers $153.000
Variable operating costs (82% of gross sales) $139.40
Bad debts $0.0
Credit evaluation & collection costs (10% of gross sales) $17.00
Answer:
Total stockholders' equity is $ 100,140
Explanation:
The stockholders' equity section of the balance sheet comprises of the common stock total par value ,the paid-in capital in excess of par value,plus the retained earnings minus the value of treasury stock
Stockholders' equity section of Bridgeport Corp. balance sheet
Common stock,$10 par value,4,800 shares issued $48,000
paid-in capital in excess of par $18,300
total paid share capital $ 66,300
retained earnings $ 43,300
total paid share capital and retained earnings $ 109,600
treasury stock ( $9,460)
Total stockholders' equity $ 100,140
Answer:
The zero-based budget ensures that every dollar you make is assigned a specific purpose
Explanation:
Zero-based budge: It is also known as "zero-sum budget".
It refers to the process of creating a budget from nothing without using the previous year’s budget. It enables a firm allocate all its resources to expenses and debt payment.
Zero based budget ensures that every income made is allocated to a particular purpose without a remainder. The major goal of zero based budget is to ensure that revenue (income) less expenditure (spendings) is equal to zero.
That is, in zero based budgeting,
Income - expenditure= zero (0).
In other words,
income= expenses
Well, i think hansberry's word choices in describing the setting tell us that the family is living in harmony and happiness.
We can see it on this line:
<em>the furnishings of </em><em>this room</em><em> were actually selected with care and love and even hope – and brought to this </em><em>apartment </em><span><em>and</em><em> arranged with taste and pride</em></span>
Hi. Is this a question, are you asking for help or????
