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GREYUIT [131]
2 years ago
5

Two Brothers Moving prepared the following sales​ budget: Month Cash Sales Credit Sales March $ 19 comma 000 $ 5 comma 000 April

$ 40 comma 000 $ 20 comma 000 May $ 38 comma 000 $ 39 comma 000 June $ 51 comma 000 $ 48 comma 000 Credit collections are 10​% in the month of​ sale, 65​% in the month following the​ sale, and 20​% two months following the sale. The remaining 5​% is expected to be uncollectible. What are the total cash collections in May at Two Brothers​ Moving?
Business
1 answer:
lawyer [7]2 years ago
8 0

Answer:

The total cash collections in May at Two Brothers​ Moving is projected to be at $17,900.

Explanation:

Please find the below for detailed explanation and calculations:

The May cash collection of Two Brothers Moving is budgeted to include the following collection from credit sales:

10% of Credit Sales in May + 65% of Credit Sales in April + 20% of Credit Sales in March = 10% x $39,000 + 65% x $20,000 + 20% x $5,000 = $17,900.

As a result, the total cash collections in May of Two Brothers Moving is projected at $17,900.  

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Some companies now use online advertising campaigns and contests to help develop better goods, services, or ideas. This is most
Amanda [17]

The scenario illustrated by the company is related to promotion in marketing mix.

<h3>What is promotion?</h3>

It should be noted that promotion is the marketing communication that's used to inform the audience about a good.

In this case, since the companies use online advertising campaigns and contests to help develop better goods, services, or ideas. This depicts promotion.

Learn more about marketing on:

brainly.com/question/25754149

3 0
2 years ago
According to Hofstede, the extent to which subordinates accept a hierarchical system in a company is known as _______
Pachacha [2.7K]

Answer:

According to Hofstede, the extent to which subordinates accept a hierarchical system in a company is known as Power Distance.

Explanation:

Hofstede basically discussed culture and investigated it and came up six different dimensions which a culture can have. Power distance is the dimension of the culture where people follow certain systems and hierarchies of the culture. If in a culture power distance will be higher then the people will be much divided in the castes based on the power, authority and money, like if in an organisation, power distance is higher, then the workers will tend to follow and obey hierarchy very strictly, and there will be much support from the top-level management, decisions will be made fro the top even without taking lower level employees into account. However, if the power distance is low, then there will be frequent sharing of idea, thoughts and support which is the main characteristics of the creative and innovative organisations.

3 0
3 years ago
The alcoholic beverages in a private club are:
Hitman42 [59]

Answer:

Sold to the members

Explanation:

A private club is patronized by its member only. Through membership, a person acquires the privilege to use the club's facilities. Members network and enlarge their business contacts.

Club members own the club. They get to enjoy meals and drinks at lower rates than regular restaurants.  Alcoholic drinks are available at competitive rates. Members are required to pay for what they have consumed.

5 0
2 years ago
n investor is considering a $10,000 investment in a start-up company. She estimates that she has probability 0.39 of a $23,000 l
alexdok [17]

Answer:

The expected profit is -$13,162.

I would not recomend the investor to make this investment.

Explanation:

The expected profit can be calculated multypling the probabilities of every outcome and the profit of each outcome, and substracting the total invevstment.

The outcomes are:

1) probability 0.39 of a $23,000 loss,

2) probability 0.24 of a $8700 profit,

3) probability 0.12 of a $31,000 profit, and

4) probability 0.25 of breaking even

NOTE: It is assumed that the outcomes does not include the initial investment.

Then, the expected profit of this investment is:

E(P)=[0.39*(-23,000)+0.24*8,700+0.12*31,000+0.25*0]-10,000\\\\E(P)=[-8,970+2,088+3,720+0]-10,000\\\\E(P)=-3,162-10,000\\\\E(P)=-13,162

6 0
3 years ago
A company reported total stockholders' equity of $540,000 on its balance sheet dated December 31, 2016. During the year ended De
solniwko [45]

Answer:

$667,000

Explanation:

stockholders' equity December 31, 2016 = $540,000

plus net income = $60,000

minus cash dividends = ($18,000)

plus issuance of common stock = $70,000

plus sale of treasury stock = $15,000

stockholders' equity = $667,000

Stock dividends do not affect the value of stockholders' equity, that is why they are not included in this calculation.

7 0
2 years ago
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