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frozen [14]
2 years ago
11

The following information pertains to the January operating budget for Casey Corporation. times Budgeted sales for January $ 200

comma 000 and February $ 109 comma 000. times Collections for sales are 40​% in the month of sale and 60​% the next month. times Gross margin is 30​% of sales. times Administrative costs are $ 13 comma 000 each month. times Beginning accounts receivable is $ 30 comma 000. times Beginning inventory is $ 22 comma 000. times Beginning accounts payable is $ 68 comma 000. ​(All from inventory​ purchases.) times Purchases are paid in full the following month. times Desired ending inventory is 25​% of next​ month's cost of goods sold​ (COGS). At the end of​ January, budgeted accounts receivable is​ ________.
Business
1 answer:
Alexeev081 [22]2 years ago
6 0

Answer:

$120,000

Explanation:

The computation of the budgeted accounts receivable is shown below:

= Budgeted sales of January month × next month sales collection percentage

=  $200,000 × 60%

= $120,000

We simply multiply the January accounts receivable with the next month collection sales percentage to find out the budgeted accounts receivable

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A company enforces its ethical codes and policies by rewarding ethical behavior and punishing misconduct. Each month, the most e
Olenka [21]

Answer:

The rewards and punishment serve the purpose of motivating the employees.

Explanation: First of all, we must establish that companies should have set guidelines or principles on which they operate, especially when it comes to ethics and acceptable workplace behavior.

Secondly, we must acknowledge the fact that there is always a reward or consequence for our actions. Especially in the workplace where employees are constantly monitored.

Now, based on the Theory X of management that was developed by Douglas McGregor, which basically states that employees are unmotivated and unwilling to work, and as a result of this, they need to be constantly prompted, rewarded or punished to make sure that they complete their tasks.

So to answer the question, the rewards and punishments serve the purpose of motivating the employees to be of good conduct in the workplace, because if this is not done, bad behavior might spread throughout the company and this will cause further problems.

3 0
3 years ago
What is economic planning and its objectives plz help me
guajiro [1.7K]

Answer:

The basic objective of planning is to exercise control over the private sector of an economy. ... When the economic resources of the country are rationally arranged with a predetermined purpose, it is called economic planning. It usually refers to planning by the State.

hope it helps

5 0
3 years ago
Most state, federal, and local regulations apple only to large corporation.
beks73 [17]

the answer is ( true )

6 0
3 years ago
With a(n) _______, the full amount of the loan is received when the contract is signed, but only the interest is paid over the l
Vikentia [17]

Answer: Balloon Loan

A balloon loan is a type of loan where the final payment is usually much larger than the payment preceding it.  

In a balloon loan, the entire loan amount is given to the borrower as soon as the loan is approved and the contract is signed.

The interest falls due and is paid during the life of the loan.  

The principal however, is paid as a balloon payment on the final day of the life of the loan.


6 0
3 years ago
Jim Smith is a salesman who receives a $1,100 draw per week against his commission. He receives a 12% commission as an incentive
blondinia [14]

Answer:

$29,000

Explanation:

Given that:

  • Draw per week: $1,100
  • Commission rate: 12%
  • Sales for Jim were $205,000 for the month.
  • 4 weeks in a month

Assuming a four-week month, Jim's commission :

Commission on revenue + commission of total draws

= $205,000*12% + 4*$1,100

= $24,600+ $4,400

= $29,000

Hope it will find you well.

3 0
3 years ago
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