1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
frozen [14]
3 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]3 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

You might be interested in
An analysis and aging of the accounts receivable of Raja Company at December 31 reveal the following data:
rodikova [14]

Answer:

The cash (net) realizable value of the accounts receivable is accounts receivable less the ending balance in the Allowance for Doubtful Accounts.

800,000 - 65,000

This brings the total to $735,000.

5 0
3 years ago
Fixed cost is: Multiple Choice
otez555 [7]
Fixed cost is an example of any cost that does not change when the firm changes its output, since it is an amount that is set in stone.
6 0
3 years ago
2. Nike, the US Sportswear company, produces all of its footwear in foreign countries (mainly in China, Vietnam, and Indonesia).
djverab [1.8K]

Answer:

Nike is the US Sportswear company, produces all of its footwear in foreign countries (mainly in China, Vietnam, and Indonesia). These countries are developing and labor is cheap there. In this way, the production is cheaper and maintain the price of their product competitive. This way, Nike follows and maintains a specific pricing strategy. Nike also follows a Cost Leadership generic business strategy to sustain a competitive advantage based on cost.

Nike also follows a competitive strategy of 'Product Differentiation', 'Focus on market Niche' and 'Strengthen customer and supplier intimacy' to improve its stand against its competitors. There is huge scope for varied market needs based on games played in different countries across the globe. Thus, there is a huge demand for Nike products outside of their national boundaries.

5 0
3 years ago
your manager wants you to give her a paper copy of your first draft of a proposal for her to review.What spacing would you use?
Katen [24]
You need to use double spacing.
4 0
4 years ago
Read 2 more answers
Which stage of new product development would you be most interested in participating in? Explain.
alex41 [277]

Answer:

prototyping

Explanation: Because with this stage you will be able to see rough draft of the product and you will be able to the strongest and weakest parts of your project. Prototyping makes it possible to concertize an idea and to understand which aspects of the idea prove difficult or impossible to implement. Making a prototype can thus highlight unanticipated physical, technical or financial constraints.

8 0
3 years ago
Other questions:
  • Whether a business makes a profit or loss is determined by the difference between the total amount of money a business takes in,
    8·1 answer
  • Velma contracts with Gordon, who agrees to build a stone retaining wall and French drain on her property. The wall and drain are
    13·1 answer
  • Because of the impact of Internet and social media, consumers are now able to become senders as opposed to only brands being sen
    12·1 answer
  • On March 1, Marin sold merchandise on account to Amelia Company for $22,400, terms 2/10, net 45. On March 6, Amelia returns merc
    14·1 answer
  • A company is evaluating an investment which has an initial investment of $15,000. Expected annual net cash flows over four years
    5·1 answer
  • Brooks Sisters' operating income (EBIT) is $168 million. The company's tax rate is 40.0%, and its operating cash flow is $142.1
    14·1 answer
  • Bridgeport Corp. has these accounts at December 31: Common Stock, $10 par, 4,800 shares issued, $48,000; Paid-in Capital in Exce
    8·2 answers
  • Sophia purchased a variable annuity contract with a purchase payment of $70,000. Surrender charges begin with 9 percent in the f
    12·1 answer
  • Click this link to view O*NET’s Tasks section for General and Operations Managers. Note that common tasks are listed toward the
    7·2 answers
  • Consider a scenario in which nondurable goods spending is $400 million, durable goods spending is $300 million, new residential
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!