Answer:
The correct answer is $117,500
Explanation:
According to the scenario, the given data are as follows:
Sales for august = $110,000
Sales for September = $190,000
So, we can calculate the September cash receipts by using following formula:
Cash receipt from August = $110,000 × 55% = $60,500
Cash receipt from September = $190,000 × 30% = $57,000
Total cash receipt for September = Cash receipt from August + Cash receipt from September
= $60,500 + $57,000
= $117,500
Answer: $2,500,000
Explanation:
Discontinued operations is when a particular division in a company shutdown.
With regards to the above question, the before-tax amount that Mercedes should report as loss on discontinued operations in its 2013 income statement will be:
= $2,000,000 + ($3,000,000 - $2,500,000)
= $2,000,000 + $500,000
= $2,500,000
The correct options are B, C and E.
Starting a business can be a risky move because of some elements which are involved in creating a new business. For instance, large amount of capital is needed to start a typical business and the uncertain conditions which prevails in the business world can make one to lose one's capital in no time at all. The extent to which assets can be converted to cash is also one of the risks that one must considered.
Explanation:
No matter how bold or ambitious your plans are to grow your business, the key to your business's success lies in three critical, interdependent components: operational excellence, customer relations/communications and financial management.
