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elena-s [515]
3 years ago
13

Exeter Enterprise Inc. reported net sales of $250 million last year and generated a net income of $55.00 million. Last year’s ac

counts receivable increased by $35 million. What is the maximum amount of cash that Exeter Enterprise Inc. received from sales last year?
Business
1 answer:
MArishka [77]3 years ago
5 0

Answer:

The maximum amount of cash that Exeter Enterprise Inc. received from sales last year is $20 million

Explanation:

Net Income = $55 million

Increase in receivable = $35 million

Net Sales = $250 million

Cash Received from sales = Net Income - increase in receivables

Cash Received from sales = $55 million - $35 million

Cash Received from sales = $20 million

The maximum amount of cash that Exeter Enterprise Inc. received from sales last year is $20 million

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Answer:

The answer is "Option b".

Explanation:

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gladu [14]

Answer:

The answer is E.

Explanation:

Given the information about the airline company Northern Air and their problem with Belleville airport, when we evaluate the options for any disadvantages for Northern Air we can say that;

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Option B, the decline of the cost of aviation fuel over the next several years can only cause a problem if the amount they will save from their fuel costs and other costs are going to exceed the amount that will be spent on the Skybuses.

Option C, several mechanics losing their jobs is certainly not the most serious disadvantage Northern Air is going to have from this action.

Option D, the fact that none of Northern Air's competitors in the Belleville Airport are buying Skybuses is not a disadvantage for Northern Air.

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4 0
3 years ago
Michael receives a monthly salary of $2500 plus a commission of 2% of total orders written. If his orders for the month were $34
Bumek [7]

Answer:

$3,180

Explanation:

Monthly salary would be the base salary = $2500

Since he would earn 2% of all orders, calculate the dollar value of the commission when total orders amount to $34000;

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Answer:

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