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mixer [17]
3 years ago
5

A July sales forecast projects that 6,500 units are going to be sold at a price of $11.00 per unit. Management forecasts 15% gro

wth in sales each month. Total July sales are anticipated to be: Multiple Choice
a. $76,950.

b. $71,250.

c. $68,400.

d. $67,500.

e. $74,100.
Business
1 answer:
True [87]3 years ago
4 0

Answer:

$82,225

Explanation:

The computation of the anticipated July sales is shown below:

= Number of units sold × selling price per unit + Growth Percentage given  × Sales revenue

= 6,500 units × $11 + 6,500 × $11 × 15%

= $71,500 + $10,725

= $82,225

This is the answer but the same is not provided in the given options

Simply first we find out the sales revenue and then added it with the growth percentage which is given in the question

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The balance in Accounts Receivable at the beginning of the year amounted to $16,000. During the year, $64,000 of credit sales we
poizon [28]

Answer: $70,000

Explanation:

Accounts Receivable at the beginning of the year amounted to $16,000

During the year, $64,000 of credit sales were made to customers.

ending balance in Accounts Receivable amounted to $10,000, and uncollectible accounts expense amounted to $4,000,

The Amount to appear in the operating activities section of the cash flow statement is

$16,000+$64,000-$10,000= $70,000

8 0
3 years ago
Read 2 more answers
What are examples of types of products that are currently being manufactured by joint ventures between the U.S., Canada, Mexico,
choli [55]

Answer:

Uber Taxi

Star Bucks

Tata Global Beverages

Siemens and Nokia

Alibaba

Explanation:

Joint venture is the business in which there are two or more parties who shares the ownership. The business management may be mutually decided. There are many examples of Joint ventures in the world. Uber Taxi is one of the finest example of joint venture where Volvo vehicles shares the ownership. The joint venture reduces the investment cost for both the parties. The business can be quickly spread in the world by the efforts of two or more parties that form the joint venture.

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3 years ago
If a monopolistically competitive firm's marginal cost increases, then in order to maximize profits, the firm will:
Serjik [45]

Answer:

A. reduce output and increase price.

Explanation:

In the case of monopolistic firm at the time of profit maximization, the marginal revenue should be equivalent to the marginal cost i.e.

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Therefore the option A is correct

7 0
3 years ago
What was not a result of the economic policies of the irish government in the late 1990s?
Evgen [1.6K]
In the early 1990's, Ireland was a poor country. There was a high case of poverty, unemployment, and inflation. Free education was offered in the mid 1990s which produced entrepreneurs. The economic policies of the Irish Government in the late 1990s resulted in the rapid growth of the economy.
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An open-end investment company that can issue an unlimited number of its shares to investors and use the pooled proceeds to purc
artcher [175]

Answer:

A. a mutual fund

Explanation:

A mutual fund -

It is a type of financial vehicle , where the money collected by the investors , is pooled and then further invested in securities , like the bonds or stock market is referred to as mutual fund .

Any investor can invest their money in the mutual funds , it is a indirect form of investing in the stock market .

The returns obtained by mutual funds are dependent on the stock market .

Hence , from the given information of the question ,

The correct option is A. a mutual fund .

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