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aleksandrvk [35]
3 years ago
13

Green Landscaping Inc. is preparing its budget for the first quarter of 2020. The next step in the budgeting process is to prepa

re a cash receipts schedule and a cash payments schedule. To that end the following information has been collected. Clients usually pay 60% of their fee in the month that service is performed, 30% the month after, and 10% the second month after receiving service. Actual service revenue for 2019 and expected service revenues for 2020 are November 2019, $94,040; December 2019, $83,200; January 2020, $103,960; February 2020, $123,060; and March 2020, $131,040. Purchases of landscaping supplies (direct materials) are paid 60% in the month of purchase and 40% the following month. Actual purchases for 2019 and expected purchases for 2020 are December 2019, $18,410; January 2020, $17,530; February 2020, $19,940; and March 2020, $20,750. (a) Prepare the following schedules for each month in the first quarter of 2020 and for the quarter in total: (1) Expected collections from clients.
Business
1 answer:
Igoryamba3 years ago
4 0

Answer:

Jan          $  95,656

February $  115,420

March      $  127,848

Total        $  338,924

Explanation:

\left[\begin{array}{cccccc}&$January&$February&$March&$Total\\\\$Sales&103,960&123,060&131,040&934,000\\\\\\$Current Month&62,376&73,836&78,624&214,836\\$Previous&33,280&41,584&49,224&124,088\\$Total&95,656&115,420&127,848&338,924\\\end{array}\right]

We have to multiply the month sales by 60% (0.60) to obtaining the current month collection

Then, we multiply the previopus month

(December for January)

January for February)

Febraury for March)

To know the colelction form the previous period

then we add and get the total collection

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Fox Co. had 120,000 shares of common stock outstanding at January 1. On July 31, it issued 60,000 additional shares of common st
balu736 [363]

Answer:

180 000 common stock shares outstanding

Explanation:

preference shares are not used in calculating earning per share. Earning per share is the part of the firm's profit that is attributed to common stock shares. It is an indicator of financial strength of a company. It also shows the intrinsic value of the company's shares. This can be used to determine if a share is overvalued or under valued in the equity market.

The company  has 120, 000 common stock shares and issued additional 20,000 common stock shares totaling 180,000 common stock shares.

8 0
3 years ago
You have been given the following information for Nicole's Neckties Corp.: Net sales = $2,500,000; Cost of goods sold = $1,300,0
Finger [1]

Answer:

$360,000

Explanation:

Net sales :                 $2,500,000

Cost of goods sold :  ($1,300,000)

Gross profit :              $ 1,200,000

Interest expense :          ($50,000)

Net profit :                  $ 1, 150,000

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Dividends paid :           ($300,000)

Tax at 40%: =40% * $1,150,000

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The master budgeting process typically begins with the sales budget and ends with a cash budget and:
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Pl lumber stock is expected to return 22 percent in a booming economy, 15 percent in a normal economy, and lose 2 percent in a r
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Booming                22%                                    5%
Normal                  15%                                   92%
Recession               2%                                     3%

The expected rate of return on this stock is solved by multiply each expected rate of return to its corresponding probability and getting the sum of all products.

Booming: 0.22 x 0.05 =  0.011
Normal:   0.15 x  0.92 = 0.138
Recession 0.02 x 0.03 =<u> 0.0006</u>
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3 years ago
Who would most likely approve the marketing plan for a large business
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C) Marketing manager

i hoped this helped


3 0
3 years ago
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