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Deffense [45]
3 years ago
12

Thomas & Cooke Corporation has the following sales forecasts for the first three months of the current year: Month Sales Jan

uary $39,000 February 26,000 March 45,000 85% of sales are collected in the month of the sale and the remainder is collected in the following month. Accounts receivable balance (January 1) $25,800 Cash balance (January 1) 25,000 Minimum cash balance needed 22,000 What is the cash balance at the end of January, assuming that cash is received only from customers and that $50,000 is paid out during January?

Business
1 answer:
Nutka1998 [239]3 years ago
8 0

Answer:

$33950

Explanation:

See attached picture.

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Answer: Answer is 1

Explanation:

In a market economy, a high price is a signal for producers to supply more and consumers to buy less.

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Answer:

The public debt owed by Eastland is $400 million

Explanation:

In this question, we are asked to calculate the amount of public debt in Eastland.

Public debt refers to the amount of money owed by a country to external borrowers.

It doesn’t include such debt that the country owes itself. For example, debts owed by one agency of government to another.

Hence to calculate the public debt of Eastland, we add the amount of debts owed by citizens of Eastland + Amount of debts owed by foreign citizens in Eastland .

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Mathematically the public debt will be ; $200 million + $200 million = $400 million

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3 years ago
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