Answer:
$15,400
Explanation:
Given
70% of sales are collected in the month of the sale, and the remainder are collected in the following month.
Considering the month of July with Accounts receivable balance (July 1, 2018) $20,000
Sales = $24,000
Cash collected = 20000 + (70% × 24000)
= 20000 + 16800
= $36,800
Account receivable balance (1 August, 2018)
= 30% × 24000
= $7,200
For the month of August
Sales = $14,000
Cash collected = 7200 + (70% × 14000)
= 7200 + 9800
= $17,000
Account receivable balance (1 September, 2018)
= 30% × 14000
= $4,200
For the month of September,
Sales = $16,000
Cash collected = 4200 + (70% × 16000)
= 4200 + 11200
= $15,400
The total cash collected from Sales which is made of 30% from the previous month's sales and 70% of September sales is $15,400
Answer: august
Explanation: because it uses i
Answer:
a sample from workers who had contact with the customers already
Answer:
We generally calculate total average cost by dividing total cost / total output units.
In this case, we are not given the output units, but instead we are given the output value, so we should find a percentage from total revenue.
total costs = $4,800,000
total revenue = $20,000,000 + $5,000,000 = $25,000,000
average total cost = ($4,800,000 / $25,000,000) x 100 = 19.2%
This means that for every $100 of revenue, the merged company will spend $19.20.
