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yaroslaw [1]
3 years ago
14

The Lumber Yard has projected sales for April through July of $152,400, $161,800, $189,700, and $196,400, respectively. The firm

collects 52 percent of its sales in the month of sale, 46 percent in the month following the month of sale, and the remainder in the second month following the month of sale. What is the amount of the July collections?
Business
1 answer:
madam [21]3 years ago
5 0

Answer:

$192,626

Explanation:

The computation of the July month collection is shown below:

= July projected sales × collection percentage +  June projected sales × following month collection percentage + May projected sales × remaining percentage

= $196,400 × 52% + $189,700 × 46% + $161,800 × 2%

= $102,128 + $87,262 + $3,236

= $192,626

The percentage is 100% in which 52% is collected in July month 46% in June month and 2% is on May month

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3 years ago
An official statement has a dated date of March 1, but the first interest payment is October 15. This most likely reflects A) a
Greeley [361]

Answer:

A) a long coupon.

Explanation:

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3 0
2 years ago
At the break-even point:
OlgaM077 [116]

Answer:

D. Contribution margin would be equal to total fixed costs

Explanation:

As we know that

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In equation, it is

Total cost = Total revenues

In addition,

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Therefore

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A firm is considering two location alternatives: A and B. Alternative A would have an annual fixed cost of $300,000 and variable
myrzilka [38]

Answer:

Check the explanation

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The incurrence of a loss is reasonably possible.

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