1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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

You might be interested in
The competitive situation where at&t, mci, and sprint control approximately 80 percent of the international long-distance te
Leno4ka [110]

Oligopoly

What is Oligopoly?

In Oligopoly markets, a limited number of suppliers control the market. They are present in every nation and a wide variety of industries. While some oligopoly markets are much more competitive than others, others can at least appear to be so. Investigations into allegations of coordinated behaviour or a lack of fierce competition are frequently requested from competition authorities.

To learn more about Oligopoly

brainly.com/question/3005866

#SPJ4

6 0
1 year ago
which management employability skill involves being able to move beyond established ideas and rules to set up new models and pro
Ghella [55]

<u>Creativity</u> is a skill that involves being able to move beyond established ideas and rules to set up new models and processes

<h3>How to think creatively?</h3>

Finding novel approaches to issues and ways to deal with circumstances is the essence of creativity. This is a skill that people from all walks of life can benefit from learning; it is not just a talent reserved for artists, musicians, authors, or "right-brained" thinkers. These suggestions can be useful if you've ever sought to increase your creativity.

Developing your expertise in this field is one of the best strategies to foster creativity. Your ability to come up with original and creative solutions to issues will improve if you have a thorough understanding of the subject. Reading about and hearing from creative people is one approach to gain expertise.

Learn more about creativity

brainly.com/question/19171885

#SPJ4

5 0
1 year ago
What season comes next after winter?
padilas [110]
The season that comes after winter is:

Spring
7 0
3 years ago
Read 2 more answers
When is 72 hours from now?
erica [24]

Answer:

the answer is 3 days later

Explanation:

6 0
3 years ago
Read 2 more answers
Larson Company on July 15 sells merchandise on account to Stuart Co. for $1,000, terms 2/10, n/30. On July 20 Stuart Co. returns
pickupchik [31]

Answer:

b. $588

Explanation:

Terms 2/10, n/30 means that 2% discount for the payment within 10 days and the full amount to be paid within 30 days.

When Larson Company sold merchandise, the following entry was made to recording revenue (sales) and the receivable:

Debit Receivable Account $1,000

Credit Revenue $1,000

On July 20 Stuart Co. returns merchandise, the entry is made to record the decreasing of Receivable Account:

Debit Revenue $400

Credit Receivable Account $400

The balance Receivable Account of Stuart Co. = $1000-$400 = $600

On July 24, Stuart Co. makes the payment, the sales discount was:

$600 x 2% = $12

The amount of cash received = $600-$12=$588

The following entry is made:

Debit Cash: $588

Debit Sales discount: $12

Credit Receivable Account $600

7 0
3 years ago
Other questions:
  • Simpkins Corporation does not pay any dividends because it is expanding rapidly and needs to retain all of its earnings. However
    10·1 answer
  • List three impulse goods that you or someone you know has purchased.
    13·1 answer
  • Wilbur has been offered a job at a salary that would put him in the 24% marginal tax bracket. In addition to his salary, he woul
    7·1 answer
  • Roster co. adjusts its allowance for doubtful accounts at year end. the general ledger balances for the accounts receivable and
    13·1 answer
  • Joel is more apt to have employees buy in to his proposed new attendance policy if he asks for employee ________.
    8·1 answer
  • Some organizations rely upon a formal group authorized and responsible for reviewing, evaluating, approving, delaying, or reject
    7·1 answer
  • The graph shows the price of a good compared to the quantity demanded and the quantity supplied. A graph titled Price Controls G
    7·1 answer
  • ___ are costs that don't show up as part of the market price for a product.
    11·2 answers
  • The ________ finances the export activities of companies in the United States and offers insurance on foreign accounts receivabl
    5·1 answer
  • supplies expense is ______ and supplies is ______ for the amount of supplies used during the period that were originally recorde
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!