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
Svetlanka [38]
3 years ago
13

On average, 35% of the sales on account are collected in the month of sale, 40% are collected in the month following sale, 10% a

re collected in the second month following sale, and the remaining 15% is collected three months after the month of sale. Calculate the expected cash collections for April.
Business
2 answers:
stellarik [79]3 years ago
4 0

Answer:

35% of sales(say $2,000,000) in April

$700,000

Explanation:

Step one :

Assuming that the sales made for April is $2,000,000

According to the conditions in which money is collected 35% of sales made for a month is collected for the month

For april the expected amount

=35/100*2,000,000

=$700,000

tatuchka [14]3 years ago
3 0

Question: Your question is incomplete. Below is the complete question and the answer.

Shown below are the budgeted sales for ABC Company for the next six months:

                  Sales for Cash     Sales on Account  

January               $15,000             $ 70,000

February              $18,000             $ 80,000

March                 $14,000             $160,000

April                 $26,000             $120,000

May                   $18,000             $170,000

June                  $24,000             $105,000

On average, 35% of the sales on account are collected in the month of sale,

40% are collected in the month following sale, 10% are collected in the

second month following sale, and the remaining 15% is collected three months

after the month of sale.

1. Calculate the expected cash collections for April.

Answer:

The expected cash collections for April is  $150,500

Explanation:

                                       ABC Company

                         Expected cash collections for April

April cash collection

Cash sales                                                            $26,000

January sales collected April                             $10,500

 70,000 x 15%                                            

February sales collected in April                       $8,000

    80,000 x 10%  

March sales collected in April                           $64,000

  160,000 x 40%

April sales collected in April                              $42,000

  120,000 x 35%  

Total cash collections                                         $150,500

You might be interested in
What is the author's main claim or argument?<br> Pizza is the best
lys-0071 [83]
I hate pizza. it’s grosssdd
3 0
3 years ago
Why do firms assess their sourcing capabilities?a. They can easily spot suppliers who are not practicing sustainable sourcing pr
Alexus [3.1K]

Answer:

The answer is c. They can gauge their success in improving their own value-enhancing contributions to the firm

8 0
3 years ago
Carol takes out an insurance policy on her car. Carol can assign her policy to a third party
notka56 [123]
What is the question here? 
4 0
3 years ago
A small open economy with a floating exchange rate is initially in equilibrium at A with IS*1, LM*1. Holding all else constant,
irga5000 [103]

Answer:

Option D is correct

Explanation:

The curve would shift to the left because there Is an increase in import product that is the I + G + X curve would fall as the S + T +IM curve rises due to increase in IM(import product) causing the income fall.

3 0
3 years ago
Laura Bryant joined Kellogg's straight after university in 2002. She joined the Field Sales team initially. This involved visiti
siniylev [52]

Answer: The answer is provided below

Explanation:

The theory of motivation that is applied by the manager at Kellog’s company is Hertzberg's two factor theory.

Hertzberg divided needs into two categories which are the hygiene factors and motivating factors. The hygiene factors are factors that are essential to work, hygiene factors do not work as motivating factor but absence will lead to dissatisfaction. Hygiene factors include salary, safe working environment, break time, etc.

Motivating factors are factors that motivates the employees to work harder. Motivating factors lead to satisfaction among the employees and they include responsibility, growth, status, recognition, achievement, etc.

In this scenario, Hertzberg motivating factor theory was used. The manager helped Laura Bryant climb the corporate hierarchy. At first, she was a sales field worker, she was then promoted after 2 years to customer marketing manager post. This helped Laura enter the marketing field after which she was promoted again to help manage marketing plan of special K.

Recognition, responsibility, social status, and growth are all motivating factors that were applied by the manager in this scenario. Laura is satisfied and motivated and the manager here helped her to reach her goals and grow over the years.

Herzberg's motivational factors and Maslow's esteem and self-actualization needs are similar and can be met by organizations in the following ways:

• Management should give employees challenging and complex tasks as this tends to motivate workers.

• Recognition and appreciation: Employees are motivated when they are recognised and appreciated for their work. When employees are recognised, they tend to put in more effort at their workplace and work harder.

•Decision making: Employers should allow their employees participate in the decision making process of the organization.

• Growth opportunities: Employees must be provided with opportunities that allow them grow. This can help in taking their career up and be more productive for the company.

Hertzberg motivational factors theory and Maslow self esteem and self actualisation needs are identical because both needs are satisfied by growth, power, recognition, appreciation, responsibility, and social status.

5 0
3 years ago
Other questions:
  • Select the three categories into which internal influences can be divided.
    5·2 answers
  • Grason Corporation is preparing a budgeted balance sheet for 2015. The retained earnings balance at December 31, 2014 was $533,5
    10·1 answer
  • An employer interviews 150 qualified applicants, 100 white and 50 hispanic. if 25 whites are hired, what is the least number of
    8·1 answer
  • You have just won the multi-state lottery jackpot of $500,000,000! you have the option of receiving a check for $25,000,000 ever
    12·1 answer
  • The following schedule shows the technology of production at Mahalo Macadamia Nut Farm for​ 2015: Workers Total Pounds of Macada
    15·1 answer
  • You are a new manager at a plumbing supply manufacturer where there are an unusually high number of returns for a new aerator us
    11·1 answer
  • The following account balances relate to the stockholders’ equity accounts of Skysong, Inc. at year-end. 2020 2019 Common stock,
    11·1 answer
  • Mark the example as ethical behavior, unethical behavior, or conflicts of interest:
    14·2 answers
  • If the project's performance is expressed by this graph, which of the following is true about the project performance
    12·1 answer
  • The buyer of a put expects the price of the underlying stock to rise. <br><br> a. true <br> b. false
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!