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s2008m [1.1K]
3 years ago
10

Big Wheel, Inc. collects 25% of its sales on account in the month of the sale and 75% in the month following the sale. Sales on

account are budgeted to be $16,300 for March and $32,600 for April. What are the budgeted cash receipts from sales on account for April
Business
1 answer:
Kitty [74]3 years ago
6 0

Answer:

Total cash collection= $20,375

Explanation:

Giving the following information:

Big Wheel, Inc. collects 25% of its sales on account in the month of the sale and 75% in the month following the sale.

<u>Sales:</u>

March= $16,300

April= $32,600

<u>Cash collection April:</u>

Sales on account from April= 32,600*0.25= 8,150

Sales on account from March= 16,300*0.75= 12,225

Total cash collection= $20,375

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GrogVix [38]

Answer:

Job analysis skills.

Explanation:

Job analysis is a the ability to identify the detail of a job as well as determine the requirement needed to get such job. It also involves helps to show the importance of certain duties to a job.

Simply put, Job analysis can be defined as the way and manner by which a job's duties and requirements are set for employees.

In the above question, it can be seen that the HR of Superglam is trying to determine duties and employee requirement to enable efficiency of employees in their job posts.

Cheers.

8 0
3 years ago
A company resells 10,000 shares of treasury stock for $22 per share. The stock was purchased in a previous year for $18 per shar
lys-0071 [83]

Answer:

$0, income statement s not affected.

Explanation:

The purchase and resale of treasury stock does not affect the income statement. When a company's treasury stock is resold, additional paid-in capital increases (if the stock were sold at a price above cost) or decreases (if the stock were sold at a price below cost).

5 0
3 years ago
Why is it important to people with disabilities to get an adapted drivers license?
Harrizon [31]
<span>When people with disabilities get an adapted driver's license, they become better able to independently function and contribute to society. This feeling facilitates successful self-actualization. An adapted drivers license will also alert government officials, whenever necessary, of any special precautions necessary when aiding these drivers in tasks related to their disability, and in providing proper accommodations as such.</span>
8 0
3 years ago
Kirk Minerals processes materials extracted from mines. The most common raw material that it processes results in three joint pr
SashulF [63]

Answer:

Incremental loss of Spock = $19,800

Incremental profit of Uhura = $12,300

Incremental profit of Sulu = $94,200

Explanation:

Note: See the attached excel for the determination the incremental profit or loss that each of the three joint products.

In the attached excl file, the following formulae are used:

a. Incremental sales value = Sales value of processed product -  Sales value at split off point

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Download xlsx
5 0
3 years ago
Which of the following are examples of automatic stabilizers? Check all that apply. As corporate profits rise during an economic
hoa [83]

Answer:

As people earn higher incomes during an expansion, the progressive tax system requires them to pay higher average tax rates

Explanation:

Automatic stabilizers are stabilizers that adjust the economy automatically without the intervention of external agents . examples include progressive tax and transfer payments

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In a contraction, tax paid is reduced and this increases disposable income

6 0
3 years ago
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