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
Sergeu [11.5K]
3 years ago
7

A firm has forecasted sales of $4,500 in April, $3,000 in May, and $5,000 in June. All sales are on credit. 30% is collected in

the month of the sale, and the remainder in the following month. How much cash is collected in June?
Business
1 answer:
Charra [1.4K]3 years ago
8 0

Answer:

The $3,600 cash is collected in June

Explanation:

For computing the total cash collected in the June month, first, we have to find the sales of June and may which is based on the collection ratio which is given in the question.

June month collection = June sales × 30%

                                      = $5,000 × 30%

                                      = $1,500

In the question it is given that 30% is collected on June month and remaining i.e 70% collected in the May month or following month.

June month collection based on may sales = 70% × May sales

                                                                        = 70% × $3,000

                                                                        = $2,100

So, total cash collected in the June month is equal to

= June month collection + June month collection based on may sales

= $1,500 + $2,100

= $3,600

Hence, the $3,600 cash is collected in June

You might be interested in
Mexico-based Rodriguez Engineering Corp. requires host-country nationals to be recruited to manage subsidiaries, while parent-co
GREYUIT [131]

Answer: Polycentric approach

Explanation:

A polycentric staffing policy is a form of staffing policy whereby the nationals of the host countries will be recruited and employed to helps manage the subsidiaries that are in their own country while the nationals of the parent countries will have to occupy th key positions that are available at th corporate headquarters.

This is the kind of approach that is used by Mexico-based Rodriguez Engineering Corporations in the question.

8 0
3 years ago
Which is an example of an external factor that may affect purchase decisions?
prohojiy [21]
Government policies specific to the entrepreneurs business is the answer. This is the only external factor.
6 0
3 years ago
IKEA employees are inspired to work hard by an anecdote from their Swedish founder, Ingvar Kamprad, who told how he was berated
MAVERICK [17]

Answer:

Hero

Explanation:

Hero -

It refers to a person can be male as well as a female , who is admired for his or her noble and courageous activity , is referred to as a hero .

Many people makes the hero his or her ideal an tries to follow the lifestyle , character , behavior and nature , and tries to copy him .

Hence , from the given scenario of the question ,

The correct answer is hero .

5 0
3 years ago
During the year, Lillie rented her vacation home for three months and spend one month there. Gross rental income from the proper
77julia77 [94]

Answer:

$8,100

Explanation:

The home was rented for more than 14 days, you must pay taxes for the rental income

Since Lille used the house for more than 15 days herself, limits her deduction. The home cannot be treated as rental home nor personal use vacation home.

total days used = (30 x 3) + 30 = 120 days

rental days = 90/120 = 75% (this doesn't apply to mortgage interest nor real estate taxes, they are still 100% deductible)

mortgage interest and real estate taxes still qualify as personal expenses = $3,000 + $1,500 = $4,500

utilities and depreciation will be deducted only 75% = ($800 + $4,000) x 75% = $3,600

total deductions = $4,500 + $3,600 = $8,100

7 0
3 years ago
on may 1, 2019, joe hill is considering one of the following newly issued 10-year aaa corporate bonds. description coupon price
Svetllana [295]

On may 1, 2019, joe hill is considering one of the following newly issued 10-year aaa corporate bonds. description coupon price callable call price wildwood, due May 1, 2027 5.0% $100 noncallable na Asbury, due may 1, 2027 5.4% $100.

Currently callable $102 suppose market interest rates decline by 100 basis points (i.e., 1%). the effect of this decline would be Prefer the Asbury bond to the wildwood bond. A bond is a debt obligation, like an You. Investors who purchase company bonds are lending cash to the enterprise issuing the bond. In return, the enterprise makes a felony dedication to pay hobby at the main and, in maximum cases, to go back the main whilst the bond comes due, or matures.

Learn more about interest here:
brainly.com/question/25596583

#SPJ4

5 0
1 year ago
Other questions:
  • Diaz Company owns a milling machine that cost $250,000 and has accumulated depreciation of $182,000. Prepare the entry to record
    7·1 answer
  • Companies usually prefer hiring third-country nationals for filling positions in host-countries. True False
    12·1 answer
  • If a project costs ​$100 comma 000100,000 and is expected to return ​$27 comma 00027,000 ​annually, how long does it take to rec
    14·1 answer
  • On June 1, CamCo received a signed agreement to sell inventory for ¥500,000. The sale would take place in 90 days. CamCo immedia
    14·1 answer
  • True or false: transfer payments are accounted for in the consumption component of gdp. true false
    7·1 answer
  • Crane Fabrication allocates manufacturing overhead to each job using departmental overhead rates.​ Crane's operations are divide
    9·1 answer
  • Achieving greater penetration of the market is typically a business goal during the ____ stage of the product life cycle.
    7·1 answer
  • On January 1, Year 2, Grande Company had a $16,000 balance in the Accounts Receivable account and a zero balance in the Allowanc
    5·1 answer
  • Question 1
    9·1 answer
  • Bonds from the U. S. Treasury are selling at 102. 293, bonds from Alachua County are selling at 85. 681, and bonds from the city
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!