Answer:
b. 2,100
Explanation:
On January will be collected: a) 10% January´s sales because is collected in cash; b) 40% December´s sales because is collected one month following the sale, and 50% November sales because the balance is collected two months following the sale.
So we can calcula like follows:
Expected cash receipts in January = (4,000 * 0.10) + (3,000 * 0.40) + (1,000 * 0.50)
Expected cash receipts in January = 400 + 1,200 + 500
Expected cash receipts in January = 2,100
I believe the answer is A becuase working at a lemonade stand helps you kinda run a business if you think about it
Answer:
(a) = $468
(b) = 52%
(c) = $144
(d) = 28%
(e) = $1150
(f) = $920
Explanation:
selling price variable cost contribution margin contribution ratio
1. $900 $432 (a) $ (b)%
2. $200 $ (c) $56 (d)%
3. $ (e) $(f) $230 20%
contribution = selling price - variable costs
Margin contribution ratio = contribution / sales
Variable cost = selling price - contribution
Selling price = contribution / margin contribution ratio
Government's sources of revenue are taxes it takes from citizens and borriwing money
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