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nexus9112 [7]
3 years ago
14

Preparing a Schedule of Cash Collections on Accounts Receivable Kailua and Company is a legal services firm. All sales of legal

services are billed to the client (there are no cash sales). Kailua expects that, on average, 20% will be paid in the month of billing, 50% will be paid in the month following billing, and 25% will be paid in the second month following billing. For the next 5 months, the following sales billings are expected: May $84,000 June 100,800 July 77,000 August 86,800 September 91,000 Required: Prepare a schedule showing the cash expected in payments on accounts receivable in August and in September. If an amount box does not require an entry, leave it blank or enter "0". Be sure to enter percentages as whole numbers.
Business
1 answer:
VMariaS [17]3 years ago
8 0

Answer: $81,060 in August and $80,850 in September

Explanation: Please find attached a table.

August 86,800 17,360 38,500 25,200 81,060

September 91,000 18,200 43,400 19,250 80,850

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Capable Golf Cart, Inc. (CGC) manufactures two models of golf cart: LX and EX. The budget data for next month is available. LX E
Nuetrik [128]

Solution :

1. Allocation on the basis of $\text{Direct labor hours}$

                                              LX                               EX

Direct Material                    125000                       90000

Direct $\text{labor}$ cost                  90000                       60000

Manufacturing overhead      $81000$                        $121500$

                              (202500/5000 x 2000)     (202500/5000 x 3000)

Total cost                             296000                       271500

Units produced                       50                               30

Cost per unit                          5920                           9050

2. Allocation on the basis of $\text{Direct labor costs}$:

                                              LX                               EX

Direct Material                    125000                       90000

Direct labor cost                  90000                       60000

Manufacturing overhead    121500                       81000

                        (202500/150000 x 90000)     (202500/150000 x 60000)

Total cost                             336500                       231000

Units produced                       50                               30

Cost per unit                          6730                           7700

3. Allocation on the basis of $\text{machine hours}$

                                              LX                               EX

Direct Material                    125000                       90000

Direct labor cost                  90000                       60000

Manufacturing overhead    112500                        90000

                              (202500/2700 x 1500)     (202500/2700 x 1200)

Total cost                             327500                       240000

Units produced                       50                               30

Cost per unit                          6550                          8000

5 0
3 years ago
Krista goes to a store to buy a new liquid soap dispenser. When she purchases a new dispenser from the store she gets two liquid
MrRa [10]

Answer:

Captive pricing

Explanation:

Captive pricing is the pricing of products that have both a "core product" and a number of "accessory products.". In the question, when she purchase a dispenser(core product) she gets two liquid soap(accessory product) for free, so the pricing strategy to engage is the captive pricing.

7 0
3 years ago
Ted is glad his company finally converted to an RFID system. Now, he no longer needs to go through all the new goods to make sur
DedPeter [7]

Answer: (A) Checking

Explanation:

According to the question, ted finally convert his company into the RFID system as by using this radio frequency identification system it automatically identifying the various types goods by using the unique code. Also by scanning the given bar-code we can easily identify the different categories of the products.

Therefore, ted is responsible for checking in his own company. Various types of organization or companies using the supply chain process.

Therefore, Option (A) is correct.

3 0
3 years ago
when the property being appraised is a one-unit property that will be used as an investment property, fannie mae requires that t
andreyandreev [35.5K]

the property being appraised is a one-unit property that will be used as an investment property, Fannie Mae requires that the appraiser must prepare a Form 1004, Form 1007.

Although Grounding has always been a unit of property that is available, it has never been linked as a unit that is compatible with Retirement in the job management system. Property Unit The AICPA advises giving an example to demonstrate how a taxpayer might be able to consider all section 1250 leasehold improvements that are a component of the same building as a single unit of property (or "UOP").

The Board of Directors approves the annual disposal of physical assets after an inventory is completed. Workshop Report: Meaningful Engagement of Indigenous Peoples and Communities in Marine Activities (MEMA), September 17, 2016, Brunswick, Maine, Bowdoin College.

To learn more  unit property about:

brainly.com/question/16371208

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5 0
1 year ago
Suppose the Fed purchases $100 million of U.S. securities from security dealers. If the reserve requirement is 20 percent, the c
VikaD [51]

Answer:

The correct answer is option D.

Explanation:

The reserve requirement is 20 percent.

The Fed purchases $100 million of U.S. securities from security dealers.

The excess reserves with banks are zero.  

When fed purchased securities, this open market operation increased the reserves with banks by $100 million.  

The increase in money supply  

= \frac{1}{RR}\times Change\ in\ reserves

= \frac{1}{0.2}\times 100

= 500

7 0
3 years ago
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