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KatRina [158]
3 years ago
6

LPD​ Logistics, Inc.'s projected sales for the first six months of 2010 are given below. Jan. ​$300,000 April ​$350,000 Feb. ​$3

50,000 May ​$500,000 Mar. ​$475,000 June ​$400,000 ​20% of sales are collected in the month of the​ sale, 75% are collected in the month following the​ sale, and​ 5% are written off as uncollectible. Cost of goods sold is​ 80% of sales. Purchases are made the month prior to the sales and are paid during the month the purchases are made​ (i.e. goods sold in March are bought and paid for in​ February). Total other cash expenses are​ $35,000/month. The​ company's cash balance as of February​ 1, 2010 will be​ $30,000. Excess cash will be used to retire shortminusterm borrowing​ (if any). LPD has no short term borrowing as of February​ 28, 2010. Assume that the interest rate on shortminusterm borrowing is​ 1% per month. The company must have a minimum cash balance of​ $20,000 at the beginning of each month. What is​ LPD's projected gross profit for​ April? A. ​($50,000) B. ​$70,000 C. ​$100,000 D. ​$110,550
Business
1 answer:
garri49 [273]3 years ago
4 0

Answer:

LPD's projected gross profit for​ April is $70.000 (B)

Explanation:

We can define Gross Profit as follows:

<u>Sales -  Cost of goods sold</u>

In our case, we need to find the gross profit for April:

Projected Sales: $350.000

Cost of goods:  <u> -$280.000 ($350.000 * 80%)</u>

Gross Profit:        $  70.000

The other information can help us to define cash management, because they are related with payments, for example: sales collected, cost payments or cash balance.

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Your reference price will become more accurate and reflect real prices whena.) you have consulted your friends, family and colle
11Alexandr11 [23.1K]

Answer:

The correct answer is letter "D": you have experience related to the product.

Explanation:

The reference price is the price buyers are willing to pay for a given good or service based on different features of the product such as quality, availability and the type of need it satisfies compared to what competitors can offer.  

<em>The real price of the product is considered adding the value individuals can provide to the good or service based on the interaction they have had with similar items</em>. Quality information might influence the reference price to be set.

7 0
2 years ago
The managerial task of ______ involves establishing task and authority relationships.
andrezito [222]

Answer:

Organizing

Explanation:

Organizing is the most important role in any organization as it defines that the work is distributed among employees so that the target can be achieved timely. Also during the organizing process the supervisor coordinates with their employees.

Therefore the correct answer is organizing as it includes the task which has been created and authority relationship.

4 0
2 years ago
Interest rates and the price of old or existing bonds are Group of answer choices There is not enough information to answer the
Zielflug [23.3K]

Answer:

inversely related.

Explanation:

A bond can be defined as a debt or fixed investment security, in which a bondholder (investor or creditor) loans an amount of money to the bond issuer (government or corporations) for a specific period of time. The bond issuer are expected to return the principal (face value) at maturity with an agreed upon interest (coupon), which are paid at fixed intervals.

An interest rate can be defined as an amount of money that is charged as a percentage of the total amount of money borrowed or securities purchased from an individual or a financial institution.

Generally, there exist an inverse relationship between bonds and interest rates.

Interest rates and the price of old or existing bonds are inversely related. Thus, an increase in the interest rate (cost of borrowing an amount of money rises) causes a fall or decrease in the price of bonds.

7 0
2 years ago
what is the annual interest rate for a 90-day note issued with a face value of $8,000 that will earn interest of $160?
Readme [11.4K]

The annual interest rate for this note that would earn the interest of $160 is 8%.

In order to solve this problem, we have to use the interest rate formula

InterestRate = P*R *T

<u>where</u>

  • P = Principal
  • R= Rate
  • T = Time

We divide 90 days by the total days in a year

= 90/365

= 0.2466

<u>Principle * time</u>

= 0.2466 * 8000 = 1972.6

The annual interest rate

= 160/1972.6

= 0.081

= 8%

Read more on brainly.com/question/14438429?referrer=searchResults

3 0
2 years ago
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Alik [6]

Answer:

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Disadvantage: partners are also personally liable in case of bankruptcy.

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Advantage: they combine the pass-through characteristics of partnerships with the limited liability of corporations.

Disadvantage: they are not necessarily as profitable as corporations.

4 0
3 years ago
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