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
strojnjashka [21]
2 years ago
7

MC Qu. 142 Memphis Company anticipates total... Memphis Company anticipates total sales for April, May, and June of $840,000, $9

40,000, and $990,000 respectively. Cash sales are normally 20% of total sales. Of the credit sales, 35% are collected in the same month as the sale, 60% are collected during the first month after the sale, and the remaining 5% are not collected. Compute the amount of cash received from total sales during the month of June.
Business
1 answer:
Bumek [7]2 years ago
3 0

Answer:

Total= $926,400

Explanation:

Giving the following information:

Sale:

April= 840,000

May= 940,000

June= 990,000

Cash sales are normally 20% of total sales.

Of the credit sales, 35% are collected in the same month as the sale, 60% are collected during the first month after the sale, and the remaining 5% are not collected.

Cash collection for June:

From June in cash= (990,000*0.2)= 198,000

From June in credit= (990,000*0.8)*0.35= 277,200

From May in credit= (940,000*0.8)*60= 451,200

Total= $926,400

You might be interested in
The issue of how much government should be involved in the economy has been the subject of much debate in Canada. In the United
Alekssandra [29.7K]

Answer:

<u><em>But where do we go from here? </em></u>

It depends on the result of more government intervention on quality life standards.

<u><em>Do we need less or more government involvement? </em></u>

It depends on the problems that need to be addressed. For example, to address problems such inequality it is mandatory that the government gets involve and create laws to prevent it. But surely for more movement of capitals there is no need of higher government involvement.

<u><em>Is it a question of the quality of that involvement?   </em></u>

Yes. If government has an effective involvement there is even desirable to have its intervention but if it complicates everything then is repeled.

<u><em>Could it be smarter rather than just less? </em></u>

Yes, because it is proved that the economy acts in an effective way to good policy making.

<u><em>How can the cost of government involvement decrease?</em></u>

In this aspect it is important to mention the environmental issues in nowadasy economy. If the measurement of what is defined as "cost" is understand in the long run as conservation and balance between nature and economic explotation of resources.

5 0
3 years ago
What are two good interview questions?<br> PLZ help!!
Elodia [21]

Answer:

What experience do you have in this field of work?

Why do you think you're a good fit for this company/job position?

Explanation:

7 0
3 years ago
A problem in developing effective compensation for teams is that: Multiple choice question. rewarding individuals erodes cohesiv
denpristay [2]

A problem in developing effective compensation for teams is that rewarding individuals erodes cohesiveness. Thus the first option is correct.

<h3>What is Cohesiveness?</h3>

Cohesiveness refers to the act or the property of togetherness. in the group , cohesiveness can be seen when the group performs the activity. It is important to have cohesiveness in every group for the accomplishment of the task.

When a individual in a group is provided a compensation it leads to dispute and chaos which erodes the cohesiveness of the group. Thus the first option is correct.

Learn more about Cohesiveness here:

brainly.com/question/13774781

#SPJ1

5 0
2 years ago
Im b.ored want nitro?
uysha [10]

Answer:

yes

Explanation:

bshaoonqbqbiqoqiq

3 0
3 years ago
Read 2 more answers
Scientific endeavors only come from the desire to meet societal needs
ch4aika [34]
This is a positive statement
4 0
3 years ago
Other questions:
  • In order to perform management functions, a manager must possess the ability to think in abstract terms in order to see the "big
    6·1 answer
  • Westover Mills reduced its taxes last year by $210 by increasing its interest expense by $1,000. Which one of the following term
    14·1 answer
  • An advertisement that informs people what a company is, what it can do, and where it is located is referred to as a(n competitiv
    11·1 answer
  • Dozier Company produced and sold 1,000 units during its first month of operations. It reported the following costs and expenses
    7·1 answer
  • Suppose the economy is at a point below its physical production possibilities frontier but above its institutional production po
    12·1 answer
  • How do i know im not gay
    9·2 answers
  • Find the accumulated value of $ 740 at the end of 7 years using a nominal annual rate of interest of 6 % compounded quarterly.
    6·1 answer
  • Brief Exercise 229 Iverson Company purchased a delivery truck for $45,000 on January 1, 2020. The truck was assigned an estimate
    5·1 answer
  • 3. Single strand, gossip, and cluster are examples of
    13·1 answer
  • what corporate diversification strategy is being pursued by disney? what evidence do you have that supports your position? how d
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!