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BlackZzzverrR [31]
3 years ago
11

Home Corporation will open a new store on January 1. Based on experience from its other retail outlets, Home Corporation is maki

ng the following sales projections: Cash Sales Credit Sales January $60,000 $40,000 February $30,000 $50,000 March $40,000 $60,000 April $40,000 $80,000 Home Corporation estimates that 70% of the credit sales will be collected in the month following the month of sale, with the balance collected in the second month following the month of sale. In a cash budget for April, the total cash receipts will be:
Business
1 answer:
andriy [413]3 years ago
3 0

Answer:

$97,000

Explanation:

The computation of the total cash receipts for the month of April is shown below:

= Cash sales in April + (Credit sales in February × following second month percentage) + (Credit sales in March x following month percentage)

= $40,000 + ($50,000 x 30%) + ($60,000 x 70%)

= $40,000 + $15,000 + $42,000

= $97,000

We simply added the cash sales for one month and the credit sales for two months so that the total cash receipts could come

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The owner has $2,000 more in assets. therefor the equity increased by 2,000
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3 years ago
Lawrence has been asked to learn how many cars drive by a specific location that his company is considering for a new restaurant
lapo4ka [179]

Answer:

The answer is  Investigating Primary Sources

Explanation:

I chose this answer because According to this problem, even though it doesnt say it, the smartest way to investigate a location you want to make a business  

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3 0
3 years ago
Explain two barriers to entry for a new business
Marianna [84]

Answer: Government regulation, Economies of scale

Explanation:

Barriers to entry refers to the restrictions that are imposed on the entry of a new firm or business into the market. These can be,

a). <em>Government regulation</em>- Sometimes the government puts many restrictions on the entry of a new firm. These can be license requirement or by limiting the availability of a resource.

b). <em>Economies of scale</em>- These refer to the efficiency in production that occurs when one firm grows larger in size and is able to cover the entire market at a lower cost than many small firms producing the same good in smaller quantities. The cost of production is lower for a single firm than for many firms.


6 0
3 years ago
Read 2 more answers
Cost push is most likely to occur in those industries in which management or labor is so strong that it can dictate prices. True
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True because the cost economics is an economic model that includes the cost of negative

4 0
3 years ago
You bought a stock one year ago for $51.41 per share and sold it today for $59.82 per share. It paid a $1.03 per share dividend
RideAnS [48]

Answer:

Return from dividend yield= 2.0%

Capital gain = 16.4%

Explanation:

The return on a stock is the sum of the capital gains(loss) plus the dividends earned.

<em>Capital gain is the difference between the value of the stocks when sold and the cost of the shares when purchased. </em>

Total shareholders Return =  

(Capital gain/ loss + dividend )/purchase price × 100

The total return can be broken down into

<em>Dividend yield = Dividend/price × 100</em>

= 1.03/51.41 × 100

=2.0%

<em>Capital gain = capital gain/ price  × 100</em>

= (59.82 - 51.41)/51.41 × 100 = 16.4%

8 0
3 years ago
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