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inessss [21]
3 years ago
6

Freemore Corp. projected sales for the last 6 months of next year: July $206,000 October $181,000 August 168,000 November 203,00

0 September 209,000 December 185,000 The cash collection of sales, historically, has been as follows: 55% of sales collected in the month of sale 7% of sales collected in 2nd month after sale 35% of sales collected in month after the sale 3% of sales are uncollectible (bad debts) Cash collections for September are ________.
Business
1 answer:
Rzqust [24]3 years ago
7 0

Answer:

$188,170

Explanation:

Cash collection in a month includes the collection of current and prior years's of credit sales.  

Cash Collection for September is $188,170.

It includes 7% collection of July sales, It includes 35% collection of August sales and It includes 55% collection of September sales.

Schedule for Cash Collection is attached with this answer please find it.

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The management of Furrow Corporation is considering dropping product L07E. Data from the company’s budget for the upcoming year
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Answer:

Sales                                                                              950,000

Less: Relevant cost:

Variable expenses                                                         380,000

Avoidable fixed manufacturing expenses                    217,000

Avoidable fixed selling and administrative expenses  178,000

Contribution                                                                    175,000

The total profit of Furrow Corporation reduces by $175,000 if the product is discontinued.

Explanation:

In this question, there is need to determine contribution, which is the excess of sales over relevant costs. Relevant costs are comprised of variable cost and avoidable fixed costs. The product should not be discontinued since the contribution is positive. Deleting a product with positive contribution reduces the total profit of the company by the amount of positive contribution.

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Which non-income factor for a potential job would influence a person who values easy access to entertainment and culture?
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Countries are interconnected today as never before. From eating foods from different countries to singing along to songs perform
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This is tough to answer in 3-5 sentences, and tends to also be a heavy identifier of your possible political leanings.  You'll have to apologize if some of mine leak out in the response, but this is a question we debate hotly more frequently than every 4 years.

In general, international trade can help increase the GDP and overall profits for US-based corporations.  However, if all we do is export, and we don't import, other countries don't look favorably upon that and may heavily tax our goods to counter this.

I believe we do need to be thoughtful about the amounts and kinds of international trade that we engage in.  For example, farming is always a hotly debated issue for international trade, in part because farmers in other countries with a dramatically lower cost of living OR farmers in countries with a favorable currency rate (exchange from their currency to our dollars gives them an advantage) can undercut our farmers here in the US, many of whom are already struggling.

There are also those who are worried that when we import produce from countries that have not outlawed pesticides we know are carcinogenic, for instance, this creates not only a disadvantage for US farmers, but also for consumers who may be concerned about health issues.

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These are examples of why it's important to be thoughtful about trade, but there are certainly many others, including decline in production jobs within the US that have left cities like Detroit a ghost town (this was formerly the hub of our automotive industry production).
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