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pochemuha
2 years ago
6

All of Gaylord Corporation's sales are on account. Thirty-five percent of the sales on account are collected in the month of sal

e, 45% in the month following sale, and the remainder are collected in the second month following sale. The following are budgeted sales data for the company: January February March April Total sales $50,000 $60,000 $40,000 $30,000 What is the amount of cash that should be collected in March
Business
1 answer:
elena-14-01-66 [18.8K]2 years ago
4 0

Answer:

$51,000

Explanation:

Given that,

Budgeted sales:

January = $50,000

February = $60,000

March = $40,000

April = $30,000

45% in the month following sale

35% of the sales on account are collected in the month of sale

Remainder are collected in the second month following sale.

Therefore,

Amount of cash that should be collected in March:

= (20% of January sales) + (45% of February sales) + (35% of March sales)  

= ($50,000 × 20%) + ($60,000 × 45%) + ($40,000 × 35%)

= $51,000

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Consider the following information pertaining to OldWest's inventory:
kipiarov [429]

Answer:

$2,664

Explanation:

Generally Acceptable Accounting Principles requires that the closing inventory should be valued at lower of cost and Net realizable value.

Product     Quantity    Total Cost     Total Net Realizable Value

Revolvers      13           $126              $155

Spurs             22          $32               $27

Hats               9            $58               $48

Choosing Which one is lower for each product

Product     Quantity    Rate        Total Value

Revolvers      13           $126              $1,638

Spurs             22          $27               $ 594

Hats               9            $48               $432

Total Closing Inventory Value = $1,638 + $594 + $432 = $2664

4 0
3 years ago
The Incident Action Plan is prepared by General Staff from which section? A. Planning B. Operations C. Logistics D. Finance/Admi
SOVA2 [1]

Answer:

The correct answer is A

Explanation:

IAP stands for Incident Action Plan, which is defined as the organized course of the events that addresses or notices all the phases or stages of the incident control in the specified time.

It is required to completed or finished in the timer period or time frame, which allows the least amount of the action that is negative to continue.

So, this plan is made or prepared through the General Staff of the Planning section.

5 0
3 years ago
Read 2 more answers
Last month, Duncan Incorporated’s Assembly Division had total manufacturing costs of $457,250, total conversion costs of $279,00
mars1129 [50]

Answer:

The answer is: Duncan's materials costs per unit was $1.50 ($6.10 - $4.60) less than Davis's materials costs per unit.

Explanation:

We must first calculate the materials costs for both companies:

  • Duncan's total costs was $457,250 minus conversion costs of $279,000 equals total materials costs of $178,250.
  • Davis's total costs was $721,056 minus conversion costs of $381,408 equals total materials costs of $339,648 .

Now we calculate the materials costs per unit produced:

  • Duncan's total materials costs $178,250 divided by 38,750 units equals $4.60 per unit.
  • Davis's total materials costs $339,648  divided by 55,680 units equals $6.10 per unit.

So Duncan's materials costs per unit was $1.50 ($6.10 - $4.60) less than Davis's materials costs per unit.

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6 0
3 years ago
to ________, lance, an hr manager, shares his company’s job openings on social media and online job postings.
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Organization does recruitment periodically so as to bring individual with fresh brains and of ideals into the organization. To recruit from outside the organization lance, an HR manager, shares his company’s job openings on social media and online job postings.

A recruit in any organization are often regarded as a fresh or additional newcomer to a specific field. They are the newly enlisted or drafted member of a team.

Organization does recruit people to join them.

Conclusively, by posting their vacancies and openings, organization are able to reach recruit from outside their organization to known about the opening and then apply for it.

Learn more from

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6 0
3 years ago
A key part of the income-expenditure model is understanding that as gdp (or national income) rises, so does ________. group of a
Alinara [238K]

A key part of the Income-Expenditure model is understanding that as national income (or GDP) rises, so does aggregate expenditure

<h3>What is aggregate expenditure?</h3>

The equilibrium level of real GDP, which may be used to estimate the level of employment in the economy, is determined by the income-expenditure model. The aggregate expenditure schedule is the model's key component (or curve). Recall that total spending is the sum of four components: net exports, government spending, investment spending, and consumer spending.

Understanding that aggregate expenditure increases as national income (or GDP) increases is a critical component of the Income-Expenditure model. In the pages that follow, we'll go over the elements of total expenditure and look at how national income affects them. The total expenditure will then be calculated by adding the four parts collectively.

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