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SSSSS [86.1K]
3 years ago
14

Schedule of Cash Collections on Accounts Receivable and Cash Budget Roybal Inc. sells all of its product on account. Roybal has

the following accounts receivable payment experience: Percent paid in the month of sale 20 Percent paid in the month after the sale 55 Percent paid in the second month after the sale 23 To encourage payment in the month of sale, Roybal gives a 2% cash discount. Roybal's anticipated sales for the next few months are as follows: April $190,000 May 248,000 June 260,000 July 240,000 August 300,000 Required: Prepare a schedule of cash receipts for July.
Business
1 answer:
mixer [17]3 years ago
4 0

Answer and Explanation:

The preparation of the schedule of cash receipts is shown below:

                             Schedule of cash receipts for July

For July Payments on account:

From May credit sales: ($248,000 × 23%) $57,040

From June credit sales: ($260,000 × 55%) $143,000

From July credit sales: ($240,000 × 20%) $48,000

Less: July cash discount ($48,000 × 2%) $ (960)

Cash receipts for July $247,080

Since the percentage of paid amount is given i.e For may it is 23%, for June it is 55% and for July it is 20% and the cash discount is 2%

So according to the percentage of the paid amount, the amounts are calculated i.e shown above

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ohaa [14]

Answer: a. I made comparisons with others' salaries."

Explanation:

Equity theory simply refers to the principle that the actions of individuals are based on fairness and in a situation whereby there's no fairness or equity, the workers will seek to address such differences.

According to the equity theory, workers believe that everyone who puts in a similar input should get a similar reward. Therefore, in this case since Ted used the equity theory, he'll make a comparison with the salary of others.

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3 years ago
Some companies positively harness the power of rumors to multiple choice instill false confidence in investors. replace formal c
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Some companies positively harness the power of rumors to create buzz about a new product launch. Option C. This is further explained below.

<h3>What are rumors?</h3>

Generally, rumor is simply defined as a tale or report that is now doing the rounds but whose veracity is questionable.

In conclusion,  In certain cases, corporations use the power of rumors to promote a new product introduction.

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2 years ago
Production estimates for July for Starling Co. are as follows: Estimated inventory (units), July 1 8,500 Desired inventory (unit
Diano4ka-milaya [45]

Answer:

Material Purchase Budget:

Material A: $1,170,000

Material B:  $702,000

Explanation:

Material purchase budget = Material usage budget × standard price

Material usage budget = Production budget ×standard usage

Production budget = sales + closing inventory - opening inventory

  Production budget = 76,000 + 10,500 - 8,500= 78,000

Material purchase budget = Material usage budget × standard price

Material Purchase Budget:

Material A: 3 × 78,000  × $5= $1,170,000

Material B: 0.5 × 78,000 × $18= $702,000

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3 years ago
Monitoring Central Bank Intervention1) How can your business be affected if the Fed attempts to strengthen the dollar in the for
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Answer:

1) if the FED decides to strengthen then dollar, it will make US exports more expensive and imports cheaper. That will cause net exports to decrease, i.e. there will be less exports and more imports.

A strengthening of the US dollar helps importing companies because they will buy cheaper goods from abroad and will be able to sell them at higher domestic prices. On the other hand, exporting companies will be hit because hey loss competitiveness since their products will be more expensive.

2) If the FED decides to weaken the US dollar, the opposite will happen. Exporting companies will be favored, while importing companies will be hurt. The country will start to export more and import less.

3) Generally, the FED intervenes market through its money supply policy. When the interest rate increases or the money supply increases, the value of the US dollar will tend to lower. Even if expansionary monetary policy doesn't have an immediate impact, the expectations do matter. If people expect a devaluation of the US dollar, they will start to buy foreign currencies, which in turn will end up devaluating the US dollar. It is a self-fulfilled prophecy.

Another way the FED impacts businesses is through the interest rate. Lower interest rates will increase both domestic and foreign investment in the US.

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3 years ago
Institutional owners are Group of answer choices
vfiekz [6]

Answer:

Financial institutions such as mutual funds and pension funds that control a large block of shareholders position.

Explanation:

Institutional ownership can be defined as the quantity of stock that is being owned by large bodies such as investment firms, mutual funds, investment banks, insurance companies. These different bodies are responsible for the management of different funds for other entities.

A lot of different institutional investors can own a large amount of shares, therefore if an institution decides to sell, it will have a huge effect on a lot of individual shareholders.

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3 years ago
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