Answer:
$242,000
Explanation:
Calculation for what The budgeted accounts receivable balance on May 31 would be
Accounts Receivable
Debit side
April 320,000
May 300,000
Total $620,000
Credit side
April 96,000 (30% x 320,000)
April 192,000 (60% x 320,000)
May 90,000 (30% x 300,000)
Total=$378,000
The budgeted accounts receivable balance=$620,000-$378,000
The budgeted accounts receivable balance=$242,000
Therefore The budgeted accounts receivable balance on May 31 would be $242,000
Answer:
Net cash provided by financing activities is $130,000
Explanation:
Increase in bonds Payable = $100000
Issuance of Common stock = $60000
Payment of cash dividends = $30000
Therefore,
Net cash provided by financing activities = Increase in bonds Payable + Issuance of Common stock - Payment of cash dividends
= $100000 +$60000 -$30000
= $130,000
Answer:
The required minimun return on investment was 10%
Explanation:
<u>the rate of return formula:</u>
return / investment = rate of return
return: contribution er unit x total units
sales - cost = contribution
200- 195 = 5 contribution
5 contribution x 100,000 units = 500,000 return
500,000/5,000,000 = 0.1 = 10%
Answer:
Answer is "FALSE"
Explanation:
As , when a company buys another company there is a strong Knowledge Transfer you can learn about running the business from the current owner, which helps you to gain an insight about their experiences and also use their expertise as how they worked previously on their existing products and you can then grab ideas and follow procedures and use them for your own innovation (The acquiring firm).