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Mars2501 [29]
3 years ago
14

Blue has forecast sales to be $429,000 in February, $559,000 in March, $599,000 in April, and $639,000 in May. The average cost

of goods sold is 60% of sales. All sales are made on credit and sales are collected 50% in the month of sale, 30% the month following and the remainder two months after the sale. What are budgeted cash receipts in May
Business
1 answer:
RSB [31]3 years ago
8 0

Answer:

Total budgeted cash receipts fro May : $611000

Explanation:

Sales on credit is where the debtor can pay for the goods or services on a later date. In this case, it is paid at 3 different times: 50% during the month of sale, 30% during the next month and the reminder 20% the month after that.

According to the information, May collections would include sales of May as well as March and April. It would be:

50% of May sales = $639000 x 50% = $319500

30% of April sales = $599000 x 30% =

$179700

20% of March sales = $559000 x 20% = $111800

Total budgeted cash receipts for May = $319,500 + $179,700 + $111800 = $611000

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Television channel operating profits vary from as high as 45 to 55 percent at MTV and Nickelodeon down to 12 to 18 percent at NB
Xelga [282]

Answer:

Explanation:

MTV and cable channels can have higher operating profits largely because they have lower costs and can reach very specific demographic groups quite easily. MTV and Nickleodeon are typically not paying high and uncertain prices for their shows. They air mainly reruns of proven shows or relatively low-cost reality shows. This means that they have more cost certainty.

In addition, they have very clear target audiences where the networks do not. MTV is clearly aimed at teens and young adults while Nickleodeon is a kids' channel. Advertisers are attracted to channels with such clear demographics.

As far as Porter's five forces go, the most likely reason for the higher cable profits would have to do with brand equity and the lower propensity among buyers to substitute.

These would mean that cable channels have a lower threat of new competition and a lower threat of substitute products. It is true that it is easy for a new cable channel to be created, but it is much harder for such a channel to get the name recognition and brand equity that MTV and Nickleodeon have.

4 0
3 years ago
Which one is NOT considered an universal virtue?
Juli2301 [7.4K]

Answer:

B - happiness

Explanation:

cause it's not a must for a person to be happy

5 0
2 years ago
The purpose of a budget is to track your income and your spending. true or false?
skad [1K]
False we use it to save money
3 0
3 years ago
Read 2 more answers
A company purchased a computer system at a cost of $34,000. The estimated useful life is 8 years, and the estimated residual val
Iteru [2.4K]

Answer:

Year 2= $4,687.5

Explanation:

Giving the following information:

Purchase price= $34,000

Useful life= 8 years

Salvage value= $9,000

<u>To calculate the depreciation expense under the double-declining-balance, we need to use the following formula:</u>

<u></u>

Annual depreciation= 2*[(book value)/estimated life (years)]

Year 1= [(34,000 - 9,000)/8]*2= $6,250

Year 2= [(25,000 - 6,250)/8]*2= $4,687.5

3 0
3 years ago
Define numeric records management and list three reasons for storing records by the numerical method.
Kryger [21]

Numeric record management is a numeric storage technique that utilizes the last two or three digits of each number as the primary division where the record is filed. In this system, records are arranged based on numbers. This system is essential in health care data handling and employee records storage.

The first reason for storing records by the numeric technique is that allows for keeping confidential records, especially in organizations. This method identifies specific records while maintaining confidentiality. It can be of great assistance when handling medical data for patients and employee records because it applies the HIPAA rules.

Numeric record management ensures high accuracy where a high volume of files can be retrieved and re-filed frequently. A color code label is applied and it ensures file retrieval and re-shelving faster and with less confusion. The first, middle, and last number changes together with the color code. The color gives a visual clue which boosts the speed and efficiency of the filling process.

Management is the management of an organization, such as a corporation, non-profit organization, or government agency. This is the art and science of managing company resources.

t guides the group's efforts towards achieving specific, predetermined goals. “Management” is the process of cooperating with and working through others to effectively achieve organizational goals by using limited resources efficiently in a changing world.

Help Group Achieve Goals - Organize production factors, gather and organize resources, and effectively integrate resources to achieve goals. It directs the group's efforts toward achieving pre-established goals.

Learn more about  management here

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7 0
2 years ago
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