A wealth gap is an economic difference between

Capes Corporation is a wholesaler of industrial goods. Data regarding the store's operations follow: Sales are budgeted at $280,

mario62 [17]

Answer and Explanation:

a. The preparation of Schedule of Expected Cash Collections for November and December is shown below:-

Schedule of Expected Cash Collections

for the month of November and December

Particulars November December

Accounts receivable $63,000

Sales $280,000 $290,000

Expected cash collection

in the month of sale 60%

collection $168,000 $112,000

($280,000 × 60%) ($280,000 × 40%)

Next month 40%

cash collection $174,000

($290,000 × 60%)

Total cash collection $231,000 $286,000

b. The Preparation of Merchandise Purchases Budget for November and December is shown below:-

Particulars November December January

Cost of goods sold a

(80% of sale) $224,000 $232,000 $216,000

($280,000 × 80%) ($290,000 × 80%) ($270,000 × 80%)

Add: Ending

inventory b $92,800 $86,400

($232,000 × 40%) ($216,000 × 40%)

Total inventory $316,800 $318,400

(c = a + b)

Less: Opening inventory d $89,600 $92,800

($224,000 × 40%)

Material to be

purchased $227,200 $225,600

(e = c - d)

5 0

3 years ago

What is the present value of 10 equal payments of $16,500 to be made at the end of each year for the next 10 years?

fiasKO [112]

Answer:

$101,385

Explanation:

The question is incomplete. The complete question can be found here- https://www.chegg.com/homework-help/questions-and-answers/present-value-10-equal-payments-16-500-made-end-year-next-10-years-annual-interest-rate-10-q41891258

Here is the complete question - What is the present value of 10 equal payments of $16,500 to be made at the end of each year for the next 10 years? The annual interest rate is 10%. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use the appropriate factor(s) from the tables provided. Round your answer to the nearest whole dollar.

The present value of cash flow can be found by discounting the present value of the cash flow by 10%

This can be found using a financial calculator:

Cash flow for year 1 - 10 = $16,500

I =10%

Present value = $101,385

I hope my answer helps you

6 0

3 years ago

Oberholser, Inc., has an issue of preferred stock outstanding that pays a dividend of $3.15 every year in perpetuity. If this is

zepelin [54]

The required rate of return is $3.42%

<h3>What is Perpetuity?</h3>

A constant cash flow with indefinite period of time is called perpetuity. In this question a perpetual payment of dividend is being made. so the price of the share is calculated by the formula of perpetuity.

Given:

Present value of perpetuity = $92 per share

Cash flows = $3.15 every year

Find:

Rate of return can be calculated from the perpetuity formula

Present value of perpetuity = Cash flows / Required rate of return

$92 = $3.15 / Required rate of return

Required rate of return = $3.15 / $92

= 0.0342

= $ 3.42%

Therefore the Required return for Oberholser, Inc will be 3.42%.

Learn more about Required return on:

brainly.com/question/13941905

#SPJ4

6 0

2 years ago

Marketing research indicates that almost 70 percent of all women drivers who have driven a Volkswagen Cabrio prefer it to any ot

hoa [83]

Answer:

Demographic

Explanation:

A market segment is a portion of a large market in which the individuals, groups or organizations share one or more characteristics that cause them to have relatively similar products needs.

A market segment consist of a group of customers that share a similar set of needs and wants.

Are four categories of segmentation:

-Geographic

-Psychographic

-Behavioral

-Demographic. The process of dividing a market through variables such as age, gender, education level, family size, occupation, income, and more. This is one of the most used strategies amongst marketers.

7 0

3 years ago

_____ holds data when the computer is off or during the course of a program's operation.

aliya0001 [1]

The word to fill the blank space is "Secondary Memory".
Complete sentence will be as below:

Secondary memory holds data at a time when the computer is not on an/or at a time when a program is operating its functions.
This part also serves as archival storage, it is used when someone needs to store huge amount of data and for a longer period of time.

8 0

3 years ago