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Oksana_A [137]
2 years ago
11

The Perry Company reported Accounts Receivable, Net of $64,400 at the beginning of the year and $73,700 at the end of the year.

If the company's net sales revenue during the fourth year was $898,000, what are the days to collect during year? (Round all calculations to 1 decimal place.)
Business
1 answer:
bija089 [108]2 years ago
3 0

Answer:

28.06

Explanation:

The formula for calculating this is,

(Average Account Receivable / Net Sales Revenue) * 365

Hence the answer is calculated as:

(69050 / 898000) * 365 = 28.06.

Hope this helps.

Good Luck.

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When a producer offers a prospective insured a portable dishwasher as a bonus for purchasing a policy, he/she could be guilty of
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Answer:

The correct answer to the following answer will be Rebating.

Explanation:

Rebating: It is a manner to get potential insurance customers to purchase the insurance product by returning their money to the broker or agent. The insurance company can even offer premium or even donation discounts. Insurance regulators do not find this to be a good exercise since unfair competition can grow and insurance insolvency can occur.

Therefore, Rebating is the correct answer.

8 0
2 years ago
Susan’s customers are always concerned about what they are receiving in exchange for what they are paying. They are concerned ab
liubo4ka [24]

Answer: Customer value  

         

Explanation: In simple words, customer value refers to the level of satisfaction that the consumer receives from purchasing a commodity. The level of satisfaction highly depends on the price that the customer gives for the commodity.

In the given case, the customer of Susan's were concerned about their utility satisfaction.

Hence from the above we can conclude that the correct option is C.

3 0
3 years ago
ProCart manufactures shopping carts which it sells directly to supermarkets at a unit price of $36. Salesmen complain that they
Anna71 [15]

Answer:

salesman sell before contributes anything to manufacturing overhead and profit =  1852 units

Explanation:

given data

Sale price = $36

variable cost = 40%

budgeted auto and travel expenses = $12,000

salary = $28,000

to find out

how many units will the salesman sell before contributes anything to manufacturing overhead and profit

solution

we get here makes variable cost that is

makes variable cost = 40% of $36

makes variable cost = $14.40

so contribution margin per unit will be

contribution margin = 36 - 14.4

contribution margin = $ 21.60

and Fixed cost will be as

Fixed cost = salary +  budgeted auto and travel expenses

Fixed cost = 28000 + 12000

Fixed cost = $40000

and now  salesman sell before contributes anything to manufacturing overhead and profit will be as

salesman sell before contributes anything to manufacturing overhead and profit  = Fixed cost ÷ Contribution margin per unit    .......................1

salesman sell before contributes anything to manufacturing overhead and profit = \frac{40000}{21.6}

salesman sell before contributes anything to manufacturing overhead and profit =  1852 units

5 0
3 years ago
Brighton, Inc., manufactures kitchen tiles. The company recently expanded, and the controller believes that it will need to borr
Igoryamba

Answer:

Brighton, Inc.

a) Schedules Computing Inventory Budgets by months

a1) for Production:

                                          April           May          June       Total

Beginning Inventory     120,000    100,000      120,000        120,000

Units Produced            500,000   500,000     500,000     1,500,000

Inventory available      620,000   600,000     620,000     1,620,000

Less Ending Inventory 100,000    120,000      120,000        120,000

Units sold                    520,000    480,000     500,000    1,500,000

a2) Raw Materials Purchases in pounds

                                                   April           May

Ending inventory                    50,000        50,000

Raw materials required        125,000       125,000

Raw materials available        175,000       175,000

Beginning Inventory              58,000        50,000

Purchases                            117,000        125,000

Purchases value $4 per pound $468,000    $500,000

b) Projected Income Statement for May:

Net Sales                                                          $1,970,000

Cost of goods sold:

Finished Beginning Inventory $480,000

Cost of production                   1,460,000

less closing inventory                480,000       $1,460,000

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Selling expenses                    $200,000

Administrative expenses          155,000         $355,000

Net Income                                                      $155,000

Explanation:

a)    Sales =                             $2,000,000

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Variable overhead                    180,000

Fixed overhead                       390,000

Total                                    $1,460,000

e) Budgets are financial tools to forecast an entity's projections for sales, production, expenses, and cash balances.  They help to anticipate developments ahead of time in order to plan for them and to prepare for unanticipated occurrences.

4 0
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8 0
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