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Nookie1986 [14]
3 years ago
8

Hewitt Company expects cash sales for July of $ 19 comma 000​, and a 22​% monthly increase during August and September. Credit s

ales of $ 5 comma 000 in July should be followed by 31​% increases during August and September. What are budgeted cash sales and budgeted credit sales for September​ respectively? (Round final answers to the nearest​ dollar.)
Business
1 answer:
Nonamiya [84]3 years ago
7 0

Answer:

$28,279.60 and $8,580.50

Explanation:

The computation of the budgeted cash sales and budgeted credit sales for September​ is shown below:

For cash sales:

= July cash sales + July cash sales × increased percentage + Total cash sales × increased percentage

= $19,000 + $19,000 × 22% + $23,180 × 22%

= $28,279.60

The total cash sales = $19,000 + $19,000 × 22%

For credit sales:

= July credit sales + July credit sales × increased percentage + Total credit sales × increased percentage

= $5,000 + $5,000 × 31% + $6,550 × 31%

= $8,580.50

The total cash sales = $19,000 + $19,000 × 22%

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Answer:

correct option is C. $250,000

Explanation:

given data

sold the home and gain = $300,000

to find out

amount of the gain allowed to exclude from gross income

solution

we know that Michael owned the property for the 10 years

so here Michael is not allowed to exclude the gain = 10 % that is $30,000

and The maximum gain exclusion permitted =  $250000

so here Michael will recognize $50,000 because amount exceed $250,000 for a single taxpayer and exclusion of gain on sales of property tax payer need to own and occupy the property as principle residence for the  2 out of 5 year immediately preceding the sales

so here correct option is C. $250,000

5 0
3 years ago
James is a sales agent who is sponsored by best realty, and he is a member of the a-1 team. what must be done to ensure that jam
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His broker must register the team name that complies with the new regulations with TREC before he may use it in advertising.

<h3>What is a team name?</h3>
  • The term "team name" refers to a name that is employed by one or more license holders that are sponsored by or connected to the same broker but are not the broker's actual name or an assumed business name.
  • Team or group must be at the end of team names.
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  • Brokerage, corporation, and associates are a some of the forbidden words.
  • As long as the team name ends with the words team or group, the phrases realty or real estate are permissible in the team name.
<h3>What is TREC?</h3>
  • The governmental entity in charge of overseeing real estate practices in the state of Texas is called the Texas Real Estate Commission.
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Learn more about TREC here:

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3 0
1 year ago
A. English Common Law<br> B.Ethical dilemmas<br> C.Stare decisis<br> D.Utilitarian decision making
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Answer:

C

Explanation:

no idea what a,b,c, and d are for. no question?

3 0
3 years ago
LO 8.5Identify several causes of a favorable material quantity variance.
yan [13]

Answer:

Possible causes of material quantity variance:

1. The use of sub-standard material

2. The use of unskilled labour

3.  Wastage of material

Explanation:

Material quantity variance is the difference between standard quantity and actual quantity used multiplied by standard price. The use of sub-standard material reduces the quality of output thereby resulting to unfavorable material quantity variance.  The use of unskilled labour also leads to unfavorable material quantity variance. Wastage of material                                                  due to low quality of inputs also results to unfavorable material quantity variance.                                                                        

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3 years ago
An investor purchases a 15-year, $1,000 par value bond that pays semiannual interest of $40. If the semiannual market rate of in
ra1l [238]

Answer:

Bond Price​= $846.3

Explanation:

Giving the following information:

YTM= 0.05

Maturity= 15*2= 30 semesters

Par value= $1,000

Coupon= $40

<u>To calculate the price of the bond, we need to use the following formula:</u>

<u></u>

Bond Price​= cupon*{[1 - (1+i)^-n] / i} + [face value/(1+i)^n]

Bond Price​= 40*{[1 - (1.05^-30)] / 0.05} + [1,000 / (1.05^30)]

Bond Price​= 614.90 + 231.38

Bond Price​= $846.3

6 0
3 years ago
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