Answer:
$57,100
Explanation:
The technique for this question to follow closely the payment cycle
<u>Calculation of January Cash Receipts</u>
Cash Sales ($59,000 x 10%) $5,900
Credit Sales in January ($59,000 x 40%) $23,600
Credit Sales in December ($51,000 x 50%) $25,500
Credit Sales in December ($21,000 x 10%) $2,100
Total $57,100
Conclusion
the expected cash receipts for January from the current and past sales is $57,100
Vertical merger is the joining of two companies involved in different stages of related businesses.
False.A person's net worth statement shows a person's net worth based on assets and liabilities Done through:
Assets- money or items of value (car, house)
Liabilities- debts you owe (loans)
Answer:
Days of personal use 69 days
Days of rental use 54 days
Explanation:
Calculation to determine How many days of personal use and how many days of rental use did Junior experience on the property during the year
Calculation for DAYS OF PERSONAL USE using this formula
Days of personal use=Days used personally+ Rented to favorite brother+Rented to least favorite brother+Rented to friend
Let plug in the formula
Days of personal use=36 days+12 days+9days+12 days
Days of personal use=69 days
Calculation for DAYS OF RENTAL USE using this formula
Days of rental use=Rented to third parties+Home repair and maintenance work
Let plug in the formula
Days of rental use=52 days+2 days
Days of rental use=54 days
Therefore Junior experience 69 days of personal use and 54 days of rental use during the year
Answer: Which of the following would not be included in operating assets in return on investment calculations? D) Factory building rented to (and occupied by) another company
Explanation: Operating assets are assets that are used to conduct ongoing business operations. However, if they are going to yield a return on investment, it would not be counted in their operating assets due to renting the building to another company.
