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olya-2409 [2.1K]
3 years ago
10

All purchases are paid for as follows: a. 10% in the month of purchase, b. 40% in the following month, and c. 50% two months aft

er purchase. Calculate total budgeted cash payments made in October for purchases.
Business
1 answer:
Stels [109]3 years ago
3 0

Answer:

The total budgeted cash payments made in October is $74,290  

Explanation:

The cash payment made in October

October $69,[email protected]% $6,920  

September $73,[email protected]% $36,850  

August $76,[email protected]% $30,520  

The total is  $74,290  

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McCoy's Building Supplies built a new headquarters to support its surging sales growth. McCoy issued a 10 year bond at 100 with
IgorC [24]

Answer:

$5,000

Explanation:

Since the payments are due semi-annually and the bond were issued on January 1, 2016 at 100, we will have to calculate the interest cash payments for the two semi-annuals in 2016. Therefore, the interest rate to use is the full annual 5% stated rate. Therefore, we have:

Interest cash payment = Bond face value × Interest rate

                                     = 100,000 × 5%

Interest cash payment = $5,000.

Therefore, the cash interest payments in 2016 is $5,000.

4 0
4 years ago
In the 1970s, Atari singlehandedly created a market for home video games, offering a console and cartridges that contained games
Y_Kistochka [10]

Answer:

c. blue ocean

6 0
4 years ago
Jen is a sales manager for a large car dealership. She motivates her salespeople, provides leadership, teaches her sales teams t
ira [324]

Answer: directing function

Explanation: In simple words, directing refers to the function in which a manger instructs and guides his or her subordinates so that the organisation can achieve its predetermined goals.

In the given case, Jen is motivating and teaching her employees and after that she is evaluating the result of performance.

Hence from the above we can conclude that she is performing directing function.

3 0
4 years ago
The December 31, 2018, balance sheet of Whelan, Inc., showed $136,000 in the common stock account and $2,610,000 in the addition
Alborosie

Answer:

$169,000 negative

Explanation:

Equity = Common stock + Additional paid in surplus

Total equity at beginning= Common stock + Additional paid in surplus

=136,000+2,610,000=$2,746,000

Total equity at end= Common stock + Additional paid in surplus

=146,000+2,910,00)=$3,056,000

Hence new equity = Total equity at End - Total equity at beginning

3,056,000-2,746,000=$310,000

Cash flow to stockholders = Dividends paid - New equity

= 141,000-310,000

= -169,000

=$169,000 negative

3 0
3 years ago
Which of the following statements is true? a. The trial balance is completed to ensure that debits and credits are equal in the
Orlov [11]

Answer:

The correct answer is letter "A": The trial balance is completed to ensure that debits and credits are equal in the General Ledger.

Explanation:

A Trial Balance is a worksheet listing the debit and credit balances of all the ledger accounts for a company. Under accounting theory, the total of all the debits must equal the total of all the credits. Preparing the trial balance is the first step to closing the books at the end of an accounting period.

5 0
3 years ago
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