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larisa [96]
3 years ago
5

Crocetti Corporation makes one product and has provided the following information to help prepare the master budget for the next

four months of operations: Budgeted selling price per unit $ 121 Budgeted unit sales (all on credit): January 7,000 February 7,500 March 11,900 April 14,900 Credit sales are collected: 40% in the month of the sale 60% in the following month The budgeted accounts receivable balance at the end of February is closest to:
Business
1 answer:
Andrew [12]3 years ago
4 0

Answer:

The budgeted accounts receivable balance at the end of February is closest to: $4,500.

Explanation:

Prepare a Accounts Receivable Budget for January and February

                                              January           February      

Balance b/d                                $0                $4,200

Credit Sales                           $7,000             $7,500            

Cash Received (40%)           ($2,800)          ($3,000)

Cash Received (60%)                $0               ($4,200)

Balance c/d                           $4,200             $4,500

Conclusion:

Therefore, the budgeted accounts receivable balance at the end of February is closest to: $4,500

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murzikaleks [220]

Answer:

4.96%

Explanation:

In order to determine the component after-tax cost of debt first we need to  compute the before tax cost of debt by applying the RATE formula which is to be shown in the attachment below:

Given that,  

Present value = $1,155

Future value or Face value = $1,000  

PMT = 1,000 × 8.25% ÷ 2 = $41.25

NPER = 40 years × 2 = 80 years

The formula is shown below:  

= Rate(NPER;PMT;-PV;FV;type)  

The present value come in negative  

So, after applying the above formula

1. The pretax cost of debt is 3.54%  × 2 = 7.08%

2. And, the after tax cost of debt would be

= Pretax cost of debt × ( 1 - tax rate)

= 7.08% × ( 1 - 0.30)

= 4.96%

8 0
3 years ago
The Martinez Legal Firm (MLF) recently acquired a smaller competitor, Miller and Associates, which specializes in issues not pre
Vsevolod [243]

Answer:

increase

Explanation:

Transaction cost is the cost needed for every exchange. This cost can be external or internal. External transaction cost comes from the cost to do an exchange with a second party while internal cost comes from the company itself.  

The Martinez Legal Firm acquired a competitor so their business size will increase for sure. Larger businesses will become more complex and need more management. These will, in turn, increase the internal transaction cost.

6 0
3 years ago
Which of the following is FALSE? Group of answer choices Most of the maquiladora industry is located in the states of Mexico tha
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Answer:

The maquiladora industry has not created much employment in Mexico because most of the production is capital intensive

Explanation:

maquiladora industry in Mexico are company that allow industries to perform production by converting raw materials into finished product for exportation and for local use by making this industry a "Tax- free". or making them to have duty free. Examples of maquiladora industry are

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7 0
3 years ago
Suppose the economy is closed with national saving of $3 trillion, consumption of $10 trillion, and government purchases of $4 t
yanalaym [24]

Answer:

The correct answer is: $17 trillion.

Explanation:

The Gross Domestic Product or GDP represents the overall market value of all the goods and services a country produces and it measures the size of the economy. The GDP is determined with the following formula:

GDP = C +  G + I + NX

where:

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In the example:

GDP = $3 trillion + $10 trillion + $4 trillion = $17 trillion

4 0
3 years ago
Xugo hit tht new rank ;0<br> good job bby
Ne4ueva [31]

Hello!

Um, Okay...

Good Job, for you bby hit a new rank...

Have a great day!

#LearnWithBrainly

Answer:

- TanakaBro

Plus, here is a anime image that might make your day happy. . .

8 0
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