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stepan [7]
3 years ago
15

A company’s past experience indicates that 60% of its credit sales are collected in the month of sale, 30% in the next month, an

d 5% in the second month after the sale; the remainder is never collected. Budgeted credit sales were: Ch7_Q181 The cash inflow in the month of June is expected to be $282,500. $213,750. $225,000. $270,000.
Business
1 answer:
Naddika [18.5K]3 years ago
4 0

Answer:

$213,250

Explanation:

The calculation of cash inflow is shown below:-

                    Expected cash collections

                       For the month of June

Months       Sales              Percentage     Expected collections

April           $282,500        5%                    $14,125

May            $213,750         30%                  $64,125

June           $225,000        60%                 $135,000

Total collection in the month of June        $213,250

Here we assume Sales for April$282,500, May $213,750 and June $225,000.

Please ignore the last value as it is not relevant to the question

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you inherit $10,000 with the stipulation that you for the first year the money must be invested in two stocks paying 6% and 11%
Crank

Answer:

At 6% $3,529.412 will be invested

At 11% $6,470.588 will be invested

Explanation:

Let x be the investment for 6% stock

And (10,000-x) is the investment it 11% stock

Let I be interest earned on both investments.

Using the formula

Principal(p)= Interest(I)*Rate(r)*Time(t)

p/RT= I

So considering both investments

x/(6%*1)= (10,000-x)/(11%*1)

x/0.06= (10,000-x)/0.11

Cross-multiply

0.11x= 0.06(10,000-x)

0.11x= 600- 0.06x

Rearranging

0.11x+ 0.06x= 600

0.17x= 600

x= 600/0.17= 3,529.412 amount invested at 6%

Amount invested at 11%= 10,000-3,529.412

= 6,470.588

8 0
3 years ago
For each of the following transactions for , state whether the total effect of the transaction results in an increase, decrease,
astraxan [27]

Answer:

It will increase the assets,equity and net income but decrease the liabilities

5 0
3 years ago
Which of the following is a weakness of publicity? Publicity has high absolute costs. Publicity is difficult to receive good fee
Fittoniya [83]

Answer:

There is a lack of user control over publicity.

Explanation:

Publicity is the degree of awareness of a product, company or service. It is the movent of information from the source to the general public.

One of the weakness of publicity is the lack of control the user or source has over it. Once an information is given to the public they form a perception and spread it in a way that the original source cannot control.

The lack of control a user has over publicity can have adverse effects, for example when negative publicity is circulating in the market a company is operating, it can lead to loss of revenue.

7 0
3 years ago
For approximately how many seconds does 2022 versa’s hill start assist hold the brakes?
zhuklara [117]

The Nissan Versa has a starting assistant that lasts at least 3 seconds so that the driver can easily start on slopes.

<h3>What is the hill start assistant?</h3>

The hill start assistant is a technological and mechanical device that has been implemented in several cars worldwide to prevent the car from rolling back due to gravity and inertia.

Hill Start Assist allows the driver to start on a hill without worrying about backing up. This development has prevented several accidents and is a good invention for those who are just starting to drive.

One of the cars that have this development is the Nissan versa 2022. This car offers a hill-start assistant that allows the driver to have at least 3 seconds to start the car on a slope without the car backing up.

Learn more about cars in: brainly.com/question/11312858

8 0
2 years ago
Sweet Inc. manufactures cycling equipment. Recently, the vice president of operations of the company has requested construction
Reika [66]

Answer:

$4,775,565.49

Explanation:

The computation of the selling price of the bond is shown below:

Particulars                  Amount PV factor 6%       Present value

Semi-annual interest $216,209 19.60044    $4,237,791.53

Principal                         $3,088,700     0.174110131  $537,773.96

Total                                                       $4,775,565.49

Working notes

Semi-annual interest $216,209 = $3,088,700 × 14% × 6 ÷ 12

PV factor 3%:    

Semi-annual interest 13.76483115      = {(1 - (1.06)^-30) ÷ 0.06 }

Principal 0.174110131  = {1 ÷ 1.03^30}

6 0
3 years ago
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