1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
vlada-n [284]
3 years ago
9

Trumbull Corporation budgeted sales on account of $120,000 for July, $211,000 for August, and $198,000 for September. Experience

indicates that none of the sales on account will be collected in the month of the sale, 60% will be collected the month after the sale, 36% in the second month, and 4% will be uncollectible. The cash receipts from accounts receivable that should be budgeted for September would be: a. $169,800. b. $147,960. c. $197,880. d. $194,760.
Business
1 answer:
GrogVix [38]3 years ago
4 0

Answer:

a. $169,800

Explanation:

As for the provided information we have,

Sales data, for each month

July              $120,000

August         $211,000

September   $198,000

Cash receipt budgeted for September shall be:

36% of sale of the month of July = $120,000 \times 36% = $43,200

60% of sale of the month of August = $211,000 \times 60% = $126,600

Thus, total expected amount = $169,800

Therefore, correct option is

a. $169,800

You might be interested in
What is the name of Jessie Robinson's employer?<br> PERSONAL FINANCE
Zanzabum

Answer:

Finance Learning Corporation

Explanation:

8 0
3 years ago
List of People and Business you would include on your team:​
nlexa [21]

Answer:

Technologically wise poeple

I have a zeal for learning coding

5 0
2 years ago
Select the correct answer.
Lapatulllka [165]

Answer:

B. equity financing

Explanation:

Equity financing involves giving up part of the company because it will have to be shared with the partners of the organization who are usually the investors.

5 0
3 years ago
The purpose of an executive summary is to A. combine information from various sources in novel and insightful ways that do not r
Savatey [412]
<h2>The purpose of an executive summary is to represent briefly the most important elements of your report including the key findings and conclusions.</h2>

Explanation:

Executive summary:

  • To highlight the main feature thus catching the attention of readers to learn more on it.
  • It should state the purpose of the report which is mandatory
  • It should also contain the results and recommendation too
  • It is just a overview of the important findings
  • The report should be presented in such a manner that the reader does not get bored
  • This can also be called as synopsis
3 0
3 years ago
What is Gravitational law and how yo solve it​
SSSSS [86.1K]

Explanation:

I believe this is what you are asking for, Newton's law of gravitation.

The law of Newton's universal-gravitation states that every particle will attract every other particle in the universe. The force that attracts this is a force that is directly proportional to a product of the mass.

7 0
3 years ago
Other questions:
  • You are given the following information on Parrothead Enterprises: Debt: 9,200 6.4 percent coupon bonds outstanding, with 23 yea
    13·1 answer
  • A _____ plan relies on a predetermined formula to distribute a share of the company's profits to eligible employees.
    10·1 answer
  • Marion Industries has an average accounts receivable turnover ratio of 12 times per year whereas most of its competitors have a
    14·1 answer
  • States use different types of trade strategies to try to improve economic outcomes, some are more "classic liberal," believing t
    7·1 answer
  • A fire destroyed some of Cholla, Inc.’s records. Information from the documents found related to inventory is listed below. Endi
    7·1 answer
  • Mark is a manager for Cable Connection. He spends most of his time scheduling the specific service calls that each employee perf
    11·1 answer
  • When funds are borrowed to pay for construction of assets that qualify for capitalization of interest, the excess funds not need
    13·1 answer
  • The annual interest rate on a credit card is 17.99%. If a payment of $200.00 is
    7·1 answer
  • What does the release of earnings announcements have in common?
    13·1 answer
  • converting quarterly and annual business plans into broad output and labor requirements for the intermediate term is known as:
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!