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Jet001 [13]
3 years ago
7

Harrington makes all sales on account, subject to the following collection pattern: 30% are collected in the month of sale; 60%

are collected in the first month after sale; and 10% are collected in the second month after sale. If sales for June, July, and August were $80,000, $130,000, and $120,000, respectively, what were the firm's budgeted collections for August and the company's budgeted receivables balance on August 31
Business
1 answer:
nikklg [1K]3 years ago
5 0

Answer:

Cash Collection is $122,000

Receivable as on August 31, is $97,000

Explanation:

Total budgeted cash collection in the month of August is $122,000 and total receivables as on August 31 is $97,000.

A schedule for the cash collection is made in MS Excel file, which is attached with this answer, please find it.

Download xlsx
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Radford is a small company that manufactures automobile bearings. Managers at the company must make decisions on the kind and th
Lynna [10]

Answer:

a. corporate finance

Explanation:

Corporate finance -

It refers to the financial area , which is expertise in the source of funding , is referred to as corporate funding.  

The action taken by the manager to increase the value of firms to the shareholders , this is the main focus of the corporate finance.  

Hence , from the given scenario of the question,  

The correct option is a. corporate finance .

8 0
3 years ago
When you purchase an item from Globus Corp., they place the item in a paper bag with handles and vertical yellow, blue, and whit
denis23 [38]

The bag's coloring and design are considered its trade dress.

<h3>What is a trade dress?</h3>
  • The commercial look and feel of a product or service that identifies and distinguishes the source of the product or service are referred to as trade dress.
  • It encompasses the different aspects (such as material design and shape) used to package a product or service.
<h3>What is a certification mark?</h3>
  • A certification mark is a sort of trademark that is used to show consumers that specific goods and/or services, or the providers of those goods and/or services, have satisfied certain requirements.
<h3>What is a service mark?</h3>
  • A "service mark" is a form of trademark that is protected and governed by the Lanham Act.
  • Service marks are used to identify and distinguish one individual's or organization's services, even if they are unique, from those supplied by others.
<h3>What is a collective mark?</h3>
  • A collective trademark, collective trademark, or collective mark is a trademark owned by an organization that is used by its members to identify themselves with a certain degree of quality or accuracy, geographical origin, or other features specified by the organization.

Therefore, the bag's coloring and design are considered its trade dress.

Know more about trademarks here:

brainly.com/question/11957410

#SPJ4

5 0
2 years ago
Production and Purchases Budgets At the beginning of October, Comfy Cushions had 2,600 cushions and 15,500 pounds of raw materia
Wewaii [24]

Answer:

<u>Production budget for October and November</u>

                                                                October            November

                                                                 cushions             cushions

Budgeted Sales                                         13,000                15,000

Add Budgeted Closing Inventory              3,000                  3,600

Total Production needed                          16,000                18,600

Less Budgeted Opening Inventory          (2,600)                (3,000)

Production Budget                                    13,400                15,600

Explanation:

A Production Budget shows the quantities of finished goods that must be produced to meet <em>expected sales</em> <u>plus</u> any <em>increase in inventory</em> levels that might be required.

8 0
3 years ago
A thief uses a bag of sand to replace a gold statue that sits on a weight sensitive alarmed pedestal. The bag of sand and the st
GaryK [48]

Answer:

No, the thief didn't set off the alarm. As the mass of the gold statue and the bag of sand is different, the alarm clock will start ringing once the statue is replaced with the bag of sand. Thus, the thief screwed up the operation.

3 0
3 years ago
The first step of the financial planning process is to:
yulyashka [42]

Answer:

Review Of Current Financial Situation

Explanation:

The first step in the financial planning process involves taking a detailed look into a person's current financial situation. This means examining a person's savings, income, debts and current living expenses.

7 0
3 years ago
Read 2 more answers
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