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
german
3 years ago
6

Noterman Company has credit sales of $600,000 in January. Past experience suggests that 40% is collected in the month of sale, 5

0% in the month following the sale, and 10% in the second month following the sale. Compute the cash collections from January sales in January, February, and March.
Business
1 answer:
Rasek [7]3 years ago
7 0

Answer:

Cash collected in January = $240000

Cash collected in February = $30000

Cash collected in march = $10000

Explanation:

We have given that Noteman company has credit sales of January = $60000

It is given that 40% is collected in the month of sale

So cash collected in January =\frac{600000\times 40}{100}=$240000

Cash collected in February =\frac{600000\times 50}{100}=$30000

Cash collected in march = =\frac{600000\times 10}{100}=$10000

 

You might be interested in
The general investment strategy based on a goal of acquiring existing, seasoned, relatively low-risk properties that are at leas
marusya05 [52]

The general investment strategy based on a goal of acquiring existing, seasoned, relatively low-risk properties that are at least 80 percent leased to tenants with low credit risk, is Core strategy.

<h3 /><h3>What is a Core strategy?</h3>

The organization's strategy, goals, objectives, strategic initiatives, and execution are all connected through Core Strategy, an agile strategic management solution.

Visioning, goal-setting, resource allotment, and prioritization are the four most commonly acknowledged fundamentals of business strategy.

It communicates to your team if your focus has been on performance or results and makes it clear to potential consumers what market segment you service and what distinguishes your company strategy from the competition.

Investigate various products or services, look into demographics, and investigate your rivals.

Setting goals, assessing the external and internal environments of the firm, reviewing strategies, and ensuring that management implements the strategies across the organization are all part of strategic management.

Learn more about Core strategy, here

brainly.com/question/29360770

#SPJ1

3 0
1 year ago
When a firm grants licenses internationally, it is giving foreign companies access to its:?
scoundrel [369]
<span>When a firm grants licenses internationally, it is giving foreign companies access to its trademarks, </span>technology and patents. Having your licenses and business become international is a huge gain for most businesses. When items go international, they have a larger market they can sell their products too, but there are also some risk to it as well. Allowing the foreign countries and companies to see how your products work inside and out benefit them while bringing in more profit to the international licensee. 
4 0
3 years ago
Which of the following individuals and groups are considered intermediaries in the healthcare industry?
Marina CMI [18]

Answer:

C. health maintenance organizations

Explanation:

Healthcare intermediaries organizations that form links between small-scale providers to interact with governments, patients and vendors. These organizations can perform key health systems functions which are typically more challenging for individual private providers to do on their own.  An individual pays the health maintenance organisation in advance for medical  care that he may require in the future and the organisation provides  medical care to the individual when the need arises. These organisations are able to provide this care by paying doctors affiliated to them, and  other healthcare providers who deliver care to the patients

6 0
3 years ago
Suppose an economist tests the theory that when the price of leather increases, fewer pairs of shoes are produced. He observes m
Anastasy [175]

"Suppose an economist test the theory that when the price of leather increases, fewer pairs of shoes ..."His observations invalidate the testability of his hypothesis since they go against the ceteris paribus premise. This is further explained below.

<h3>What is an economist?</h3>

Generally, an economist is simply defined as a professional in economics.

In conclusion, To illustrate, "let's say an economist investigates the hypothesis that higher leather costs lead to fewer shoe purchases." Since his findings contradict the ceteris paribus premise, his hypothesis cannot be tested.

Read more about economist

brainly.com/question/14299791

#SPJ1

3 0
1 year ago
2. What are two measures of inflation?
ddd [48]

Answer:

CPI and WPI

Explanation: Consumer Price Index measures the percentage change in the price of a basket of goods and services consumed by households. Wholesale Price Index is the price of representative of basket of wholesale goods.

8 0
3 years ago
Other questions:
  • Charice wants to send an email to her manager. She has some concerns about the work a coworker is doing. Charice has noticed tha
    8·2 answers
  • Starbucks ceo howard schultz has made sure his employees have health insurance and work in a positive environment. he could best
    8·1 answer
  • Dj, inc., has net working capital of $2,170, current liabilities of $4,590, and inventory of $3,860.
    13·2 answers
  • Calculate the present values for the perpetuity: (1) Annual amount $20000, discount rate 8% (2) Annual amount $10000, discount r
    6·1 answer
  • Many restaurants offer daily specials, appetizers, entrees, and desserts not listed on their standard menu. These daily specials
    9·1 answer
  • What are the objectives of business​
    8·1 answer
  • SalientVision Inc., a construction company, receives more than $2,000 in federal money. The company pays its employees at rates
    10·2 answers
  • Which of the following most accurately explains why even if you won $1 million in a lottery, you still would not escape the scar
    10·1 answer
  • The FASAB’s Statement of Accounting and Reporting Concepts Statement No. 1 identifies four objectives of federal financial repor
    7·1 answer
  • Cutter Enterprises purchased equipment for $72,000 on January 1, 2018. The equipment is expected to have a five-year life and a
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!