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Liula [17]
3 years ago
10

The sales of Carephase Company for the year are as given below: Quarter 1 $400,000 Quarter 2 $360,000 Quarter 3 $620,000 Quarter

4 $580,000 Fifty percent of the sales of the company are paid in cash. Of the sales on account, 60 percent are collected in the quarter of sale, the remaining 40 percent are collected in the quarter following the sale. Calculate the cash receipts for Quarter 4.
Business
1 answer:
Elza [17]3 years ago
6 0

Answer:

The correct answer is $588,000.

Explanation:

According to the scenario, the computation of the given data are as follows:

We can calculate the cash receipts for Quarter 4 by using following formula:

Cash receipts for Quarter 4 = Cash Sales + Cash collected from credit sales in Qtr 4 + Accounts receivable of Qtr 3

Where, Cash sales = $580,000 × 50% = $290,000

Cash collected from credit sales in Qtr 4 = ($580,000 × 50%) ×60% = $174,000

Accounts receivable of Qtr 3 = ($620,000 × 50%) × 40% = $124,000

By putting the value, we get

Cash receipts = $290,000+$174,000+$124,000

= $588,000

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current share price = $5.40

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Explanation:

given data

dividends paid = 15 years

pay = $6 per share

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solution

we know that Value after year 15 will be = ( D15 × Growth rate) ÷ (required return - growth rate)     ......................1

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Value after year 15 = \frac{6*(1+0.4)}{0.16 - 0.04}

Value after year 15 = $52

so here  current share price will be

current share price  = Future dividends × Present value of discounting factor

current share price = \frac{6}{(1+0.16)^{16}}+\frac{52}{(1+0.16)^{16}}

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so correct option is C. $5.40

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3 years ago
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Among the various kinds visual aids, tables are what?
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6 0
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Simon owns stock that has declined in value since acquired. He has decided either to give the stock to his nephew, Fred, or to s
Rudiy27

Answer:

It appears on the surface that Simon must give the stock to Fred and let Fred sell it, because Fred is in the higher tax bracket (i.e., 22% compared to Simons 12%). But for gift property, the basis of loss to the donee is the lower of (1) the adjusted basis of the donor, or (2) the amount of fair market value (FMV) on the date of the gift. Thus as Fred cannot take benefit of the loss, Simon must sell the stock, deduct the realized loss, and sales proceeds should be given to Fred.

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3 years ago
The partnership agreement for Wilson, Pickett & Nelson, a general partnership, provided that profits be shared between the p
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Answer:

$27,500

Explanation:

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