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nordsb [41]
3 years ago
9

Hernandez Company expects credit sales for January to be $100,000. Cash sales are expected to be $60,000. The company expects cr

edit and cash sales to increase 10% for the month of February. Credit sales are collected in the month following the month in which sales are made. Based on this information the amount of cash collections in February would be:
Business
1 answer:
madreJ [45]3 years ago
5 0

Answer:

The correct answer is $166,000.

Explanation:

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

Credit sales for Jan. = $100,000

Cash sales for Jan. = $60,000

cash sales to increase in Feb = 10%

So, we can calculate the cash collection in Feb by using following method:

Cash collection in Feb = Cash Sales for Feb + Credit sales for Jan.

= ( $60,000 × 110%) + $100,000

= $66,000 + $100,000

= $166,000

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Explanation:

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Suppose that an economy consists of only two individuals. Trevor has $1070 available to spend on goods. He decides to purchase $
castortr0y [4]

Answer:

<em>The question option are:</em>

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<em>2. For the current quarter, what is the economy's expenditure? </em>

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3. In an economy, income and expenditure are related and they are equal. Each transaction has two side. One is the Income, the other is Expenditure. The income is converted to expenditure.

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3 years ago
If a hotel wishes to determine where to spend resources on renovations - on interior decor or on curb appeal or on recreational
creativ13 [48]

Answer:

The correct answer is True.

Explanation:

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NOTE: If you need to extend the explanation given, you can make a comment or add a new question. I will be very pleased to help you.

4 0
3 years ago
Which of the following, identified in an analysis of the general environment, is an opportunity for an entrepreneur who wishes t
kvasek [131]

Answer:

a. The average age of the population in his community is high.

Explanation:

As the average age of the population in his community is high, it is an opportunity for an entrepreneur who wishes to open a business providing "Fitness for Life" physical conditioning services (strength, balance, and flexibility training) in a city of 100,000 people because people will be more interested in the physical conditioning services and they will be attracted towards it as when the age rises, people become more interested in the health related activities, therefore, chances are very high that this will pose a serious and profitable opportunity for the entrepreneur in that particular city. He or she can definitely capture this opportunity very handsomely and profitably.

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3 years ago
David is a police officer with the New York Police Department (NYPD).NYPD asks David to retire when he turns 65.It also informs
romanna [79]

Answer:

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Regardless of whether it is a Normal or Early retirement, the officer must disengage at the age of 62.

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  • the Rules of New York City Police Pension Fund (NYCPPF)

Cheers!

3 0
3 years ago
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