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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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A company's flexible budget for 24,000 units of production showed total contribution margin of $93,600 and fixed costs, $31,200.
Levart [38]

Answer:

a. $81,900.

Explanation:

The contribution margin per unit is obtained by dividing the total contribution margin by the 24,000 units produced.

CM = \frac{\$93,600}{24,000} = \$3.9\ per\ unit

The expected operating income is given by the contribution margin minus the fixed costs. For 29,000 units sold, the operating income is:

I = \$3.9*29,000 - \$31,200\\I=\$81,900

The answer is a. $81,900.

4 0
3 years ago
How often should you typically monitor your checking account?
Rasek [7]
Every month or so but I typically check every two weeks.
4 0
3 years ago
Define ethics, and describe the role that it plays in discretionary decision making. Give an example.
Lerok [7]

Explanation:

Ethics can be defined as the study of the behaviors that guide human behavior, that is, society is developed through a set of moral behaviors that define its values ​​and its conception of which human behaviors and attitudes are positive or negative. Ethics then emerges as the standardization of these behaviors and moral values, it is a code of conduct for positive actions by man in society in all areas of life.

In discretionary decisions, in which there is a possibility of interpretation by the legislators, ethics appears as a normative instrument for the conduct of decisions, being a guide for the legislator to decide for what will have greater ethical value and benefits for society.

6 0
3 years ago
What is strategic procurement ​
Elodia [21]

Hi There :D

Basically it's advanced planning, scheduling, and group buying initiatives, a firm can experience significant cost savings

6 0
3 years ago
You have an investment that will pay you 1.18 percent per month. a. How much will you have per dollar invested in one year? (Do
fiasKO [112]

Answer:

The correct answer for option (a) is $1.15 and for option (b) is $1.33.

Explanation:

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

Present value (PV) = $1

Rate of interest (R) = 1.18% per month

Time period (for option a) (t1)= 12 months

Time period ( for option b) (t2)= 24 months

So, we can calculate the future value by using following formula:

FV = PV × ( 1 + R )^t

(a). By putting value in the formula:

FV = $1 ( 1 + 0.0118)^12

= $1 × 1.1511610877

= $1.15

FV = PV × ( 1 + R )^t

(b). By putting value in the formula:

FV = $1 ( 1 + 0.0118)^24

= $1 × 1.32517184983

= $1.33

6 0
4 years ago
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