Answer:
$7,250,500
Explanation:
Given that 40% of the sales are for cash. 70% of the credit customers pay within the quarter. The remainder is received in the quarter following sale, it means that cash collection for third quarter per budget will comprise;
- 40% sales for the 3rd quarter
- 70% of 60% sales in the 3rd quarter and
- 30% of 60% sales in the 2nd quarter
Furthermore, if estimated sales for first quarter is 270000 units and sales will increase by 11000 units each quarter over the year then,
2nd quarter sales
= 270,000 + 11,000
= 281,000 units
3rd quarter sales
= 281,000 + 11,000
= 292,000 units
and Each unit sells for $25
Hence , Cash collections for the third quarter are budgeted
= $25 * 40% * 292,000 + $25 * 70% * 60% * 292,000 + $25 * 30% * 60% * 281000
= $2,920,000 + $3,066,000 + $1,264,500
= $7,250,500
Answer:
3,600 kilograms
Explanation:
Break even = Total fixed cost / Contribution margin per kg.
Total fixed cost = Plant depreciation + Other plant costs + Corporate salaries + Advertising
= €8,000 + €15,000 + €10,000 + €3,000
= €36,000
Sales commission = Selling price * 5%
= €20 * 5%
= €1 per kg
Variable cost per kg = Direct materials + Direct labor + Variable factory overhead + Sales commission
= €4 + €2 + €3 + €1
= €10 per kg
Contribution margin per kg = Selling price - Variable cost per kg
= €20 - €10
= €10 per kg
Break even = Total fixed cost / Contribution margin per kg.
= €36,000 / €10
= 3,600 kilograms
The answer is E
Because uu have to take a risk of what uu are doing abs uu have to help explain yourself
Answer:
2.45
Explanation:
Given that,
Stockholders equity book value = $750,500
Earnings per share = $3.00
Price-earnings ratio = 12.25
Common stock outstanding = 50,000 shares
Market price per share:
= Earnings per share × Price-earnings ratio
= $3.00 × 12.25
= $36.75
Equity book value per share:
= Stockholders equity ÷ Common stock outstanding
= $750,500 ÷ 50,000
= $15.01
Price-book ratio:
= Market price per share ÷ Equity book value per share
= $36.75 ÷ $15.01
= 2.45
She can go to the back the bank the day after an make the payment