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blsea [12.9K]
3 years ago
13

Manu has forecast sales to be $32,000 in February, $41,400 in March, $53,200 in April, and $58,600 in May. 64% of sales are on m

ade on credit, the rest are for cash. The sales on credit are collected 30% in the month of sale, and 70% the month.
What are budgeted cash receipts in May?
Business
1 answer:
bulgar [2K]3 years ago
5 0

Answer:

$185,947  

Explanation:

Download xlsx
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Your auto insurance policy has a 200 monthly premiumand a 700 deductible. what is the maximum you will have to pay out of pocket
Alexus [3.1K]
$700 at any given time, but that is presuming that you have paid your monthly premiums every month without fail until the accident occurs.
4 0
3 years ago
A study reported that a 10% increase in the price of cigarettes would reduce consumption by 4% in the short-run and by 7.5% in t
Alja [10]

Answer:

Price elasticity of demand shows how much a 1% change in the price of a good or services changes the quantity demanded.

In the short run, a 10% increase in price decreases quantity demanded by 4%

PED short run = % change in price / % change in quantity = 4% / 10% = 0.4

PED long run = % change in price / % change in quantity = 7.5% / 10% = 0.75

Both PEDs are inelastic since they are less than 1, which means that an increase in price will result in a proportionally smaller decrease in the quantity demanded. But the PED in the long run is less inelastic, which means that an increase in price will decrease the quantity demanded more in the long than in the short run.

This happens because smokes consider that cigarettes are a basic necessity, so they are willing to purchase them even if the price increases. But as time passes (long run), more smokers will consider that it is not worth paying that much for cigarettes and will probably quit smoking or at least reduce the number of cigarettes they smoke per day.

8 0
3 years ago
A client diagnosed with cancer has met with the oncologist and is now weighing whether to undergo chemotherapy or radiation for
Scorpion4ik [409]

Answer:

Autonomy

Explanation:

Autonomy allows the individuals to make independent decisions. In the case given in the question, the oncologist believes that the patient has the right to have their own opinions, values, and beliefs. This is why the doctor has left it on the patient to decide whether they want to go for chemotherapy or radiation to get rid of the disease. Autonomy gives the patient the right to accept or reject any treatment for themselves.

6 0
3 years ago
Cullumber Inc., a real estate developing company, was accounting for its long-term contracts using the completed contract method
slavikrds [6]

Answer:

$217,800

Explanation:

1.)Income as per new method (695,000 + 331,000) $1,025,000

Less Actual reported income until 2021 (395,000 + 267,000 ) $662,000

Balance $363,000

Hence:

40%*$363,000

=$145,200

$363,000 -145,200

=$217,800

Therefore amount will be debited to Construction in Process account, to record the change at beginning of 2021 will be $217,800

7 0
3 years ago
Does one brand have a more consistent number of chips per​ cookie? A. No. Both brands have roughly the same number of chips per
erastovalidia [21]

Yes, the store brand has more consistent number of chips per cookies

Explanation:

The store brands are the brands that put the owner names on the product and they will sell all their products in a private label and the label will be the own name or the brand name in which the store is given

These products are sold under a single market identity and this is a constant industry in which some of the brands are able to maintain their position themselves and they emerge as premium brands

3 0
3 years ago
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