1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
kenny6666 [7]
4 years ago
6

Tangerine Company has the following sales budget for the last six months of 2019: July $120,000 August 100,000 September 110,000

October 75,000 November 125,000 December 80,000 Historically, the cash collection of sales has been as follows: 50% of sales collected in month of sale 25% of sales collected in month following sale 8% of sales collected in second month following sale 2% of sales uncollectible What are the expected cash collections of sales in October?
Business
1 answer:
AnnZ [28]4 years ago
8 0

Answer:

The expected cash collections of sales in October $91,00

Explanation:

It is assumed that the remaining Percentage of 15% (100%-50%-25%-8%-2%) is received Third month following sale.

Cash Schedule is attached with the answer in an MS Excel file, Please find it.

Download xlsx
You might be interested in
What was created to reform and to store confidence in the stock market by providing a means to monitor the market and to enforce
Vaselesa [24]

<u><em>Securities and Exchange Commission is the answer that you are looking for</em></u>

<em><u />Hope this helps :)</em>

7 0
3 years ago
Alana, the owner of a small dress-making establishment called Mantua Fab, decides to hire assistants for design, sewing, and oth
V125BC [204]

The strategy by the company is known as outsourcing.

<h3>What is outsourcing?</h3>

In Business, outsourcing means the company has hired or recruited another firm to perform a certain function required to complete the product. It may involve, manufacturing, HR services, marketing, embroidery, etc.

In the above scenario, a certain function required to complete the product is done by another company which is the process of outsourcing.

Learn more than outsourcing on:

brainly.com/question/4456416

#SPJ1

5 0
2 years ago
Onslow Co. purchases a used machine for $192,000 cash on January 2 and readies it for use the next day at a $10,000 cost. On Jan
Natalka [10]

please find the answer in the attached below

Download docx
8 0
3 years ago
Land and things permanently attached to the land, such as trees, buildings, and stationary mobile homes are _______.
DerKrebs [107]

Answer:

A. real property

Explanation:

These are known as real property. Like mentioned in the question, this is land  and all of the property attached to it, this includes any and all subsets of land that have been improved through any form of legal human actions. There are many things that are included in a piece of land that can be considered real property such as buildings, ponds, canals, roads, and machinery, among other things.

3 0
3 years ago
At the end of each of the next 5 years, you will deposit the following amount into your savings account: Year Cash Flow 1 $200 2
lora16 [44]

Answer: At the end of each of the next 5 years, you will deposit the following amount into your savings account: Year Cash Flow 1 $200 2 $300 3 $400 4 $200 5 $600 You expect interest rates to be higher in the future. Your best guess of what rates will be in the future is: Rate 1 year from now 10% Rate 2 years from now 11% Rate 3 years from now 12% Rate 4 years from now 13% If you forecast of interest rates is correct, how much money will you have 5 years from now

Explanation:

8 0
3 years ago
Other questions:
  • Mr. and mrs. chavez close on a 30 year home loan for $250,000. the monthly payment with no points is $1,580, but if they buy a p
    8·2 answers
  • Karyn is a second-year college student. the job market in her field has not been very good in recent years, and she is very conc
    10·1 answer
  • A U.S. technology company has decided to move some of its manufacturing processes to facilities in Japan, utilizing the nation's
    7·1 answer
  • A company may use several different cost drivers to allocate its indirect costs.
    14·1 answer
  • Marina Inc. sells and services sailboats. On April 1, Marina financed the purchase of its entire inventory with ACE Finance Comp
    7·1 answer
  • Why is it important to look at external sources of information when exploring product and service information?
    14·2 answers
  • Harmon recently quit his job that he had worked at for the past 10 years in
    11·1 answer
  • Current Position Analysis The following data were taken from the balance sheet of Nilo Company at the end of two recent fiscal y
    9·1 answer
  • While developing products for the LEGO DC Super Hero Girls line, the company should develop a marketing strategy based on which
    8·1 answer
  • Assuming that the direct materials used are $1520000, compute the total manufacturing costs using the following information. Raw
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!