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Dmitry [639]
3 years ago
9

ilbert's expects its September sales to be 20% higher than its August sales of $150,000. Manufacturing costs were $100,000 in Au

gust and are expected to be $120,000 in September. All sales are on credit and are collected as follows: 30% in the month of the sale and 70% in the following month. Payments of manufacturing costs are as follows: 25% in the month of production and 75% in the following month. The beginning cash balance on September 1 is $7,500. The ending balance on September 30 would be a.$75,000 b.$72,300 c.$61,500 d.$71,500
Business
1 answer:
nignag [31]3 years ago
8 0

Answer:

$61,500

Explanation:

The computation of ending balance on September 30 is shown below:-

Beginning cash balance = $7,500

Cash receipts from credit sales made in August = $150,000 × 70%

= $105,000

Cash receipts from credit sales made in September = $150,000 × 1.20 × 30%

= $54,000

Cash disbursements from purchases made in August = $100000 × 75%

= $75,000

Cash disbursements from purchases made in September ($120000 × 25%) = $30,000

Ending cash balance September 30 = $7,500 + $105,000  + $54,000  - $75,000 - $30,000

= $61,500

So, for computing the ending balance in September we simply add all cash receipts with beginning cash balance and deduct the cash disbursement.

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Explanation:

If the percentage increase in the quantity supplied equals the percentage increase in the price, the supply will be said to be unit elastic.

In the unit elastic supply, it should be noted that supply responds perfectly to the changes in price. This simply means that there'll be an equal change between the price change and the quantity that is supplied.

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3 years ago
Nora works as a media sales person for a sports gear manufacturing company. There is an upcoming sports event coming up and she
kotegsom [21]

Answer:

Identifying the target audience

Explanation:

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5 0
3 years ago
The basic laws of forecasting help to avoid misapplication or misrepresentation of forecast results.
Zigmanuir [339]

Answer:

Law 2

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8 0
4 years ago
A risk management assessment is a systematic and methodical evaluation of the security posture of the enterprise.
Korolek [52]

Answer: false

Explanation:

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3 0
4 years ago
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Answer:

The answer is D.

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To increase asset and expense, you debit while credit decreases it.

To increase, liabity, revenue(income), equity, you credit while debit decreases it.

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Remember that expense increase by debit and asset(Prepaid Insurance) decrease by credit.

So we have:

Debit insurance expense $200; Credit prepaid insurance $200

3 0
3 years ago
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