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Helen [10]
3 years ago
11

A firm has actual sales in November of $1,000 and projected sales in December and January of $3,000 and $4,000, respectively. Th

e firm makes 10 percent of its sales for cash, collects 40 percent of its sales one month following the sale, and collects the balance two months following the sale. The firm's total expected cash receipts in January:__________a) are $700b) are $2,100c) are $1,900d) cannot be determined with the information provided
Business
2 answers:
Citrus2011 [14]3 years ago
7 0

Answer:

b) are $2,100

Explanation:

Given that the firm makes 10 percent of its sales for cash, collects 40 percent of its sales one month following the sale, and collects the balance two months following the sale.

It means that the firm's total expected cash receipts in January will be made of 10 percent of its sales in January, 40 percent of its sales in December and and 50 percent of the sales in November.

Hence,

The firm's total expected cash receipts in January = (10% of $4,000) + (40% of $3,000) + (50% of $1,000)

= $400 + $1200 + $500

= $2,100

Valentin [98]3 years ago
5 0

Answer:

(B) $2,100

Explanation:

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​$4,000 million per year

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Calculation for what will be the cost of eliminating half of the pollution to​ society

Cost of eliminating = (200 per ton x 20 million tons)

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3 years ago
"A 65-year old retired teacher living on a pension has $200,000 invested in 2 year certificates of deposit that are yielding 4%.
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Explanation:

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5 0
3 years ago
_____________________ can lead to a situation where, even if sellers are faced with a situation of _______________, they will de
Karo-lina-s [1.5K]

Answer: Answers are:<u> Imperfect information; excess supply; higher quantity.</u>

<u />

Explanation: <u>Imperfect information</u> can lead to a situation where, even if sellers are faced with a situation of <u>excess supply</u>, they will decide not to cut prices for awhile because they know that buyers in this situation will not react by purchasing a <u>higher quantity.</u>

5 0
3 years ago
Canada and the U.S. both produce wheat and computer software. Canada is said to have the comparative advantage in producing whea
timurjin [86]

Answer:

The correct answer is <em>d. Canada requires fewer resources than the U.S. to produce a bushel of wheat.</em>

Explanation:

A country (in this case Canada) has a comparative advantage over another country (in this case the United States) to produce a certain product (in this case wheat) if the production costs of that product (wheat) are less than from the other country, regardless of the opportunity cost of producing that other product in that country.

The comparative advantage is based on the fact that the country has developed greater efficiency in the use of resources or that it has greater ease of access to them due to better conditions of nature, greater technological development in the field in question, human capital more specialized in that economic field, etc.

The opportunity cost of producing a product or another in the same country does not affect a deterioration or increase of the comparative advantage developed to produce such a product.

6 0
3 years ago
The tax rate of $.0984 in decimal can be expressed as how many mills? A. 9,840 B. 98.4 C. 90.84 D. 9.84
Andrej [43]
One mill is one thousandth of a currency unit, or 0.001$.

So 0.984 in mills means we have to divide 0.0984 by 0.001 (which means moving the period to the right here): so it would be 98.4 mills (answer B)

6 0
3 years ago
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