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expeople1 [14]
2 years ago
9

Pasadena Candle Inc. pays 40% of its purchases on account in the month of the purchase and 60% in the month following the purcha

se. Purchases are budgeted to be $40,000 for August and $36,000 for September. Prepare a simple cash budget for Pasadena Candle Inc. Pasadena Candle Inc. Schedule of Cash Payments for Purchases For the Mont Ending September Payments for August purchases Payments for September purchases?
Business
1 answer:
garri49 [273]2 years ago
5 0

Answer:

Explanation:

Cash budget for Pasadena Candle Inc.

Month                Purchased          Paid    

August               $40,000             $16,000

September        $36,000             $38,400

Calculations:

Month ending payment in September = 60 % x August purchases + 40 % x September purchases  = 0.60 x $ 40,000 + 0.40 x $ 36,000

 = $ 24,000 + $ 14,400 = $ 38,400

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Answer: b) peoples' responses to financial incentives.

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Explain the hipp of the primary sources below source: letter written by john rolfe
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The correct answer to this open question is the following.

Explain the HIPP of the primary sources below source: "letter written by John Rolfe."

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"I" stands for the Intended audience. The Governor of Jamestown, Virginia colony, Thomas Dale. The intention of John Rolfe was to clearly explain his motives, trying to maintain his intact reputation before the people of Jamestown.

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Consider this problem: Fast Auto Service provides oil and lube service for cars. It is known that the mean time taken for oil an
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Let Y be the random variable which follows the normal distribution.

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Y ~ N(u = 15, SD = 2.4

Where, u = mean and SD = Standard Deviation

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So,

P (Y > M) = 0.05   equation 1

Convert this equation 1 into standard normal variable, that is,

P(Y> M) = 0.05

1 -  P(Y \leq M) = 0.05

P(Y \leq M) = 1 - 0.05

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From the equation 2, we have,

\frac{M-15}{2.4} = 1.644853627  

1.644853627 value is from using the function of Excel

( =NORSINV(0.95)) = 1.644853627

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