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
alexandr1967 [171]
3 years ago
9

Forty percent of a firm’s sales are collected during the first month after the sale; 35% are collected during the second month f

ollowing the sale; 20% are collected during the third month following the sale; 5% are collected during the fourth month. What cash is collected in July from May’s sales, which totaled $75,000?
$15,000
$3,750
$30,000
$26,250
Business
1 answer:
bekas [8.4K]3 years ago
7 0

Answer:

$26,250

Explanation:

If may sales were $75,000

July collection for may sales will be?

May..... sales month

June... first month after sales

July ... second month fater sales..of which 35 % is collected

July's collection will be 35/100 x 75,000

=0.35 x$75,000

=$26,250

You might be interested in
What is the first step involved in developing and implementing a social media marketing campaign?
const2013 [10]

Answer:

The first and foremost step is the determine the budget and also to identify the goals and the strategy.

Explanation:

In order to develop and implement or execute the social media marketing campaign or plan one need to follow the following six essential or vital steps:

Step 1: Decide or Determine the Objective and Budget

Step 2: Identify or recognize the Target Audience

Step 3: Create the Message

Step 4: Develop or spread the Media Strategy

Step 5: Implement or execute the Marketing Campaign

Step 6: Last step is to measure and analyze the Results or outcomes

Therefore, the first step is to decide the goals and the budget.

4 0
3 years ago
The following data for Romero Products Inc. are available:
Mkey [24]

Answer:

Sales quantity factor = - $600,000

Unit price factor = $760,000

Explanation:

sales quantity factor is the effect of change in number of units sold with respect to the budgeted price or planned price.

Unit price factor is the change in price per unit with respect to the actual number of units sold.

Unit price factor $(220-200)×38,000 = $760,000

Sales quantity factor (38,000 - 41,000) × $200 = -$600,000

Kindly see attached picture

3 0
3 years ago
Help plz! Will mark brainliest!!!
dimaraw [331]

Answer:

Record all transactions in a check register.

Explanation:

It's easier to track how money is spent if there is a paper trail.

5 0
3 years ago
Assume that three identical units of merchandise were purchased during October, as follows: Units Cost October 5 Purchase 1 $5 1
den301095 [7]

Answer:

Cost of merchandise sold = $ 28

Gross profit = $ 13

The ending inventory under the LIFO method = $ 18

Explanation:

Given:

October 5,

Purchased units =  1

Unit cost = $5

on October  12,

Purchased units = 1

Unit cost = $ 13

On October 28,

Purchased unit = 1

Unit cost = $ 15

Total cost of the 3 units purchased = $33

Now, the unit sold on October 31 will be the unit purchased in the end i.e on October 28

thus,

Cost of merchandise sold = $ 28

Gross profit = Selling price of the unit - Unit price of purchase

or

Gross profit = $ 28 - $ 15 = $ 13

now, the ending inventory under the LIFO method = $ 5 + $ 13 = $ 18

4 0
3 years ago
Read 2 more answers
A local clinic (institution) in need of more Purell antibacterial soap might purchase from Target, which is a ______ of soap, wh
oksano4ka [1.4K]

Answer:

The target is a re-seller

McGraw-Hill is a manufacturer

Explanation:

Purchasing Purell antibacterial soap from a target is re-seller, meaning the target is neither the producer nor the distributor of products but haven given name of such company like McGraw-Hill, one will know that McGraw-Hill is major publisher of books and their books are well local high school around the world. This makes the local high school that might bought from McGraw-Hill buying from a manufacturer

7 0
3 years ago
Other questions:
  • Pitt Enterprises manufactures jeans. All materials are introduced at the beginning of the manufacturing process in the Cutting D
    11·1 answer
  • Patterson Lawn Co. wants to determine the cost of each lawn care maintenance job. The Company has two operating departments, one
    10·1 answer
  • A manufacturer of prototyping equipment wants to have $3,000,000 available 10 years from now so that a new product line can be i
    14·1 answer
  • You measure sales over time and realize that the months of July, August, and September are particularly slow. As a result, you a
    15·1 answer
  • At Nanclet, a market research firm, whenever a particular team needs to hire people, the human resource (HR) department conducts
    12·1 answer
  • A municipal dealer quotes a 2 year, 8% term revenue bond at 106. The yield to maturity is:________
    15·1 answer
  • g Suppose total output (real GDP) is $1,000 and labor productivity is $10. We can conclude that the number of worker hours must
    15·1 answer
  • MCDONALDS GIVE DIRECTIONS
    9·2 answers
  • bramble reported total asset s of and net income of for the current year. what is the corrected amount for toal assets and net i
    7·1 answer
  • A string of length 160cm is cut in to 2 pieces, in the ratio 3:5 <br>find the length of each piece​
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!