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
lesantik [10]
3 years ago
13

The following credit sales are budgeted by Terra Co.: January $204,000 February 300,000 March 420,000 April 360,000The company's

past experience indicates that 70% of the accounts receivable are collected in the month of sale, 20% in the month following the sale, and 8% in the second month following the sale. The anticipated cash inflow for the month of April isa) 336,000b) 360,000c) 352,800d) 370,320
Business
1 answer:
Lady_Fox [76]3 years ago
8 0

Answer:

The correct answer is B.

Explanation:

Giving the following information:

February= 300,000

March= 420,000

April= 360,000

The company's experience indicates that 70% of the accounts receivable are collected in the month of sale, 20% in the month following the sale, and 8% in the second month following the sale.

Cash collection:

From February= (300,000*0.08)= $24,000

From March= (420,000*0.2)= 84,000

From April= 360,000*0.7= 252,000

Total= $360,000

You might be interested in
You can learn about the financial strength of an insurance company by checking _____ rating system. group of answer choices
Genrish500 [490]

You can learn about the financial strength of an insurance company by checking<u> Standard & Poor's</u> rating system.

Monetary typically refers to cash matters or transactions of some length or importance: a financial wizard. fiscal is used particularly in reference to authorities' finances, or the ones of any enterprise: the top of the monetary yr. financial relates especially to cash as such: an economic device or standard.

Money is a part of finances, but finance consists of numerous different things as properly. money acts as a medium of alternate, shop of cost, a unit of account, and sometimes it is able to additionally act as a widespread for deferred bills. Finance: that is the observation of money and entails planning to apply it.

Economic motives mean that respondents did not observe for legal useful resources because they didn't assume they could be eligible beneath a means take a look at or had been refused felony aid due to the fact they failed a means test.

Learn more about  financial here brainly.com/question/2801397

#SPJ4

8 0
2 years ago
Debt ratios measure the proportion of total assets financed by a firm’s creditors. Sunny Co. has a debt-to-equity ratio of 4.00,
Varvara68 [4.7K]

Answer:

Carter Co. has greater financial risk as compared to Sunny Co. and to the average financial risk in the industry.

Explanation:

Since the industry average is 3.20

Provided Debt to Equity is

Sunny Co. 4.00

Carter Co. 6.00

Since debt to equity represents the financial risk associated with the product.

It is clear that both the companies are on a higher financial risk than that of the industry.

Further the company is still in a better position than that of the competitor, as the later has higher debt to equity ratio.

Therefore, the first statement concluding that the financial risk of Carter Co. is highest of all including the competitor and the industry average is True.

3 0
3 years ago
Explain the relationship between the operations management goals of ""efficiency"" and ""effectiveness.""
professor190 [17]

Answer:

→Being efficient implies the system is operating the 'right' way.

    The relationship between effectiveness and efficiency is that effectiveness is a measure of 'goodness' of output,

→while efficiency is a measure of the resources required to achieve the output.

Explanation:

3 0
2 years ago
In countries that have high minimum wages and require a lengthy and costly process to get permission to open a business.
butalik [34]

The long-run aggregate supply curve would shift to the right if countries with high minimum wages and lengthy and expensive procedures for obtaining business licenses were to lower both the minimum wage and these requirements.

<h3>In the long run, what happens to the aggregate supply?</h3>

Because it is vertical in nature, the traditional long-run aggregate supply does not shift with the price level. This is because, in the long run, businesses do not alter their output because resources adjust to the price change.

<h3>Why does the aggregate supply curve change over time?</h3>

Changes in the variables that have an effect on an economy's potential output are the only things that can cause the long-run aggregate supply curve to change. Changes in technology, capital, natural resources, and labor are all factors that alter the aggregate supply over the long term.

To learn more about long-run aggregate supply curve here

brainly.com/question/27064601

#SPJ1

7 0
1 year ago
Hampton Company reports the following information for its recent calendar year. Income Statement Data Selected Year-End Balance
Sergeeva-Olga [200]

Answer and Explanation:

As per the data given in the question,

The preparation of the operating activities section of the cash flow statement using the indirect method is shown below:

Cash flow from operating activities:

Net income $21,000

Add: Depreciation $4,000

Less: Accounts receivable expense -$9,000

Add: Inventory decrease $4,000

Add: Salaries payable increase $900

Net cash flow provided by operating activities $20,900

Net income is added because it provided before adjustment.

Depreciation is added because it is non cash expense.

Accounts receivable expense is deducted because it is trap in account receivable.

Inventory decrease is added because it depicts that the inventory is converted in cash.

Salaries payable increase is added because it shows cash is not paid which rise the level of cash.  

4 0
3 years ago
Other questions:
  • Stoneheart Group is expected to pay a dividend of $3.05 next year. The company's dividend growth rate is expected to be 4.5 perc
    13·1 answer
  • What is the overall process for developing information systems from planning and analysis through implementation and maintenance
    9·1 answer
  • Select the correct answer. Martha is a healer, a healthcare provider, and an experienced nurse. She wants to share her daily exp
    10·2 answers
  • Domniqued is a customer<br><br>​
    11·1 answer
  • Match the association type with the person that best fits the description: opportunistic association
    13·2 answers
  • A laptop computer that you want to purchase was originally priced at $1225. You will receive a 20% student discount, and the sal
    13·1 answer
  • The amount the nation's government owes is called the
    9·1 answer
  • Q 2.29: Val-Tek has current assets of $1,700,000 and current liabilities of $900,000. If they pay $100,000 owed to a creditor, w
    6·2 answers
  • Is prostitution legal?
    5·2 answers
  • The interest yields on U.S. Treasury securities in early 2009 fell to very low levels as a result of the combined events surroun
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!