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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

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during the 1980's, the price of one share of Johnson and Johnson stock rose from $17 1/4 to $56 1/8. how much money would you ha
Andre45 [30]

Given:

Price of one share in 1980 = $17\dfrac14

Price of one share in 1989 = $56\dfrac18.

To find:

How much money would you have made if you bought 100 shares of Johnson & Johnson stock in 1980 and sold it in 1989?

Explanation:

Using the given information,

Change in the value of each share = 56\dfrac18-17\dfrac14

                                                          = \dfrac{448+1}{8}-\dfrac\dfrac{68+1}{4}

                                                          = \dfrac{449}{8}-\dfrac\dfrac{69}{4}

                                                          = \dfrac{449-138}{8}

                                                          = \dfrac{311}{8}

Value of one share increased by $\dfrac{311}{8}.

Value of 100 shares increased by = 100\times \dfrac{311}{8}

                                                        = \dfrac{31100}{8}

                                                        = \dfrac{7775}{2}

                                                        = 3887.5

Therefore, you would have made $3887.5 if you bought 100 shares of Johnson & Johnson stock in 1980 and sold it in 1989.

4 0
3 years ago
Which situation best illustrates the effects of inflation?
NNADVOKAT [17]

Answer:

B. A type of shirt that sold for $10 in 2000 costs $15 in 2020  

Explanation:

Inflation is a measure of the rate of rising prices of goods and services in an economy.

3 0
3 years ago
Given direct material cost of $10, direct labor cost of $15, direct-labor based overhead of $12 and Activity-Based Costing overh
Serga [27]

Answer:

<em>Total cost of product using the Activity-Based costing</em>

Particulars                                Amount

Material cost                                $10

Labor cost                                    $15

Overheads cost under ABC        <u>$16</u>

Total cost of product                   <u>$41</u>

5 0
3 years ago
The jackson family is undecided about whether or nara buy a new car of the
ICE Princess25 [194]

The question is incomplete. The complete question is :

The Jackson family is undecided about whether or not to buy a new car. If the probability is .9 that they will buy one, and if the probability is .3 that they will buy a Ford, and if the probability is .4 that they will purchase a car getting more than 20 miles per gallon, what is the probability that they will buy either a car getting more than 20 miles per gallon or a Ford, if all Fords get more than 20 miles per gallon?

Solution :

Given that :

The probability of buying a new car,  P(NC) = 0.9

Probability of buying Ford = 0.3

That is, if Jackson family buy a car that is a ford car, $P(F) = 0.9 \times 0.3$

                                                                                                = 0.27

The probability for getting more than 20 miles per gallon = 0.4

That is if Jackson family buy a car that have more than 20 miles per gallon mileage, $P(20) = 0. 9 \times0.4=0.36$

The conditions

All of the car have more than 20 miles per gallon mileage.

It means that buying a ford car is subset of getting more than 20 miles per gallon.

$P(20 \text{ miles per gallon}\ \cap \ \text{Ford})=P(F)$

Therefore, the probability of buying a car either getting more than 20 miles per gallon or ford = $P(20 \text{ miles per gallon}\ \cup \ \text{Ford})$

Therefore,

$P(20 \text{ miles per gallon}\ \cup \ \text{Ford})=P(20) + P(F) - P(20 \text{ miles per gallon }\cap \ \text{Ford})$

$P(20 \text{ miles per gallon}\ \cup \ \text{Ford})=P(20) + P(F) - P(F)$

$P(20 \text{ miles per gallon}\ \cup \ \text{Ford})=P(20) $

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Thus the probability that Jackson family is buying a car either getting more than 20 miles per gallon or ford is 0.36

3 0
3 years ago
Zara, an intern, is creating a wiki for the veterinary clinic where she works. Which two choices best describe the purposes of t
lana66690 [7]

Answer:

Options B and E.

Explanation:

In order to answer the question, we must first define what a wiki is.

A wiki refers to a website which is collectively created by multiple users. It is a collaborative content management system (CMS) for collecting and organizing media that is created and revised by its users. A popular example is Wikipedia.

From the definition, we can conclude that in the scenario given above, the wiki that Zara is creating will be used by the experts in the veterinary clinic. They will be able to use the wiki website, update contents, and organize media.

Therefore, the two best options would be:

B. To educate veterinarians about the latest surgical techniques. This is because the experts would update the procedures on the wiki website.

E. To allow clinic veterinarians to collaborate on reports.

3 0
3 years ago
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