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
artcher [175]
3 years ago
15

Gardner Company expects sales for October of $249,000. Experience suggests that 45% of sales are for cash and 55% are on credit.

The company collects 50% of its credit sales in the month of sale and 50% in the month following sale. Budgeted Accounts Receivable on September 30 is $67,500. What is the amount of Accounted Receivables on the October 31 budgeted balance sheet
Business
1 answer:
yarga [219]3 years ago
6 0

Answer:

$68,475

Explanation:

Data provided

Sales in October = $249,000

Credit percentage = 55%

Following month percentage = 50%

The calculation of accounts receivable is shown below:-

Credit sales in October = $249,000 × 55%

= $136,950

Collection collected in October

= $136,950 × 50%

= $68,475

Therefore, for computing the collection collected in October we simply multiply the credit sales in October with following month percentage.

You might be interested in
4. Tim moves to a different state and buys a house in his new city. His new house is bigger than the apartment he lived in befor
Rufina [12.5K]

Answer:

Property tax is progressive

Sales Tax is regressive

A progressive tax is one that takes a higher proportion of revenue from high-income people than it does from low-income people. A regressive tax is one that takes a higher percentage of low-income people's income than it does from high-income people.

Explanation:

3 0
3 years ago
Which is NOT an indicator of a country's economic health? A. GDP B. standard of living
EleoNora [17]
D inflation duhhh because ik my social studies♥️
7 0
3 years ago
Read 2 more answers
Mortgage loan originator Carol is in a hurry to leave on her vacation, and she leaves a customer's file that contains his Social
WARRIOR [948]

Answer: Fair and Accurate Credit Transaction Act

Explanation:

From the question, we are informed that Mortgage loan originator Carol is in a hurry to leave on her vacation, and she leaves a customer's file that contains his Social Security number and bank account numbers on her desk.

Carol is violating the Fair and Accurate Credit Transaction Act. The Act was put in place to detect and also hinder Identity theft.

7 0
3 years ago
What is the percentage decrease in revenue
Romashka-Z-Leto [24]

Answer:

c) 82.33 is the percentage decrease in revenue from tourist to Florida

6 0
2 years ago
Given the following data: Treasury Bill Maturity DTM Bid Asked Mar 90 1.20 1.15 If you invest $10,000 today at the risk-free ra
Oksi-84 [34.3K]

Answer: $10029

Explanation:

Based on the information given in the question, if $10000 is invested today at the risk-free rate, the amount that'll be received in 90 days will be calculated thus:

= Investment × (1 + Asked) × (DTM/360)

= 10000 + (1 + 0.0115) × (90/360)

= 10000 + 1.011 × 0.25

= 10029

Therefore, the answer is $10029

7 0
3 years ago
Other questions:
  • As a result of a divorce settled in 2017, a taxpayer received the following during the current year: Child support $12,000 Alimo
    5·1 answer
  • You are the brand manager for a new line of ready-to-drink coffee line from Pepsi cola. Which opinion leaders or reference group
    7·1 answer
  • TJ's has a market value equal to its book value. Currently, the firm has excess cash of $218,500, other assets of $897,309, and
    5·1 answer
  • What is a general advantage of setting promotion budgets to whatever level companies believe they can afford? Does not acknowled
    10·1 answer
  • Johanna agrees to purchase Jessie’s land so that she can build a golf course. They write a contract, and Johanna transfers the d
    15·1 answer
  • Which of the following is used to manage employee performance and to align all employees with the key objectives a firm needs to
    12·1 answer
  • I have a brainlest for anybody if the can tell me who won the wwe champoinship in 1996
    12·1 answer
  • Historical development of logistics
    12·1 answer
  • The trading securities portfolio of Jerome, Inc., had a total cost of $3,000 and
    15·1 answer
  • what is the producer surplus if there is a $5 per unit transaction cost? (do not include the dollar sign $ in your answer)
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!