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]
4 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]4 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
During a meeting, Tammy, a branch manager for USA Bank, pointed to the corporate organization chart on the wall. Tammy remarked
Sophie [7]

Answer:

Line Managers; Staff Personnel

Explanation:

During a meeting, Tammy, a branch manager for USA Bank, pointed to the corporate organization chart on the wall. Tammy remarked that "These people provide advice, recommendations, and research for us, and they are indicated with a dotted line. Laura (our CEO) and the vice presidents of our organization are up here, indicated on the organization chart by a solid line vertical line." Line Managers are indicated on the organization chart by a solid line __, and Staff Personnel are indicated by a dotted line.

4 0
4 years ago
Hero Manufacturing has 5 million shares of common stock outstanding. The current share price is $84 and the book value per share
ludmilkaskok [199]

Answer:

The company's capital structure weights on a book value basis are:

a. 28.57% for equity, and

b. 71.43% for debt.

Explanation:

3 0
3 years ago
Question #2: Why should we simplify expressions in algebra Using race
rusak2 [61]

Answer:

Why should we simplify expressions in algebra Using race?

Learning how to simplify an expression is the most important step in understanding and mastering algebra. Simplification of expressions is a handy mathematics skill because it allows us to change complex or awkward expressions into simpler and compact forms.

xXxAnimexXx

Have a great day!

4 0
3 years ago
Read 2 more answers
Diversification is most effective when security returns are _________. a. high b. negatively correlated c. positively correlated
Y_Kistochka [10]

Answer: Option B  

                       

Explanation: In simple words, diversification refers to the process of allocating capital in different investments to reduce the overall risk of the investment portfolio.

Therefore, analyst tries to make portfolio in such a way that securities will be negatively correlated. If two securities are negatively correlated then the decrease of one will lead to proportionate increase of others.

This ensures that the investors money will not be depreciated but at the same time the potential for abnormal returns also decreases.

3 0
4 years ago
Effective teamwork and high productivity are good indications of positive....
Aleks [24]
Effective teamwork and high productivity are good indications of positive Productivity goals. 


6 0
4 years ago
Other questions:
  • A company uses the percent of sales method to determine its bad debts expense. At the end of the current year, the company's una
    11·1 answer
  • Which one of the following results from the latest decision round is MOST important in providing guidance to company managers in
    15·1 answer
  • Universal Travel Inc. borrowed $500,000 on November 1, 2018, and signed a 12-month note bearing interest at 6%. Interest is paya
    6·1 answer
  • Marshall's & Co. purchased a corner lot in Eglon City five years ago at a cost of $640,000. The lot was recently appraised a
    15·1 answer
  • The Regal Cycle Company manufactures three types of bicycles—a dirt bike, a mountain bike, and a racing bike. Data on sales an
    9·1 answer
  • Companies can use _____ analysis to predict income based on various changes in fixed or variable costs, selling price and volume
    11·1 answer
  • On June 30, 2020, Lynch Co. declared and issued a 15 percent stock dividend. Prior to this dividend, Lynch had 50,000 shares of
    11·1 answer
  • An economist for the Brookings Institution argues that​ "a price on carbon would minimize the cost of steering economic activity
    13·1 answer
  • Which type of savings account offers the best interest rates?
    8·1 answer
  • A land grant university has upgraded its Course Management System (CMS), integrating the system throughout all of its main campu
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!