Answer: $174000
Explanation:
The firm's budgeted collections for August and the company's budgeted receivables balance on August 31 would be calculated as:
= (30% × $220,000) + (60% × $160,000) + (10% × $120,000)
= (0.3 × $220,000) + (0.6 × $160,000) + (0.1 × $120,000)
= $66000 + $96000 + $12000
= $174000
Answer:
. $45
Explanation:
Let X be the amount of equal charges per customer.
Therefore,
X-12+X-25+X-40+X=100.
4X-77=100
4X=177
X=44.25
Approximately $45
Answer:
$149,600
Explanation:
Variable cost per unit = 36+57+3+5 =
Variable cost per unit = $101
Contribution margin per unit = 145 - 101
Contribution margin per unit = $44 per unit
Total contribution margin = 3,400 * $44
Total contribution margin = $149,600
Answer:
(B) False
Explanation:
The Vacation Benefits payable account represents a liability that the employer has with the employee that has already earned its days of paid vacations but has not used them yet. When the employee is going to enjoy paid vacations days, this account (as all liability accounts) is decreased through a debit, and the bank's account is credited.
