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
chubhunter [2.5K]
2 years ago
8

Oakton Furniture provided the following information relevant to its sales for December Year 1 and the first quarter of Year 2: D

ec. Year 1 Jan. Year 2 Feb. Year 2 Mar. Year 2 (Actual) (Budgeted) (Budgeted) (Budgeted) Credit sales $ 59,000 $ 139,000 $ 154,000 $ 109,000 Cash sales $ 10,000 $ 24,000 $ 29,000 $ 11,000 Based on the company's collection history, 43% of credit sales are collected in month of sale and the remainder is collected in the following month. Cash collections in January from December credit sales would be:
Business
1 answer:
Sauron [17]2 years ago
7 0

Answer:

$33,630

Explanation:

Given that the company's collection history shows that 43% of credit sales are collected in month of sale and the remainder (57%) is collected in the following month then, in the month of January, Cash collections in January from December credit sales would be equivalent to 57% of December Credit sales. Using the actual figures,

Cash collections in January from December credit sales would be

= 57% * 59,000

= $33,630

You might be interested in
In preparing a company's statement of cash flows for the most recent year, the following information is available:
lesya [120]

Answer:

c. $139,000 of net cash used.

Explanation:

Investing Activities shows results from Purchase or Sales of Assets or Investments.

Cash flow from Investing Activities

Purchase of equipment                                  (150,000)

Proceeds from the sale of equipment            131,000

Purchase of land                                             (120,000)

Net Cash used by Investing Activities           (139,000)

Net cash flows from investing activities for the year were: ($139,000)

4 0
3 years ago
Why are the real income levels of Americans affected by rising prices?
Nat2105 [25]

"Real Wages" are wages that are adjusted for inflation and rising prices. As prices rise, people are able to buy less and less with their "nominal" (aka un-adjusted)  wages.

One example is gas for your car. If you make $1000 a month and gas goes up from $2.50 to $3, your un-adjusted wages stay the same (you still make $1000) but you can't buy as much of other things because your "real" wages have effectively gone down due to the price increase of gas.

4 0
3 years ago
The Goodsmith Charitable Foundation, which is tax-exempt, issued debt last year at 8 percent to help finance a new playground fa
NeTakaya

Answer:

10%

Explanation:

Given that,

Interest at last year debt = 8%

Current year cost of debt = 25% higher

Firms paid for debt last year = 10%

Firms paid for debt in current year = 12.50%

Kd - cost of debt

Yield = Interest at last year debt × (1 + increase in cost of debt)

         = 8% × (1 + 0.25)

         = 8% × 1.25

         = 10%

Kd = Yield (1 – T)

Kd = 10% (1 – 0)

     = 10% (1)

     = 10%

Therefore, after tax cost of debt would be 10%.

8 0
3 years ago
In the last few weeks, Steve has stopped chatting with his coworkers during work. He takes short lunch breaks, and he is complet
diamong [38]
This is a concentrated productive worker
3 0
2 years ago
The systematic process of selecting, supporting, and managing a firm's collection of projects is called: Profile management. Hea
IceJOKER [234]

Answer:

Project portfolio management

Explanation:

Project portfolio management refers to managing the portfolios of the project i,e used by the project managers and the management who manages the project.

This is useful to analyze the risk and return in each project

Moreover, it is a process of choosing, supporting and managing the collection of firm projects in a systematic way

Hence, the third option is correct

4 0
3 years ago
Other questions:
  • John is an employee at a car manufacturer. today he has come into work to find that production has stopped because the governmen
    15·1 answer
  • _____ studies the whole economy, such as investments made by all consumers and businesses.
    8·2 answers
  • How can you determine your net worth?
    15·1 answer
  • In a tiny village, on the coast of South America, early inhabitants used sea shells, as money. Some of these shells were very be
    11·1 answer
  • When a person declares bankruptcy that fact will appear on the person?s credit report ??
    12·1 answer
  • True or False: Risk is a work value that would fit a police officer.
    8·2 answers
  • The principle of diversification tells us that: Select one: a. concentrating an investment in two or three large stocks will eli
    11·1 answer
  • Name any three (3) tests that Hornbill Holdings can use to assess the graduates
    14·1 answer
  • The labor supply curve shifts when Group of answer choices employers need to hire more people. employers develop new technology.
    11·1 answer
  • Mergers and acquisitions commonly introduce __________ risk, which may change how an organization operates.
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!