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irga5000 [103]
3 years ago
15

Office World Inc. has "cash and carry" customers and credit customers. Office World estimates that 25% of monthly sales are to c

ash customers, while the remaining sales are to credit customers. Of the credit customers, 25% pay their accounts in the month of sale, while the remaining 75% pay their accounts in the month following the month of sale. Projected sales for the next three months are as follows:
October $700,000
November $65,000
December $500,000

The Accounts Receivable balance on September 30 was $290,000.

Required:
Prepare a schedule of cash collections from sales for October, November, and December.
Business
1 answer:
Arlecino [84]3 years ago
4 0

Answer:

                                    Office World Inc.

                                     Cash budget

                                       Amount in $

October                            469,375 .00  

November                        422,187.50

December                        255,312.5 0

Explanation:

The schedule of cash collections for each month will be as spelt out below; 25% of monthly sales, 25% * 75% of the monthly sales and 75% * 75% of the sales in the prior month.

Hence, Cash collection for

October

= 25% * $700,000 + 25% * 75% * $700,000 + 75% * 75% * $290,000

= $469,375

November

= 25% * $65,000 + 25% * 75% * $65,000 + 75% * 75% * $700,000

= $422,187.50

December

= 25% * $500,000 + 25% * 75% * $500,000 + 75% * 75% * $65,000

= $255,312.5 0

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MrRissso [65]

Answer:

13.70%

Explanation:

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Given that:

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the risk of Stock A as measured by its variance is 3 times that of Stock B.

If the two stocks are combined equally in a portfolio;

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The weight of both stocks will be 50% : 50 %

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Expected return for stock A  = 50% × 17.8%

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Expected return for stock B = 50 % × 9.6 %

Expected return for stock B = 0.50 × 9.6%

Expected return for stock B = 4.8%

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Expected return of the portfolio = 8.9 %  + 4.8%

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3 0
3 years ago
When retained earnings are not enough to meet their long-term funding needs, businesses may be able to raise funds by?
sergij07 [2.7K]

When retained earnings are not enough to meet their long-term funding needs, businesses may be able to raise funds by <u>selling common stock</u>. Long-term funding can be defined as any financial tool with maturity going beyond one year (such as bank loans, bonds, leasing and other forms of debt finance), and public and private equity instruments.

<h3>What is a retained earnings?</h3>

Retained earnings are the total of profit an establishment has left over after paying all its direct costs, indirect costs, income taxes and its dividends to shareholders.

Therefore, the correct answer is as given above

learn more about retained earnings: brainly.com/question/25631040

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8 0
2 years ago
Explain. Brainliest.
Rus_ich [418]
Alright, well look like this:

Public goods are goods that are open to anyone. They can’t turn down customers, and they can’t turn down even people who don’t pay.

Excludable goods means the people CAN turn away those who don’t pay. So, this is wrong.

Goods for a profit means that no matter what, they make money. Meaning those who can’t pay can still be turned away.

Privately owned goods can be turned away to and from anyone. This is also wrong.

Nonexcludable goods means that ANYONE can use this good or service, they aren’t for profit, they are non-rivalrous, etc. This is your answer.

<span>~Hope this helps!</span>

7 0
3 years ago
PLEASE HELP!!! I I WILL GIVE BRAINLY
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I can guarantee that these are all 100% correct. Would appreciate if you gave me a Brainliest, thx!

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7 0
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12. When it comes to managing money, success
Deffense [45]

<u>Answer:</u> Option D

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The personal finance success of the person depends on the money managing behavior rather than the knowledge. If more money is spent then the individual looses the opportunity to make investments and save for the future.

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