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chubhunter [2.5K]
4 years ago
12

following month. Labor costs are 20% of sales. Other operating costs are $37,000 per month (including $8,000 of depreciation). B

oth of these are paid in the month incurred. The cash balance on March 1 is $10,000. A minimum cash balance of $6,000 is required at the end of the month. Money can be borrowed in multiples of $1,000. How much cash will be collected from customers in March
Business
1 answer:
inn [45]4 years ago
3 0

Answer:

$91,600

Explanation:

Since the Cash that was collected from customers in the month of March will be as follows:

A breakdown of each month

For the month of March Sales = 100,000*30% = $30,000

For the month of Feb Sales = 88,000*70% = $61,600

Then the Total Collections = $91,600

therefore, the answer is $91,600

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In a process called _______, a customer visits a store to touch, feel, and even discuss a product's features with a sales associ
ivanzaharov [21]

Answer:

showrooming

Explanation:

In showrooming, a customer visits a store to touch, feel, and even discuss a product's features with a sales associate, and then instantly compares the prices online to see whether a better deal is available.

6 0
3 years ago
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Under absorption costing, a company had the following unit costs when 8,000 units were produced. Direct labor $ 8.50 per unit Di
Dimas [21]

Answer:

$24,25

Explanation:

Cost per unit (Variable Costing) = Variable manufacturing costs

                                     = Direct Materials + Direct Labor + Variable Overheads

                                     =  $ 9.00+$ 8.50+$ 6.75

                                     = $24,25

Therefore, the total production cost per unit under variable costing if 25,000 units had been produced is $24,25

8 0
4 years ago
Jane's aunt wants a cashmere blanket to put over her legs when she watches television from her favorite chair. Jane could drive
Lunna [17]

Answer:

<u>Time</u>

Explanation:

There is a trade off between time spent in travelling and engaging into some other activity.

In Economics, Opportunity cost refers to the next best alternative. It represents the foregone benefits of an activity sacrificed in return for another activity.

In the given case, Jane is willing to pay extra online than travel all the way and get the blanket at a much cheaper rate. By doing so, Jane has saved time as well as energy which would've been spent in 50 miles drive.

Consumer decision making process involves the whole process between a consumer identifying his need and ultimately making the purchase.

The given case corresponds to the influence of available time or the time constraint which affects consumer decision making process.

4 0
3 years ago
Brief Exercise 3-7 Sheridan Company’s weekly payroll, paid on Fridays, totals $6,600. Employees work a 5-day week. Prepare Sheri
Taya2010 [7]

Answer:

Explanation:

The journal entry is shown below:

On December 31,2016

Salary Expense A/c Dr $3,960 ($1,320 × 3 days )

      To Salary Payable A/c     $3,960

(Being adjusted salary is recorded)

On January 2

Salary Expense A/c Dr  $2,640  ($1,320 × 2 days )

Salary Payable A/c       $3,960  ($1,320 × 3 days)

       To Cash A/c                          $6,600            

(Being cash is paid)

5 0
4 years ago
What is the proper estimate for the cost of preferred stock in estimating a company's WACC?a. The estimated cost of newly issued
Yuliya22 [10]

Answer: Option A

                       

Explanation: In simple words, WACC refers to the cost of total capital that a company has borrowed form the market in its weighted average form. It includes all sources of debt whether retained earning, equity, debt or preferred stock.  

While calculating WACC the analyst takes the market value of the capital sources into consideration, thus, in case of preferred stock the cost of newly issued preferred shares must be taken as they depict the actual cost that the company has to bear.

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4 years ago
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