Solution:
Given,
The sums of consumer cash earned during the year ending December 31, 2019 were $314,000 and accounts receivable were lowered by $42,000.
Sales on account for the year ended December 31, 2019 :
Credit sales = Cash collected + Increase / ( Decrease ) of accounts receivable
Credit sales = $ 314,000 - $ 42,000
Credit sales = $ 272,000
Answer:
A decision support system (DSS)
Explanation:
Decision support system is a system that enables managers to access huge amounts of data, and also the processing power those data to useful information. By developing a system that gives its managers access to large amounts of data and the processing power to convert the data into high-quality information quickly and efficiently, Cognizance has developed a Decision support system. The system helps managers of organizations with decision making by analyzing those large chunk of business data and bringing out high quality information that is useful.
<span>add materially to a company's technological capabilities, strengthen the company's competitive position, and/or boost its profitability.</span>
Answer:
Ending cash balance for November = $52,869
Explanation:
Crane Company
Cash Budget
October
November
beginning cash balance
$16,000
$40,539
expected cash receipts
$63,000
$95,000
Total available cash
$79,000
$135,539
expected cash payments
$45,000
$76,000
excess of available cash over payments
$34,000
$59,539
financing:
Borrowings
$6,539
$0
Repayments
$0
($6,539)
Interest
$0
($131.00)
Ending cash balance
$40,539
$52,869
The ending cash balance shortfall in October $40,539 - $34,000 = $6,539
Hence, the amount to be borrowed = $6,539
In November, the company has enough funds to meet its ending cash balance as well as pay-off the borrowed amount with interest.
Interest for 2 month = 6,539 x 12% x 2/12 = $130.78 or $131 (rounded off)
Note: cash is borrowed in the first day of the month, assuming the company borrows cash on October 1, and repays on November 30, interest is payable for two months.
Answer: A: price leadership exists in this industry
Explanation:
hope this helps