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ollegr [7]
3 years ago
11

Nuthatch Corporation began its operations on September 1 of the current year. Budgeted sales for the first three months of busin

ess—September, October, and November—are $260,000, $375,000, and $400,000, respectively. The company expects to sell 30% of its merchandise for cash. Of sales on account, 80% are expected to be collected in the month of the sale and 20% in the month following the sale. ​ The cash collections expected in October from accounts receivable are estimated to be Group of answer choices
Business
1 answer:
vlada-n [284]3 years ago
7 0

Answer:

Total cash collection= $246,400

Explanation:

Giving the following information:

Sales:

September= $260,000

October= $375,000

The company expects to sell 30% of its merchandise for cash.

Of sales on account, 80% are expected to be collected in the month of the sale and 20% in the month following the sale. ​

<u>Cash collection October:</u>

Sales on account October= (375,000*0.7)*0.8= 210,000

Sales on account Septembre= (260,000*0.7)*0.2= 36,400

Total cash collection= $246,400

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Bob and Tom are two criminals who have been arrested for burglary. The police put Tom and Bob in separate cells. They offer to l
algol [13]

Answer:

A. Check the attached image for the payoff matrix

B. Confess

C. Confess

D. 3 years. They could have avoided this by confessing.

Explanation:

The above question is known as the prisoner's dilemma. It is a form of game theory. It analyses the best option for a player in a game without regard for what the other player does.

The dominant strategy is the best decision for the player without considering what the other player does or without cooperation between the players. The dominant strategy for each of the prisoners is to confess because if one confesses and the other doesn't, the one that confesses goes free. If both prisoners confesses, they get 10 years each. These is a better option than not confessing and getting either 3 years or 15 years of prison sentence.

Because both players don't confess, hence they get 3 years in prison. They could have avoided the sentence by confessing.

I hope my answer helps you

5 0
3 years ago
The following information is from Tejas WindowTint’s financial records.Month Sales PurchasesApril $ 76,000 $ 51,000 May 72,000 4
gogolik [260]

Answer:

Please consider the following calculations

Explanation:

Expected cash collection during august =

(70000*68%+75000*20%+69000*10%) = 69.500

Expected cash disbursement during august = (53000*98%++14400) = 66.340

Expected cash balance on august 31 = (32000+69500-66340) = 35.160

6 0
3 years ago
During March, the production department of a process manufacturing system completed a number of units of a product and transferr
ANEK [815]

Answer:

Direct Materials EU = 165,000

Direct Labour EU = 144,000

Explanation:

Equivalent Units (Weighted Average Method) =  Beginning Goods In process + Units Completed + Ending Goods x % of completion

Direct Materials:  25,000 + 110,000 + 30,000 x 100% = 165,000

Direct Labor: 25,000 + 110,000 + 30,000 x 30% = 144,000

Remember: In the weighted average cost system the units in process at the beginning are count as a full equivalent unit of production.

8 0
3 years ago
Using the following year-end information for WorkFit calculate the acid-test ratio:
ASHA 777 [7]

Answer:

0.97

Explanation:

The computation of the acid-test ratio is given below:

= Quick assets ÷ current liabilities

= (cash + short term investment + account receivable + supplies) ÷ (accounts payable + wages payable)

= ($58,110 + $14,000 + $58,000 + $5,600) ÷ ($108,000 + $31,900)

= $135,710 ÷ $139,900

= 0.97

7 0
3 years ago
Jurisdiction X levies a flat 14 percent tax on individual income in excess of $35,000 per year. Individuals who earn $35,000 or
Katyanochek1 [597]

Answer:

A. Taxable income =$63,750

Income tax = $8,925

Average rate=9%

MARGINAL RATE 14%

B. Taxable income= $12,900

Income tax =$1,806

Average rate =3.8%

MARGINAL RATE 14%

C. Zero

D. PROGRESSIVES RATE STRUCTURE

Explanation:

a. Computation for income tax, average , and marginal tax.

Computation for Mr. Hill's taxable income

Taxable income =($98,750 -$35,000)

Taxable income =$63,750

Computation for Mr. Hill's income tax

Income tax=($63,750 ×14%)

Income tax = $8,925

Computation for Mr. Hill's average rate Average rate= ($8,925 ÷$98,750)

Average rate=9%

Based on the information given we were told they levies a flat 14% tax which means that the

MARGINAL RATE will be 14%.

B. Computation for Ms. Lui income, average , and marginal tax.

Taxable income=

($47,900 -$35,000)

Taxable income= $12,900

Income tax = ($12,900 ×14%)

Income tax =$1,806

Average rate = ($1,806 ÷$47,900)

Average rate =3.8%

Based on the information given we were told they levies a flat 14% tax which means that the

MARGINAL RATE will be 14%

C. Based on the information given about Ms. Archer's we were told that she earned the amount of $34,100 as income this year in which she as well paid no income tax which means that her average and marginal rates will be Zero (0).

d. Based on the information given a bit Jurisdiction X we can tend to say that Jurisdiction X make use of PROGRESSIVES RATE STRUCTURE reason been that the Jurisdiction X average rate will continue to increase as the individual income increases.

4 0
3 years ago
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