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harina [27]
3 years ago
6

The following is a schedule of the projected unit sales of Western Company, which manufactures casual wear. Each unit sells for

$25. The company began the period with a beginning accounts receivable balance of $10,000. Choose the correct answer from the options provided. Quarter First Second Third Fourth Year Budgeted unit sales 1,500 1,300 1,400 1,300 5,500 Percentage of sales collected in the quarter of the sale 75% Percentage of sales collected in the quarter after the sale 25% Knowledge Check 01 What is the amount of budgeted sales revenue for the fourth quarter?
A. $32,500
B. $33,750
C. $35,000
D. $37,500
Business
1 answer:
Likurg_2 [28]3 years ago
7 0

Answer:

The correct option is A,the fourth quarter budgeted revenue is $32500 as shown below.

Explanation:

The budgeted sales quantity for fourth quarter is 1300 units at $25 each.

From Economics equation of revenue equals price multiplied by quantity, the revenue for the fourth quarter is calculated below.

Revenue=P*Q

P=price=$25

Q=budgeted quantity=1300 units

Revenue=$25*1300

Revenue=$32500

The value of this revenue that would be collected in the same quarter is 75%*$32500 is $24375 while the balance of $8125 in the first quarter of the succeeding year.

This way cash flow planning in terms of matching capital payments with cash receipt is better enhanced.

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Compare the concept of a modern supply chain with more traditional distribution channels. Be specific regarding similarities and
Rus_ich [418]

Answer:

The answer to the following question is given below :

Explanation:

  • The typical model of production was structured to meet the challenges and bring benefits. With new capacity and operating results, the supply chain has become progressively more competitive and efficient.
  • The modern supply chain is tailored to meet evolving customer needs. Freight capacity and administrative performance have become more reliable and cost-effective. Supply chain structures can supply the goods at exact times.

6 0
3 years ago
Suppose you have $10,000 in your checking account. You withdraw $500 cash from your account and hide it under your pillow for fu
trapecia [35]

Answer:

The Money supply will decrease by $4,500

Explanation:

What will be the maximum impact on money supply today as a result of your action is that the Money supply will decrease by $4,500.

Since we assumed that you have $10,000 in your account in which you withdraw $500 cash from your account and hide it under your pillow for future use, therefore based this scenario or actions carried by you it means that your bank have fewer or lesser funds available to make loans which means the decrease will tend to affect the money supply.

Hence, you can easily calculate the effect by using the simple money multiplier.

8 0
3 years ago
What budgeting option is best used only with limited resources and expenses?
4vir4ik [10]

Answer: Mental budgeting.


Explanation: This concept is very much in consistent with the concept of mental accounting. The concept of mental accounting says that a person has already classified the areas where he will be spending his income and each area has its own importance and is given particular amount to that. Contrary to this, however, the mental budgeting is the phenomenon which uses the same technique but in such a way that it calculates the amount to be spend on multiple areas beforehand and using the rational cognitive ability, imagine the possibility that if an area would be left without spending money on that, would that help him save or not.

4 0
2 years ago
Read 2 more answers
Deontologist would agree that the increasing medical concern over obesity in the United States justified federal regulation of h
KonstantinChe [14]

Explanation:

Yes it is true that the advertisements during the children's program are responsible for increasing the craving of children for junk food which contains high calorie, high fat, high sugar and and low nutritional values.

These negative food habits are causing the obesity in the young children in the United States. The USDA has updated its "MyPlate" in 2011 to give information about the right food habits which are good for nutritional value  to the U.S citizens.

 

7 0
3 years ago
Waupaca Company establishes a $350 petty cash fund on September 9. On September 30, the fund shows $104 in cash along with recei
mariarad [96]

Answer: Please see explanation for answers

Explanation:

Journal to record establishment of fund

Date                  Account titles and explanation            Debit     Credit

Sept 9                    Petty cash                                          $350

                              To Cash                                                                  $350

Journal to record the reimbursement of petty cash fund

Date                  Account titles and explanation            Debit     Credit

September 30    printing expenses                                 $40

                        Postage expense                                     $123

Miscellaneous expenses                                                 $80

Cash shortage - not accounted for                                   $3

                           To Cash                                                                      $246

Journal to show the increment of fund to $400

Date                  Account titles and explanation            Debit       Credit

October 1        Petty cash                                               $50              

                        To Cash                                                                       $50

Calculation : ($400 - $350)=$50

7 0
2 years ago
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