1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
bekas [8.4K]
2 years ago
5

The selling price of the company’s product is $22 per unit. Management expects to collect 75% of sales in the quarter in which t

he sales are made, 20% in the following quarter, and 5% of sales are expected to be uncollectible. The beginning balance of accounts receivable, all of which is expected to be collected in the first quarter, is $72,800. The company expects to start the first quarter with 2,460 units in finished goods inventory. Management desires an ending finished goods inventory in each quarter equal to 20% of the next quarter’s budgeted sales. The desired ending finished goods inventory for the fourth quarter is 2,660 units. Required: 1. Calculate the estimated sales for each quarter of the fiscal year and for the year as a whole. 2. Calculate the expected cash collections for each quarter of the fiscal year and for the year as a whole. 3. Calculate the required production in units of finished goods for each quarter of the fiscal year and for the year as a whole.
Business
1 answer:
tia_tia [17]2 years ago
7 0

Answer:

good luck

Explanation:

I'm only here go support u................................<em>.</em><em>.</em><em>.</em><em>.</em><em>.</em><em>.</em><em>.</em><em>.</em><em>.</em><em>.</em><em>.</em><em>.</em><em>.</em><em><u>.</u></em><em><u>.</u></em><em><u>.</u></em><em><u>.</u></em><u>.</u><u>.</u><u>.</u><u>.</u><u>.</u><u>.</u><u>.</u><u>.</u><u>.</u><u>.</u><u>.</u><u>.</u><u>.</u><u>.</u><u>.</u><u>.</u><u>.</u><u>.</u><em><u>.</u></em><em><u>.</u></em><em><u>.</u></em><em><u>.</u></em><em><u>.</u></em><em><u>.</u></em><em><u>.</u></em><em><u>.</u></em><em><u>.</u></em><em><u>.</u></em><em><u>.</u></em><em><u>.</u></em><em><u>.</u></em><em><u>.</u></em><em><u>.</u></em><em><u>.</u></em><em><u>.</u></em><em><u>.</u></em>

You might be interested in
You owe $6,800 on a car loan that has an interest rate of 6.75 percent and monthly payments of $310. You lost your job and your
solmaris [256]

Answer:

<em>It will take 9 months longer to repay this loan</em>

Explanation:

<u>Financial Loan Payments</u>

Let's assume a loan has been received for a present value PV at an interest rate i during n periods. Being R the amount of each payment, then

\displaystyle PV=R\cdot \frac{1-(1+i)^{-n}}{i}

Solving for n we have

\displaystyle n=-\frac{log\left(1-PV.i/R\right )}{log(1+i)}

The first agreement of payment has the following data

PV=6,800

i=6.75/(12\cdot 100)=0.005625

R=310

Computing n

\displaystyle n=-\frac{log\left(1-6,800\cdot 0.005625/310\right )}{log(1+0.005625)}

n=23.5\approx 24\ months

The new agreement changes R to 225, thus

\displaystyle n=-\frac{log\left(1-6,800\cdot 0.005625/225\right )}{log(1+0.005625)}

n=33.2\approx 33\ months

This means that it will take 9 months longer to repay this loan

8 0
2 years ago
Eaton Co. sells major household appliance service contracts for cash. The service contracts are for a one-year, two-year, or thr
natita [175]

Answer:

The correct answer is b. $1,300,000

Explanation:

The computation of unearned service revenue is shown below:

= Outstanding service contracts for 2011 + Outstanding service contracts for 2012 + Outstanding service contracts for 2013

= $380,000 + $570,000 + $350,000

= $1,300,000

The other amounts are not considered in the computation part. So, it is ignored.

Thus, the $1,300,000 is the amount which should be reported as Unearned Service Revenues in Eaton's December 31, 2010 balance sheet.

Hence, the correct answer is b. $1,300,000

3 0
2 years ago
In the United States, sole proprietorships and partnerships outnumber corporations.a. Trueb. False
lianna [129]

Answer:

a. True

Explanation:

The sole proprietorship and partnerships outnumber corporations in United States but they net fewer sales and less income than corporations, individually and when combined.

8 0
3 years ago
You start work at 7:30 am and take a half an hour unpaid lunch at 11:30 AM and then start work at 5:30 PM. How much hours will y
scoray [572]

The number of hours worked for which I will the receive the payment is 7 hours.

<u></u>

<u>Explanation:</u>

Considering the working hour is from 7:30 am to 8:30 pm

Initial work hours = 7:30 to 11:30am

number of hours = 4

If I start working at 5:30 pm and work till 8:30 pm then the number of hours would be 3

Thus,

total number of hours worked = 4 + 3

                                                  = 7

Therefore, number of hours worked for which I will the receive the payment is 7 hours.

6 0
2 years ago
Why did many Americans fear Vladimir I. Lenin and his followers, the Bolsheviks?
r-ruslan [8.4K]
<span>The answer is  A.  Communism is an ideology where the state is the one who rules.  It is a totalitarian form of government where individuals serve the Communist state and promote its ideology.  It runs counter to American values because in a democratic society, people have the right to be what they want to be as well as express their opinions and ideas even if it means criticizing the government which cannot be done in Communism.  Americans also value the right to accumulate wealth whereas Communism is against any form of capitalism.  Everybody gets the same thing no more and no less.  In a Democratic-capitalist society, you the right pursue your dreams as well as accumulate wealth so long as it is done with the laws.</span>
3 0
2 years ago
Other questions:
  • The market situation of a monopolistic competitor is made more complex than our simple revenue-and-costs graphs would suggest, b
    10·1 answer
  • quality control activity analysis indicated the following four activity costs of a hotel. Verifying credit card information $52,
    9·1 answer
  • Which of the following is an example of a "back room" operation for an airline company? A. assisting passengers in getting off o
    15·1 answer
  • The following data pertain to an investment proposal: Required investment $75,000 Annual cash savings $18,000 Projected life of
    13·1 answer
  • Cumulative preferred stock carries the right to be paid both current and all prior periods' unpaid dividends before any dividend
    9·1 answer
  • The original cost of an inventory item is below both replacement cost and net realizable value. The net realizable value less no
    8·1 answer
  • A __________ is an integrated and coordinated set of commitments and actions designed to exploit core competencies and gain a co
    5·1 answer
  • A bank service charge of $10 would be included on the bank reconciliation as a(n):_____.
    6·1 answer
  • In a ________ marketing system, two or more unrelated companies put together resources or programs to exploit an emerging market
    5·1 answer
  • on july 1, 2024, a company acquired equipment. the company paid $187,500 in cash on july 1, 2024, and signed a $750,000 noninter
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!