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mojhsa [17]
3 years ago
14

Budgeted sales in Acer Corporation over the next four months are given below: September October November December Budgeted sales

$120,000 $140,000 $180,000 $160,000 Thirty percent of the company's sales are for cash and 70% are on account. Collections for sales on account follow a stable pattern as follows: 50% of a month's credit sales are collected in the month of sale, 30% are collected in the month following sale, and 20% are collected in the second month following sale. Given these data, cash collections for December should be_____________.
a. $118,700
b. $100,500
c. $161,400
d. $141,800
Business
1 answer:
katovenus [111]3 years ago
4 0

Answer:

c. $161,400

Explanation:

The computation of the cash collections for December month is shown below:

Cash sales

= $160,000 × 30%

= $48,000

Credit sales

For same month  = $160,000 × 50% × 70% = $56,000

For one month = $180,000 × 30% × 70% = $37,800

For second month = $140,000 × 20% × 70% = $19,600

So, the total cash collections is

= $48,000 + $56,000 + $37,800 + $19,600

= $161,400

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The long-run aggregate supply curve is vertical because: minimum wage sets the long-run wages. the price level is constant in th
mixas84 [53]

Answer:

The correct answer is the second option: The price level is constant in the long run.

Explanation:

To begin with, the concept of the <em>"aggregate supply"</em> refers to the total amount of goods and services that firms are willing and are able to offer at a certain price level given and at a determine period of time. Moreover, at the long-run the aggregate supply curve is not affected by many variables as it is in the short run and this is due to the fact in the long run the economy is said to be at full capacity and optimally and also because the changes in the aggregate demand are only affective in the short run to the economy's total output.

4 0
3 years ago
What are the ways that panera bread can conduct ethical and proper forms of competitive analysis to learn about potential compet
katrin [286]

Ethical practices means not harming the business  or tarnishing the name of the business. Panera bread could speak with their competitors regarding their products or they could decrease the price of their products

5 0
3 years ago
Correcting a market with an externality through taxation is _________ correcting it through a set output target from command and
Kipish [7]

Correct question:

Correcting a market with an externality through taxation is _________ correcting it through a set output target from command and control.

Group of answer choices

A. less efficient than

B. as efficient as

C. either more or less depending on the elasticity of demand

D. more efficient than

Answer:

Correcting a market with an externality through taxation is (A) less effective than correcting it through a set output target from command and control.

<h3>Correcting a market with taxation:</h3>
  • The government can discourage the consumption of harmful products by raising taxes on them.
  • Cigarette and alcohol taxes, for example, are raised on a regular basis to discourage their consumption and limit their adverse impacts on unconnected third parties.
<h3>Command and control strategies:</h3>
  • Command and control is a sort of environmental regulation that allows policymakers to expressly regulate both the amount and the procedure by which a company should maintain environmental quality.
  • Correcting marketing is more effective than correcting manufacturing through taxation.
<h3>Reason -</h3>

As it is stated above Correcting marketing is more effective than correcting manufacturing through taxation.

Therefore, Correcting a market with an externality through taxation is (A) less effective than correcting it through a set output target from command and control.

Know more about market correction here:

brainly.com/question/2626419

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7 0
2 years ago
Park co. shipped inventory on consignment to recreations co. that cost $50,000. recreations paid $1,200 for advertising that was
antiseptic1488 [7]

The answer to this question is 30/100*$50,000 = $15,000 remains on the balance sheet at the end of the year.

The $ 1200 paid for advertisement is not included in the cost of inventory.

<span>Cost of inventory=cost of inventory+ any other cost needed to get inventory in place of sale.</span>

6 0
3 years ago
Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant ra
Paul [167]

Answer:

1. $4.5

2. 45%

3. 55%

4. $4.50

5. $1,800

6. $3,150

7. $1,750

8. 500 units

9.$5,000

10. 2,300 units

11. $5,000

12. 2

13. 1.5%

Explanation:

1. Contribution margin per unit = Unit sales price - Variable cost per unit

• $10 - $5.5 = $4.5

2. Contribution margin ratio = (sales - variable expense) / Sales

• ($10,000 - $5,500) / $10,000

• $4,500/$10,000

•45%

3.Variable expense ratio = variable cost per unit / Sales per unit

•$5.5/$10 = 55%

4. Net operating income @1,000 - Net operating income @1,001

•@1,000 units

Sales (1,000 x 10) $10,000

Variable expense (1,000 x 5.5) $5,500

Contribution margin $4,500

Less: Fixed Cost $2,250

Net operating income $2,250

•@1,001 units

Sales (1,001 x 10) $10,010

Variable expense (1,001 x 5.5) $5,505.50

Contribution margin $4,504.50

Less: Fixed cost $2,250

Net operating income 2,254.50

Therefore, $2,254.50 - $2,250 = $4.50

5. Sales (900 x 10 ) $9,000

Variable expense (900 x 5.5) $4,950

Contribution margin $ 4,050

Less: Fixed cost $2,250

Total net operating income $1,800

6. Sales (900 x 11.50) $10,350

Variable cost (900 x 5.50) $4,950

Contribution margin $5,400

Less: Fixed cost $2,250

Net operating income $3,150

7. Sales (1,250 x 10) $12,500

Variable cost (1,250 x 6) $7,500

Contribution margin $5,000

Less: Fixed cost (2,250 + 1,000) $3,250

Net operating income $1,750

8. Break-even point in unit sales

BEP =Total fixed cost / (sale per unit - variable cost)

BEP = $2,250 / (10-5.5)

BEP = $2,250/$4.5

BEP = 500 units

9.Break-even point in dollar sales

BES = Total fixed expense/contribution margin ratio

BES = $2,250/([10,000-5,500]/10,000)

BES = $2,250/0.45

BES = $5,000

10. Let’s begin with the desired net operating income.

•$8,100 + Fixed cost = Contribution margin / (Sales per unit - Variable cost)

•$8,109 + $2,250 = $10,350/(10-5.50)

•$10,350/4.50

•2,300 units

11.Margin of safety = Projected sales - Break-even sales

MOS = $10,000(1,000 x 10) - $5,000 (as computed above #9)

MOS = $5,000

12. Degree of Operating leverage

DoL = (Sales-Variable cost) / (Sales - Variable cost - Fixed cost)

DoL = ($10,000 - 5,500) / ($10,000 - 5,500 - 2,250)

DoL = $4,500/$2,250

DoL = 2

13. 3% / 2 = 1.5%

• DoL simply signifies how many times the operating profit increase or decrease in relation to sales.

6 0
3 years ago
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