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artcher [175]
3 years ago
14

Mambo Inc. has credit sales of $140,000 in May, $170,000 in June, and $190,000 in July. Mambo collects cash on account 70% in th

e month of sale and 30% in the month following the sale. What would the cash collections be for June
Business
1 answer:
OverLord2011 [107]3 years ago
7 0

Answer: $161,000

Explanation:

Mambo collects cash on account 70% in the month of sale and 30% in the month following the sale.

This means that in June, Mambo will collect 70% of the June credit sales in addition to 30% of May's sales.

June's collections are therefore:

= (70% * June sales) + (30% * May sales)

= (170,000 * 70%) + (140,000 * 30%)

= 119,000 + 42,000

= $161,000

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Answer:

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Tara is exchanging her $50,000 for the house. Although the money is only a down-payment, it gives her the right to claim ownership of the house. Once she has fully paid for the house using money, she can only lay a claim on the house,  not the money.

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The fabric costs $14.00 per yard.if you buy 5 yards or more, you can get 20% off.how much would five yards cost on sale?
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the sale price is the cheapest available.

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The use of activity-based costing information to support the decision-making process is known as:
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