Answer:
Tim's business should have 50 sales person
Explanation:
Number of customers = 1,000 customers
Call frequesncy to each = 50 times
Average Length of call = 2 hours
Average sales persons time = 2,000 hours per year
Total Time = Customers x Average time per call x Call frequesncy
Total Time = 1,000 x 2 x 50 = 100,000 hours per year
Number of Sales people required = Total time / Average time per sales person = 100,000 / 2,000 = 50 sales person
Answer:
The answer is: D) $32,000
Explanation:
In 20x3, Cris. Co. paid in cash $68,000 for interest, including $15,000 of interest from 20x2.
The amount of cash paid for 20x3 interests = $68,000 - $15,000 = $53,000
Interest payable = interest expense 20x3 - cash paid for 20x3 interests
interest payable = $85,000 - $53,000 = $32,000
Answer: $186,000
Explanation:
January is the 2nd month from November which means that all of November's $31,000 will be collected in January.
January is the first month after December so 30% of December sales should be collected in January. 50% has already been collected in December and this left $50,000.
Total credit sales in December must have been:
= 50,000 / 50%
= $100,000
Amount to be collected in January for December:
= 100,000 * 30%
= $30,000
Amount to be collected from January credit sales:
= 50% * 150,000
= $75,000
January cash sales = $50,000
Total cash in January :
= 31,000 + 30,000 + 75,000 + 50,000
= $186,000
Answer:
The vertical analysis based on net sales would show 45.94% and 74.13% for cost of goods sold.
Explanation:
Vertical Analysis: The vertical analysis does the analysis of the financial statements which is based on the sales value.
In mathematically,
Vertical Analysis = Financial Statement item ÷ sales value × 100
So,
For the cost of good sold. the vertical analysis would be:
For the Latest amount of cost of good sold:
= Latest amount of cost of goods sold ÷ Latest sales value × 100
= $17,000 ÷ $37,000 × 100
= 45.94%
For the updated amount of cost of goods sold:
= updated amount of cost of goods sold ÷ updated sales value × 100
= $43,000 ÷ $58,000 × 100
= 74.13%
Hence, the vertical analysis based on net sales would show 45.94% and 74.13% for the cost of goods sold.
