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lukranit [14]
3 years ago
15

COTB MC Qu. 8-31 (Static) Assume a company is preparing a... Assume a company is preparing a budget for its first two months of

operations. During the first and second months it expects credit sales of $50,000 and $60,000, respectively. The company expects to collect 40% of its credit sales in the month of the sale and the remaining 60% in the following month. What amount of accounts receivable would the company report in its balance sheet at the end of the second month
Business
1 answer:
Alchen [17]3 years ago
4 0

Answer:

$36,000

Explanation:

The computation of the amount of the account receivable that should be reported at the end of the second month is shown below;

= Credit sales of the second month × following month percentage

= $60,000 × 0.60

= $36,000

By multiplying the credit sales of the second month with the following month percentage, the amount of the account receivable could come

Hence, the same would be relevant

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nikdorinn [45]

Answer:

e) 3.38%

Explanation:

In this question, we apply the Capital Asset Pricing Model (CAPM) formula which is shown below

Required rate of return  = Risk-free rate of return + Beta × (Market rate of return - Risk-free rate of return)

For A

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For B

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3 years ago
Why do cell phone service companies fall into oligopoly
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Answer:

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