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
Dmitrij [34]
2 years ago
12

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

$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:
Business
1 answer:
AlekseyPX2 years ago
7 0

Answer:

$161,400

Explanation:

<u>Cash collection calculation</u>

December cash sales ($160,000*30%) = $48,000  

<u>Credit sales</u>

December: (160000*70%*50%) =              $56,000

November: (180000*70%*30%) =              $37,800

October: (140,000*70%*20%) =                 <u>$19,600</u>

Total cash collections                                <u>$161,400</u>

You might be interested in
If a good is inferior, then an increase in income will result in a(n) a. increase in the demand for the good. b. decrease in the
Paul [167]

Answer:

b. decrease in the demand for the good. 

Explanation:

An inferior good is a good whose demand falls when income increases and rises when income decreases.

A decrease in demand would lead to a leftward shift of the demand curve.

Inferior goods contrasts to a normal good. A normal good is a good whose demand increases when income rises and falls when income reduces.

Only a change in the price of a good leads to movement along the demand curve for that good.

I hope my answer helps you

7 0
3 years ago
According to a survey of American households: The probability that a household owns 2 cars, if annual income is over $25,000, is
vladimir1956 [14]

Answer: 0.48

Explanation:

P(A/B) = P(AnB)/P(B) where:

P(A/B) = The probability of event A occurring given that B has occurred.

P(AnB) = The probability of both events A and B occurring.

P(B) = the probability that event B occurs.

So let

P(A) = Probability that the residents of a household own 2 cars.

P(B) = Probability that the annual household income is greater than $25,000.

The question tells us that

P(A/B) = 0.8

Note that: P(A) = 0.7, P(B) = 0.6.

Since we want to work out P(AnB), because it gives the probability that residents have an annual household income over $25,000 and own 2 cars.

We would Rearrange our initial equation to make P(AnB) the subject formula becoming;

P(A/B) = P(AnB)/P(B)

P(B)*P(A/B) = P(AnB)

So, inserting our probabilities into this equation gives:

0.6*0.8 = 0.48

8 0
2 years ago
Holding other factors constant, if bad weather destroys the annual crop for carrots, it causes the supply curve for carrots to
Iteru [2.4K]

Options:

<em>a. Shift to the left, causing the prices of carrots to rise</em>

<em>b. Shift to the left, causing the prices of carrots to fall</em>

<em>c. Stay the same</em>

<em>d. The supply curve does not shift. Only the demand curve shifts.</em>

<u>Answer:</u>

<u>a. Shift to the left, causing the prices of carrots to rise</u>

<u>Explanation:</u>

Indeed, going by the law of supply and holding all other factors constant, we would expect the supply curve to shift to the left, which implies that there would be an increase in the price of carrots.

What this means is that because there are now fewer carrots in the market as a result of the effects of the bad weather, there would be scarcity and so sellers would increase prices.

3 0
3 years ago
If you were originally a lender, remain a lender even after a decline in interest rates. Will you get better or worse after the
Anestetic [448]

Answer:

If the lender rate decline he will be worst of due to consumer buying behavior.

Explanation:

  • Lenders are creditors and not all creditors are leanders. During a decline in the interest rates goes down and borrowing gets cheaper. The leander will be worse after the interest rates decline. If the interest rate rises or changes the lender may get higher rates.
4 0
2 years ago
Phillip owns a large real estate firm. He imparts training to the managers of the firm to help them effectively manage its multi
Flauer [41]

Answer:

A. skills-based diversity training

Explanation:

Based on the information provided within the question it seems that Phillip is using skill based diversity training in this scenario. This refers to  a training approach that focuses on dealing with diversity in multiethnic workforces and providing the necessary skills to solve various types of problems within them. Which is exactly what is happening in this situation.

4 0
3 years ago
Other questions:
  • Most CLEP exams correspond to _____ college courses.
    5·2 answers
  • A manufacturer of prototyping equipment wants to have $3,000,000 available 10 years from now so that a new product line can be i
    14·1 answer
  • You are aware that another coworker is having severe financial problems. she is a single parent and you saw her take some suppli
    7·2 answers
  • Tom maintains a popular blog that highlights restaurants in the Chicago area. Tom provides recommendations on the restaurants, p
    12·1 answer
  • A mother wants to invest ​$9 comma 000.00 for her​ son's future education. She invests a portion of the money in a bank certific
    8·1 answer
  • Ano ang pagkakapareho ng mga katangiang pisikal na matatagpuan sa pilipinas ayon sa nabsang teskto?
    12·1 answer
  • Arturo is a sales manager for the bratney companies, a company that manufactures equipment used in the processing of grains and
    12·1 answer
  • The following details are provided by Western Wear Merchandisers. The company uses the periodic inventory system.
    10·1 answer
  • According to the law governing mortgage loan brokers, what is the maximum commission Broker Claire can charge for securing a $50
    11·2 answers
  • A good percentage to start with for saving is ________________ percent of your teaching income.
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!