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Dmitrij [34]
3 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:
AlekseyPX3 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>

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3 years ago
Given the following information, determine the beta coefficient for Stock L that is consistent with equilibrium: = 9.25%; rRF =
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Answer:

The beta coefficient for Stock L that is consistent with equilibrium

Explanation:

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Stock L that is consistent with equilibrium is expected rate of return which equals to = 9.25%

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8 0
3 years ago
Jill took ​$50 comma 000 that she had in savings and started her own business. If left in investments she would have earned ​$5
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= $30,000

The loss in rent would be

= $40,000 - $20,000

= $20,000

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