Answer:
<u>Cash collection budget
</u>
January
Cash sales $50,000
Credit sales :
50% of January credit sales $75,000 ($150,000*50%)
40% of December credit sales $33,600 ($42,000/50%*40%)
10% of November credit sales $23,000 ($23,000/10%*10%)
Total cash collections $181,600
Answer:
40 persons
Explanation:
Given:
Total cost of trip = $560
Number of people Decide not to go = 5 people
raise cost = $2
Assume:
Number of people wants to go = a
Cost per person = b
So, a x b = $560 , b= 560/a
After people decided not to go ,
Total number of people = (a-5)
New cost = (b+2)
So , total cost = (a-5)(b+2) = $560
ab +2a -5b -10 = 560 , where ab = $560
2a -5b = 10
2a -5b = 10
By putthing value of b
2a - 5 (560/a) = 10
2a - (2800 / a) = 10
2a² - 2800 = 10a
2a² -10a - 2800 = 0
a= 40
Total 40 persons wants to go.
Answer:
12.81%
Explanation:
PMT (The amoun you invest each month) is $500
n = 35 years = 35 x 12 = 420 months
Future value (FV) of your account in 35 years is $4,000,000
Present value (PV) = 0
i/r = ?
Inputting these values into financial calculator, we get:
i/r = 1.07%/month
--> Annual rate of return is 1.07% x 12 = 12.81%
Answer:
The correct answer is letter "D": can be used to compute a stock price at any point in time.
Explanation:
The Gordon Growth Model, also known as the Constant Dividend Growth Model, is used to measure the value of the stock at any point in time based on the projected future dividends of the stock. Investors and analysts are commonly used to compare the estimated value of the stock against the current market price. Analysts interpret the gap between the two prices as proof that the stock could be under or overvalued by the market.
Answer:
Explanation:
The journal entry is shown below:
Work in Process-Molding A/c Dr $3,000
To Accounts Payable Control $3,000
(Being the purchase and used production is recorded)
The computation of the purchase amount is shown below:
= Number of kgs purchased × price per kg
= 500 kgs × $60
= $3,000
The other information which is given is not considered. Thus, ignored it