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OverLord2011 [107]
3 years ago
10

All sales are on account. 35% of the sales are collected in the month of sale, 45% in the following month, the remainder in the

second following month. Budgeted sales for Jan., Feb., Mar. are $50,000; $60,000; $40,000. How much cash is collected in March
Business
1 answer:
sesenic [268]3 years ago
6 0

Answer:

Total cash collection March= $51,000

Explanation:

Giving the following information:

All sales are on account.

35% of the sales are collected in the month of sale, 45% in the following month, the remainder in the second following month.

<u>Cash collection March:</u>

Sales on account from March= (40,000*0.35)= 14,000

Sales on account from February= (60,000*0.45)= 27,000

Sales on account from January= (50,000*0.2)= 10,000

Total cash collection March= $51,000

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Answer: Ordinal scale.

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3 years ago
A7X Corp. just paid a dividend of $2.80 per share. The dividends are expected to grow at 20 percent for the next eight years and
kifflom [539]

Answer:

The price of the stock today=$560

Explanation:

We can use the expression for calculating the required rate of return to calculate the price of the stock today:

RRR=(EDP/SP)+DGR

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EDP=expected dividend payment

SP=share price

DGR=dividend growth rate

In our case:

RRR=13%=13/100=0.13

EDP=$2.80 per share

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replacing in the original expression;

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2.8/SP=0.13-0.125

2.8/SP=0.005

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6 0
3 years ago
Advertising, engineering, marketing, product design, and web design are all examples ____ of work.
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<h3>What are the names of networks of businesses that produce product designers, engineers, manufacturing firms, distribution channels, and consumer outlets?</h3>

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4 0
1 year ago
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DedPeter [7]

Answer: Average

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<em />

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insens350 [35]

Answer:

The right answer is C.

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