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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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Assume that aggregated fact table B is based on the detailed fact table A. Which of the following is FALSE
jeyben [28]

The false statement is E) Table B has more records than Table A

A detailed table is one in which a single record refers to a single fact while in the case of an aggregated table, a single record may refer to more than one fact. In the given case Table B is aggregated table that's why it is not possible that it has more records than table A.

A truth table shops quantitative facts for analysis and is regularly denormalized. A fact desk works with size tables. A reality desk holds the facts to be analyzed, and a measurement table shops facts about the methods in which the statistics in the fact table can be analyzed.

Tables are database items that incorporate all of the records in a database. In tables, records are logically prepared in a row-and-column format much like a spreadsheet. Every row represents a unique record, and every column represents a field inside the report.

Your question is incomplete. Please read below to find the complete question.

Assume that aggregate fact Table B is based on the detailed fact table A. Which of the following is false?

A) a number of dimensions that Table B is connected to are equal to or less than the number of dimensions that Table A is connected to.

B) a number of records in Table B are equal to or less than the number of records in Table A.

C) table B provides an aggregated view of facts in Table A.

D) all dimensions connected to Table B are connected to Table A.

E) table B has more records than Table A.

Learn more about tables here brainly.com/question/12151322

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7 0
2 years ago
False Value Hardware began 2016 with a credit balance of $32,000 in the allowance for sales returns account. Sales and cash coll
gayaneshka [121]

Answer:

$607,000

Explanation:

False Value Hardware began 2016 with a credit balance of $32,000 in the allowance for sales returns account.

Sales and cash collections from customers during the year were $650,000 and $610,000, respectively.

False Value estimates that 6% of all sales will be returned.

During 2016, customers returned merchandise for credit of $28,000 to their accounts.

False Value's 2016 income statement would report net sales of:  

The closing balance in the allowance for sales returns account will be: 32,000 opening balance + 6% 0f 650,000 - sales returns within the year of 28,000 = $43,000

Hence Net Sales will be 650,000 - 43,000 = $607,000

5 0
3 years ago
Risks of global trade include all of the following EXCEPT ________.
mihalych1998 [28]

Answer:

Option e: Increased opportunities for growth

Explanation:

Global trade is simply the exchange of goods between different countries.Trade is an exchange of items between people or countries.Countries are able to obtain goods they need from other countries.

four major risks in international business includes Country risk, commercial risk, cross-cultural risk, and currency risk.

Increased opportunities for growth is not an effect of risk in global trade.

6 0
2 years ago
The taxpayer’s marginal tax bracket is 25%. Which would the taxpayer prefer? a. $1.00 taxable income rather than $1.25 tax-exemp
Zepler [3.9K]

Answer:

option (d) $1.40 taxable income rather than $1.00 tax-exempt income

Explanation:

The taxpayer would prefer option (d) $1.40 taxable income rather than $1.00 tax-exempt income

The above statement will be chosen because in this case the after tax income will be greater than the tax exempt according to the condition given in the question

Given:

Marginal Tax bracket = 25%

thus,

Taxable income = $1.40

Tax = $1.40 × 0.25 = $0.35

Therefore,

The net income = Taxable income  - Tax = $1.40 - $0.35 = $1.05

and,

$1.05 > $1.00

4 0
3 years ago
Fill in the blank with one of the following words: bacteria, fungi, parasites, viruses.
denis23 [38]

Answer:

Corona and china

3 0
3 years ago
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