Answer:
Total cash collection= $282,520
Explanation:
Giving the following information:
Sales May= 400 units
Sales June= 400*1.03= 412 units
Selling price= $700
30% of Zhang's sales are for cash.
The remaining 70% are credit sales; these customers pay in the month following the sale.
<u>To calculate the cash receipts, we need to use the following structure:</u>
Cash collection June:
Sales in Cash June= (412*700)*0.3= 86,520
Sales in Account from May= (400*700)*0.7= 196,000
Total cash collection= $282,520
An economic forecast is a forecast that considers the business cycle by foreseeing planning indicators. a projection of the economy.
<h3>What do you mean by business forecasting?</h3>
A projection of an industry's or firm's future developments made using historical and current data trends and patterns is known as business forecasting.
Types of forecasting :
- Economic,
- the labor market, and
expectations are the three categories.
Thus,
The technique of forecasting the state of the economy using a variety of frequently used indicators is known as economic forecasting.
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If incomes increase during a period of expansion, goods considered to be inferior will experience:
<h3>What are inferior goods?</h3>
Inferior goods are those types of goods that consumers have little or no interest in. These goods are mostly sought after when the economy is tough and people have no option but to purchase them.
However, when the economy improves and there is an expansion, people will naturally return to the goods that they believe have superior quality. When they make this move, the inferior goods will experience a decrease in demand.
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Answer:
The actual manufacturing cost per unit is 23.46
Explanation:
Step 1. Given information.
- Direct material $10.00
- Direct labor $8.00
- Variable overhead $3.00
- Fixed overhead $2.00
- Total standard cost per unit $23.00
- overhead 29.920
Step 2. Formulas needed to solve the exercise.
Actual manufacturing cost per unit
Direct materials = Fixed overhead * price direct material
Direct labor = direct labor * price per hour
cost per unit = Total cost / units sold
Step 3. Calculation.
(+) Direct materials = 12,200*4.80 = 58.560
(+) Direct labor = 5,950*8 = 47.600
(+) Overhead 29.920
Total 136.080
Cost per unit = 136,080/5,800
Cost per unit = 23.46
Step 4. Solution.
The actual manufacturing cost per unit is 23.46
Answer:
D. Whether to pay office workers a wage or a salary
Explanation:
The HR compensation functions entail rewarding employees for work done. Employee compensation includes monetary payments such as salaries, wages, overtime, profit sharing, allowances, or bonuses.
Non -monetary compensation includes benefits such as housings, paid car, insurance coverage, and stock ownership.
In consultation with the other managers, the HR managers determine the level and combination of compensation for every employee. HR has to decide whether to employ office workers on a part-time or full-time basis. Equally, HR determines whether to pay the office workers either a salary or wages.