1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Lana71 [14]
3 years ago
9

Memphis Company anticipates total sales for April, May, and June of $970,000, $1,070,000, and $1,120,000 respectively. Cash sale

s are normally 20% of total sales. Of the credit sales, 40% are collected in the same month as the sale, 55% are collected during the first month after the sale, and the remaining 5% are not collected. Compute the amount of cash received from total sales during the month of June.Multiple Choice$829,200.$730,400.$983,200.$1,053,200.$769,200.
Business
1 answer:
Crank3 years ago
8 0

Answer:

Total cash collection= $1,053,200

Explanation:

Giving the following information:

Sales:

April $970,000

May $1,070,000

June $1,120,000

Cash sales are normally 20% of total sales. <u>Of the credit sales,</u> 40% are collected in the same month as the sale, 55% are collected during the first month after the sale, and the remaining 5% are not collected.

<u>To calculate the total cash collection for June, we need to use the following structure:</u>

Cash collection June:

Sales in cash from June= (1,120,000*0.2)= 224,000

Sales in account from June= (1,120,000*0.8)*0.4= 358,400

Sales in account from May= (1,070,000*0.8)*0.55= 470,800

Total cash collection= $1,053,200

You might be interested in
When you are shopping for a loan, the __________ is the important rate to compare.
MrRa [10]
When you are shopping for a loan, the ANNUAL PERCENTAGE RATE is the important rate to compare. This is because, comparing the annual percentage rate is the best way to accurately determine the loan that will cost you more in the long run.
7 0
3 years ago
When a sales job is being filled by an untrained individual, the job specifications list will most likely include ________ as a
AlexFokin [52]

When a sales job is being filled by an untrained individual, the job specifications list will most likely include __<u>E) personality traits</u>___ as a way to predict which candidate will perform the job well.

<h3>What are personality traits?</h3>

Personality traits are some characteristics or qualities associated with individuals.  Some of the personality traits include extroversion, agreeableness, openness, conscientiousness, adaptability, and neuroticism.

<h3>Answer Options:</h3>

A) age and gender

B) length of previous service

C) past job performance

D) relevant certification

E) personality traits

Thus, since the individuals involved are not trained, the most important factor to consider is not age, gender, previous service, past job performance, or relevant certification, but <u>E) personality traits.</u>

Learn more about personality traits here: brainly.com/question/10082381

6 0
3 years ago
On an afternoon that a class meets, you could alternatively study for an exam that will take place in another class the next mor
EastWind [94]

Answer:

D) being unable to engage in all three of the above activities.

Explanation:

An opportunity cost is the cost (or lost benefit) of choosing one activity or investment over another. In this case, if the student decides to attend afternoon class, he/she will not be able to benefit from:

  • taking a nap
  • seeing a movie with a friend
  • studying for next morning's test

So all the three activities represent the opportunity cost of attending afternoon class.

4 0
3 years ago
The Pack Company purchased an office building for $9,000,000. The building had an estimated useful life of 40 years and an expec
xz_007 [3.2K]
<h2>Depreciation = Cost Price --Salvage/Useful Life</h2><h2>=9,00,000-1,00,000/40</h2><h2>=8,00,000/40</h2><h2>= 20,000</h2><h2 /><h3>Explanation:</h3><h3>Depreciation is 20,000</h3><h3></h3>

8 0
3 years ago
Global information systems pose challenges because cultural, political, and language diversity magnifies differences in organiza
svp [43]

Answer:

the correct answer is:

Typically, international systems have evolved without a conscious plan. The remedy is to define a small subset of core business processes and focus on building systems to support these processes. Tactically, managers will have to co-opt widely dispersed foreign units to participate in the development and operation of these systems, being careful to maintain overall control.

Explanation:

Companies when crossing national borders also increase the need for information. International organizations that have a centralized management must be aware of what is happening in the world.

Information Systems Directors will be required to have greater involvement in the evolution and operation of technical tasks. Their participation in the company's strategy will increase and they will have to deal with this process, since they will participate in the changes or advances of the business areas. In addition, they will have to face numerous challenges in the coming years, specifically the optimization of ICT processes and the promotion of the use of best practices (ITIL, CMMI ...), the control and application of new collaborative tools, as well as the Infrastructure rationalization. In short, they will lead the leadership in innovation and value creation of the aforementioned new technologies.

8 0
3 years ago
Other questions:
  • A short summary of one's skills, educational background, employment history and accomplishments is a résumé.
    9·2 answers
  • Mark Allen, a Clinical Information Systems Manager at Intermountain Healthcare, must work with others to coordinate communicatio
    6·1 answer
  • True or false? there is overwhelming evidence that interdiction has dramatically reduced the availability of illicit drugs.
    10·1 answer
  • On March 31, Vale Co. had an unadjusted credit balance of $1,000 in its allowance for credit losses. An analysis of Vale’s trade
    7·1 answer
  • The following transactions were completed by The Wild Trout Gallery during the current fiscal year ended December 31:
    15·1 answer
  • Based on this module's readings and your own independent research, develop a listing of what you believe are the most important
    7·1 answer
  • January 1, 2021, Woody Forrest Corporation granted executive stock options to purchase 27,000 of its common shares at $7 each. T
    9·1 answer
  • A manager’s position in the organization, ability to give out rewards, and other factors give the manager ____________, which is
    12·1 answer
  • 1.2 Assume that there are 600 customers in your target area. The average income per annum per customer amount to R12500. You est
    7·1 answer
  • A strategy of spreading investments among different industry sectors is
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!