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ollegr [7]
2 years ago
6

Fortune Inc. has budgeted sales for June and July at $680,000 and $720,000, respectively. Sales are 80% credit, of which 70% is

collected in the month of sale and 30% is collected in the following month. What is the accounts receivable balance on July 31?
Business
1 answer:
Marat540 [252]2 years ago
8 0

Answer: $172,800

Explanation:

Accounts receivable balance records those who still owe the company.

July accounts receivable balance = 30% of credit sales in July.

Credit sales in July = 80% * 720,000

= $576,000

Accounts receivable at end of July = 576,000 * 30%

= $172,800

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You can ready yourself for an interview by:
Ierofanga [76]

The correct answer is D. All of the above

Explanation:

Preparing for an interview implies as a candidate for a job knowing beforehand how to answer and behave during the interview. One of the best ways to achieve this is to prepare answers to typical questions because, in this way, your answers will be coherent, complete and you will show confidence when answering.

Besides this, you can conduct a practice interview or recreate the interview; this will help you to practice how to talk, introduce yourself, or behave during the interview.

Moreover, to be ready for the interview you should be well informed about the company because it is common some interview questions are related to the company goals or expectations of an employee, and in this way, you can answer appropriately and show your interest in working in the company.

4 0
2 years ago
"Cincinnati Supply, Co. is a local supplier to the Kraft Heinz Company, which is the third-largest food and beverage company in
ASHA 777 [7]

Answer:

Annual depreciation= $5,000

Explanation:

Giving the following information:

Purchasing price= $33,000

Salvage value= $3,000

Useful life= 6 years

To calculate the depreciation expense under the straight-line method, we need to use the following formula:

Annual depreciation= (original cost - salvage value)/estimated life (years)

Annual depreciation= (33,000 - 3,000)/6

Annual depreciation= $5,000

7 0
3 years ago
Among the advantages of corporations are the ease of raising financial capital, professional management, and
aalyn [17]
I think the most appropriate answer would be B.


I hope it helped you!
8 0
3 years ago
If a store adds 50 chairs to its current inventory, the total number of chairs will be the same as three-halves the current inve
max2010maxim [7]
To answer this item, we let x be the current number of chairs. After adding 50 chairs to the current inventory, the total number of chairs would then be equal to x + 50. The equation that would allow us to determine the value of x is written below.

     x + 50 = (3/2)(x)

Simplifying the equation,
   x + 50 = 3x/2
  x - 3x/2 = -50
   -x/2 = -50

Dividing both sides of the equation by -1/2, the value of x is equal to 100. 

To increase the inventory by 40%, the equation would be,
    y = x(1.4) = 1.4(100) = 140

<em>ANSWER: 140 chairs</em>
8 0
3 years ago
The Cole Beverage Company (CBC) has a soft drink product that has a constant annual demand of 3,600 cases per year. A case of th
skad [1K]

Answer:

a. 480

Explanation:

The computation of the economic order quantity is given below:

EOQ = \sqrt{\frac{2\times annual \ demand \times ordering\ cost }{carrying \ cost}}  \\\\= \sqrt{\frac{2\times 3600\times \$32}{\$1} }

= 480 units

The carrying cost could be determined below:

= $4 × 25%

= $1

hence, the carrying cost is $1

Therefore the economic order quantity is 480

Thus, the correct option is a.

7 0
2 years ago
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