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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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As a manager, when you provide rewards or reprimand your subordinates, you are practicing transactional leadership. question 35
MissTica

The statement given in the question is (A) True.

Transactional leadership is defined as a leadership style that emphasizes rewards and punishments on behaviors that the followers exhibit. This style of leadership seeks to maintain the status quo.

Its contrast is <em>transformational leadership</em>, where the leader works with teams to problem-solve and bring a vision into reality by directly involving themselves.

5 0
3 years ago
The part of a stock's return that is systematic is a function of which of the following variables?
Shalnov [3]

Answer:

The part of a stock's return that is systematic is a function ofthe following variables:

I. Volatility in excess returns of the stock market

II. The sensitivity of the stock's returns to changes in the stock market

Explanation:

The  Volatility in excess returns of the stock market  and the  The sensitivity of the stock's returns to changes in the stock market represent the part of the stocks return that is systematic

7 0
3 years ago
The December 31, 2018, balance sheet of Whelan, Inc., showed long-term debt of $1,420,000, $144,000 in the common stock account,
mestny [16]

Answer:

$606,000

Explanation:

For the computation of operating cash flow first we need to follow some steps which is shown below:-

Net New borrowing = Long-term Debt, 2019 - Long-term Debt, 2018

= $1,620,000 - $1420,000

= $200,000

Cash flow to creditors = Interest expense - Net new borrowings

= $96,000 - $200,000

= -$104,000

Net new equity = Common stock 2019 + Additional paid in surplus 2019 - Common stock 2018 + Additional paid in surplus 2018

= $154,000 + $2,990,000 - $144,000 - $2,690,000

= $310,000

Cash flow to stockholders = Dividend 2019 - Net new equity

= $149,000 - $310,000

= -$161,000

Cash flow from assets = Cash flow to creditors + Cash flow to stockholders

= -$104,000 + (-$161,000)

= -$265,000

and finally

Operating cash flow = cash flow from assets + Net capital spending + Change in Net working capital

= (-$265,000) + $100,000 + (-$129,000)

= $606,000

5 0
3 years ago
In the state of Florida if you're convicted of reckless driving you'll be assessed how many points
Greeley [361]
In the state of FL you'll be assessed 4 points.
6 0
3 years ago
Read 2 more answers
Widgets Inc. is a vendor who supplies machine parts to an appliance manufacturing company. In return, Widgets Inc. relies on the
WARRIOR [948]

Answer:

external stakeholder

Explanation:

External Stakeholders are the individuals or the groups of the individuals who are outside a particular project or  business, but they can affect or they can be affected by the project or business.

In the case case study, Widgets Inc. acts as a vendor for the appliance manufacturing company by supplying machine parts. Widgets Inc. is outside the appliance manufacturing company but is affected by the company as its revenue depends on the appliance manufacturing company. Thus, Widgets Inc. is an external stakeholder for appliance manufacturing company.

4 0
2 years ago
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