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ss7ja [257]
3 years ago
12

Frank's sporting goods projects sales for the second quarter of 2021 to be as follows: April $250,000 May $300,000 June $380,000

All of Frank's sales are on credit, 45% of credit sales are collected one month following the sale and the rest are collected two months following the sale. January sales were $150,000, February sales were $180,000, and March sales were $280,000. What are the total cash receipts in the month of May
Business
1 answer:
fomenos3 years ago
8 0

Answer:i would tell you to look on a the brainly app lol

Explanation:

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A company had sales of $500,000 in 1996 and sales of $720,000 in 1998. Use the midpoint formula to find the company's sales in 1
rjkz [21]

Answer:

$610,000

Explanation:

According to the midpoint value, we have to find out the mid value of two amount.

As in the question, the sales for 1996 and the sales for 1998 are given and we have to find out the sales for 1997

So, by using the mid point formula approach, the sales for 1997 is

= (1996 sales + 1998 sales) ÷ (Number of years)

= ($500,000 + $720,000) ÷ (2 years)

= ($1,220,000) ÷ (2 years)

= $610,000

Therefore, the estimated sales value of the company for year 1997 is $610,000

3 0
3 years ago
An import​ quota: A. Is always more costly to a country than an import tariff. B. Has the same effects on welfare as an import t
Ivahew [28]

Answer:

D. Generates rents that might go to foreigners.

Explanation:

An import quota is the trade restriction imposed by the government on the quantity of the particular commodity to be imported from another country. It protects domestic producers from foreign competition. Overseas goods are generally very cheap compared to locally produced goods, which can destroy a business from the market and can make foreign companies be the leader of the market, who can control the price and quality of the product. Therefore, it very helpful to the local producer in sustaining and generating profit in the market.

3 0
3 years ago
A special tax was levied by Downtown City to retire and pay interest on general obligation bonds that were issued to finance the
jonny [76]

Answer:

C. Debt Service Fund.

Explanation:

Dept service funds can be described as monies or reserves which are been used to pay for capitals, interest and certain dept that have accrued by the company and it can cover for any other form of dept owed by the company.

It's existence is put in place to reduce the risk of a debt security for future investors. This can be paid out monthly mid-monthly, quarterly or possibly yearly.

This why the tax on general obligation bonds that has been put upon Downtown city to finance the hall has it receipts in place at the dept service fund office.

5 0
3 years ago
A new competitor enters the industry and competes with a second​ firm, which had been a monopolist. the second firm finds that a
olganol [36]
The second firm finds that though demand is not perfectly elastic, it is now comparatively more elastic. The second firm marginal revenue will be more elastic and its profit maximizing price will be lower. A monopolist probably also considers in policies that indulgence monopolies since it gives them greater power. A monopolist has slight incentive to progress their product because customers have no replacements. Instead, the motivation is dedicated on defending the monopoly.
3 0
3 years ago
Sales of hot dogs at the corner of 24th and Lex. follow the following patterns: 40% of the days, 80 are sold; 50% of the days, 9
Korvikt [17]

Answer: 90%

Explanation:

Cycle Service Level refers to the expected probability by which a manufacturer meets the demand for a particular product and is not being stockout.

In this case,

40% of the days, 80 are sold;

50% of the days, 90 are sold

10% of the days; 100 are sold.

Since the vendor plans to stock 90 each day, then the vendor will meet demand during 40% of the days, when 80 are sold; and during 50% of the days, when 90 are sold.

Therefore, the expected CSL is the vendor targeting will be:

= 40% + 50%

= 90%

5 0
3 years ago
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