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
kati45 [8]
3 years ago
6

Swifty Corporation has the following budgeted sales: January $30000, February $90000, and March $50000. 40% of the sales are for

cash and 60% are on credit. For the credit sales, 50% are collected in the month of sale, and 50% the next month. The total expected cash receipts during March are:
Business
1 answer:
klasskru [66]3 years ago
4 0

Answer:

Total cash collection= $62,000

Explanation:

Giving the following information:

40% of the sales are for cash and 60% are on credit. For the credit sales, 50% are collected in the month of sale, and 50% the next month.

Sales:

January $30000

February $90000

March $50000

<u>Cash collection March:</u>

Sales in account February= (90,000*0.6)*0.5= 27,000

Sales in account March= (50,000*0.6)*0.5= 15,000

Sales in cash March= (50,000*0.4)= 20,000

Total cash collection= $62,000

You might be interested in
Marigold Corp. purchased a truck at the beginning of 2020 for $109700. The truck is estimated to have a salvage value of $4200 a
jeka57 [31]

Answer:

the depreciation expense of the year 2020 is $18,870

Explanation:

The computation of the depreciation expense of the year 2020 is as follows:

= (Truck value - salvage value) ÷ (useful life) × (driven miles)

= ($109,700 - $4,200) ÷ (123,000 miles) × (22,000 miles)

= $18,870

Hence, the depreciation expense of the year 2020 is $18,870

6 0
3 years ago
Cassandra's Boutique has 2,100 shares outstanding at a market price per share of $26. Sally's has 3,000 shares outstanding at a
Schach [20]

Answer:

E. $60,500

Explanation:

The value of Cassandra's Boutique to Sally's = Cash paid for the acquisition + Incremental cost = $58,000 + $2,500 =  $60,500

Therefore, the value of Cassandra's Boutique to Sally's is $60,500.

7 0
3 years ago
You own one call option with an exercise price of $30 on Nadia stock. This stock is currently selling for $27.80 a share but is
Shalnov [3]

Answer: 0.755

Explanation:

From the information given, the current per share value of the option if it expires in one year will be calculated as follows:

Firstly, we calculate the present value which will be:

= $28 / ( 1 + 0.05 )

= $28/1.05

= $26.667

The number of options needed will be:

= ( 34 - 28 )/ ( 4-0)

= 6/4

= 1.5

Therefore,

27.80 = (1.5 x Co) + [28 / (1+0.05)]

27.80 = 1.5Co + (28/1.05)

27.80 = 1.5Co + 26.667

1.5Co = 28.0 - 26.667

1.5Co = 1.1333

Co = 0.755

Therefore, the answer is 0.755

5 0
3 years ago
Zack received a gift of stock from his uncle on June 20 of the current year. Zack's uncle had a basis in the stock of $4,000, bu
DiKsa [7]

Answer:

$4,000

Explanation:

7 0
3 years ago
Read 2 more answers
17. managers apply program management principles to ensure that programs and their components are appropriately planned, control
strojnjashka [21]

The correct answers to the given questions are given below:

  1. Operations
  2. Competing
  3. Direct reporting stakeholders
  4. Only virtual meetings
  5. Program Stakeholder Engagement
  6. Appetite
  7. Organizational project management
  8. Are only one part of
  9. Benefits management plan
  10. Governance complexity
  11. Formulation
  12. Risk
  13. Discussion
  14. Program
<h3>What is Risk Appetite?</h3>

This refers to the risk capacity of a company with regards to the maximum risk which it is ready to accommodate in the production process

Read more about risk appetite here:
brainly.com/question/25658781

4 0
2 years ago
Other questions:
  • The two major steps in preparing for a sales presentation are a. prospecting and practicing. b. advertising and practicing. c. e
    12·1 answer
  • El Salvador has a population density of about 620 people per square mile and neighboring Honduras a population density of about
    10·1 answer
  • Two sporting goods stores have similar annual net sales. if one store sells mostly high-quality goods and the other store sells
    8·1 answer
  • The two fundamental sources of marketing research problems are a. ineffective advertising and change. b. poor sales and ineffect
    13·1 answer
  • James was a partner in a large firm. He died unexpectedly. His son, Frank, wanted to take over for his father in the partnership
    6·1 answer
  • A sporting goods store purchased $10,150 worth of ski boots in October. The store had $4,350 of ski boots in inventory at the be
    9·1 answer
  • 3. Why are many resources allocated through markets?
    7·1 answer
  • A supervisor rewards a restaurant employee for cleaning the bathrooms by allowing the employee to stock the salad bar. ______ wo
    15·1 answer
  • Find the APR, or stated rate, in each of the following cases (Do not round intermediate calculations. Enter your answers as a pe
    9·1 answer
  • which can cause a shift in the demand curve? a change in the price of a good the cost of production the technology used by firms
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!