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ipn [44]
3 years ago
10

All of Gaylord Corporation's sales are on account. Thirty-five percent of the sales on account are collected in the month of sal

e, 45% in the month following sale, and the remainder are collected in the second month following sale. The following are budgeted sales data for the company: JanuaryFebruaryMarchApril Total sales$50,000$60,000$40,000$30,000 What is the amount of cash that should be collected in March
Business
1 answer:
solmaris [256]3 years ago
7 0

Answer: $51,000

Explanation:

Thirty-five percent of the sales on account are collected in the month of sale, 45% in the month following sale, and the remainder are collected in the second month following sale.

In March therefore, the cashflow will consist of;

35% of March sales

45% of February sales

20% of January sales

= (35% * 40,000) + (45% * 60,000) + (20% * 50,000)

= 14,000 + 27,000 + 10,000

= $51,000

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Postaudits of capital projects are useful because a.they are not very costly. b.they have no significant limitations. c.the assu
prohojiy [21]

Answer:

Explanation:

Very simple because they are not very expensive because the information is already in the system or we already have the results of the investment, it has no specific limitations because the information is already available for analysis.

In addition, the assumptions underlying the original analyzes are often invalid due to changes in the real work environment. This means that many times an investment is made for different purposes, however on the way we realize that these objectives can change Due to the fact that due to economic factors due to internal and external factors of the company, there may be changes in what our initial budget was, so it is important to review the assumptions once we have finished our project.

And finally it is important that you guarantee the resources that you will use wisely because the idea of ​​making an investment a capital project, is the return of the sea investment adequate therefore, every Penny that we apply in the project has a meaning or A relevance in our operations.

7 0
3 years ago
Linke Motors has a beta of 1.30, the T-bill rate is 6.5%. The annual return on the stock market during the past 3 years was 15.0
Bess [88]

Answer: 14.95%

Explanation:

The firm required return is;

= Risk free rate + beta * (Market return - RIsk free rate)

= 6.5% + 1.30 * ( 13% - 6.5%)

= 14.95%

<em>It is better to use the estimated future return. </em>

5 0
3 years ago
The accounts listed below appeared in the December 31 trial balance of the Savard Theater.
ioda

Answer:

Adjusting journal entries

a) 1 . Debit Depreciation $10500 Credit Accumulated depreciation $10500.

2 . Debit interest expense  $40 , Credit Bank $40

3 . Debit Admission revenue $ 60000, Credit Unearned admission revenue $60000

4. Debit Prepaid expense $1100 , Credit Advertising expense $1100

5. Debit salary $4700, Credit Salary payable ( accrued salary) $4700

Explanation:

Depreciation = (cost - salvage value)/ useful life

it is said that the equipment has a useful life of 16 years at that date (31 Dec) and depreciation needs to be adjusted for the year. Even even that $192000 is Carrying amount it is not depreciable amount we still need to subtract the salvage value hence (192000- 24000)/16 = $10500 Depreciation

interest expense = 90000*8%*72/360 = $1440

The 72 days numerator is arrived at by adding the remaining 11 days in Oct plus full 30 days Nov plus full 31 days Dec. $1400 of interest has already been recorded so in adjusting to the total of $1440 we need to record $40 of interest.

december coupon = 2000*$30 =$60000

if the coupon admission book revenue for december is not included in the trial balance then its journal entry is debit bank $60000 credit unearned revenue $60000

3 0
3 years ago
Maria has a balance of $4,500 on her credit card with a 22% interest rate. How long will it take her balance to double?
Makovka662 [10]

The time required from simple interest on a principal of $4,500.00 at an interest rate of 22% per year is 4.55 years (about 4 years 7 months).

<h3>Simple Interest</h3>

Given Data

  • Principal =  $4,500
  • Interest = 22%
  • Final Amount = $4,500*2 = $9,000

Equation:

t = (1/r)(A/P - 1)

Calculation:

First, converting R percent to r a decimal

r = R/100 = 22%/100 = 0.22 per year,

then, solving our equation

t = (1/0.22)((9000/4500) - 1) = 4.55

t = 4.55 years

Learn more about Simple Interest Here:

brainly.com/question/723406

3 0
2 years ago
Price floors and price supports set a minimum price below which a good or service cannot be sold. Minimum wage laws and agricult
Sergeu [11.5K]

Answer:

C. A surplus of agricultural goods

Explanation:

Un-intervened markets are at equilibrium where Market Demand = Market Supply. Market Supply curve is upward sloping, due to price - supply direct relationship. Market demand curve is downward sloping, due to price - demand inverse relationship. Both curves intersect at equilibrium.

Price floor is minimum mandated price by government, below which a good cant be sold in the markets. It is usually set above market price, to protect the interest of sellers. Eg : Minimum Support price, of agricultural goods, set for protecting interests of sellers (farmers) from volatile prices.

This mandate set artificially high price : leads to supply being more than demand, as supply is directly & demand is inversely related to price. So, supply > demand implies that agricultural goods are at surplus in markets.

7 0
3 years ago
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