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
marysya [2.9K]
2 years ago
15

The BRS Corporation makes collections on sales according to the following schedule:

Business
1 answer:
RideAnS [48]2 years ago
5 0

Answer:

$110,300

Explanation:

June collections will comprise of

25% of June sales

71% of May sales

4% of April sales

<u>25% of June sales </u>

=25/100 x 100,000

=$25,000

<u>71% of may sales</u>

=71/100 x $110,00

=$78,100

<u>4% of April sales</u>

=4/100 x $180,000

=$7,200

Total June collections

=$25,000 + $78,100 +$7,200

=$110,300

You might be interested in
Automatic stabilizers refer to:
Aliun [14]

Answer:

B) government spending and taxes that automatically increase or decrease along with the business cycle.

Explanation:

The two most common automatic stabilizers are: income taxes and unemployment benefits.

When the economy is strong, people make more money, and income tax revenue automatically increases.

On the contrary, when the economy is weak, or in recession, people earn less, and more of them are unemployed. Unemployment benefits therefore increase accordingly.

4 0
3 years ago
Kurt's entertainment has a receivables turnover rate of 14.8, a payables turnover rate of 10.4 and an inventory turnover rate of
ruslelena [56]

The firm’s operating cycle is equivalent to the sum of the total number of days of a cycle of the receivables turnover and the inventory turnover.

Receivables turnover = 365 days / 14.8 = 24.66 days

Inventory turnover = 365 days / 22.6 = 16.15 days

Operating cycle = 24.66 days + 16.15 days = 40.81 days

<span>Answer: 40.81 days</span>

3 0
3 years ago
Vern sold his 1964 ford mustang for $55,000 and wants to invest the money to earn him 5.8% interest per year. he will put some o
Allushta [10]

Here you go,

$33,000 in Fund A, $22,000 in Fund B.

7 0
3 years ago
Read 2 more answers
By state law, the local sales tax is fixed at no more than ______ percent of the value of the sale. Multiple choice question.
Anna007 [38]

State law in Texas posits that local sales tax cannot be more than<u> 2%</u> of the value of sale.

<h3>What does Texas state law say?</h3>

Texas state law allows for counties to charge sales taxes on goods and services sold in those areas.

They however limit the amount of taxes that can be paid to 2% so as not to overburden consumers who will have to bear the tax burden.

In conclusion, this is 2%.

Find out more on local sales taxes at brainly.com/question/802898.

3 0
2 years ago
​Lithium, Inc. is considering two mutually exclusive​ projects, A and B. Project A costs​ $95,000 and is expected to generate​ $
Flauer [41]

Answer: The internal rate of return for project A is $26,074.38

Explanation:

Using the formula

R1/(1+K)^1 R2/(1+K)^2+ - - - Rn/(1+K)^n -

C =0

Where C = capital outlay, K=Rate of interest, R=Net cash flow

Given that K=10%, (10/100)=0.1 R1=$65,000, R2=$75,000 C =$95,000

Project A

65,000/(1+0.1)^1 + 75,000/(1+0.1)^2 - 95,000

65,000/(1.1)^1 +75,000/(1.1)^2 - 95,000

59090.91 + 61983.47 - 95,000

121074.38 - 95000

= $26,074.38

Project B

R1=$64,000, R2=$67,000,R3=$56,000, R4=$45,000 C =$120,000

64,000/(1+0.1)^1+ 67,000/(1+0.1)^2+ 56,000/(1+0.1)^3 + 45,000/(1+0.1)^4 - 120,000

64,000/(1.1)^1 + 67,000/(1.1)^2 + 56,000/(1.1)^3 + 45,000/(1.1)^4 - 120,000

58181.82 + 55371.90 + 42073.63 + 30735.61 - 120,000

= 186362.96 - 120,000

= $66,362.96

4 0
3 years ago
Other questions:
  • What is the connection, if any, between comparative advantage (CA) and foreign direct investment (FDI)? Nothing. CA has nothing
    10·1 answer
  • A strategic business unit​ (SBU) of a major corporation has high market share in its​ industry, but the growth rate of the indus
    11·1 answer
  • Cado Co.'s payroll for the month ended January 31 is summarized as follows:Total wages $100,000Amount of wages subject to payrol
    14·1 answer
  • . Mortgage Affordability. Seth and Alexandra Moore of Elk Grove Village, Illinois, have an annual income of $110,000 and want to
    11·1 answer
  • Gideon Company uses the direct write-off method of accounting for uncollectible accounts. On May 3, the Gideon Company wrote off
    15·1 answer
  • A customer invests $100,000 in a real estate limited partnership. In the first year of operations, the investor is allocated $20
    7·1 answer
  • If you were worried about your money being safe from financial disaster in your bank, which new deal program would calm your fea
    12·1 answer
  • Rather than have the top level of management make all the decisions, Jake's company gives all lower-level managers the authority
    9·1 answer
  • Brown Industries has a debt-equity ratio of 1.5. Its WACC is 9.6 percent, and its cost of
    15·1 answer
  • Elaine wants to see her family during the Christmas holiday. Joseph wants to see his family, as well, but does not feel as stron
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!