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
What is the difference between buying shares of stock and buying bonds
Alex73 [517]

Answer:

See explanation section

Explanation:

The difference between buying shares and buying bonds are as follows:

1. Buying stock gives a person to own the company while buying a bond that provides a person to become a debt-holder of the company who can receive interest and get the entire amount in the future.

2. Purchasing stock gives an individual the voting right to elect the board of directors of a company. Buying bonds does not give voting rights to the bondholders.

3. Stock owners can receive the profit in the name of dividends. Bondholders do not receive any profit. Instead, they receive interest annually.

7 0
3 years ago
Nike Inc is one of the world leading atheletic shoes manufacturer. The following activities occurs during the recent year: Purch
Ksenya-84 [330]

Explanation:

The journal entries are shown below:

1. Building A/c Dr $176

  Equipment A/c Dr $270

               To Cash A/c $408

                To Note payable A/c $38

(Being the building and the equipment is purchased for cash and note payable)

2. Cash A/c Dr $345

        To Common stock $240 (120 shares × $2)

        To Additional paid in capital A/c - Common stock A/c $105

(Being the common stock is issued for cash)

3. Retained earnings A/c Dr $145

            To Dividend payable A/c $145

(Being the dividend is declared)

4. Short - term investment A/c Dr $7,616

            To Cash A/c $7,616

(Being the short term investment is purchased for cash)

5. No journal entry is required

6. Cash A/c Dr $4,413

           To Short - term investment A/c $4,413

(Being the short-term investment is purchased)

8 0
3 years ago
Which of the following is an example of a basic requirement for a fulfilling career?
jekas [21]
The best and most correct answer among the choices provided by your question is the fourth choice or letter D.

<span>An example of a basic requirement for a fulfilling career is grabbing opportunities to learn and grow.</span>

I hope my answer has come to your help. Thank you for posting your question here in Brainly. We hope to answer more of your questions and inquiries soon. Have a nice day ahead!
6 0
3 years ago
A party who agrees to act on behalf of another person or party is called a( n ) ________.
IceJOKER [234]
<span>A party who agrees to act on behalf of another person or party is called an agent.</span>
6 0
3 years ago
1. Peter's Audio Shop has a before-tax cost of debt of 7%, a cost of equity of 11%, and a cost of preferred stock of 8%. The fir
tia_tia [17]

Answer:

9.14%

Explanation:

The computation of the weighted average cost of capital is shown below:-

Debt = $500,000 × 1.02

= $0.51 m

Preferred = 40,000 × $34

= $1.36 m

Common = 104,000 × $20

= $2.08 m

Total = $0.51 m + $1.36 m + $2.08 m

= $3.95 m

So, Weighted average cost of capital = ($2.08 ÷ $3.95 m × 0.11) + ($1.36 m ÷ $3.95 m × 0.08) + (($0.51 m ÷ 3.95 m × 0.07 × (1 - 0.34))

= 0.057924 + 0.027544 + 0.005965

= 0.091433

or 9.14%

Therefore for computing the weighted average cost of capital we simply applied the above equation.

7 0
3 years ago
Other questions:
  • Suppose that a manufacturer needs to produce a custom aluminum housing for a special customer order. Because it currently does n
    10·1 answer
  • Dan​ Jacobs, production manager for​ GreenLife, invested in​ computer-controlled production machinery last year. He purchased th
    11·1 answer
  • To take into consideration demand uncertainty in reorder point (R) calculations, what do we add to the product of the average da
    14·1 answer
  • What do analysts and briefers use to alert policymakers to the level of confidence they have in their judgments, based on the av
    7·1 answer
  • The human resource management discipline that covers all of the things that need to happen to get people interested in working f
    11·2 answers
  • The owner of a company that makes souvenir T-shirts produces them at $2 each. He sells them for $5 each and tourists have been b
    9·1 answer
  • Her neighbor could not afford to repair the roof on her house, so tijuana secretly hired and paid for a contractor to repair the
    15·1 answer
  • Suppose a country has a money demand function ( M/P )^d = kY , where k is a constant parameter. The money supply grows by 12 per
    7·1 answer
  • If you are an equity investor how do you make money from your investment?
    15·1 answer
  • Broker Janet just finished a direct e-mailing campaign. How should Janet follow-up on direct e-mail advertising?
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!