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kiruha [24]
2 years ago
6

A firm has forecasted sales of $4,500 in April, $3,000 in May, and $5,000 in June. All sales are on credit. 30% is collected in

the month of the sale, and the remainder in the following month. What will be the balance in accounts receivable at the end of June
Business
1 answer:
8090 [49]2 years ago
8 0

Answer:

$3,500

Explanation:

Calculation to determine What will be the balance in accounts receivable at the end of June

Balance in accounts receivable =June Forecasted sales* (Remaining percentage-Percentage collected)

Let Plug in the formula

Balance in accounts receivable =$5,000*(100%-30%)

Balance in accounts receivable=$5,000*70%

Balance in accounts receivable=$3,500

Therefore the balance in accounts receivable at the end of June will be $3,500

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Sandra, George, Jose, and Antwan are working on a project for a customer that is aimed at cutting the client's utility costs. Th
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Virtual organization

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So, in this case, the workgroup working on e-mail, phone and collaborative computing in order to complete the project. Therefore, it is an example of virtual organization or company.

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2 years ago
On December 30, you decide to make a $2,500 charitable donation. (Assume you itemize your deductions.) (a) If you are in the 24
Crank

Answer:

$600

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7 0
3 years ago
Schultz Industries is considering the purchase of Arras Manufacturing. Arras is currently a supplier for Schultz, and the acquis
Aleksandr [31]

Answer:

$50.67 per share

Explanation:

using the discounted cash flow model, we can determine Arras's total value:

CF₀ = $7.6

CF₁ = $7.98

CF₂ = $8.379

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we must first find the terminal value at year 5 = $9.893734673 / (7% - 2%) = $197.874694

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price per share = $152.004 million / 3 million shares = $50.668 ≈ $50.67 per share

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