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goblinko [34]
2 years ago
15

The Gardner Company expects sales for October of $247,000. Experience suggests that 40% of sales are for cash and 60% are on cre

dit. The company collects 50% of its credit sales in the month of sale and 50% in the month following sale. Budgeted Accounts Receivable on September 30 is $67,500. What is the amount of cash expected to be collected in October
Business
1 answer:
LenKa [72]2 years ago
6 0

Answer: $74100

Explanation:

Based on the information given, the amount of cash expected to be collected in October will be calculated thus:

October, credit sales will be:

= 60% x $247000

= $148200

Since the amount that'll be collected in October will be 50% of the credit sales. This will be:

= 50% × $148200

= $74100

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At the beginning of the year, manufacturing overhead for the year was estimated to be $859,200. At the end of the year, actual d
BaLLatris [955]

Answer:

estimated direct labor hours= 35,800

Explanation:

Giving the following information:

The estimated manufacturing overhead= $859,200

The actual direct labor-hours= 36,300 hours

The actual manufacturing overhead= $830,000

Manufacturing overhead for the year was overapplied by $41,200

T<u>o calculate the estimated direct labor-hours, we need to reverse engineer the allocated overhead process.</u>

Under/over applied overhead= real overhead - allocated overhead

-41,200= 830,000 - allocated overhead

allocated overhead= 871,200

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

871,200= Estimated manufacturing overhead rate*36,300

Estimated manufacturing overhead rate= $24 per direct labor hour

<u>Finally, the estimated direct labor hours:</u>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

24= 859,200/estimated direct labor hours

estimated direct labor hours= 859,200/24

estimated direct labor hours= 35,800

8 0
3 years ago
Microeconomics Test 1 Study Guide Chapter 1 1. Define Economics 2. Define the Scarcity Principle 3. Define the Cost-Benefit Prin
ZanzabumX [31]

Explanation:

  1. Economics can be defined as the study of how limited resources can be used to satisfy unlimited wants and needs.  
  2. Scarcity principle can be defined as a theory which high demand for good accompanied with limited supply leads to a mismatch between equilibrium demand and desired supply.
  3. The cost-benefit principle is a method to analyze economic decisions. A decision cannot be taken up if the cost is higher than the benefit.  
  4. Janie can earn $30 if she mows the lawn and $45 if she washes clothes. The opportunity cost is the same for both. She should choose to wash clothes because it generates more economic surplus.
7 0
3 years ago
What activities is a recent trend that may demonstrate employees taking responsibility for their own careers?
olga2289 [7]

Answer:

Following are the activities in recent trend that may demonstrate employees taking responsibility for their own careers

1. An employee may show seriousness towards his/her professional studies as the employee wants to grow.

2. An employee might show devotion towards adopting a new skill specially IT skill.

3. In today's world many of the work is done project basis, hence an employee may show devotion to complete the project on or before deadline.

7 0
3 years ago
______ are responsible for supervising frontline employees and carry out day-to-day activities within departments.
ArbitrLikvidat [17]

<u>First-line managers</u> are responsible for supervising frontline employees and carrying out day-to-day activities within departments.

Managers use the tactical plan to outline what different parts of the organization need to do in order for the organization to be successful within a year. , is created in the field of the facility.

Managers determine what different parts of the organization need to do in order for the organization to be successful in the near future (within a year). For example, a large bakery's marketing strategy might be an e-commerce solution aimed at customers such as restaurants.

conceptual skills. These skills represent a manager's ability to organize and analyze information to improve organizational performance. This includes the ability to see the organization as a whole and understand how the various parts fit together to function as an integrated unit.

Learn more about supervising here brainly.com/question/1088493

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3 0
1 year ago
In the management assistance area, the Small Business Administration (SBA) provides all of the following EXCEPT: Group of answer
polet [3.4K]

Answer: Free college credit courses in management

Explanation:

The Small Business Administration (SBA) is a Federal government agency that aims to help small businesses and entrepreneurs by providing them with resources to make them grow.

They have toll-free phone numbers that entrepreneurs and small businesses can call for advice, they have trading training programs and business development offices who offer advice and counsel on business techniques and they even free publications on business topics.

They do not however offer free college credit courses in management.

4 0
3 years ago
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