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
goblinko [34]
3 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]3 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

You might be interested in
Sheddon Industries produces two products. The products' identified costs are as follows: Product A Product B Direct materials $
bekas [8.4K]

Answer:

The cost per unit for product B is<em> $ 15 per unit</em>

Explanation:

Only Manufacturing Costs are used in Product Costing. Thus to find the Cost Per Unit of Product B, we Prepare a Manufacturing Cost Summary for Product B.

<u>Step 1 Prepare a Manufacturing Cost Summary for Product B</u>

Direct materials                                                                      $ 15,000

Direct labor                                                                             $24,000

Overhead costs($24,000/$36,000) × $54,000                   $36,000

Total Cost for Product B                                                        $75,000

<u>Step 2 Calculate the Cost Per Unit for Product B</u>

Cost Per Unit = Total Cost / Number of Units Produced

                       =  $75,000 / 5,000 units

                       = $ 15 per unit

<u />

3 0
3 years ago
Read 2 more answers
What is fiat​ money?
Neporo4naja [7]

a) - money issued by the financial intermediaries such as banks but not the central bank

4 0
3 years ago
Fiona is a manager at tune in solutions. as a leader, she has complete authority to recruit and lay off employees. she also has
zzz [600]

Answer:

The answer is position power.

Explanation:

Position power refers to a type of power that an individual attains through occupying certain organizational positions or ranks. It is clear from the description in the question that Fiona’s manager position allows her to have the power to recruit, fire, reward, and punish her team members.

3 0
3 years ago
Determine which of the following statements is correct regarding the relationship of ending inventory and beginning inventory.
antiseptic1488 [7]

The ending inventory of the previous period is the beginning inventory of the current period.

Beginning inventory is the amount of a product. A commercial enterprise has in stock at the start of an accounting length which includes a month or 12 months. due to the fact each accounting length connects to the subsequent, the beginning inventory of one length will be similar to the ending inventory of the previous.

Beginning inventory, or opening inventory, is your inventory cost at the beginning of an accounting duration. For that reason, finishing inventory, or last inventory is the cost of the stock at the top of an accounting duration.

Ending inventory is the value of goods nevertheless available for sale and held via a business enterprise at the end of an accounting length. The dollar amount of ending stock may be calculated by the usage of multiple valuation techniques.

Learn more about Beginning inventory here: brainly.com/question/24868116

#SPJ4

6 0
2 years ago
The business case for an ethical strategyA) relates to the company's business model and business-level strategy.B) must be artic
UkoKoshka [18]

Answer:

The correct answer is option D.

Explanation:

The ethical principles in business are not much different from the ethical principle in general. They are not separately based on some other special rules to judge business conduct. They are judged from the society's perspective of right and wrong.

There are two schools of ethical principles, namely, ethical universalism and ethical relativism. Universalism believe that the concept of right and wrong are universal. While, on the other hand, relativism school believes that they vary according to local customs.

Though universal ethical principles from different societies form a kind of informal contract that all individuals and organizations have to follow.

Failure to observe these principles not only corrode company's reputation but have also other adverse effects and costs involved.

6 0
3 years ago
Other questions:
  • Is psychological marketing ethical in your opinion?
    5·1 answer
  • "there is no incentive for firms to enter or exit the industry in the long" run when
    8·1 answer
  • A self motivated employee is one who seems to
    5·1 answer
  • BruceCo is planning on selling backpacks for $100 each. The company can buy the backpacks for $30.00 and have them customized fo
    7·1 answer
  • Jerome, a manager at Welford Nonprofit Group, is known for his selflessness and willingness to give to others. He likes working
    6·2 answers
  • John Taxpayer had a gross income of $2823,08 and $892.34 in deductions, How
    12·1 answer
  • A firm decides to increase output by opening another plant. In doing so their average total cost changed from $50 with one plant
    9·1 answer
  • Prepare the adjusting entry to record bad debts under each separate assumption. Bad debts are estimated to be 1.5% of credit sal
    6·1 answer
  • Consider a coupon bond with $1000 face value, 10% coupon rate, 5 years of maturity selling for $700. The yield to maturity is
    8·1 answer
  • developing a content distribution goal begins with identifying the purpose behind your distribution efforts. which questions can
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!