Answer:
Total cash collection= $53,000
Explanation:
Giving the following information:
Sales:
February $60,000
March $50,000.
Cash:
40% of the sales are in cash.
Credit sales:
50% in the month of sale
50% in the next month
<u>Cash receipts March:</u>
Sales in cash March= (50,000*0.4)= 20,000
Sales on account March= (50,000*0.6)*0.5= 15,000
Sales on Account February= (60,000*0.6)*0.5= 18,000
Total cash collection= $53,000
<u>Full question:</u>
Joel and Mike would like to start a new business selling a product new to the U.S., the Peraves Monotracer. Joel and Mike have done a considerable amount of research on this product, and think it would be successful in the U.S. However, they are still concerned about the risk of a new venture and both would like to avoid losing any personal assets. They should organize their firm as a
Multiple Choice
corporation.
limited partnership.
general partnership.
sole proprietorship.
<u>Answer:</u>
They should organize their firm as a
corporation.
<u>Explanation:</u>
A corporation is a kind of business process that represents the business as a separate, legitimate entity managed by a group of directors identified as the board of directors.
An essential component of a corporation is confined liability, which indicates that shareholders may practice share in the profits by dividends and stock recognition but are not individually responsible for the company's shares. A corporation's purposes can be for-profit or not, as with donations. Still, the huge preponderance of corporations intends to afford a return for its shareholders.
Answer: Information acquired is extremely vivid.
Explanation: Consumer learning involves consumers acquiring knowledge about a product consciously or unconsciously which directly affects their view of the product.
Since the knowledge gotten about the product is directly gained by the consumer, it creates a clear and lasting impression on them.
Answer:
Market penetration.
Explanation:
Market penetration is one of the strategies used by marketers to gain market share and increase sales volume. This strategy has been used to sell existing goods and services of the company to the existing market or new market by using a different technique and schemes like discounts, bundling of products, offers, etc to improve sales volume and get a competitive advantage. It is measured by the volume of goods and services been used by the consumer in comparison to other competitor and it´s a share in the total market.
Days of sales outstanding = 40.29 days
365 x Account receivable/Net sales
= 365 × 3400/30800 = 40.29 days
Net sales is the sum of a company's gross sales minus returns, rebates, and rebates. Calculating net sales is not always transparent to the outside world.
Gross sales do not include deductions, but net sales include all expenses incurred during the sales process.
In business and accounting, net income is a company's income less the cost of sales, expenses, depreciation, interest, and taxes for the accounting period.
Learn more about Net sales here: brainly.com/question/25623677
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