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dedylja [7]
3 years ago
9

Wallace Publishers Inc. collects 50% of its sales on account in the month of the sale and 50% in the month following the sale. I

f sales on account are budgeted to be $380,000 for April and $334,000 for May, what are the budgeted cash receipts from sales on account for May
Business
1 answer:
Taya2010 [7]3 years ago
4 0

Answer:

Total cash collection may= $362,000

Explanation:

Giving the following information:

Wallace Publishers Inc. collects 50% of its sales on account in the month of the sale and 50% in the month following the sale.

Sales on account:

April=  $380,000

May= $334,000

<u>Cash collection May:</u>

Sales on account from May= 344,000*0.5= 172,000

Sales on account from April= 380,000*0.5= 190,000

Total cash collection may= $362,000

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The demand for this type of good rises when income falls and falls when
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o inferior

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The following information pertains to Crane Company. 1. Cash balance per bank, July 31, $9,222. 2. July bank service charge not
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The preparation of bank reconciliation is presented below:

                                        Crane Company

                          Bank reconciliation statement  

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Bank cash balance     $9,222   Company cash balance  $9,328

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When Bonita put together a research report for her company, what would she have included in the references section?
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In a typical research report, the items that are included in the references section are:

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<h3>What is the purpose of references in research report?</h3>

Generally, a reference is the way of giving credit to the writers from whom you have borrowed words and ideas, so, by citing the work of a particular scholar, you acknowledge and respect the intellectual property rights of that researcher.

As an academic, we  can draw on any of the millions of ideas, insights and arguments published by other writers, many of whom have spent years researching and writing. All we need to do is acknowledge their contribution to your assignment.

So, by referencing, this allows you to acknowledge the contribution of other writers and researchers in your work. All of the university assignments that draw on the ideas, words or research of other writers must contain citations.

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