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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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So also, the decision had huge important consequences for the company: Picking the wrong CEO could be very costly and may lead to it winding up.

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3 years ago
Assume the following information for Thomas Company:
zubka84 [21]

Well if you want to know that you have to do this:

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Margin per chair = $80

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Multiply: 80 x 2 = 160

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Contribution Margin: $170

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Hope this helps XD

6 0
4 years ago
The symmetrical design of the building that we know as the taj mahal carries associations of
Finger [1]
The answer to this question is: <span>beauty and stability
the symmetrical design on this building creates  a fancy and elegant look from the Taj mahal.
The design somehow conveys that a very important person once live on that site and the building was created to make all citizens feel awed</span>
4 0
3 years ago
abares Corporation had these transactions during 2020. Indicate whether each transaction is an operating activity, investing act
scZoUnD [109]

Answer:

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Explanation:

The Cash flows related to raising of capital is known as Cash flow from Financing Activities.

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7 0
3 years ago
In the context of marketing mix, localization can be adopted by:
defon

Answer:

d. selling products that appear to be locally adapted.

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