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3 years ago

The LaGrange Corporation had the following budgeted sales for the first half of the current year:

Business

1 answer:

Oxana [17]3 years ago

3 0

Answer:

$168,250

Explanation:

Total Cash Collection would include cash collected from both Cash Sales and Credit Sales.

<u>Summary for Calculation of January Cash Collected</u>

Cash Sales $60,000

Credit Sales :

For January Sales ($160,000 × 45%) $72,000

For December Sales ($55,000 × 55%) $30,250

For November Sales ($30,000 × 20%) $6,000

Total Collection $168,250

Conclusion :

The total cash collected during January by LaGrange Corporation would be $168,250

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Your company manufactures and sells tennis rackets and would like to start selling outside the United States. You are in charge

RideAnS [48]

Answer:

Germany

Explanation:

Tennis rackets are in a way, a luxury item that is only often bought by people who enjoy a middle-high, or high income. This is because Tennis as a whole tends to be an expensive sport to practice, since most tennis courts are located in private clubs, need to be rented for the practice, and the rest of the equipment associated with the sport: the footwear, and even the clothing, tends to be expensive as well.

For this reason, I would target a high income country first, and the most straightforward proxy to measure the average income of a nation is its GDP Per Capita, which is the GDP divided by the total population of the country.

According to the CIA Factbook, we have the following GDP Per Capita figures for the countries listed:

Brazil: $15,600

China: $18,200

Germany: $53,209

Italy: $38,200

Japan: $42,900

As a result, I would choose Germany, because it has the highest GDP per capita among the lot.

5 0

3 years ago

External equity refers to ________. A. how a job’s pay rate in one company compares to the job’s pay rate in other companies B.

Lerok [7]

Answer: how a job’s pay rate in one company compares to the job’s pay rate in other companies

Explanation: External equity refers to the situation when a company's pay rate differs from the market's pay rate to the employees of the organisation. It is also termed as matching strategy.

It is considered as a major factor in employing and retaining sufficient employees in the organisation. Therefore, lesser the external equity the better it is.

From the above explanation we can conclude that the correct option is A.

4 0

3 years ago

A manufacturing company producing medical devices reported $59 million in sales over the last year. At the end of the same year,

kaheart [24]

Answer:

The inventory TO is 3.6875

Explanation:

$\frac{Sales}{Average Inventory} = $Inventory Turnover$

where:

$$$Average Inventory=(Beginning Inventory + Ending Inventory)/2$

Considering there is not sufficient information to calculate the begining inventory <u>we are going to work only with the ending inventory </u>so:

$\frac{59,000,000}{16,000,000} = 3.6875$

The inventory TO is 3.6875 This means the company sales their inventory almost 4 times per year.

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3 years ago

3. Prepare journal entries to record the machine’s disposal under each separate situation: (a) it is sold for $22,000 cash; (b)

Fofino [41]

Answer and Explanation:

The Journal entries are shown below:-

1. Cash Dr, $22,000

Accumulated depreciation-machine Dr, $148,800

($201,600 - $23,040 ÷ 6 × 5)

Loss on Sale of Machine Dr, $30,800

To Machine $201,600 ($192,000 + $8,000 + $1,600)

(To record Sale of the machine)

2. Cash Dr, $88,000

Accumulated depreciation-machine $148,800

($201,600 - $23,040 ÷ 6 × 5)

To Gain on Sale of Machine $35,200

To Machine $201,600

(Being Sale of the machine is recorded)

3. Cash Dr, $32,500

Accumulated depreciation-machine Dr, $148,800

Loss on disposal of Machine $20,300

To Machine $201,600

(Being Sale of the machine is recorded)

7 0

3 years ago

Nadira stood outside the mall and asked people which stores they visited and if they bought anything. If they said yes, she aske

AlexFokin [52]

Answer: In-depth interview.

Explanation:

Nadira engaged the buyers at the mall in in-depth interview to gather information on the buyers behavior. An in-depth interview is a form of information gathering that involves, a one-on-one interaction between two people, where one person ask some set of questions and the other person offers sincere answers to questions asked.

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3 years ago