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3 years ago

Sales on account for the first two months of the current year are budgeted as follows:

Business

1 answer:

Gnom [1K]3 years ago

3 0

Answer:

$705,400

Explanation:

Computation for the estimated cash collections on accounts receivable for the month of February.

January sales received in February:

Within discount period $102,900

[ (15%*$700,000) x 0.98]

After discount period $49,000

( 7%* $700,000)

February Sales received in February:

Within discount period $441,000

[(60% * $750,000) x 0.98]

After discount period $112,500

(15% of $750,000)

Estimated cash collections for February $705,400

($102,900+$49,000+$441,000+$112,500)

Therefore the estimated cash collections on accounts receivable for the month of February is $705,400

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Maksim231197 [3]

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2 years ago

Nathan wants to buy a sweatshirt and is trying to determine the better buy. He has a 3030% coupon for the in-store purchase. T

slava [35]

Answer:

It is better online, for 1.1 dollars

Explanation:

Do you understand all the words used in stating the problem?

Yes.

What are you asked to find or show?

The differnece in price bewtween the store T-shirt and the On-line T-shirt

Can you restate the problem in your own words?

Nathan can purchase a Tshirt by $38 with 30% discount or $34 with 25% discount. Which is the cheapest option?

Is there enough information to enable you to find a solution?

Yes, we have the list price for both T-shirt and the discount on each one.

Devise a plan:

Use a formula

list price less discount = net cost

We will calculate the net cost for the T-shirt

in-store purchase scenario

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on-line purchase scenario

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The difference will be:

$26.6 - $25.5 = 1.1 dollar in favor of the online purchase

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3 years ago

Jensen Company has a contribution margin ratio of 45%. This means that its variable costs are 55% of sales. True False

Sergeeva-Olga [200]

Answer:

Jensen company has a contribution margin ratio of 45%. This means that its variable costs are 55% of sales.

This statement is true

Explanation:

Contribution margin ratio is the ratio of contribution to sales. Since the contribution margin ratio is 45%, it implies that variable costs are 55% of sales.

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3 years ago

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Answer:

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Full refunds should also be arranged in order to show the company as been a responsible and trusted corporate citizen.

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2 years ago

40. The Battaglia Co. produces lounge chairs. At a budgeted amount of 10,000 lounge chairs the manufacturing overhead is $50,000

bija089 [108]

Answer:

C. $4,500 favorable

Explanation:

Spending Variance is the difference between the actual and estimated value of the expense. In this question we need to calculate the variance of total manufacturing overhead.

Variable

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Manufacturing overhead application rate = Budgeted overhead / Budgeted units = $50,000 / 10,000 units = $5 per unit

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Total Variance = $10,000 Favorable - $5,500 unfavorable

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3 years ago