1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
gladu [14]
3 years ago
5

Assume a company is preparing a budget for its first two months of operations. During the first and second months it expects cre

dit sales of $48,000 and $76,000, respectively. The company expects to collect 60% of its credit sales in the month of the sale and the remaining 40% in the following month. What is the expected cash collections from credit sales during the first month
Business
1 answer:
Orlov [11]3 years ago
3 0

Answer:

$28,800

Explanation:

Follow the given collection policy :

Cash Collection = 60 % in month of the sale + 40 %  in the following month

<em>therefore,</em>

During the first month :

Cash Collection = 60 % in month of the sale only

                            = $48,000 x 60 %

                            = $28,800

The expected cash collections from credit sales during the first month is $28,800

You might be interested in
Ceramic Customs Co. requires a specific type of ceramic to make custom-made tiles. Since only one supplier makes that particular
kramer

Answer:

a. The supplier has more bargaining power than the firm.

Explanation:

This is an example of one of Porters' five forces. The supplier has a monopoly and thus entertains a high market share. This means that the supplier has more bargaining power than the firm as if the firm wants the ceramic there are no alternative options available for the firm; however, if the firm does not want supplies, the supplier can find plenty of firms that may need the ceramic thus making supplier more powerful than the firm.

Hope that helps.

4 0
3 years ago
Listed here are product costs for the production of soccer balls. Identify each cost (a) as either fixed or variable and (b) as
geniusboy [140]

Answer:

Product Cost Variable Or fixed Direct or indirect

1. Rubber core for soccer ball Variable Direct

2. Thread to hold leather together Variable Indirect

3. Taxes on factory Fixed Indirect

4. Wages on Assembly workers Variable Direct

5. Machinery depreciation Fixed Indirect

6. Annual flat fees paid for office security Fixed Indirect

7. Leather cover for soccer balls Variable

3 0
3 years ago
What is the size of the payments that must be deposited at the beginning of each 6-month period in an account that pays 8.6%, co
Burka [1]

Answer:

The answer is $86,167.57 (to 2 decimal places)

Explanation:

In this question, we are to calculate the present value of a certain amount that is compounded semiannually, and after 10 years, yields a future value of $200,000. To calculate this, we will use the formula for calculating present value as follows:

PV = FV ÷ (1+\frac{r}{n})^{n*t}

where:

PV = present value = ???

FV = future value = $200,000

r = interest rate in decimal = 8.6% = 0.086

n = compounding period pr year = semiannually = 2

t = time of compounding in years = 10

Therefore,

PV = 200,000 ÷ (1+\frac{0.086}{2})^{2*10}

PV = 200,000 ÷ (1.043)^{20} = $86,167.57

3 0
2 years ago
IE 9-2 ... PPF Model – If this economy has encountered a Recovery from Point "R" to Point "X" (as viewed by the Keynesian Model)
DerKrebs [107]

Answer:

Severe Inflation

Above $2.34

Explanation:

If this economy has encountered a Recovery from Point "R" to Point "X" (as viewed by the Keynesian Model), then one Risk is a movement toward Point "P" with severe inflation. The corresponding AS/AD Model would move from a Price Level of $2.00 to above $2.34.

8 0
3 years ago
The Tragedy of the Commons will be evident when a growing number of sheep grazing on the town commons leads to the destruction o
alexdok [17]

Answer:

the answer is C. auction off a limited number of sheep-grazing permits.

Explanation:

7 0
3 years ago
Other questions:
  • The annual percentage rate on a credit card determines _______.
    11·2 answers
  • While viewing a webpage for outdoor gear, Phil noticed a graphic display advertising skateboards at low prices. When he clicked
    14·1 answer
  • After evaluating Null Company’s manufacturing process, management decides to establish standards of 3 hours of direct labor per
    12·1 answer
  • Prepare journal entries for each transaction and identify the financial statement impact of each entry. The financial statements
    13·1 answer
  • Explain how some of the behavioral biases discussed in the chapter might contribute to the successof technical trading rules.
    15·1 answer
  • The _____ was developed to review workforce needs and make recommendations to the federal government to ensure that national pol
    9·1 answer
  • Financing that individuals or institutions have provided to a corporation is: Multiple Choice always classified as a liability.
    12·1 answer
  • Sam and Sally Green have a standard homeowners policy with no endorsements. The dwelling is insured for its full value. Indicate
    14·1 answer
  • What do you think would happen if the Internet shut down or went away? How would it change the way people live their lives? Do y
    8·1 answer
  • The difference between accounting profit and economic profit is.
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!