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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

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Which program provides lump-sum compensation and health benefits for eligible Department of Energy nuclear weapons workers injur
pickupchik [31]

Answer: Energy Employees Occupational Illness Compensation Program (EECICP)

Explanation:

Much like private companies, the Federal government is also required to insure its workers and this is regulated under the Office of Workers' Compensation Programs (OWCP). There are several compensation programs but the relevant one here is the EECICP.

The EECICP is for federal employees in the Department of Energy as well as agencies related to them. This also includes contractors and subcontractors. Under this program, eligible workers who got injured are entitled to a lump-sum compensation as well as health benefits. If the worker dies as a result of the injuries however, a lump-sum might go to their survivors instead.

8 0
3 years ago
Private placements can be advantageous, compared to public issue, because: I. Private placements are cheaper to market than publ
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Answer:

Private placements

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8 0
2 years ago
Surreal Corp. has borrowed to invest in a project. The loan calls for a payment of $17,500 every month for three years. The lend
Marianna [84]

Answer:

The rate at which to discount the payments to find sum borrowed is 12.68%

Explanation:

The discount rate to be used in computing the sum borrowed can e derived from the effective annual rate formula below:

Effective annual rate = (1 + Quoted interest rate/m)^m - 1

quoted interest rate is 8.40

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effective annual rate=0.12682503=12.68%

7 0
3 years ago
In order to calculate _____ using cost plus markup, a seller needs to know two things the cost of the item in the market.
Dafna11 [192]
I believe it’s selling price
4 0
3 years ago
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In our aggregate expenditure model we assume that:
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Answer:

The correct answer is regarding the model, is that an individual firms prices are flexible but the level of the price is fixed.

Explanation:

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3 years ago
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