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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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Answer:

B. Consider an outright acquisition.

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3 years ago
The stockholders' equity section of the balance sheet for Potawatomi Corporation appeared as follows before its recent stock div
adell [148]

Answer:

Common stock = $110,000

Additional paid-in capital  = $130,000

Retained earnings = $170,000

Explanation:

Computation of the given data are as follows:

Common stock after issuing stock dividend = $100,000 + ( 10,000 ×10% × $10)

= $100,000 + 10,000 = $110,000

Additional paid-in capital after issuing stock dividend = 120,000 +  ( 10,000 ×10% × $10)

= 120,000 + 10,000 = $130,000

Retained earnings after issuing stock dividend = 150,000 +  ( 10,000 ×10% × $20)

= 150,000 + 20,000 = $170,000

7 0
3 years ago
A content analysis of an organization's messages, readability studies, and readership surveys are all tools used to conduct a(n)
olganol [36]

A content analysis of an organization's messages, readability studies, and readership surveys are all tools used to conduct a(n) communications audit.

The destiny price represents the anticipated worth of an unmarried quantity, while the prevailing value represents the present day well worth. is the discounted value of a chain of consecutive destiny payments of equal quantity.

The future fee of a single quantity is equal to the quantity we store or make investments nowadays, the present value of an item, and such multiplied by one plus the hobby charge to the nth strength, where n is the range of compounding durations we maintain that precept within the bank or the number of periods that we make investments the money.

Some of the maxima typically used PR gear consist of press releases, information conferences, and publicity. Sponsorships, product placements, and social media additionally generate a number of positive.

Present value = Factor x Accumulated amount

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7 0
1 year ago
Rory Company has a machine with a book value of $75,000 and a remaining five-year useful life. A new machine is available at a c
Alborosie

Answer: $7,500

Explanation:

In calculating the Incremental income we will add the amount of variable Manufacturing costs Rory Company will save as well as the income they will get from selling the old machine and then subtract the cost price of the new machine.

Starting off we will calculate the amount of savings they will make by using the new machine,

= $12,000 x 5 years

= $60,000

Calculating the Incremental income therefore we have,

= 60,000 + 60,000(from selling old machine) - 112,500 (cost of new machine)

= $7,500

The incremental income of buying the new machine is $7,500.

If you need any clarification do comment.

5 0
3 years ago
The basic laws of forecasting help to avoid misapplication or misrepresentation of forecast results. Law 3 states, __________. M
pav-90 [236]

Answer:

C.

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It is important to forecast because:

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There are types of forecast

Demand, depend on the firm level or the market level.

Supply, depend on number of current producers and suppliers, projected aggregate supply levels, and technological and political trends.

Price, depend on cost of supplies and services, market price for firm´s product or service.

There are 4 laws of forecasting, that help to avoid misapplication or misrepresentation of forecast results:

1-Forecast are almost always wrong by some amount (but they are still useful). Even under the best of conditions, no forecasting approach can predict the exact level of future demand, supply, or price.

2-Forecast for the near term tend to be more accurate. This law recognizes that in the near term, the factors that affect the forecast variable are not likely to change greatly.

3-Forecast for group of products or services tend to be more accurate. Many businesses have found that it is easier and more accurate to forecast for groups of products or services than it is to forecast for specific ones.

4-Forecast are no substitute for calculated values.

3 0
3 years ago
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