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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 of the following items represents a document that includes detailed information on when an incident was detected, how impa
Delicious77 [7]

Answer:

D) Lessons learnt report is the correct option.

Explanation:

It is a report performed when a project is concluded. The purpose is to determine and analyze elements of the project which were successful and which were not. They are also known as project post more terms and are aimed at informing process improvements that can mitigate future risks and promote best practices. These reports are considered a key component of effective risk management.

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3 years ago
He vertical hierarchy is also known as _____.
wolverine [178]
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3 0
3 years ago
Carson Company purchased a depreciable asset for $560,000. The estimated salvage value is $28,000, and the estimated useful life
LenaWriter [7]

Answer:

$79,800

Explanation:

Depreciation expense using the activity method = (actual hours of use in a given period / total estimated hours of use ) × ( Cost of asset - Salvage value)

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I hope my answer helps you.

5 0
3 years ago
Consider the following financial statement information for the Sourstone Corporation:
DENIUS [597]

Answer:

A. 56.32 days

B. 40.38 days

Explanation:

The Operating cycle is the Inventory period + AR period

Inventory period= 365/(Cost of goods sold/Average inventory)

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

Accounts Receivable period= 365/(Credit Sales/Average Accounts Receivable )

Average Accounts Receivable= (Beginning Accounts Receivable + Ending Inventory Accounts Receivable)/2

Calculated Inventory period= 42.58 days

Calculated Accounts Receivable period= 13.74 days

The Cash cycle is also called the Net Operating cycle which is the Inventory period + Accounts Receivable period- Accounts Payable period

Accounts Payable period= 365/(Cost of goods sold/Average Accounts Payable)

Average Accounts Payable = (Beginning Accounts Payables + Ending Inventory Accounts Payable)/2

Calculated Accounts Payable period= 15.94 days

5 0
3 years ago
What role can the private sector play in poverty alleviation?
cupoosta [38]

Through employment and engaging communities thru comprehensive business models, the private sector can play a significant role in poverty alleviation.

 

As it brings community members into the value chain thus making it a more sustainable relationship, this approach is makes it different from just social corporate responsibility.

4 0
3 years ago
Read 2 more answers
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