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3 years ago

Shalimar Company manufactures and sells industrial products. For next year, Shalimar has budgeted the following sales:

Business

1 answer:

nikitadnepr [17]3 years ago

8 0

Answer:

Shalimar Company

Cash Sales and Credit Sales:

a) Last two quarters of the current year:

Current Year Quarter 3 Quarter 4

Budgeted Sales $4,900,000 $6,850,000

Cash (10%) 490,000 685,000

Credit (90%) 4,410,000 6,165,000

b) Each quarter of the next year:

Quarter 1 Quarter 2 Quarter 3 Quarter 4

Budgeted

Sales $4,600,000 $5,100,000 $5,000,000 $7,600,000

Cash (10%) 460,000 510,000 500,000 760,000

Credit

Sales (90%) 4,140,000 4,590,000 4,500,000 6,840,000

Explanation:

a) Data and Calculations:

Quarter 1 Quarter 2 Quarter 3 Quarter 4

Budgeted

Sales $4,600,000 $5,100,000 $5,000,000 $7,600,000

Cash (10%) 460,000 510,000 500,000 760,000

Credit

Sales (90%) 4,140,000 4,590,000 4,500,000 6,840,000

Current Year Quarter 3 Quarter 4

Budgeted Sales $4,900,000 $6,850,000

Cash (10%) 490,000 685,000

Credit (90%) 4,410,000 6,165,000

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2 years ago

If a speech consists of a story or series of short stories, which pattern of organization is the speaker using

Liono4ka [1.6K]

The pattern that is being referred to above is called the NARRATIVE PATTERN. If a speech contains a story or a series of short stories in it, and only includes a vivid imagery, the setting, plot and characters, then this would fall in the narrative pattern. Narrative means to narrate or to tell something according to the other of when it happened.

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3 years ago

which are characteristics for all careers in the stem career cluster? select all that apply. a. good with customers b. work in l

mestny [16]

I got B, C and D.

Let's go through the process of elimination and my explanation for my answers.

First A, with Stem you don't need to work good with customers because you are doing science, math, technology etc. Working good with customers wouldn't need to be a requirement. B. You will need to know how to work in laboratories, especially if you're going to be in science. Science stem usually has laboratories for scientists to do there discoverys on. C. Technology can be another job for stem careers, they can learn how to code and do other technology stuff. That would be a requirement while working for a Technology career in stem. D. Let's say you were working for a science career, you would need to analyze data to get accurate data stets. It would be a skill needed for that. E. Developing Bridges is something that would not be needed to practice or knowing how to do. Yes, Engineering could be a carrer but it would not just be needing to build a Bridge, you would need much more skill than that. F. <u>I want you to give that one a try,</u> that one is a tricky one. Let's find it out together. So, you need to know how to design products for Engineering, right? But is that one of the main skills for working? Find that one out and let me know <u>what you get. </u>

3 0

3 years ago

Read 2 more answers

On January 1, 2021, Rapid Airlines issued $200 million of its 8% bonds for $184 million. The bonds were priced to yield 10%. Int

miv72 [106K]

Answer:

1.Dr Interest expense $8million

Cr Cash $8 million

2.Dr Interest expense $8 million

Cr Cash 8 million

3. Dr Bonds Payable $12million

Cr Adjustment in fair value $12 million

Explanation:

Preparation of Journal entries

1) June 30, 2021 Preparation of Journal entry for interest payment

Dr Interest expense $8million

Cr Cash $8 million

[($200 million * 8%) *6/12]

The reason why it was multipled with 6/12 was because the payments are half yearly.

2) Dec 31, 2021 Preparation of Journal entry for interest payment

Dr Interest expense $8 million

Cr Cash 8 million

[($200 million * 8%) *6/12]

3) Dec 31, 2021 Preparation of Fair value adjustment

Dr Bonds Payable $12million

Cr Adjustment in fair value $12 million

($200 million - $188 million)

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3 years ago

Penguin Island produces two goods: ice and genetically engineered fish. Due to recent technological advances, its economy has ex

Vadim26 [7]

Answer:

1. Point on x-axis will increase and so will the point on the y-axis

2. All of the above

Explanation:

1. The Production Possibilities Frontier shows the amount of resources needed to produce different quantities of two goods. It therefore allows one to see the trade-off in resources for producing more of one good vs the other.

When a factor of production leads to more efficiency in the production of a good, the frontier will increase. In this scenario, there has been a growth in technology which means that more of both goods can be produced. This will increase the PPF on both axis. (Refer to attached file).

2. All of the listed options have led to increases in the standard of living in the last century. More education means people can get better jobs and build more infrastructure. International trade has increased market access and increased wealth. Farm productivity is better so more people can be fed and improvement in technology is the main driver for growth.

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3 years ago