Answer:
E. $60,500
Explanation:
The expect cash receipts for January include: 20% of all November credit sales, 50% of all December credit sales, 100% of January cash sales and 30% of January credit sales.
The $12,000 accounts receivable from November will be received in full in January.
The $42,000 accounts receivable from December correspond to the 70% to be received over January and February. The amount received in January is:
The amount received from January cash sales is:
The amount received from January credit sales (30%) is:
The total cash amount (T) received in January is:
Answer:
The answer to this question is c.it is best to have money today, so it can be put to work sooner to make even more money.
Explanation:
The time value for money is the concept that money available at the present time is worth more than the identical sum in the future due to its potential earning capacity. This core principle of finance holds that provided money can earn interest, any amount of money is worth more the sooner it is received.
It emphasis on the fact that a dollar received today is worth more than a dollar received in the future because of some changes that may have occurred.
From the above explanation we can conclude that the answer is c.it is best to have money today, so it can be put to work sooner to make even more money.
Answer:
the overhead cost assigned to Job 971 is $1,020
Explanation:
The computation of the overhead cost assigned to Job 971 is shown below:
= Budgeted Machine overhead cost ÷ Number of set up
= $13,200 ÷ 390
= 34
Now the overhead cost assigned is
= 30 setups × 34
= $1,020
hence, the overhead cost assigned to Job 971 is $1,020
Therefore the last option is correct
Answer:
the correct answer is
debenture
Explanation:
An unsecured bond, backed only by the well-respected name of the organization, is called a debenture bond.
Answer:. The employee is highly motivated, but lacks ability unless she gets training.
Explanation: The receptionist is motivated and enthusiastic about her job. All she needs is training on the job to make her suitable and reliable as a receptionist. Since she is punctual, polite, and always cheerful and all the firm's employees and customers love her it will be a bad idea relieving her of her duties instead train in clerical skills and make her suitable for the job. She already has the qualities of a good receptionist but lacks the skills, it would be easier to train her to acquire the skills.