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aniked [119]
3 years ago
6

Drew Enterprises reports all its sales on credit, and pays operating costs in the month incurred. Estimated amounts for the mont

hs of June through October are:
June July August September October
Budgeted sales $310,000 $330,000 $300,000 $280,000 $260,000
Budgeted purchases $144,000 $120,000 $128,000 $132,000 $90,000
• Customer amounts on account are collected 60% in the month of sale and 40% in the following month.
• Cost of goods sold is 45% of sales.
• Drew purchases and pays for merchandise 30% in the month of acquisition and 70% in the following month.

How much cash is budgeted to be received during August?
Business
1 answer:
Afina-wow [57]3 years ago
8 0

Answer:

$312,000

Explanation:

Given that,

August Sales = $300,000

July sales = $330,000

Customer amounts on account are collected 60% in the month of sale and 40% in the following month.

Cash Receipts during August:

= (August Sales × 60%) + (July Sales × 40%)

= ($300,000 × 60%) + ($330,000 × 40%)

= $180,000 + $132,000

= $312,000

Therefore, the cash is budgeted to be received during August is $312,000.

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Silver Mining is opening a new mineral extraction facility in the local town and will employ several thousand people. They have
TEA [102]

Answer:

Corporate Social Responsibility or CSR.

Explanation:

To put it simply, Corporate Social Responsibility means that a company is concerned and responsible about how their actions affect People, Planet and their Profits (3 P's)

Following are the generally accepted principles of CSR.

  1. Compliance with international commitments
  2. Compliance with international and national laws and regulations
  3. Maintenance of good corporate governance
  4. Communication and dialog with all stakeholders
  5. Commitment to Transparency
  6. Conservation and the promotion of the Environment
  7. Fiscal responsibility
  8. Protecting Human Rights
  9. Promotion of Social responsibility

5 0
3 years ago
Bradford Services Inc. (BSI) is considering a project that has a cost of $10 million and an expected life of 3 years. There is a
balandron [24]

Answer:

Expected Net Cash Flow = $3.8 million

Net Present Value (NPV) = $1.0492 million

Explanation:

Given Cash outflow = $10 million

Provided cash inflows as follows:

Particulars           Good condition         Moderate condition        Bad Condition

Probability                  30%                               40%                                  30%

Cash flow                $9 million                     $4 million                       $1 million

Average expected cash flow each year = ($9 million X 30 %) + ($4 million X 40%) + ($1 million X 30%) = $2.7 million + $1.6 million + $0.3 million = $4.6 million

Three year expected cash flow = ($4.6 million each year X 3) - $10 million = $13.8 million - $10 million = $3.8 million

While calculating NPV we will use Present Value Annuity Factor (PVAF) @12% for 3 years = \frac{1}{(1 + 0.12){^1}} + \frac{1}{(1 + 0.12){^2}} + \frac{1}{(1 + 0.12){^3}} = 2.402

NPV = PV of inflows - PV of Outflows = $4.6 million X 2.402 - $10 million = $11.0492 million - $10 million = $1.0492 million

Expected Net Cash Flow = $3.8 million

Net Present Value (NPV) = $1.0492 million

3 0
4 years ago
Which of these is an example of a good with elastic supply?
DerKrebs [107]

Answer:

sandwiches

Explanation:

supplier has plenty of spare capacity to increase output

high stocks levels are available to meet raising demand

short production time frame to get products to market

easy of factor substitution is high

8 0
3 years ago
Read 2 more answers
people who enjoy working with their hands might enjoy a career as a/an A.travel agent B.teacher C.accountant D. chef?
Romashka-Z-Leto [24]
People who enjoy working with their hands might enjoy a career as a chef. The correct answer is D. Chefs are cooks, as you are well-aware, which means that they use their hands to prepare food. They are constantly using their hands while chopping vegetables, cooking, preparing dishes, so people who love using their hands as their most important tool should consider getting a job as a chef.
4 0
3 years ago
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When buying highly technical, few-of-a-kind products such as hydroelectric power plants, governments have found that general con
Lubov Fominskaja [6]

Answer:

Cost-plus-fixed-fee pricing

Explanation:

Cost-plus-fixed-fee pricing is when the contractor specifies the expenses of a project and a fixed fee for the services that provides which allows the contractor to earn a profit. In this type of pricing, the overall cost of the project  is determined at the end and all the authorized costs are paid to the contractor in full. According to this, the answer is that these contractors use cost-plus-fixed-fee pricing to compensate them for any cost overruns.

7 0
3 years ago
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