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shtirl [24]
3 years ago
15

Justin Company's budget includes the following credit sales for the current year: September, $40,000; October, $51,000; November

, $45,000; December, $47,000. Credit sales are collected as follows: 15% in the month of sale, 60% in the first month after sale, 20% in the second month after sale, and 5% is uncollectible. How much cash can Justin expect to collect in November as a result of current and past credit sales
Business
1 answer:
zheka24 [161]3 years ago
7 0

Answer:

$45,350

Explanation:

Follow the Company`s collection history to determine the November Cash Collection.

November Cash Collection :

Collected in month of sale - 15% x $45,000                       $6,750

Collected for 1st month after sale - 60% x $51,000         $30,600

Collected for 2nd month after sale - 20% x $40,000        $8,000

Total                                                                                     $45,350

Therefore,

The cash Justin can expect to collect in November is $45,350

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What is the result of one firm controlling an entire market?
makkiz [27]

Answer:

Monopoly

Explanation:

When one firm/organization monopolized an entire market, they can increase the price on their product as they have no competition.

6 0
3 years ago
Who is the current ceo of earthwear how much did accounts payable change in dollars and percent from 2014 to 2015. in which of t
aleksley [76]
Based on my online research, the current CEO of Earthwear is Calvin J. Rodgers.

From 2014 to 2015, the accounts payable change in dollars with an increase of $14,077 which is equivalent to 20.07%.

It is written that Earthwear had the highest net income in 2010. The net income amounted to $41,698.00

Additional detail about Earthwear is that it uses LIFO or last-in, first-out inventory valuation method. 
4 0
3 years ago
Andy Company had a cash balance on May 1 of $ 29 000. At the end of May, the cash balance has increased to $ 30 000. During the
ad-work [718]

Answer:

$49,000

Explanation:

The cash balance at the end of the period is the remaining balance after considering the opening cash balance and the net movement (which is the inflow and outflow) in cash during the period.

Let the cash payments be y

$29000 + $50000 - y = $30,000

y = $29000 + $50000 - $30,000

y = $49,000

Cash payments for the month of May were $49,000

3 0
4 years ago
Many Western European countries are giving monetary incentives to employees who have multiple children. Why would they do this?
kvv77 [185]

Answer:

<em>The incentive is to encourage more families to have more children.</em>

<em></em>

<em>A baby boom in Japan will ensure that there is enough workforce to maintain the growing economy in the future.</em>

<em></em>

Explanation:

The western countries, especially Europe is battling with population decline, which is estimated to have an economic impact in the future, due to a potential decline in the labor force in the future. To counter this, many of these western nations have crated policies  that encourages childbirth by providing incentive for families with multiple children, reducing tax for such families, and even as far as up to 12 to 16 months paid paternity and maternity leave, when a couple has a new baby. Couples are also given government paychecks when they go on childbirth leave.

Japan is one of the countries that has been experiencing a population decline in recent years. The number of death seem to be more than the number of births.  The general effect is the fear of a dwindling work force of the future. This will lead to more people retiring later, and there would be a huge pressure on the pension schemes, and the economy as a whole due to this. A population boom will mean that a future workforce is guaranteed, and the retirement age lowered, and the call for dependency on automation due to a shrinking workforce can be reviewed.

8 0
4 years ago
In the market for a particular pair of shoes, Jena is willing to pay $75 for a pair while Jane is willing to pay $85 for a pair.
Basile [38]

Answer:

The correct option is c.$30

Explanation:

In this question, we use the formula of the consumer surplus. The formula is shown below:

Consumer surplus = maximum price willing to pay - actual price

So,

For Jena, the consumer surplus would be equal to

= $75 - $65

=$10

For Jane, the consumer surplus would be equal to

= $85 - $65

=$20

So, the total consumer surplus would be

= Jena consumer surplus + Jane consumer surplus

= $10 + $20

= $30

Hence, the combined amount of consumer surplus for Jena and Jane is $

30

Therefore, the correct option is c.$30

3 0
3 years ago
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