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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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Answer:

<h2>Yes, the resume give HR / Technical person to understand and spot questions from the resume.</h2>

Explanation:

Though the question is little incomplete, I would try to answer assuming about the interview phases especially this resume review.

Resume is the first thing which the interviewer would see before they see you (Eg. Resume from job portal, resume received through friends or other employee referral, resume received through job fairs, etc)

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3 years ago
The totals from the first payroll of the year are shown below. Total Earnings FICA OASDI FICA HI FIT W/H State Tax Union Dues Ne
alexgriva [62]

Answer and Explanation:

The journal entry to deposit the FICA and FIT taxes is as follows:

FICA OASDI $2,244.10  

FICA HI $524.83  

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Here the FICA OASDI FICA HI FIT W/H is debited and the cash is credited

So the same is to be considered

5 0
2 years ago
The probability of incurring bankruptcy increases as a firm's debt/equity ratio decreases. false true
anyanavicka [17]
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6 0
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On June​ 30, Coral, Inc. finished Job 750 with total job costs of $ 4 comma 500​, and transferred the costs to Finished Goods In
kherson [118]

Answer:

B. debit Cost of Goods Sold $ 4,500 and credit Finished Goods Inventory $ 4,500

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The cost of goods sold will be 4,500 cost of the job 750

We are going to debit the cost of good sold for the amount it cost to make job 750

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Answer:

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Giving the following formula:

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Effect on income= increase in total contribution margin - increase in fixed costs

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