Why is it important to know to know how much is in your checking account ?

Item 6 Worton Distributing expects its September sales to be 20% higher than its August sales of $168,000. Purchases were $118,0

MaRussiya [10]

Answer:

Worton Distributing

he ending cash balance on September 30 is estimated to be:

= $87,440

Explanation:

a) Data and Calculations;

August September

Sales $168,000 $201,600 ($168,000 * 1.2)

Purchases $118,000 $138,000

Cash balance September 1 $28,000

Collection of sales on credit: August September

Sales $168,000 $201,600

40% month of sale 67,200 80,640

60% month following 100,800

Total cash collections $181,440

Payment for purchases: August September

Purchases $118,000 $138,000

Payment:

20% month of purchase 23,600 27,600

80% month following 94,400

Total payment for purchases $122,000

Cash budget for September

Beginning balance $28,000

Cash collections 181,440

Available cash $209,440

Cash payments 122,000

Ending balance $87,440

3 0

3 years ago

Volatility or Blank______ increases for equity holders when leverage increases. Multiple choice question. inevitability certaint

netineya [11]

The factors that increase for equity holders when the amount of leverage increases is d. risk.

<h3 /><h3>What does an increase in leverage lead to?</h3>

When there is an increase in the leverage that a company holds, the worry that the company will not be able to pay off the debt also increases.

This leads to more risk and volatility in company stock which would be felt by equity holders.

Remaining part of question:
a. inevitability.

b. certainty.

c. yield-to-maturity

d. risk.

Find out more on the effects of risk on stock at brainly.com/question/11645484.

#SPJ1

8 0

2 years ago

Coleman, Inc. provides the following data from its income statement for 2017:Net Sales$500,000Cost of Goods Sold(200,000)Gro

Illusion [34]

Answer: 60 %

Explanation: Gross profit refers to the amount of profit that a company has after deducting for making and selling charges.

Gross profit percentage or gross profit ratio refers to the ratio of gross profit and net sales. It is used to evaluate how much gross profit does a company makes from its sales. It is a good measure for evaluating liquidity.

This could be calculated as follows :-

$gross\:profit\:ratio=\frac{gross\:profit}{net\:sales}$

$gross\:profit\:ratio=\frac{300,000}{500,000}$

=60 %

3 0

3 years ago

On January 1, Bargain Company's Valuation Allowance for Trading Investments account had a debit balance of $18,500. On December

natulia [17]

Answer:

3) Unrealized Gain on Trading Investments of $1,500.

Explanation:

By January 1, Bargain Company had recognized a $18,500 gain on their investment (the valuation allowance account had a debit balance = gain). By the end of the year, the gain on the investment had increased to $20,000 (= $100,000 - $80,000), so you need to recognize an additional gain of $1,500 (= $20,000 - $18,500).

4 0

3 years ago

HELPPP ASAP ECON ?!!!!!!

sveta [45]

Answer:

C

Explanation:

7 0

2 years ago