Answer:
$161,400
Explanation:
<u>Cash collection calculation</u>
December cash sales ($160,000*30%) = $48,000  
<u>Credit sales</u>
December: (160000*70%*50%) =              $56,000
November: (180000*70%*30%) =              $37,800
October: (140,000*70%*20%) =                 <u>$19,600</u>
Total cash collections                                <u>$161,400</u>
 
        
             
        
        
        
Answer:
1. 48 dollars
2. 30 dollars
Explanation:
The yearly premium on their homeowner's insurance policy is $600 for the coverage they need.
Their insurance company offers a discount of 8 percent if they install dead-bolt locks on all exterior doors.The couple can also receive a discount of 5 percent if they install smoke detectors on each floor.
1. What discount will Dave and Ellen receive if they install the dead-bolt locks?
discount for deadbolts = 
Discount % x Premium
0.08 x 600 = 48 dollars
b. What discount will Dave and Ellen receive if they install smoke detectors?
discount for deadbolts = 
Discount% x Premium
0.05 x 600 = 30 dollars
 
        
             
        
        
        
Answer:
$13,000
Explanation:
Net income= net sales -net expenditure
in this case:
net sales=$126,000
net expenses =  $113,000 {COGS + operating exp.+other exp.}
Net income= $126,000-$113,000
                     =$13,000