You've never had a job so decided that it's time to start applying. When filling out

Jasper Company has 70% of its sales on credit and 30% for cash. All credit sales are collected in full in the first month follow

hjlf

Jasper Company Cash Receipts Budget shows the estimated cash receipts from customers and other sources.

<h3>Cash Receipts Budget for April, May, and June:</h3>

April May June Total

Cash Sales 30% $157,500 $160,500 $168,000 $486,000

Credit Sales 70% 400,000 367,500 374,500 1,142,000

Total $557,500 $528,000 $542,500 $1,628,000

Calculations:

a) Cash Sales for April = 30% of April Sales = 30% * $525,000 = $157,500. The difference of 70% is received in May.

b) Sales received on account for April = 100% of Accounts Receivable = $400,000.

c) Cash Sales for May = 30% of April Sales = 30% * $535,000 = $160,500. The difference of 70% is received in June.

d) Cash Sales for June = 30% of April Sales = 30% * $560,000 = $168,000. The difference of 70% is received in July.

To learn more about cash receipts visit the link

brainly.com/question/15561219

#SPJ4

3 0

2 years ago

At the end of April, the first month of the company's year, the usual adjusting entry transferring rent earned to a revenue acco

valina [46]

Answer:

According to the information provided is possible to conclude that in both options the indicators are understated

Explanation:

(a) Rent revenue (or revenues) will be understated. Net income will be understated.

(b) Retained earnings at the end of the period will be understated. Unearned rent (or liabilities) will be overstated.

7 0

3 years ago

The Shore Hotel just paid a dividend of $2 per share. The company will increase its dividend by 6 percent next year and will the

SVETLANKA909090 [29]

Answer:

The price of the stock today is $21.58

Explanation:

The dividend is growing by three different growth rates. Thus, the three stage growth model of DDM will be used to calculate the price of the share today. Under DDM approach, we discount the expected dividends by the required rate of return to estimate the fair value of the stock today. The terminal value is calculated when the dividend growth becomes constant forever. To calculate the price of the stock today, we use next period's dividend D1.

The price per share = D1 / (1+r) + D2 / (1+r)^2 + ... + [(Dn * (1+g) / r - g) / (1+r)^n]

Price per share = 2 * (1+0.06) / (1+0.12) + 2 * (1+0.06) * (1+0.04) / (1+0.12)^2 + [(2 * (1+0.06) * (1+0.04) * (1+0.02) / (0.12 - 0.02) / (1+0.12)^2]

Price of stock today = $21.578 rounded off to $21.58

8 0

4 years ago

Just as important as having the internal post-project meetings within the project organization is having a post-project evaluati

Paul [167]

Answer:

Yes, If not more important than the internal post-project meetings.

Explanation:

The end of the execution phase of a project is not actually the completion of a project because there must be verification by both the executioner company and the customer or sponsor who awarded the project.

The verification of whether the execution of the project was done according to pre-execution standards set in the project planning phase in terms of 'project scope' 'project time' and 'project cost' will have to be done by the company as a way of self-assessment but ultimately by the sponsor. It is arguable that the sponsor is the stronger voice in the project execution assessment stage because 'he who pays the piper dictates the tune'.

The reasons why such post-project evaluation meeting with the customer is important is that:

1. Project Scope: The customer has to certify that the benefits to be delivered by the project are actually been delivered, which is the reason why the project was awarded in the first instance.

2. Project Time: The customer will have to agree that the project has been carried out within the agreed time-frame, and there will be no penalties for delay in execution of the project. Penalties for time-delay in project execution could carry significant consequences as the customer could trigger the liquidated damages clause in the contract.

Project Cost: Another point of consideration is whether or not the project has been done within budget.

All of these considerations have to be made between both parties before a successful project handover.

4 0

3 years ago

The government provides ______

Harrizon [31]

Unemployment insurance

6 0

3 years ago