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Elanso [62]
3 years ago
10

Ratchet Manufacturing anticipates total sales for August, September, and October of $370,000, $295,000, and $305,500 respectivel

y. Cash sales are normally 25% of total sales and the remaining sales are on credit. All credit sales are collected in the first month after the sale. Compute the amount of cash received for September.Multiple Choice$498,750.$351,250.$166,250.$277,500.$221,250.
Business
1 answer:
olchik [2.2K]3 years ago
5 0

Answer:

$351,250

Explanation:

Computation for the amount of cash received for September

September cash sales $73,750

(25% × $295,000)

August credit sales $277,500

(75% × $370,000)

Cash collected in September $351,250

($73,750+$277,500)

Therefore the amount of cash received for September will be $351,250

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MaRussiya [10]

The statement about the relationship between interest rates and bond prices that is true is A. There is an inverse relationship between bond prices and interest rates, and the price of long-term bonds fluctuates more than the price of short-term bonds for a given change in interest rates (assuming that the coupon rate is the same for both).

It should be noted that when there's an increase in the interest rate, the price of bonds will be low. also, a decrease in the interest rate will lead to a higher bond price.

At a particular interest rate, the price of<em> long-term bonds</em> fluctuates more than the price of short-term bonds. It should be noted that the relationship between the bond price and<em> Interest rate</em> isn't direct but rather inversely related.

In conclusion, the correct option is A.

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4 0
2 years ago
For a manufacturer, measures of volume may include:
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Answer:

(D) Both number of units produced and amount of direct materials used in production are correct.

Explanation:

4 0
3 years ago
Read 2 more answers
Jamestown Supply is trying to decide whether to lease or buy some new equipment. The equipment costs $72,000, has a 4-year life,
DochEvi [55]

Answer:

$15,708

Explanation:

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Using this formula

Aftertax lease payment=Leased equipment(1-Tax rate)

Let plug in the formula

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3 0
3 years ago
Which of the following statements is false regarding audit reporting?
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Answer:

None      

Explanation:

In simple words, audit reporting or auditing refers to the process under which an independent third part, licensed by the regulatory body, examines the financial statements of an organisation to check if such statements depicts fair information and are made as per the regulatory standards.

The auditor if satisfied gives the positive assurance and if not then he or she can ask for further information or can directly report the statements to the regulatory bodies.

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Answer:

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