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4vir4ik [10]
3 years ago
9

Crane Company estimates its sales at 80000 units in the first quarter and that sales will increase by 8000 units each quarter ov

er the year. They have, and desire, a 25% ending inventory of finished goods. Each unit sells for $25. 40% of the sales are for cash. 70% of the credit customers pay within the quarter. The remainder is received in the quarter following sale. Cash collections for the third quarter are budgeted at
Business
1 answer:
dusya [7]3 years ago
7 0

Answer:

Total cash collection Third Quarter= $2,364,000

Explanation:

Giving the following information:

40% of the sales are for cash.

70% of the credit customers pay within the quarter.

The remainder is received in the quarter following the sale.

Sales:

Q2= 88,000*25= 2,200,000

Q3= 96,000*25= 2,400,000

Selling price per unit= $25

<u>Cash collection Third Quarter:</u>

Sales in cash= 2,400,000*0.4= 960,000

Sales on account third quarter= (2,400,000*0.6)*0.7= 1,008,000

Sales on account second quarter= (2,200,000*0.6)*0.3= 396,000

Total cash collection Third Quarter= $2,364,000

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Wittaler [7]

Answer:

Option (a) is correct answer (14 Months)

Explanation:

Given data

Investing in TQM = $2,000,000

Minimum rise in demand = 3.0 %

Last year’s sales = $163,508,343

As per the given data next year sales is increased by 3.0%. So, 3.0% of last year sales

=> 0.03 × $163,508,343 = $4,905,250.29 ~= $4,905,250

Income added to the bottom line = 34.1% of increased demand

=> 0.341 × $4,905,250 = $1,672,690.25~= $1,672,690

Payback on the initial $2,000,000 TQM investment can be attained in a period and can be computed by using the formula

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=> ($2,000,000 / $1,672,690) ×12 = 14.34 ~ = 14 Months

7 0
3 years ago
Of those listed below, the best example of a pure public good is a. a public school b. a radio broadcast c. a hardcover copy of
Rufina [12.5K]

Answer:

b. a radio broadcast

Explanation:

The pure public good is a good which is non-rivalrous and non-excludable. Non-rivalrous represents that the goods does not diminshed in the case when more people consumed it while on the other hand, the non-excludable represents that the goods are available to all

Therefore as per the given options, the option b is correct

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7 0
3 years ago
What is capital vocation​
nalin [4]

Answer:

A vocation is an occupation to which a person is specially drawn or for which they are suited, trained, or qualified. And since it is capital vocation I guess you just tie that definition into your capital and how that would work for your capital. I hope this helps. It was kind of difficult to find the answer. :) I wish you the best of luck! If you need any more help just ask!

8 0
3 years ago
Mr. West wishes to purchase a condominium for $240,000 in cash upon his retirement 10 years from now. How much should he deposit
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Answer:

He should deposit $1,744.37 at the end of each month.

Explanation:

This can be calculated using the formula for calculating the Future Value (FV) of an Ordinary Annuity as follows:

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Where,

FV = Future value or the of condominium = $240,000

M = Monthly payment = ?

r = monthly interest rate = 2.7% / 12 = 0.027 / 12 = 0.00225

n = number of months = 10 years * 12 months = 120

Substituting the values into equation (1) and solve for M, we have:

$240,000 = M * (((1 + 0.00225)^120 - 1) / 0.00225)

$240,000 = M * 137.585424499073

M = $240,000 / 137.585424499073

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Therefore, he should deposit $1,744.37 at the end of each month.

8 0
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Explanation:

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