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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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Umnica [9.8K]

Answer:

a

Explanation:

bc interest rates have a negative correlation their for they will shift off

8 0
3 years ago
Pablo Company has budgeted production for next year as follows:QuarterFirst Second Third FourthProduction in units 48,000 88,000
Margaret [11]

Answer:

271,500 pounds

Explanation:

Given:

Quarter                               FIRST      SECOND     THIRD     FOURTH

Production in unit                  48000     88000        98000      78000

Raw material per unit               3               3                 3                 3

=================================================================

Thus,

Need for material  = Production in unit × Raw material per unit

=================================================================

Quarter                                         FIRST      SECOND     THIRD     FOURTH

Need for material in production  144,000   264,000     294,000     234,000

Desired ending inventory = 25% of next quarter's production needs for material

==================================================================

ADD:

Desired ending inventory             66000       73500      58500  

==================================================================

Total need of material = Need for material in production + Desired ending inventory

==================================================================

Quarter                               FIRST      SECOND     THIRD      FOURTH

Total need of material =       210,000    337,500     352,500  

Beginning inventory             38000  66000       73500  

==================================================================

Total purchase = Total need of material - Beginning inventory

==================================================================

Quarter                               FIRST      SECOND     THIRD      FOURTH

Total purchase =                   172,000     271,500      279,000

Hence,

The answer is  271,500 pounds

5 0
3 years ago
A portfolio is invested 22 percent in Stock G, 50 percent in Stock J, and 28 percent in Stock K. The expected returns on these s
Fittoniya [83]

Answer:

The expected return of the portfolio is 12.8%

Explanation:

A portfolio is invested 22% on stock G, 50% on stock J and 28% on stock K.

The expected return on stock G is 7%, on stock J is 13% and on stock K is 17%.

Weighted return on stock G

= 0.22*7%

=1.54%

Weighted return on stock J

=0.50*13%

=6.5%

Weighted return on stock K

=0.28*17%

=4.76%

The expected return on the portfolio

=Weighted return on stock G+Weighted return on stock J+Weighted return on stock K

=(1.54+6.5+4.76)%

=12.8%

8 0
3 years ago
A recent social media promotion gathered headlines for humanizing what landmark building in new york city?.
Over [174]

A recent social media promotion gathered headlines for humanizing a landmark building in new York city made in C NN news.

<h3>What is landmark?</h3>

This is known to be a thing such as  building, a large tree, or a statue. It is one that can easily be seen and that can help a person find the way to a place near it.

It is also known to be a building that has historical importance. There was a recent social media promotion gathered headlines for humanizing a landmark building in new York city.

learn more about Landmark from

brainly.com/question/24416657

8 0
2 years ago
Tayesha wants to find more information about a career in architecture. which resource is most likely to give balanced, accurate
Andrei [34K]
<span>The Bureau of Labor Statistics is usually a good starting point. This website/database allows for all types of jobs and industries to be researched. Within these titles, the career advancement data, statistics on compensation, and types of jobs within the overall umbrella are given.</span>
3 0
3 years ago
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