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Mademuasel [1]
3 years ago
15

Data for Yipuum207, a large merchandiser, is below:

Business
1 answer:
rodikova [14]3 years ago
7 0

Answer:

Yipuum207

The expected cash collections for Yipuum207 in December is:

$318,000.

Explanation:

a) Data and Calculations:

                                   November     December

Budgeted sales          $305,000     $325,000

65% month of sale        198,250         211,250

35% month following     78,000         106,750

Total collections        $276,250       $318,000

b) The expected cash collection for December is made up of the 65% cash collected from December sales and the 35% of November sales.  Other months' sales will not affect the cash collection in December under the given scenario.  Therefore, the total cash collection for the month of December is $318,000.

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Answer:

Im thinking it is the FBI

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4 years ago
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Calaveras Tire exchanged equipment for two pickup trucks. The book value and fair value of the equipment given up were $34,000 (
MrRissso [65]

Answer:

1. $51,000

2.$11,000 Gain

Explanation:

(1) Calculation to determine At what amount will Calaveras value the pickup trucks

Using this formula

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Let plug in the formula

Trucks value=$45,000+$6,000

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Using this formula

Gain or loss on exchange =Fair value - Book value

Let plug in the formula

Gain or loss on exchange=$45,000-$34,000

Gain or loss on exchange=$11,000 Gain

Therefore the company will $11,000 GAIN recognize on the exchange

6 0
3 years ago
Leonore's Luxury Leather Footwear Corp. conducted a SWOT analysis and determined that at least 57% of consumers would demand hig
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3 0
4 years ago
Blissful Blankets' target profit is $520,000. Each blanket has a contribution margin of $21. Fixed costs are $320,000. The numbe
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It can be deduced that the number of blankets that must be sold in order for the company to achieve the target profit is 40000.

<h3>How to calculate the target profit</h3>

From the information, Blissful Blankets' target profit is $520,000 and each blanket has a contribution margin of $21. Fixed costs are $320,000.

Therefore, the number of blankets that must be sold to achieve the target profit will be:

= (520000+320000)/21

= 40000

Learn more about profit on:

brainly.com/question/1078746

5 0
2 years ago
Loran's pretax accounting income in 20X1 is $100,000. Loran had bad debt expense for financial reporting purposes of $14,000 in
stira [4]

Answer:

$2,800

Explanation:

Particulars                                                                       Amount

Favorable temporary difference at the end of 20X2   $7000

* Income tax rate                                                             <u>   40%  </u>

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