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Inessa05 [86]
3 years ago
13

VJasper Company has sales on account and for cash. Specifically, 70% of its sales are on account and 30% are for cash. Credit sa

les are collected in full in the month following the sale. The company forecasts sales of $525,000 for April, $535,000 for May, and $560,000 for June. The beginning balance of Accounts Receivable is $400,000 on April 1. Prepare a schedule of budgeted cash receipts for April, May, and June.
Business
1 answer:
RoseWind [281]3 years ago
8 0

Answer:

                                              April             May              June

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

Sales on account   70%    <u>$367,500</u>    <u>$374,500</u>      <u>$392,000</u>

                                          <u>$525,000</u>    <u>$535,000</u>     <u>$560,000</u>

<u />

<u> </u>

                                        JASPER COMPANY

                                     Cash Receipts Budget

                                   For April, May and June

                                                                 April          May          June

<em>Cash Receipts from:</em>

Cash Sales                                         $157,500    $160,500   $168,000

Collection of accounts Receivable  <u><em>$400,000   $367,500   $374,500</em></u>

Total Cash Receipts                          <u>$557,500</u>   <u>$528,000</u>  <u>$542,500</u>

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Answer:

Investment in stock X is worth $21,387.60

Explanation:

Expected Return of the protfolio is calculated:

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Where:

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So, replacing the numbers

0.097*x + 0.177*Y + 0.038*0.2308 = 0.123

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0.097*(0.7692-Y) + 0.177*Y = 0.123 - 0.0088

Then

0.0746 - 0.097*Y + 0.177*Y = 0.1142

0.08*Y = 0.0396

So Y = 0.0396/0.08 = 0.495 = 49.5%

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3 years ago
2000 is deposited into a newly opened fund on January 1, 1999. Another deposit is made into the fund on July, 1 1999. On January
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Answer:

$2,080 is the correct answer to the given question .

Explanation:

As mention in the question the deposited  amount of $2000 was in the year the July, 1, 1999 up to the on the January 1, 2000 it means it takes 1/2 year or 6 months.

Time-weighted rate of the return in the year 1999 is the 8.0%

however it has been spent for the six months, it means the 4% in the 6 month

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Based on the scenario being described within the question it can be said that Anita is evaluating the infrastructure component. This component refers to the analyzing all of the physical facilities and systems that will be needed for the business within a certain market. This includes distribution and communication channels as well as the warehouses and facilities for the business' operations.

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