1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Jobisdone [24]
3 years ago
8

The Overland Company is preparing its cash budget for the month of June. The following information is available concerning its a

ccounts receivable: Estimated credit sales for June$332,000 Actual credit sales for May 257,000 Estimated collections in June for credit sales in June 25% Estimated collections in June for credit sales in May 65% Estimated collections in June for credit sales prior to May$50,000 Estimated write-offs in June for uncollectible credit sales 44,000 Estimated provision for bad debts in June for credit sales in June 42,000 What are the estimated cash receipts from accounts receivable collections in June
Business
1 answer:
Alex777 [14]3 years ago
8 0

Answer:

total estimated cash collections = $300,050

Explanation:

estimated collections during June:

collections of credit sales from May = $257,000 x 65% = $167,050

collections from credit sales before May = $50,000

collections from credit sales during June = $332,000 x 25% = $83,000

total estimated cash collections = $300,050

the write offs and the bad debt provisions are not included in this calculation.

You might be interested in
They could increase Marco's motivation by:
AleksandrR [38]

Answer:

B

Explanation:

moneys always good motivation

4 0
2 years ago
Jacob and Mason go to a diner that sells burritos for $5 and tacos for $3. They agree to split the lunch bill evenly. Mason choo
Rainbow [258]

Answer:

$1

Explanation:

The marginal cost refers to the cost of producing one additional unit or serving one more customer.

In this case, we have to determine the additional cost of Jacob ordering a burrito instead of a taco. As Mason chose the tacos and they agreed to split the lunch bill evenly, if Jacob decides to eat the tacos, the cost for each of them is:

$3+$3=$6/2= $3

If Jacob decides to eat the burrito:

$3+$5= $8/2= $4

So, the marginal cost to Jacob ordering a burrito is:

$4-$3= $1

7 0
3 years ago
Which of the following describes the means by which a message is sent. A. managing B. message C. media D. language
MariettaO [177]

Answer:

C. MEDIA

Explanation:

PLEASE MARK ME BRAINLIEST

5 0
2 years ago
Light emitting diodes (LED) light bulbs have become required in recent years, but do they make financial sense? Suppose a typica
tangare [24]

Answer:

Annual wattage cost of 60 watts is $3.729

Annual LED cost of 60 watts is $0.185

total annual cost = $3.914

Annual wattage cost of 15 watts is $0.935

Annual LED cost of 15 watts is $0.125

total annual cost = $1.06

l

Explanation:

For the cost of LED and durability

it is require to use a light fixture 500 hours per year

60-watt incandescent light bulb costs $.37 and lasts 1,000 hours. that mean, its last for 2years before buying a new one.

And for a 15-watt LED,  costs $3.00 and lasts for 12,000 hours, thats means it will last for 24 years before purchase of another.

assuming, will are using the 60watts for 24years, a cost of  $.37*12times = $4.44 will be use for buying.

therefore, a 15 watts LED is more cheaper.

For the current charges of LED

for 60watts

if A kilowatt-hour of electricity costs $.113 =

1000 watts = 1hour = $0.113

60 watts  = 1hour  = (60*0.133/1000) = $0.0068

it is said that, the consumption is for 500 hour per year.

therefore, 60watts used per year = 500*0.0068 = $3.39

return of 10% =0.339.

total cost of watts for 500hr for a year = 3.39+0.339 = $3.729

Annual wattage cost of 60 watts is $3.729

Annual LED cost of 60 watts ($0.37/2year) is $0.185

total annual cost = $3.914

for 15 watts

if A kilowatt-hour of electricity costs $.113 =

1000 watts = 1hour = $0.113

15 watts  = 1hour  = (15*0.133/1000) = $0.0017

it is said that, the consumption is for 500 hour per year.

therefore, 15 watts used per year = 500*0.0017 = $0.85

return of 10% =0.085.

total cost of watts for 500hr for a year = 0.85+0.085 = $0.935

Annual wattage cost of 15 watts is $0.935

Annual LED cost of 15 watts ($3/24 years) is $0.125

total annual cost = $1.06

6 0
3 years ago
A registered representative ("rr") is an MFP of a municipal securities firm that is an underwriter for that municipal issuer. Th
swat32

Answer:

The $300 of out of pocket expense exceeds the MSRB political contribution limit and will result in the municipal securities firm being banned as an underwriter for that issuer for 2 years.

Explanation:

The municipal securities firm is is underwriter for municipal issuer. The volunteers have paid $300 out of pocket but they are not entitled to make contribution to the campaign. This will result the firm being banned for two years as an underwriter for the issuer.

5 0
3 years ago
Other questions:
  • Jessica completed a four-year degree program in Finance and Accounting. She hasn’t yet gained any work experience in this field.
    14·2 answers
  • Lopez Corporation incurred the following costs while manufacturing its product Materials used in product Depreciation on plant P
    7·1 answer
  • Monroe Construction Company uses the percentage-of-completion method of accounting. In 2013, Monroe began work on a contract it
    9·1 answer
  • Several firms are operating in a market where they take the other firms' response to their actions into account. This market is
    6·1 answer
  • About how long after WWII did employers first start to push back against union encroachment?
    8·1 answer
  • Anna's family was expecting a lower EFC than they received. Anna's mother suggests changing the Parent's Gross
    9·2 answers
  • ________________indicates that fair value changes subsequent to purchase are not recorded in the accounts. (Do not use revenue r
    6·1 answer
  • A notepad company is looking to repackage and reposition its small notepads. It is thinking of coloring the pages yellow, resizi
    10·1 answer
  • Moody Farms just paid a dividend of $4.00 on its stock. The growth rate in dividends is expected to be a constant 6 percent per
    6·1 answer
  • The old Gross National Product (GNP) measurement was replaced by the newer Gross Domestic Product (GDP) definition in 1992. What
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!