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pantera1 [17]
3 years ago
14

The Eccleston Company has the following budgeted sales: January $40,000, February $60,000, and March $50,000. 40% of the sales a

re for cash and 60% are on credit. For the credit sales, 50% of the amount is collected in the month of sale, and 50% in the next month. The total expected cash receipts during March are
Business
1 answer:
zvonat [6]3 years ago
8 0

Answer:

Total cash collection= $53,000

Explanation:

Giving the following information:

Sales:

February $60,000

March $50,000.

Cash:

40% of the sales are in cash.

Credit sales:

50% in the month of sale

50% in the next month

<u>Cash receipts March:</u>

Sales in cash March= (50,000*0.4)= 20,000

Sales on account March= (50,000*0.6)*0.5= 15,000

Sales on Account February= (60,000*0.6)*0.5= 18,000

Total cash collection= $53,000

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Peter operates a dental office in his home. The office occupies 250 square feet of his residence, which is a total of 1,500 squa
Alex777 [14]

Answer:

$3,000

Explanation:

Per IRS form 8829, allocation of total expense to home office can be arrived by dividing the total usable area of home by the work area to get the percentage of expenses allocable to home office.

So, 250 square feet / 1500 square feet = 16.6666666%

Total expenses incurred;

Rent $12,000

Utilities 4,800

Maintenance 1,200

—————

Total $18,000x16.6666666%=$3,000

or simply, $18,000 x 250/1500 = $3,000 (to be exact in decimal points)

7 0
3 years ago
Managers in businesses direct their activities toward earning money for their company and its owners, whereas managers in nonpro
ikadub [295]

Answer:

 b. generating some kind of social impact

Explanation:

Business ventures are established with a profit motive. The investor risks their resources, time, and efforts in the expectation of making profits.  The investor and his or her business manager employ their skills and experiences to ensure that the business is profitable.

Not-for-profit organizations are formed to provide a service to specific members, a section or entire society. They aim at improving the well being of the community by providing essential services. Not for profit organization offer free services or charge a minimum fee. They get funding from members or founders of the organization or may receive donations from institutions and the general public.

8 0
3 years ago
During periods when the inflation rate fluctuates widely,
KengaRu [80]

Answer: During periods when the inflation rate fluctuates widely, "c. uncertainty about changes in relative prices causes a decrease in economic efficiency".

Explanation: Economic process caused by the imbalance between production and demand; it causes a continuous rise in the prices of most of the products and services, and a loss of the value of the money to be able to acquire them or make use of them. The uncertainty in prices caused by inflation also negatively affects consumers, since they must waste time researching the price of the products they consume. So this uncertainty and less information, which produces inflation, negatively affects both investors and consumers, and with this negatively affects the growth possibilities of the economy.

7 0
3 years ago
On January 1, 2016, Elite Advertising was contracted to run a marketing campaign for Pharm King's new dieting pills. In addition
stepladder [879]

Answer:

A. $50,000

Explanation:

150,000 for a 3 year compaing  = 50,000 per year

<u>The contract has just started </u>and the information available doesn't meet the criteria.

We must remember that <u>accounting has a principle of conservatism</u> regarding revenues. Accrue revenue without proper grounds is not correct. We should recognize the 1/3 of the base fee which is earned and matched the accounting cycle.

8 0
3 years ago
Timing of entry into the Indian market brought different results for PepsiCo and Coca-Cola India. What benefits or disadvantages
mamaluj [8]

Answer:

Pepsi got into the Indian market market space on time after Coco-cola introduced their product and left. Pepsi came and accumulated alot of market shares which is an advantage for them for early timing and entry.  Pepsi  get an early entry while the market is developing and grew with the development of the market, thereby accumulating a lot of market shares. and that is an advantage of early entry.    

Coca-Cola came back to Indian market space after 15 years, at that time, Coca-Cola would not take market share away from Pepsi companies because the beverage market was growing consistency from year to year with the early birds in the market space. This is disadvantage of Coca-Cola.

7 0
3 years ago
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