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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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3 years ago
Suppose there is a simple one good economy that only produces spinning rims. In 2015, the economy was able to produce 1 million
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Explanation:

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3 years ago
Scrumptious Snacks Inc. manufactures three types of snack foods: tortilla chips, potato chips, and pretzels. The company has bud
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Answer:

Results are below.

Explanation:

<u>First, we need to calculate the number of processing hours:</u>

Processing hours= (0.25*3,000) + (0.1*6,000) + (0.3*3,500)

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Predetermined manufacturing overhead rate= 207,000 / 2,400

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Tortilla chips= 86.25*75= 64,687.5

Potato chips= 600*86.25= 51,750

Pretzels= 86.25*1,050= 90,562.5

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The three common types of checking accounts are basic, interest-bearing, and lifeline?
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Quizlet: Name three common types of checking account? basic checking account, interest-banking checking account, and Lifeline checking accounts.

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