Answer:
$142,000
Explanation:
Sales of 22,000 units
Total variable costs is $99,000
The fixed cost is 30,000
Operating income $36,000
Therefore budgeted amount for 20,000 units can be calculated as follows
= 99,000+30,000+36,000
= 156,000
The selling percentage is
=156,000/22,000
= 7.1
7.1× 20,000
= 142,000
Hence the bugected anou t for 30,000 units $142,000
Answer:
a) true
Explanation:
The average collection period could be computed by
= Total number of days in a year ÷ account receivable turnover ratio
It determines the number of days in which the customers pay the amount to the company.
If the payment is made within the prescribed time or early so it shows the goods performance else it reflects the worst performance
Therefore according to the given situation, if there is strictness in collection policy which ultimately reduced profit due to lost sales plays a very important role in shorten the collection period
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The loan contribute negatively to her financial well-being is because it takes longer for here to finish paying off the credit.
Answer: The maturity value of the note is $5,66,533.
We can arrive at the answer with the steps below:
The formula we use to calculate Maturity Value is:
In this question,
Principal = $560,000
Interest = 7% per year
Time period = 60 days.
Number of days in a year = 360 days (given in the question).
Substituting the value of the time period calculated above in the Maturity Value formula we have:
Maturity Value = $560,000 × (1+(0.07×60/360))
Maturity Value = $560,000 × (1+(0.07×1/6))
Maturity Value = $560,000 × 1.011666667
Maturity Value = $566533.3333
