Answer:
The total amount of cash expected to be received from customers in September is: B. $ 108,000
Explanation:
The total amount of cash expected to be received from customers in September include the following :
- <em>Cash Sales in the month of September - 25 %</em>
- <em>Cash Receipts from Accounts for August Sales - 75 %</em>
<u>The Calculation of cash expected to be received from customers in September is as follows :</u>
Cash Sales - September = 120,000 × 25% = 30,000
Credit Sales - August = 104,000 × 75% = 78,000
Total = 108,000
Answer:
The answer is: Yes, the student is right.
Explanation:
Some industries, especially agriculture, work on some unique ways due to their complexity. For instance, the government sets the price floor and the price ceiling for the main crops produced in the country. In order to do this, the government owns and manages huge warehouses and silos.
When the production of crops is higher than usual, the price of that crop will tend to drop because of excessive supply. The government then buys the crop to put a price floor and takes the overstock to its warehouses. That enables the government to control the market so that farmers get a "fair price" for their crops. If the government didn´t do anything, farmers would lose a lot of money and their customers (agricultural corporations) would probably overstock. That at the same time would cause further problems in the future due to lower future sales because the agricultural corporations companies are overstocked.
When farmers have a bad year due to drought or flooding, their production levels will fall, so the price of the crops would rise due to excessive demand. Then the government sells the crops it had stored previously in its warehouses to put a price ceiling. If the government didn´t do this then a lot of poor people would not be able to buy enough quantities of food.
Answer:
B.
compute depreciation for a full year under straight minusline depreciation and multiply it by the fraction of the year that you held the asset.
Explanation:
Under straight-line depreciation, the asset value is spread equally throughout its useful life.
To get the depreciation of a partial year, you need to calculate the depreciation a full year first.
Divide the asset value by the number of its useful years to get depreciation value for one year. To compute partial depreciation, you need to establish the fraction of the year to be depreciated. Divide the number of months by twelve to get the fraction.
To get actual depreciation, multiply this fraction by a full year depreciation.
Answer:
Break-even quantity= 9520 units
Explanation:
Giving the following information:
The projections include a sales price of $39.
Variable costs per unit of $14.
Fixed costs of $238,000.
The operating cash flow is $24,300.
Break-even quantity= Fixed costs/contribution margin
Break-even quantity= 238000/(39-14)= 9520 units
