The best cooling methods include all the following except

JustDoIt Corporation collects 35% of a month's sales in the month of sale, 45% in the month following sale, and 20% in the secon

PilotLPTM [1.2K]

Answer:

Option a= $193,000.

Explanation:

So, we are given the following parameters in the question above; 35% of a month's sales in the month of sale, 45% in the month following sale, and 20% in the second month following sale. For the next four months, the Budgeted sales are; April budgeted sales= 120,000, May budgeted sales = $150,00, June budgeted sales = $230,000 and July budgeted sales = $170,000.

Therefore, The amount of cash that will be collected in July is budgeted to be:

(35% × 170,000) + (45% × 230,000) + (20% × 150,000).

= $193,000.

4 0

4 years ago

Read 2 more answers

Which scheme involves telling victims that certain financial instruments have been issued by legitimate organizations, and that

Blizzard [7]

A primary bank investment fraud scheme involves telling victims that certain financial instruments have been issued by legitimate organizations and that those investments are high-payoff and low-risk.

Investors' money will allegedly be used to purchase and trade "Prime Bank" instruments, according to Prime Bank programs. A type of investment scheme known as prime bank fraud guarantees extraordinarily high yields in a short amount of time. People assert that they have access to undiscovered financial products that they can purchase at a discount and resell for a profit. These financial products are made up in reality. By linking these products to prestigious international banks or elite-only government banking systems, people try to give the impression that they are legitimate. Investors are intentionally misled into thinking that these financial products are affiliated with reputable financial institutions.

More about investment fraud brainly.com/question/13140407

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8 0

2 years ago

6. If the price elasticity of supply is 1.2, and a price increase led to a 5% increase in quantity supplied, then the price incr

PolarNik [594]

Answer:

Price increase is about 4.2%

Explanation:

Price Elasticity of Supply (PES) is a measure of the responsiveness of the quantity of a particular good/service supplied to a change in price.

The price elasticity of supply is mathematically the ratio of the percentage change in quantity supplied to the percentage change in price.

$PES = \frac{\%\ change\ in\ quantity}{\%\ change\ in\ price} \\where\\PES= 1.2\\\% change\ in\ quantity = 5\%\\\%\ change\ in\ price = ???\\\therefore 1.2 = \frac{5}{\%\ change\ in\ price}\\ \%\ change\ in\ price = \frac{5}{1.2} \\\%\ change\ in\ price = 4.16\%$

5 0

3 years ago

Newberry, Inc., whose reporting currency is the U.S. dollar ($), has a subsidiary in Argentina, whose functional currency also i

Mnenie [13.5K]

Answer:

1. $46,000

2.$46,000

Explanation:

According to the scenario, computation of the given data are as follows,

Inventory price = 230,000 pesos

1. Consolidated balance sheet amount = Inventory price × Rate on November 1, 2017

= 230,000 × $0.20

= $46,000

2. Consolidated statement cost of goods sold for the year ending December 31, 2018 = Inventory price × Rate on November 1, 2017

= 230,000 × $0.20

= $46,000

3 0

3 years ago

Changing compounding frequency Using annual, semiannual, and quarterly compounding periods, (1) calculate the future value if

tia_tia [17]

Answer:

a). Future value=$8,811.71

effective annual rate is=12%

B. Future value =$8,954.23

effective annual rate=12.36%

C Future value quarterly=$9,030.56

effective annual rate=12.55%

Explanation:

The formula to be used =

FV = PV (1 + r/m)^mn

FV = Future value

PV = Present value = $5,000

R = interest rate = 12%

M = number of compounding per year

N = number of years = 5

Formula for effective annual rate = (1 + r/m) ^m - 1

1. Annual compounding

$5,000 x (1 + 0.12)^5 = $8811.71

EAR = (1.12)^1- 1 = 0.12= 12%

2. semiannual

$5,000 x (1 + 0.12 /2)^10 = $8954.24

EAR =(1 + 0.12 / 2 )^2- 1 = 0.1236 = 12.36%

quarterly

$5,000 x (1 + 0.12 /4) ^ 20=$9,030.56

EAR = (1 + 0.12 / 4 )^4 - 1 = 12.55%

I hope my answer helps you

6 0

3 years ago