Answer:
cash collections from credit sales that the company will include in its cash budget for the second month is $55,500
Explanation:
Second Month Cash Collections will include the following Cash flows:
(1) 60% of the 2nd month`s sales
(2) 35 % of the 1st month`s sales
<u>Therefore cash collections from credit sales :</u>
(1) 60% of the 2nd month`s sales ( $68,000×60%) = $40,800
(2) 35 % of the 1st month`s sales ( $42,000× 35 %) = $14,700
Total cash collections = $55,500
The answer here is ‘aging’.
I hope this can help.
<u>Solution and Explanation:</u>
The correct answer is I, II, III, and IV
The reason behind is that joint cost is always related to the multifarious products. Joint expense is the assembling cost brought about on a joint creation process which takes regular sources of info however at the same time delivers various items called joint-items, for example, preparing of raw petroleum at the same time yields gas, diesel, stream fuel, greases and different items.
So, as to apportion expenses to such joint items, bookkeepers need to utilize an appropriate cost portion technique on a predictable premise. The joint cost alludes to that cost which is brought about before the split-off point on the creation or assembling of numerous items, by expending similar data sources or factors of creation.
Answer:
Discouraged; are not
Marginally attached; are not
Employed; are
Explanation:
Those workers who have had a job in past but are currently unemployed and are not currently looking for work because they were not able to find job are called discouraged workers.
They believe they will not find a job now so have stopped looking. These workers are not included in the labor force.
Marginally attached workers are those workers who are not employed but are not looking for work because of a number of reasons such as illness, school, responsibility, etc. These workers are also not included in labor force.
Those workers who would like to have full-time job but are employed part-time are considered employed. These workers are included in the labor force.
Answer:
False
Explanation:
A common size income statement is an income statement expressed in percentages. Each line item is expressed as a percentage of total revenue or total sales, not as a percentage of net income.
A common size income statement is used to analyze the relative weight of the company's accounts, e.g. gross margins, net margins, manufacturing expenses relative to total sales, etc.
