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Debora [2.8K]
2 years ago
9

The regular pattern of collection of credit sales is 30% in the month of sale, 60% in the month following the month of sale, and

the remainder in the second month following the month of sale. There are no bad debts. The budgeted accounts receivable balance on May 31 would be:
Business
1 answer:
scZoUnD [109]2 years ago
3 0

Answer:

$242,000

Explanation:

Calculation for what The budgeted accounts receivable balance on May 31 would be

Accounts Receivable

Debit side

April 320,000

May 300,000

Total $620,000

Credit side

April 96,000 (30% x 320,000)

April 192,000 (60% x 320,000)

May 90,000 (30% x 300,000)

Total=$378,000

The budgeted accounts receivable balance=$620,000-$378,000

The budgeted accounts receivable balance=$242,000

Therefore The budgeted accounts receivable balance on May 31 would be $242,000

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Answer: I would say communication and honesty

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7 0
3 years ago
Susan put her savings into a mutual fund that paid a nominal interest rate of 3 percent a year at the beginning of 2005. The CPI
Kay [80]

Answer:

-0.11% a year

Explanation:

Susan's real interest rate is the nominal rate of her investment subtracted by the percentage increase in CPI.

The percentage increase in CPI for 2005 was:

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Therefore, Susan's real interest rate (i) was:

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3 years ago
A 480 item pencil and paper standardized test of 20 personality dimensions used in selecting managers, sales associates and lead
11111nata11111 [884]

Answer:

Hogan Personality Inventory

Explanation:

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It is part of the Hogan Assessment tests used to predict job performance.

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3 years ago
A tire without good traction has less _____.
zavuch27 [327]

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A tire without good traction has less grip on the road.

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Read more on Brainly.com - brainly.com/question/12817926#readmore

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3 years ago
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Everything else held constant, an increase in the excess reserves ratio causes the m1 money multiplier to ________ and the money
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The M1 money multiplier decreases and the money supply decreases when the required reserve ratio on checkable deposits rises, all else being equal.

<h3>What is the reserve ratio?</h3>

The percentage of deposits that commercial banks must retain in cash under the guidance of the central bank is known as the cash reserve ratio.

<h3>How is reserve ratio determined?</h3>
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<h3>What is an example of the reserve ratio?</h3>

The required reserve ratio is directly correlated to how much a bank expands the money supply. For instance, if a bank has deposits totaling $1,000,000 and a reserve ratio of 10%, it can lend out $900,000.

learn more about reserve ratio here

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