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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:

closest to: B) $7777

Explanation:

NPV ( net presetn value) cashflow - investment

<u>cost savings present value (ordinary annuity):</u>

C \times \frac{1-(1+r)^{-time} }{rate} = PV\\  

C   $8,500

time         5 years

rate  0.12

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salvage value present value:

\frac{salvage}{(1 + rate)^{time} } = PV  

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rate  0.12

\frac{2000}{(1 + 0.12)^{5} } = PV  

PV   1,134.85  

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4 0
3 years ago
Which of the following statements is correct?
GREYUIT [131]

Answer:

The answer is: A) All items that are included in M1 are included also in M2.

Explanation:

I guess this question is about money supply.

The money supply is the total amount of money available in an economy. It includes:

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A liability created when a business collects cash from customers in advance of providing services or delivering goods is called?
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