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3 years ago

How are laws of supply and demand similar

2 answers:

4 0

Like the law of demand, the law of supply demonstrates the quantities that will be sold at a certain price. ... But unlike the law of demand, the supply relationship shows an upward slope. This means that the higher the price, the higher the quantity supplied.

Anuta_ua [19.1K]3 years ago

4 0

They both upper and lower slope

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During 2016, Frank Company incurred $200,000 in legal fees in defending a patent with a carrying value of $3,500,000 against an

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Answer: $320,000

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Serena just finished making a buyer presentation to Mark and Debbie Calhoun. Now that they understand the difference between bei

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Notifying Serena of any material changes

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4 years ago

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3 years ago

Read 2 more answers

A company has net credit sales of $ 1 comma 300 comma 000, beginning net accounts receivable of $ 270 comma 000, and ending ne

AveGali [126]

Answer:

66.36 days

Explanation:

Calculation of the days' sales in accounts receivable .

Using this formula

Accounts Receivable Turnover Ratio = [Net credit sales (Beginning net account receivable +Ending net account receivable)/2)]

Let plug in the formula

[$1,300,000/($270,000 + $202,000)/2)]

$1,300,000/($472,000/2)

=$1,300,000/236,000

=$5.50 Days' sales in receivables

= 365/5.5

= 66.36 days

Therefore the days' sales in accounts receivable will be 66.36 days

5 0

3 years ago

Jasper Company has 70% of its sales on credit and 30% for cash. All credit sales are collected in full in the first month follow

hjlf

Jasper Company Cash Receipts Budget shows the estimated cash receipts from customers and other sources.

<h3>Cash Receipts Budget for April, May, and June:</h3>

April May June Total

Cash Sales 30% $157,500 $160,500 $168,000 $486,000

Credit Sales 70% 400,000 367,500 374,500 1,142,000

Total $557,500 $528,000 $542,500 $1,628,000

Calculations:

a) Cash Sales for April = 30% of April Sales = 30% * $525,000 = $157,500. The difference of 70% is received in May.

b) Sales received on account for April = 100% of Accounts Receivable = $400,000.

c) Cash Sales for May = 30% of April Sales = 30% * $535,000 = $160,500. The difference of 70% is received in June.

d) Cash Sales for June = 30% of April Sales = 30% * $560,000 = $168,000. The difference of 70% is received in July.

To learn more about cash receipts visit the link

brainly.com/question/15561219

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2 years ago