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Mariana [72]
3 years ago
11

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

econd month following sale. Budgeted sales for the upcoming four months are:
The amount of cash that will be collected in July is budgeted to be
A. $66.500
B. $183,000
C. $171,000
D. $116, 500
Business
1 answer:
Alisiya [41]3 years ago
3 0

Answer:

B. $183,000

Explanation:

Calculation to determine The amount of cash that will be collected in July is budgeted to be

Budgeted collection in July = July sales (190,000*35%) + June sales (210,000*45%) + May sales (110,000*20%)

Budgeted collection in July =$66,500 +$94,500 + $22,000

Budgeted collection in July=$183,000

Therefore The amount of cash that will be collected in July is budgeted to be $183,000

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exists when a production or consumption of a product results in a coast of third party

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A heavy snowstorm is predicted to occur in Boston on the same night as the city’s professional basketball team is playing a game
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If the price of the ticket is reduced, the quantity demanded would increase

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3 years ago
Which of the following is true of grapevine communication? a. It has a reputation for being speedy but inaccurate. b. It passes
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Answer:

The correct answer is a. It has a reputation for being speedy but inaccurate.

Explanation:

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4 years ago
Read 2 more answers
Which statement best describes a characteristic of a relational database?
erastovalidia [21]

Answer:

<u>B.</u><u> It contains tables with fields that are associated with one another.</u>

<em>Why the other choices are wrong</em>

C and D are wrong because a relational database is a database that contains tables with fields that are associated with one another. D is wrong because it is a feature that is used to add queries to tables.

<em>Further explanation of concepts:</em>

What is a relational database?

A relational database is a database that stores data in the form of tables. The tables are then linked together by relationships. This makes it easy to access data in the database and to create new relationships between data.

What are queries?

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8 0
1 year ago
The rule to remember when accounting for bonds sold at a premium or at a discount is that Bonds Payable is always credited for t
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Answer:

Cr Bonds Payable account 50,000

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The complete journal record should be:

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