Answer:
Total cash collection= $282,520
Explanation:
Giving the following information:
Sales May= 400 units
Sales June= 400*1.03= 412 units
Selling price= $700
30% of Zhang's sales are for cash.
The remaining 70% are credit sales; these customers pay in the month following the sale.
<u>To calculate the cash receipts, we need to use the following structure:</u>
Cash collection June:
Sales in Cash June= (412*700)*0.3= 86,520
Sales in Account from May= (400*700)*0.7= 196,000
Total cash collection= $282,520
Answer:
Accounts payable would be 20.42% of the balance sheet , when preparing a vertical analysis.
Explanation:
In the question it is told that Ginger bread is doing a vertical analysis, where when we have to calculate the percentage of certain item of the balance sheet , we will use formula -
( Balance sheet item / Total liability ) x 100
Given information - Accounts payable = $245,000
Total liabilities = $1200,000
Putting these values in formula -
= $245,000 / $1200,000 X 100
= .20416 X 100
= 20.416
= 20.42% ( APPROXIMATELY )
Answer:
Ponzi scheme
Explanation:
Ponzi scheme is a fraud investment strategy that promises to pay a substantial sum of returns. In a Ponzi scheme, generate income for the old investor by using the money of the newest investor and this chain goes on. This is basically a fraudulent scam or investment strategy to get a significant amount of money. Ponzi scheme is similar to pyramid strategy both are based on using new investor’s fund.
Answer:
Pull Strategy
Explanation:
The Pull Strategy is a marketing strategy which consists in having the customer seek the product by himself or herself.
The goal is to create consumer demand before kickstarting production.
In this case, we have a perfect example of a pull strategy, because Hyun will not start production unless it has proof of demand from a customer, the proof being a order.
Answer:
$99,110
Explanation:
The commission due to Dowd is a function of the surplus made in the region over the annual quota.
Given that the annual quota for the Southern region is $450,000 and the sales in the same region for the year is $698,000.
The surplus sales over the annual quota
= $698,000 - $450,000
= $258,000
Since Dowd receives a commission of 4½ percent for all sales over the given quota,
Dowd's commission = 4½ × $258,000
= $11,610
The amount of salary and commissions due to Dowd
= $87,500 + $11,610
=$99,110