After solving the profit equation to isolate price, you have:

The Bears Corporation has provided you the following information:Increase in accounts receivable balance 50,000 Net sales 500,00

Sliva [168]

Answer:

A. cash collected is 442,500

B. Cash paid to suppliers is 62,000

Explanation:

A. To determine the cash collected for the period, the account that we should analyze is the accounts receivable.

Net sales 500,000

Less: Increase in accounts receivable 50,000

Less: write off 7,500

total collection 442,500

*increase in accounts receivable means lesser amount of collection than the sale on account

*write off will decrease the accounts receivable which means, it affects the cash collection computation.

B.To determine the cash paid to suppliers, let’s analyze the accounts payable account.

Increase in inventory 45,000

add: decrease in accounts payable 17,000

total cash paid to suppliers is 62,000

*increase in inventory implies an additional purchase made by the company

*decrease in accounts payable resulted from cash payment made to suppliers.

5 0

4 years ago

The Davis family purchased a house last year. They put $20,000 towards a down payment and took out a $265,000 mortgage. Because

velikii [3]

Budgeting is the earning of the estimated income and its expenditure on various bills and daily utilities. For maintaining a balance of income, budgeting is done so that expenses do not exceed the income.

$2,850 is a good yearly estimate of repairs and maintenance for the Davis family’s home.

<h3>How to estimate repair and maintenance?</h3>

Given,

Down Payment = $20,000
Mortgage = $265,000
Purchase price of the house = $285,000

1% of the purchase price is budgeted for repair and maintenance (X) and will be estimated as:

$\begin{aligned} 1\% &= \dfrac{\rm X}{\$285000} \times 100\\
\\
\rm X &= \dfrac{1\% \times \$285000}{100\%}\\
\\
\rm X &= \$ 2850\end{aligned}$

Therefore, <em>option c</em>. $2850 is the repair and maintenance cost.

Learn more about budgeting here:

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8 0

3 years ago

XYZ Corp. applies manufacturing overhead costs to products at a budgeted indirect-cost rate of $65 per direct manufacturing labo

anzhelika [568]

Answer:

Total production costs= $57,500

Explanation:

Giving the following information:

Estimated manufacturing overhead rate= $65 per direct manufacturing labor-hour.

Direct materials of $35,000

250 direct manufacturing labor-hours at $25 per hour

<u>First, we need to allocate overhead:</u>

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 65*250= $16,250

<u>Now, the total production costs:</u>

Total production costs= 35,000 + 25*250 + 16,250

Total production costs= $57,500

8 0

3 years ago

In Guadalajara, Mexico, Mercado LibertaddashSan Juan de Dios is a vast, crowded, bustling array of booths and vendors selling

Brums [2.3K]

Answer: C. a market

A market refers to place where buyers and sellers of various goods or commodities interact with each other in order to trade various goods, services and even contracts for money or for barter.

Buyers and sellers may interact with each either directly or through other intermediaries like dealers or retailers.

A market may be an actual physical place or a virtual market place.

6 0

4 years ago

Fitfabfun, trunk club, and naturebox represent a social media trend for the future. What change does this represent?

wel

This represents online and subscription-based personal shopping.

Fitfabfun, Trunk Club, and Naturebox offer their services on a subscription basis and as written this represents the trend of social media in the future and this represents online and subscription-based personal shopping.

The main qualifications of an online shopper are the physical strength to move and lift items during the shift and the ability to process orders with a high level of accuracy. Employers prefer applicants with customer service, hospitality, retail, or grocery experience.

An online personal shopper is a retailer who helps customers shop. Individual buyers who work in the fashion industry typically focus on selling clothing and accessories and often survey their customers before purchasing an item to better understand their personal styles and preferences.

Disclaimer: Learn more about online shopping here

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#SPJ4

7 0

2 years ago