Answer:
total cash collections in June = $101050
so correct option is A. $101,050
Explanation:
given data
month cash sales credit sale
march $19,000 $11,000
April $40,000 $11,000
May $43,000 $35,000
June $59,000 $50,000
to find out
total cash collections in June at Feeney Furniture
solution
we find here total cash collections in June that is express as
total cash collections in June = cash sale in June + ( credit sale in June × 62% ) + ( credit sale in May × 30%) + ( credit sale in April × 5%) .............1
put here value we get
total cash collections in June = $59000 + ( $50000 × 62% ) + ( $35000 × 30%) + ( $11000 × 5%)
total cash collections in June = $101050
so correct option is A. $101,050
The <u>ASVAB </u><span>is a multiple choice examination that evaluates the skills of the applicants for enlistment in the US military.
ASVAB is short for Armed Services Vocational Aptitude Battery, and refers to a test that determines whether a person taking it is suitable for the army. High school students can take this test starting from the 10th grade, and if they pass it, they can join the army when they become of age.</span>
Answer:
true
Explanation:
Operating profit is referred to as the profit gained by the corporation in business. it is calculated by subtracting all expenses from the total profit over the given period.
it is considered to be the best way to determine how management tactics are helpful or beneficial for the organization. it helps to decide on the working policy for future goals.
Answer and Explanation:
In the absence of sufficient information about the expenses and other factors, which related to money, we have to consider market price as the value of shrimp.
The value of Shrimp is $10,700 per ton because, In this scenario, we have only market rate to consider the value of shrimp.
Therefore $10,700 is the price of 1-ton shrimp.