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lawyer [7]
3 years ago
10

QS 20-18 (Static) Schedule of cash receipts LO P2 X-Tel budgets sales of $60,000 for April, $100,000 for May, and $80,000 for Ju

ne. Sales are 40% cash and 60% on credit. All credit sales are collected in the month following the sale. Total sales for March were $25,000. Prepare a schedule of cash receipts from sales for April, May, and June.
Business
1 answer:
Fynjy0 [20]3 years ago
6 0
Yo i don’t know 25,0000
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Gillian is easily impressed by make-up which claims to be manufactured with the use of crystals, but without really wondering ab
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Corpus Callosum

Explanation:

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Vaughn uses the periodic inventory system. For the current month, the beginning inventory consisted of 7200 units that cost $14.
mixas84 [53]

Answer:

Ending inventory= $144,150

Explanation:

Giving the following information:

Beginning inventory consisted of 7200 units that cost $14.00 each.

Purchase:

3000 units at $15.00 each

12,200 units at $15.50 each.

Vaughn also sold 13,100 units during the month.

<u>To calculate the ending inventory using the FIFO (first-in, first-out) method, we need to use the cost of the lasts units incorporated into inventory:</u>

Ending inventory= 9,300*15.5

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3 years ago
why should social media managers begin the budgeting process for their social marketing program well before final budget numbers
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6 0
1 year ago
Last year you paid $24 for a round of golf and $12 to rent a golf cart. This year it cost you $33 to golf and $15 to rent a cart
adelina 88 [10]

Answer:

$133.33

Explanation:

In the above , the base price which is meant to the the last year price would be;

T = $24 + $12

T = $36

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C = $33 + $15

C = $48

The consumer price index per the above question is calculated as;

Price index = (Current price / Base price period) × 100

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Price index = $133.33

8 0
3 years ago
1. [6 points] Consider the Ricardian model with two economies (Mexico and the U.S.A.) and two commodities (goods and services).
Mrrafil [7]

Answer:

The Ricardian Model as described by David Ricardo is a model which explains  trade between two countries and the products which they are most likely to export. The answer to your problem is given below.

Explanation:

(a) Calculate the autarky price of Goods in both countries: pG, and p*G.

The autarky price here means a price at which there will be no trade between the two countries:

Data:

The marginal product of labor in service industry of home country:

MPLS = 1

The marginal product of labor in goods industry of home country:

MPLG = 1

The marginal product of labor in service industry of foreign country:

MPLS* = 1/4

The marginal product of labor in goods industry of foreign country:

MPLG* = 1/2

The price of services in home country is:  

Ps = $2

The price of goods in foreign country is:

Ps* = 12 Pesos

As per current exchange rate, the value of 12 Pesos is equal to $0.63.

source: https://mxn.currencyrate.today/usd/12

Thus,

Ps* = $0.63

The autarky price of goods in both countries are calculated as follows:

Ps/PG = MPLS/MPLG

2/PG = 1/1

PG = $2

And,

Ps*/PG* = MPLS*/MPLG*

0.63/PG* = (1/4)/(1/2)

PG* = $1.26

7 0
3 years ago
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