1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Luba_88 [7]
2 years ago
12

The lagrange corporation had the following budgeted sales for the first half of the current year: cash sales credit sales januar

y $70,000 $340,000 february $50,000 $190,000 march $40,000 $135,000 april $35,000 $120,000 may $45,000 $160,000 june $40,000 $140,000 the company is in the process of preparing a cash budget and must determine the expected cash collections by month. To this end, the following information has been assembled: collections on sales: 60% in month of sale 30% in month following sale 10% in second month following sale the accounts receivable balance on january 1 of the current year was $70,000, of which $50,000 represents uncollected december sales and $20,000 represents uncollected november sales. The total cash collected during january by lagrange corporation would be:
SAT
1 answer:
USPshnik [31]2 years ago
5 0

Assuming $20,000 represents uncollected november sales. The total cash collected during january by lagrange corporation would be:$331.500.

<h3>Total cash collected</h3>

First step

Total Credit Sales in December= $50,000/40%

Total Credit Sales in December= $125,000

Second step

Total cash collected during January = Cash sales of January + (60% x Credit sales of January) + (30% x Credit sales of December)+ Uncollected November sales

Let plug in the formula

Total cash collected during January = $70,000 + (60% x $340,000) + (30% x $125,000) + $20,000

Total cash collected during January=$70,000+204,000+37,500+$20,000

Total cash collected during January=$331,500

Inconclusion the total cash collected during january by lagrange corporation would be:$331.500.

Learn more about Total cash collected here:brainly.com/question/17270007

You might be interested in
Please help with number 11 ?
AfilCa [17]

The graphical solution procedure generally means you graph the constraint inequalities to identify the feasible solution region, then locate the objective function curve so as to maximize its value. When the objective function is a linear function, maximizing it generally means locating it at the vertex of the feasible region that makes it farthest from the origin.

The solution is

... (A, B) = (100, 50)

6 0
3 years ago
Why were factories more profitable than the cottage industry approach to textile production?.
mestny [16]

Answer:

Homemade items took longer to create and were not always equal in quality.

Explanation:

took the test

5 0
2 years ago
Classify each of the following as a nonessential element, essential bulk element, or essential trace element.
Sav [38]

The classification of each of the elements into nonessential element, essential bulk element, or essential trace element are as follows:

Nonessential elements:

  • Alumimium,
  • Argon,
  • Helium

Essential bulk elements:

  • Carbon,
  • Nitrogen,
  • Calcium,
  • Hydrogen

Essential trace elements:

  • Iron,
  • Copper.

The complete question

The elements are: Hydrogen, iron, Copper, Nitrogen, Helium, Carbon, Aluminum, Calcium, Argon

<h3>What is Essential and Nonessential Elements?</h3>

Nonessential elements as the name implies are elements which are not necessary for the functional routine of the body and hence are not included in diets.

Essential bulk elements are elements which are needed for the proper functioning of the body and hence are required in relatively large amounts.

Essential trace elements are required in minute quantities in the body.

Learn more about Essential and nonessential elements;brainly.com/question/861262

7 0
2 years ago
Which of the following groups of people would be the least affected by air pollution? a. People with asthma b. Infants c. Teenag
ryzh [129]
I would say C. Because babies lungs system is still developing, people with asthmas lungs are week and so are the elderly’s
4 0
3 years ago
What 68889% -65738 answer the best you can
liubo4ka [24]

Answer:

68889% -65738 = -62587

68889% -65738% = -135.9

3 0
3 years ago
Read 2 more answers
Other questions:
  • A driver’s ____of___should include the entire area of the highway and surroundings you can see
    12·1 answer
  • I WILL GIVE THE CORRECT PERSON BRAINIEST
    5·1 answer
  • New scientific developments, discoveries, and technologies are the results of __________.
    8·1 answer
  • What are the characteristics of planet earth that makes it habitable brainly
    7·1 answer
  • Which of the following is the product of the binomials shown? –15c4 – 7c2d 2d2 –15c4 7c2d 2d2 –15c4 13c2d 2d2 –15c4 13c2d – 2d2
    5·1 answer
  • Ability to manipulate the perceptions of authorities.
    15·1 answer
  • When earth and the moon are separated by a distance of.
    9·1 answer
  • According to the author of ""is online brain training actually effective?"" what is a possible flaw in the author’s reasoning in
    10·1 answer
  • Which term best describes the way the passage is organized the european
    9·1 answer
  • Choose the answer to fill in the blank, which best completes the sentence. choice of medium allows the artist to _______________
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!