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ki77a [65]
3 years ago
15

Cruz trading's beginning and ending balance accounts receivable for the year were $30,000 and $200,000 respectively, while the c

redit sales were $825,000. calculate the cash collections from customers for the year.
Business
1 answer:
yulyashka [42]3 years ago
6 0
The answer is "$655,000".

Beginning balance = <span>$30,000
</span>Ending Balance = <span>$200,000 
</span><span>Credit sales = $825,000

</span><span>Cash collections from customers for the year = credit sales - (ending balance - beginning balance)

= </span>$825,000 - ($200,000 - $30,000)
= $825,000 - $170000
= $655,000

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An amount of $2,500 is deposited in a savings account that earns 2.5% interest. Which is the future value
Lynna [10]

Answer:

$3,208

Explanation:

The computation of the future value is shown below;

As we know that

Future valie = Present value × (1 + rate of interest)^number of years

where

Present value is $2,500

Rate of interest = 2.5% ÷ 4 = 0.625%

And, the time period is = 10  × 4 = 40

So, the future value is

= $2,500 × (1 + 0.625%)^40

= $3,208

5 0
2 years ago
Quickbrush Paint Company is developing a linear program to determine the optimal quantities of ingredient A and ingredient B to
Sonbull [250]

Answer:

A. 0.9x + 0.3y ≤ 10,000

Explanation:

Given

x \to oil based plant

y \to water based plant

The data can be represented in tabular form as:

\begin{array}{ccc}{} & {A} & {B}  & {x} & {90\%} & {10\%}  & {y} & {30\%} & {70\%} & {} & {10000} & {5000}\ \end{array}

Considering only A, we have the following constraints:

A \to 90\% * x + 30\% * y

A \to 0.9x + 0.3y

Since the company currently has 10000 of A.

The above constraint implies that, the mixture cannot exceed 10000.

So, we have:

A \to 0.9x + 0.3y \le 10000

<em>Hence, (A) is correct</em>

4 0
2 years ago
Rachel's Designs has 1,100 shares of 7%, $50 par value cumulative preferred stock issued at the beginning of 2019. All remaining
gladu [14]

Answer:

The dividend payable to the cumulative preferred stock holers in 2021 is $11,550 while the amount payable to common stock holders is $1,450.

Explanation:

Cumulative preferred stock dividends accrue and becomes payable when the reporting entity has favourable cash flows. Rachael Designs plans to make payment of $13,000 dividends in 2021. As the annual cumulative preferred dividend is $3,850 (1,100 shares x $50 x 7%), the amount due over three years will be $3,850 x 3 whcih is $11,550. Thus, out of the proposed cash outflow of $13,000, the amount of $11,550 will be paid to cumulative preferred stock holders while only $1,450 will be paid to the common stock holders.

5 0
3 years ago
Which statement is FALSE? Select one: a. Diluted EPS is never higher than Basic EPS b. Use of the "Treasury Stock Method" determ
7nadin3 [17]

Answer:

big pp

Explanation:

very small pp

6 0
3 years ago
You were planning to spend Friday working at your part-time job, but a friend asks you to go kayaking.
N76 [4]

The statement that applies are the rental of ant kayak equipment you need the wages that you forgo by going kayaking and the fee for accessing the river in a national park

Explanation:

The true cost for going to a particular place includes all that costs that are included from moving to a place that includes all the wages and the vehicle cost

Here the opportunity costs includes the fee to go to the national park by crossing the river and the amount that is needed to be spent on the equipment and the wages that must be forgo by going to kayaking all these statements best includes the true costs of going to kayaking

7 0
3 years ago
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