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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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Explanation:

Friedman defends the position that companies have a social responsibility to act to maximize profit, in the sense that, the primary function of companies is to generate profit. The author goes against the growing opinions in society that companies must have social responsibility, that is, they need to create a positive and sensitive corporate image to please political and society interests and counter or even soften the words and actions its central purpose, which is profit generation. For him, social responsibility cannot be politicized in order to be an obligation of companies, as it limits freedom and interests arising from the business.

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3 years ago
Which of the following is in a country's best interests, according to the main tenet of mercantilism? A. importing products from
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Answer:

A) importing products from developing rather than developed countries

Explanation:

Mercantilism asserts that countries should simultaneously encourage exports and discourage imports. Therefore, it is in a country's best interest to maintain a trade surplus, i.e. have more exports than imports. Mercantilism believes that governments should intervene the markets in order to achieve a trade surplus.

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3 years ago
Carol takes out an insurance policy on her car. Carol can assign her policy to a third party
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4 0
3 years ago
A company issued 5%, 20-year bonds with a face amount of $60 million. The market yield for bonds of similar risk and maturity is
Lesechka [4]

Answer:

Total $53.0656 (millions)

Explanation:

We will need to add the present value of the coupon payment

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<u>present value of the annuity:</u>

C \times \frac{1-(1+r)^{-time} }{rate} = PV\\

C= 60 million x 5% /2 1.5

time= 20 years 2 payment per year = 40

rate = 6% annual = 0.06/2 = 0.03 semiannually

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<u>present value of the bonds:</u>

\frac{Maturity}{(1 + rate)^{time} } = PV

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time 40

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\frac{60}{(1 + 0.03)^{40} } = PV

PV        $18.3934

<u>The value of the bond will be the sum of both</u>

PV c $34.6722

PV m  $18.3934

Total $53.0656

7 0
3 years ago
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Shtirlitz [24]

Answer:

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8 0
3 years ago
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