The gardner company expects sales for october of $248,000. experience suggests that 45% of sales are for cash and 55% are on credit. the company collects 50% of its credit sales in the month of sale and 50% in the month following sale. budgeted accounts receivable on september 30 is $67,000. what is the amount of accounted receivables on the october 31 budgeted balance sheet? $111,600. $124,000. $67,000. $68,200. $136,400.

$68,200

Explanation:

expected sales      248,000

45% cash

45% of 248,000 =   (111,600)

credit sales

55% of 248,00

136,400

50% current month

136,400 x 0.50 =    (68,200)

Ending Receivable  68,200

The beginning receivable are expected to be collected during october (base on the data are 50% of credit sales for september wich are collected entirely on next month)

answerup to (3) three years;

answer: in the short-run firms will respond by raising the price of turkey.

explanation: initially the long-run equilibrium is at a price of $5 per pound of turkey and a quantity of 50 million pounds per year. now, when webmd claims that a protein found in turkey will increase your expected lifespan by 4 years. the consumers demand for turkey will increase at every price shifting the demand curve to the right from d1 to d2. while, there will be no change in the supply curve in the short-run as it is not possible for producers to adjust supply so quickly. as a result the new equilibrium will occur at a higher price and a higher quantity of turkey.

thus, in the short run firms will respond by increasing the price of turkey, selling more quantity at a higher price and earning economic profits.