Business, 06.12.2019 17:31 danielamejia13
Wichita industries' sales are 10% cash and 90% on credit. credit sales are collected as follows: 30% in the month of sale, 50% in the next month, and 20% in the following month. on december 31, the accounts receivable balance includes $12,000 from november sales and $42,000 from december sales. assume that total sales for january are budgeted to be $50,000. what are the expected cash receipts for january from the current and past sales?
a. $18,500.
b. $51,500.
c. $51,900.
d. $55,500.
e. $60,500
Answers: 2
Business, 22.06.2019 01:30, sophie5064
How will firms solve the problem of an economic surplus a. decrease prices to the market equilibrium price b. decrease prices so they are below the market equilibrium price c. increase prices
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Business, 23.06.2019 00:30, RSanyuathey711
Braden’s ice cream shop is losing business. he knows that customers are no longer choosing his product because a competing product has become less expensive, yet he has refused to lower his prices. what has happened to braden’s business?
Answers: 1
Business, 23.06.2019 01:30, peno211
Vortex company operates a retail store with two departments. information about those departments follows. department a department b sales $ 800,000 $ 450,000 cost of goods sold 497,000 291,000 direct expenses salaries 125,000 88,000 insurance 20,000 10,000 utilities 24,000 14,000 depreciation 21,000 12,000 maintenance 7,000 5,000 the company also incurred the following indirect costs. salaries $36,000 insurance 6,000 depreciation 15,000 office expenses 50,000 indirect costs are allocated as follows: salaries on the basis of sales; insurance and depreciation on the basis of square footage; and office expenses on the basis of number of employees. additional information about the departments follows. department square footage number of employees a 28,000 75 b 12,000 50 required: 1. determine the departmental contribution to overhead and the departmental net income for department a and department b.
Answers: 2
Wichita industries' sales are 10% cash and 90% on credit. credit sales are collected as follows: 30...
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