Business, 24.06.2019 11:00 iBrain

Silver company makes a product that is very popular as a mother’s day gift. thus, peak sales occur in may of each year, as shown in the company’s sales budget for the second quarter given below: april may june total budgeted sales (all on account) $300,000 $500,000 $200,000 $1,000,000 from past experience, the company has learned that 20% of a month’s sales are collected in the month of sale, another 70% are collected in the month following sale, and the remaining 10% are collected in the second month following sale. bad debts are negligible and can be ignored. february sales totaled $230,000, and march sales totaled $260,000. required: 1. prepare a schedule of expected cash collections from sales, by month and in total, for the second quarter. 2. what is the accounts receivable balance on june 30th?

Answers: 1

Show answers

Another question on Business

Business, 22.06.2019 13:50

The state troopers in one state have a motto, “nine you’re fine; ten you’re mine,” which is the standard that they use for pulling over speeders on the state highways. in other words, if the posted speed limit is 55 mph, drivers can drive at a rate up to 64 mph without fear of getting a ticket. which of the following best describes the ethical culture in the state? a. the troopers are following a standard of positive law. b. the troopers are following a normative standard. c. the troopers are following a headline test. d. the troopers are following the blanchard/peale standard.

Answers: 1

Answer

Business, 22.06.2019 17:40

Within the relevant range, if there is a change in the level of the cost driver, then a. total fixed costs will remain the same and total variable costs will change b. total fixed costs will change and total variable costs will remain the same c. total fixed costs and total variable costs will change d. total fixed costs and total variable costs will remain the same

Answers: 3

Answer

Business, 22.06.2019 22:00

In which of the following games is it clearly the case that the cooperative outcome of the game is good for the two players and bad for society? a. two oil companies own adjacent oil fields over a common pool of oil, and each company decides whether to drill one well or two wells.b. two airlines dominate air travel between city a and city b, and each airline decides whether to charge a "high" airfare or a "low" airfare on flights between those two cities.c. two superpowers decide whether to build new weapons or to disarm.d. in all of the above cases, the cooperative outcome of the game is good for the two players and bad for society

Answers: 3

Answer

Business, 23.06.2019 00:30

Emerson has an associate degree based on the chart below how will his employment opportunities change from 2008 to 2018

Answers: 2

Answer

You know the right answer?

Silver company makes a product that is very popular as a mother’s day gift. thus, peak sales occur i...

Questions