Lpd logistics, inc.'s projected sales for the first six months of 2010 are given below. jan. $300,000 april $350,000 feb. $350,000 may $500,000 mar. $475,000 june $400,000 20% of sales are collected in the month of the sale, 75% are collected in the month following the sale, and 5% are written off as uncollectible. cost of goods sold is 80% of sales. purchases are made the month prior to the sales and are paid during the month the purchases are made (i. e. goods sold in march are bought and paid for in february). total other cash expenses are $35,000/month. the company's cash balance as of february 1, 2010 will be $30,000. excess cash will be used to retire shortminusterm borrowing (if any). lpd has no short term borrowing as of february 28, 2010. assume that the interest rate on shortminusterm borrowing is 1% per month. the company must have a minimum cash balance of $20,000 at the beginning of each month. what is lpd's projected total receipts (collections) for march? a. $475,000 b. $310,000 c. $357,500 d. $456,000

Over the past several years, joyce chen has been able to save regularly. as a result, today she has $54,188 in savings and investments. she wants to establish her own business in 5 years and feels she will need $100,000 to do so. a. if she can earn 6% on her money, how much will her $54,188 in savings/investments be worth in 5 years? will joyce have the $100,000 she needs? if not, how much more money will she need? b. given your answer to part a, how much will joyce have to save each year over the next 5 years to accumulate the additional money? assume she can earn interest at a rate of 6%. c. if joyce can afford to save only $4,000 a year then, given your answer to part a, will she have the $100,000 she needs to start her own business in 5 years?

Expert computers was started in 2018. the company experienced the following accounting events during its first year of operation: started business when it acquired $40,000 cash from the issue of common stock. purchased merchandise with a list price of $32,000 on account, terms 2/10, n/30. paid off one-half of the accounts payable balance within the discount period. sold merchandise on account for $28,000. credit terms were 1/20, n/30. the merchandise had cost expert computers $16,000. collected cash from the account receivable within the discount period. paid $2,100 cash for operating expenses. paid the balance due on accounts payable. the payment was not made within the discount period. required record the events in a horizontal statements model below. in the cash flows column, use the letters oa to designate operating activity, ia for investing activity, fa for financing activity, or nc for net change in cash. if the account is not affected by the event, leave the cell blank. the first event is recorded as an example. what is the amount of gross margin for the period? what is the net income for the period?

If gerry is approved for a $150,000 mortgage at 3.75 percent interest for a 30-day loan, what would the monthly payment be?