Business, 17.08.2021 04:10 anitadefrances

Use the following information to answer the next 5 questionsLash Corporation has the following sales budget for the last half of 2000:(Assume all credit sales)July $100,000 October $90,000August 80,000 November 100,000September 110,000 December 94,000Historically, the cash collection of sales has been as follows:65 percent of sales collected in month of sale,25 percent of sales collected in month following sale, and10 percent of sales collected in second month following sale.1) What are the expected cash collections in September?a. 86000b. 97100c. 98500d. 1015002) What is acciounts receivable at September 30?a. 8000b. 46500c. 71500d. 1100003) What are the expected cash collections in November?a. 86000b. 97100c. 98500d. 1015004) What are the expected cash collections in December?a. 86000b. 95100c. 98500d. 1015005) What us accounts Receivable at Decemeber 31?a. 10000b. 15000c. 32900d. 42900

Answers: 2

Show answers

Another question on Business

Business, 22.06.2019 01:50

Amanda rice has just arranged to purchase a $640,000 vacation home in the bahamas with a 20 percent down payment. the mortgage has a 7 percent apr compounded monthly and calls for equal monthly payments over the next 30 years. her first payment will be due one month from now. however, the mortgage has an eight-year balloon payment, meaning that the balance of the loan must be paid off at the end of year 8. there were no other transaction costs or finance charges. how much will amanda’s balloon payment be in eight years

Answers: 3

Answer

Business, 22.06.2019 08:00

How do communism and socialism differ in terms of the role that government plays in the economy ?

Answers: 1

Answer

Business, 22.06.2019 16:30

Suppose that electricity producers create a negative externality equal to $5 per unit. further suppose that the government imposes a $5 per-unit tax on the producers. what is the relationship between the after-tax equilibrium quantity and the socially optimal quantity of electricity to be produced?

Answers: 2

Answer

Business, 22.06.2019 22:00

Most economists report the elasticity of demand asa. the absolute value of the actual number.b. a negative number, since price and quantity demanded move in opposite directions.c. a percentage, since both the numerator and denominator are percentages.d. a dollar amount, since we are measuring the change in price.

Answers: 2

Answer

You know the right answer?

Use the following information to answer the next 5 questionsLash Corporation has the following sales...

Questions