Answer:
Demand curve for Sheila's plates and cups
Explanation:
we have to write the demand function for Shiela's
we solve for a solving for the line that cross two points:
Then we solve for b:
b = 22.5
Last we build the demand curve
The CFO of Twine Enterprises expects sales to increase from $8,000,000 in 2010 to $12,000,000 in 2011. Current assets in 2010 ar
e equal to $5,000,000. Using the percent of sales method, what are the projected current assets for 2011?
John Maynard Keynes segmented a firm's demand for cash into the what three motives?
Assume that liquid funds can be invested to yield 4.5 percent. If annual remittance checks total $2 billion, what is it worth in dollars for the firm to reduce float by 1 day? (use a 365 day year)
What is the tradeoff faced in managing a firm?
John Maynard Keynes segmented a firm's demand for cash into the what three motives?
Assume that liquid funds can be invested to yield 4.5 percent. If annual remittance checks total $2 billion, what is it worth in dollars for the firm to reduce float by 1 day? (use a 365 day year)
What is the tradeoff faced in managing a firm?
1 answer:
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Answer:
The events have been explained below while the Horizontal Statement is attached for Expert Computers as of 2018.
Explanation:
Expert Computers
Horizontal statements model
For the year ending 2018
2. It means that if Expert Computers opt to pay for merchandise inventory within 10 days than they can avail the discount of 2%, otherwise they will be paying net amount in 30 days.
3. A/C Payable Balance = $70,000
Paid 1 Half = $70,000 x 1/2 = $35,000
Discount = $35,000 x 2% = $700
Cash Decrease by = $35,000 - $700 = $34,300
4. It means that if the buyer pays the amount within 20 days of the purchase than Expert Computers will give 1% discount, otherwise full amount needs to be paid within 30 days.
5. This is the cost of goods sold.
6. Account Receivables = $56,900
Discount Allowed = $56,900 x 1% = $569
Cash = $56,900 - $569 = $56,331
8. Since the discount is not availed as payment to vendor made within 30 days. Hence, the remaining amount of current liability will balance out with $35,000.
