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aniked [119]
2 years ago
6

Drew Enterprises reports all its sales on credit, and pays operating costs in the month incurred. Estimated amounts for the mont

hs of June through October are:
June July August September October
Budgeted sales $310,000 $330,000 $300,000 $280,000 $260,000
Budgeted purchases $144,000 $120,000 $128,000 $132,000 $90,000
• Customer amounts on account are collected 60% in the month of sale and 40% in the following month.
• Cost of goods sold is 45% of sales.
• Drew purchases and pays for merchandise 30% in the month of acquisition and 70% in the following month.

How much cash is budgeted to be received during August?
Business
1 answer:
Afina-wow [57]2 years ago
8 0

Answer:

$312,000

Explanation:

Given that,

August Sales = $300,000

July sales = $330,000

Customer amounts on account are collected 60% in the month of sale and 40% in the following month.

Cash Receipts during August:

= (August Sales × 60%) + (July Sales × 40%)

= ($300,000 × 60%) + ($330,000 × 40%)

= $180,000 + $132,000

= $312,000

Therefore, the cash is budgeted to be received during August is $312,000.

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If all you knew about a production system was that total daily output was 400 units and the total labor necessary to produce the
Serjik [45]

Answer:

partial measure

Explanation:

Based on the information provided it can be said that the kind of productivity measure that can be used would be a partial measure. Partial Productivity measure relates output to a single input unit. For example, capital productivity deals with output per unit of capital while energy productivity relates output per joule of energy used. In this scenario, we would need labor productivity which is output per hour worked.

6 0
2 years ago
Aletha has been having difficulty in her first-period history class. one day aletha misses the school bus. she has to walk to sc
Anuta_ua [19.1K]
She is not being proactive and waking up early enough to get on the bus
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2 years ago
You want to be a millionaire when you retire in 30 years and expect to earn 8.5 percent, compounded monthly. How much more will
Alina [70]

Answer:

more will you have to save each month 981.9

Explanation:

given data

time = 30 year = 30 × 12 = 360 months

expected earn = 8.5 % = \frac{0.085}{12} = 0.0070833

time = 10 year = 10 × 12 = 120 months

future value = millionaire = 10^{6}  

solution

we consider here saving end of this month = x

and saving end of 10 year = y

now we solve for x

10^{6} =  x × \frac{1+ r^{t}}{r} - 1    

10^{6} =  x ×  \frac{1+ 0.0070833^{360}}{0.0070833} - 1    

x = 605.8

and

10^{6} =  y × \frac{1+ r^{t}}{r} - 1

10^{6} =  y ×  \frac{1+ 0.0070833^{120}}{0.0070833} - 1

y = 1594.9

so here we require more amount to save is y - x in end of each month = 1594.9  -  605.8  = 981.9

6 0
2 years ago
Read 2 more answers
By examining the __________ of Southwest Airlines, one can identify the strategic themes around which it has developed its busin
Alex Ar [27]

Answer:

The correct answer is activity map.

Explanation:

The map of processes or activities is the graphic representation, that is, the diagram, of the interrelation between all processes and subprocesses of the company. That said, it may seem easy to perform, but the truth is that it is usually an arduous task that involves the different departments of the company.

The objective of this map is to know in a very detailed and deep way the workings of the processes and activities in which the company is involved. It is usually done by a team with people in charge of all departments, who are in charge of identifying the processes, both the main and the secondary ones. In fact, three large groups of organizational processes are often differentiated: strategic, operational and supportive.

4 0
2 years ago
Please examine the following short paragraph on a hypothetical paper about cybersecurity and the Internet of Things. The writer
Basile [38]

Answer:

The errors are:

1. When the author is quoted in a sentence, his name is not in brackets, only the year of his book.  For example, the write-up should have read like this: "Shindell (2008) argues that hackers increasingly integrate ..."  This is a more appropriate way of citing an author.  However, the writer could do well to show the exact words of Shindell with quotation marks to differentiate from his or her words.

2. Two sentences were put in quotation marks without any indication of the author(s) to which the words were attributed.  Since they look like direct quotes from Shindell, the write-up should read like this: Shindell (2008) said, "during an attack, victims ..."  And the second quoted sentence should read like this: "... were hit with ransomware in the previous 12 months," according to Shindell (2008).

Explanation:

Referencing somebody else's intellectual property helps to avoid plagiarism, which is considered as a very serious crime.

3 0
2 years ago
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