answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
IRISSAK [1]
2 years ago
12

During 2022, Splish Brothers Inc. had $156000 in cash sales and $1224000 in credit sales. The accounts receivable balances were

$216000 and $254400 at December 31, 2021 and 2022, respectively. Using the direct method of reporting cash flows from operating activities, what was the total cash collected from all customers during 2022?
Business
1 answer:
Anika [276]2 years ago
3 0

Answer:

Total Cash collected from all customers  during 2022 is $1,341,600

Explanation:

         Items                                                       Amount

Credit sales                                                     $1,224,000

Add: Accounts Receivable Dec 31,2021  $216,000

Less: Accounts Receivable Dec 31,2022 <u>($254,400)</u>

Cash collected from credit sales                 <u>$1,185,600</u>

Cash sales                                                        $156,000

Cash collected from credit sales                    $1,185,600

Total Cash collected from all customers      $1,341,600

You might be interested in
Jack Simpson, contract negotiator for Nebula Airframe Company, is currently involved in bidding on a follow-up government contra
Schach [20]

Answer:

3,825.2 labor hours

Explanation:

Learning rate (Unit 1 and unit 2):

= Labor hour required for 2nd unit ÷ Labor hour required for 1st unit

= 1,200 ÷ 2,000

= 0.60

Learning rate (Unit 2 and unit 3):

= Labor hour required for 3rd unit ÷ Labor hour required for 2nd unit

= 1,130 ÷ 1,200

= 0.94

Average of learning rates = (0.60 + 0.94 ) ÷ 2

                                           = 0.77

As per learning curve calculator the value of 77% for 6 units = 4.0776

Cumulative time = Factor × Time of first unit

                           = 4.0776 × 2,000

                           = 8,155.2

Hence,

Time for next three units:

= Cumulative time - Sum of the time of first, second and third unit

= 8,155.2 - (2,000 + 1,200 + 1,130)

= 3,825.2 labor hours should Simpson plan for.

4 0
2 years ago
You have been approached by the editor of Gentlemen’s Magazine to carry out a research study. The magazine has been unsuccessful
horsena [70]

Answer:

The management research question capable of developing a scientific proposal will be questions that will address the concerns of the management.

1. How Gentlemen’s Magazine can be marketed to shoe manufacturers

2. What is the profitability of shoe manufacturing?

3. What are the main sources of sales for shoe manufacturer?

4. What percentage of clothing stores also deal in the sales of shoes?\

5. What is the percentage demand of male shoes?

6. What is the profitability of shoe sales in general?

7. Will men shoes be a profitable venture for Gentlemen’s magazine? and how profitable?

8. What is the frequency of purchase of men's shoes in a year?

9. How many pairs of shoes do men purchase at one time?

10. What types of men shoes are most likely to be purchase by men?

11. What is the preferred colors of shoes purchased by men?

Explanation:

The management research question capable of developing a scientific proposal will be questions that will address the concerns of the management.

1. How Gentlemen’s Magazine can be marketed to shoe manufacturers

2. What is the profitability of shoe manufacturing?

3. What are the main sources of sales for shoe manufacturer?

4. What percentage of clothing stores also deal in the sales of shoes?\

5. What is the percentage demand of male shoes?

6. What is the profitability of shoe sales in general?

7. Will men shoes be a profitable venture for Gentlemen’s magazine? and how profitable?

8. What is the frequency of purchase of men's shoes in a year?

9. How many pairs of shoes do men purchase at one time?

10. What types of men shoes are most likely to be purchase by men?

11. What is the preferred colors of shoes purchased by men?

8 0
1 year ago
A risk analyst gives Oracle Corporation, the enterprise software and database management firm, a CAPM equity beta of 1.2. As of
KengaRu [80]

Answer:

Cost of equity = 11.20%, Value of Equity = $39.25

Explanation:

a. Cost of equity = Rf + B(Rm-Rf)

Cost of equity = 4% + 1.2(6%)

Cost of equity = 4% + 7.20%

Cost of equity = 11.20%

b. P/E ratio = 20

Market Price / EPS = 20

Market Price = EPS * 20

-->P1 = $2.17 * 20 = $43.40

DPS1= $0.24

Value of Equity = P1/Cost of Equity + DPS1/Cost of equity

Value of Equity = $43.40/1.1120 + $0.24/1.1120

Value of Equity = $39.03 + $0.22

Value of Equity = $39.25

6 0
1 year ago
What is a pestle analysis for an escape room
Irina-Kira [14]

Answer:

The following information summarizes the SWOT analysis for an escape room business. SWOT stands for strengths, weaknesses, opportunities, and threats. A SWOT analysis is a method for strategic planning that evaluates these four elements as they relate to the business objectives. Every escape room business should invest time into completing a SWOT to help ensure success.

Strengths

Relatively easy entry and low capital outlay.

Unique themes

Variety of difficulty levels

Game masters trained for role-playing and excellent customer service

Location is close to customers and relatively far from competitors

Regular changes to clues and puzzles

Weaknesses

Upset customers can potentially harm both business reputations or cause collateral damage by way of online reviews.

New to the area and market

Brand not well established

Limited capital

Opportunities

Reach a customer geography not yet catered for

Growing industry and popularity of mystery rooms

Unlimited number of new themes, game, and clues

Low barriers to entry

Threats

Another new entrant or current supplier expansion could potentially hurt market share.

While we do have a backup, the website could go down for technical reasons.

Sales tied to economic growth.

Game mechanism not protected under U.S. intellectual property law

Established companies expanding into the City

Explanation:

7 0
2 years ago
On April 2, Kelvin sold $40,000 of inventory items on credit with the terms 1/10, net 30. Payment on $24,000 sales was received
motikmotik

Answer:

Explanation:

The journal entry is shown below:

1. Accounts receivable A/c Dr $160

        To Sales discounts forfeited $160

(Being sales discount  is recorded)

The computation of the sales discount is shown below:

= (Sales value - payment made) × discount rate

= ($40,000 - $24,000) × 1%

= $160

2. Cash A/c Dr $16,000

       To Accounts receivable A/c $16,000

(Being cash is received)

4 0
2 years ago
Other questions:
  • Pete has started an electronics firm with the potential for high growth. he obtains funding for the business from a group of inv
    11·1 answer
  • If walter's costs are typical in the industry, we would expect that in the long run:
    14·1 answer
  • On March 31, Oscar Corp. changes from the LIFO to the FIFO method. Its financial statement notes indicate that beginning invento
    10·1 answer
  • Scott Lockhart owns and operates AAA Delivery Services. On January 1, 20Y7, Common Stock had a balance of $60,000, and Retained
    10·1 answer
  • Danny works for a home electronics store and is a member of a team created to increase communication among various departments.
    8·1 answer
  • Suppose that disposable income, consumption, and saving in some country are $800 billion, $700 billion, and $100 billion, respec
    14·2 answers
  • A wood products firm uses available time at the end of each week to make goods for stock. Currently, two products on the list of
    9·1 answer
  • Workers picking strawberries can pick 100 baskets an hour, but the value of 20 baskets is all it costs the employer to pay them
    13·1 answer
  • On October 5, Cullumber Company buys merchandise on account from Marin Company. The selling price of the goods is $6,650, and th
    15·1 answer
  • Pharoah Industries collected $106,000 from customers in 2019. Of the amount collected, $24,200 was for services performed in 201
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!