Answer:
Total cash= $193,000
Explanation:
Giving the following information:
Estimated sales ($):
January= $150,000
February= $180,000
March= $220,000
40% in cash from that same month of sales
50% in cash from the previous month's sales
10% in cash from the sales from two months ago
C<u>ash collection March:</u>
From March= 220,000*0.4= 88,000
From February= 180,000*0.5= 90,000
From January= 150,000*0.1= 15,000
Total cash= $193,000
Answer:
$12,500
Explanation:
Bonus = 10% x ($200,000 - taxes)
Bonus = $20,000 - 0.1T
So we must now find T:
T = 40% x ($200,000 - Bonus)
T = $80,000 - 0.4Bonus
now we can replace:
Bonus = $20,000 - 0.1($80,000 - 0.4Bonus)
Bonus = $20,000 - $8,000 + 0.04Bonus
Bonus - 0.04Bonus = $12,000
0.96Bonus = $12,000
Bonus = $12,000 / 0.96 = $12,500