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
Hitman42 [59]
2 years ago
6

Carmen’s Dress Delivery operates a mail-order business that sells clothes designed for frequent travelers. It had sales of $400,

000 in December. Because Carmen’s Dress Delivery is in the mail-order business, all sales are made on account. The company expects a 30 percent drop in sales for January. The balance in the Accounts Receivable account on December 31 was $60,000 and is budgeted to be $41,000 as of January 31. Required Determine the amount of cash Carmen’s Dress Delivery expects to collect from accounts receivable during January.
Business
1 answer:
stiv31 [10]2 years ago
8 0

Answer:

The amount of cash Carmen’s Dress Delivery expects to collect from accounts receivable during January is $299,000

Explanation:

The computation of the cash collection is shown below:

= Sales × remaining percentage + opening balance of accounts receivable - ending balance of accounts receivable

= $400,000 × 0.70 + $60,000 - $41,000

= $280,000 + $60,000 - $41,000

= $299,000

The remaining percentage equal to

= Percentage - drop percentage

= 100% - 30%

= 70%

You might be interested in
Sarah is planning a party at a party hall. The meal option is $50 per person and includes the hall for free. The hall-only optio
Tomtit [17]

Answer:

meal option  is cheaper with total cost = $2000 and hall only option is total cost  $2700

Explanation:

given data

The meal option = $50 per person.

Hall free = $ 0 per person

total guest = 40

hall-only option = $1,500

external caterer = $30 per person

solution

when we go for meal option than hall free so total cost will be as

total cost = total guest  × $50 per person

total cost = 40 × $50

total cost = $2000

and

when we go for hall only option than total cost will be

total cost = total guest   × external caterer charge + hall-only option

total cost =  40  × $30 + $1500

total cost =   $2700

so

meal option  is cheaper with total cost = $2000 and hall only option is total cost  $2700

4 0
2 years ago
Star Company has entered into a 3-year lease agreement with Bell Corp. (lessor) for the use of 10 new commercial copy machines.
Lera25 [3.4K]

Answer:

Operating lease

Explanation:

An operating lease is basically a lease contract that allows the lessee to use the assets but it doesn't transfer any ownership rights. It is like renting a house, you can use it as long as pay the rent, but the house isn't yours. Operating leases are not included in the balance sheet, while financial leases are.

In this case, Star Company may use the copy machines but it must return them in three years.

8 0
2 years ago
While reconciling your check register to your bank statement, you notice that your check register balance is $1250.00, while you
muminat

Answer:

You could have done a transaction that you didn't take into consideration in the check register.

this might be:

1. check

2. debit card withdrawal or POS transaction

3. Bank charges

4. fees for an order of checks

6 0
2 years ago
At Crater Valley Manufacturing, workers are encouraged to find their own solutions to problems, and to implement their solutions
pentagon [3]

Answer: Theory Y

Explanation: Theory Y refers the leadership style in which the  managers have a perception that their subordinates are highly effective and motivated. These managers do not strictly monitors the performance of their subordinates and encourages self regulation and self control.

In the given case, Crater valley assumes there workers to be committed and give them liberty to make their own decisions.

Hence we can conclude that Crater valley reflects theory Y leadership style.

5 0
2 years ago
For a portfolio of 40 randomly selected stocks, which of the following is most likely to be true? a. The beta of the portfolio i
Paraphin [41]

Answer:

c. The beta of the portfolio is equal to the weighted average of the betas of the individual stocks.

Explanation:

The portfolio beta which is a measure of the systematic risk for a portfolio is calculated by taking the weighted average of betas of all the individual stocks that form up the portfolio. So the statement stating that the portfolio beta is equal to weighted average of individual stock betas is correct.

8 0
2 years ago
Other questions:
  • The document that lists the steps of the budget process is the
    12·1 answer
  • Why are infectious agents and toxins ("select agents") listed in the "additional requirements for facilities transferring or rec
    7·1 answer
  • An arm loan has a 4.00% start rate, and it is time for the first adjustment to be made. it has a periodic cap of 1% and a lifeti
    6·1 answer
  • Assume you own and operate a small printing and specialty advertising business that employs 25 persons. With increased health ca
    8·1 answer
  • The expected rate of return on a constant growth stock is equal to the ____ plus its _____. Select one: a. risk-free rate; infla
    9·1 answer
  • Childers Company, which uses a perpetual inventory system, has an established petty cash fund in the amount of $500. The fund wa
    11·1 answer
  • Ray works as an accountant for a non-profit organization. Ray got his current position after volunteering at a few of the non-pr
    10·1 answer
  • Does PepsiCo’s portfolio exhibit good resource fit? What are the cash flow characteristics of each of PepsiCo’s six segments? Wh
    12·1 answer
  • Record and analyze installment notes (LO9-2)
    9·1 answer
  • Which of the following statements about job applications is false?
    13·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!