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valina [46]
2 years ago
11

McLeod Fries, Inc. has budgeted sales for June and July at $670,000 and $770,000, respectively. Sales are 85% credit, of which 6

0% is collected in the month of sale and 40% is collected in the following month. What is the budgeted Accounts Receivable balance on July 31? $308,000 $261,800 $227,800 $654,500
Business
1 answer:
ratelena [41]2 years ago
8 0

Answer:

Account receivable on July 31 = $261,800

Explanation:

We would not be making use of the information for June as the question says 60% is collected in the month of sale and 40% is collected in the following month . Therefore as at July 31, all of june sales would have been collected and won't be outstanding

July credit sales = 85% * $770,000 = $654,500

Collected in July (60%) = 60% * $654,500 = $392,700

Receivable as at 31 July = $654,500 - $392,700 = $261,800

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Andrej [43]

Answer:

4: not enforce it.​

Explanation:

It may be stated that the court does not exercise this additional agreement in this particular case based on the information provided in the question. This is due to the fact that it is not directly clear for payment. Because they make extra payments for the Genovey contract, they try to overcome the odds, and if these limitations are beyond their control they cannot do so.

8 0
2 years ago
How do scarce resources influence you personally? What impact does this have on your financial management?
tankabanditka [31]
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Since there is a limited supply of resources, the great wheel that facilitates the cycle that these such resources use, known as money, must also be limited. How I manage my finances (money and resources). Knowing this, I am encouraged to invest such resources into more efficient outlets to attain the most powerful results out of my few resources. 

3 0
2 years ago
When the first Pizza Hut opened its doors back in 1958, it offered consumers one style of pizza: its Original Thin Crust Pizza.
slega [8]

Answer:

<u>Monopolist competition</u>.

Explanation:

The market structure of monopolistic competition occurs when there are several companies offering similar products, which even though substitute products cannot be considered perfect substitutes. Monopolistic competition is characterized when in the market there are many sellers competing for a higher market position of some product or sector. This type of monopolistic competition is characterized by free entry to other companies, which makes it increasingly competitive in the pursuit of customer preference.

5 0
2 years ago
Pepsi has cooperated with America on the Move to improve many of its products and their labels, such as reducing the saturated f
Kitty [74]

Answer:

ShareHolders.

Explanation:

A share holder is the ultimate owner of any company who has invested his share in return of the profits earned.

Hence, this form of social responsibility by Pepsi will portray a positive image of Pepsi in the market and will ultimately help the shareholders in the form of increased revenue due to more sales and high profits.

I hope this helps. Best of Luck.

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2 years ago
Managers of profit centers usually have a. ​Given excessively high bonuses b. ​No discretion over decisions c. ​Most of their de
erastovalidia [21]

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2 years ago
Read 2 more answers
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