Use the information below to answer the following question(s).
Copper Corporation has the following sales budget for the last six months of 202X1
July $200,000 October $180,000
August 160,000 November 200,000
September 220,000 December 188,000
Historically, the cash collection of sales has been as follows:
65 percent of sales collected in month of sale,
25 percent of sales collected in month following sale,
8 percent of sales collected in second month following sale, and
2 percent of sales is uncollectable.
1) Cash collections for September are
A. $204,000
B. $199,000
C. $161,400
D. $143,000
Answers
The cash collections for September are $204,000 when 65 percent of cash sales are collected in the month of sale.
To calculate the cash collections for September, we need to consider the sales made in July, August, and September. According to the given information, 65 percent of sales are collected in the month of sale.
Sales in July: $200,000 x 65% = $130,000 (collected in July)
Sales in August: $160,000 x 65% = $104,000 (collected in August)
Sales in September: $220,000 x 65% = $143,000 (collected in September)
Now we need to consider the remaining percentages of sales collected in subsequent months. 25 percent of sales are collected in the month following the sale, and 8 percent of sales are collected in the second month following the sale.
Sales in July: $200,000 x 25% = $50,000 (collected in August)
Sales in August: $160,000 x 25% = $40,000 (collected in September)
Next, we consider the 8 percent of sales collected in the second month following the sale.
Sales in July: $200,000 x 8% = $16,000 (collected in September)
Finally, we add up all the cash collections for September:
$143,000 (collected in September) + $50,000 (collected in August) + $40,000 (collected in September) + $16,000 (collected in September) = $204,000.
Therefore, the cash collections for September are $204,000.
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Related Questions
The check in a register is used when you_your account.
Answers
Answer:
Balance
Explanation:
Balancing of registers is an important book-keeping practice. When an account is being balanced, the check is used. The check is used to ensure as well as find out the income pre-tax and after tax. It is used to balance books or accounts to make sure that income and expenditure are well registered and to understand the sitution of the account.
Cheers.
The relationship between the number of years for the mortgage / home loan and the monthly payment amount.
Answers
Answer:
If A = { a , c , e } , B = { b , c , d ) and C = { a , c , d , f ) , find n ( A n B n C)
The name given to entering transaction data in the journal is:
a. chronicling.
b. listing.
c. posting.
d. journalizing.
Answers
The name given to entering transaction information in the diary is journalizing.
The option (D) is correct.
Journalizing is the most common way of entering exchange information into a diary, which is a sequential record of all monetary exchanges of a business. In the diary, exchanges are ordinarily kept in the request in which they happen, with every section including the date, accounts included, and how much the exchange is.
The reason for journalizing is to give a total and coordinated record of all deals. The data kept in the diary fills in as the reason for planning fiscal summaries and examining the monetary exhibition of a business.
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Argue why a product launch that exceeded expectations may actually be a negative result.
Answers
Product enhancements
A) do not really change the basic product.
B) include guarantees and warranties.
C) include features and options
D) reduce the number of target markets one product can satisfy.
Answers
Answer:
C or A
Explanation:
I could answer better with more context
_____ or short saying of wisdom or truth were used to teach lessons to the people
Answers
Answer:
ygyvuyvuhuvhuh
Explanation:
Which of the following statements is correct, in developing assumptions to be used in a DCF It is important to disclose where the firm's revenues are segmented geographically How the firm's revenues are segmented geographically is irrelevant It important to know the name of the firm's auditors None of the above
Answers
In developing assumptions to be used in a Discounted Cash Flow (DCF), it is important to disclose where the firm's revenues are segmented geographically. So, option a is correct.
Therefore, the correct statement among the given options is "In developing assumptions to be used in a DCF, it is important to disclose where the firm's revenues are segmented geographically.
"DCF stands for discounted cash flow, which is a valuation technique that determines the present value of an investment's future cash flows. The technique is frequently utilized in corporate finance and private equity valuations. In order to build assumptions for the DCF, the analyst must have access to and understand the firm's financial statements.
This includes a comprehensive understanding of the company's revenues, expenditures, assets, and liabilities. The analyst may use this information to predict future cash flows and determine an appropriate discount rate. One critical aspect that must be known is how the company's revenues are segmented geographically. So, option a is correct.
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Complete question:
Which of the following statements is correct, in developing assumptions to be used in a DCF
It is important to disclose where the firm's revenues are segmented geographically
How the firm's revenues are segmented geographically is irrelevant It important to know the name of the firm's auditors
None of the above
firms that take or accept the market price and have no ability to influence that price are known as
Answers
Firms that take or accept the market price and have no ability to influence that price are known as price takers.
In a perfectly competitive market, individual firms have no control over the market price and must accept it as given. They are small relative to the overall market, and their individual actions have negligible impact on the market price.
As a result, they must adjust their output and production decisions based on the prevailing market price rather than being able to influence it. Price takers typically have horizontal demand curves, meaning they can sell any quantity of output at the market price without affecting it.
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Economies of scale give an advantage to what type of company? A. A company with a small number of employees B. A company that makes many sales C. A company with many variable costs D. A service-based company.
Answers
Answer:
B. A company that makes many sales
Explanation:
I got the answer right on Edge.
how do you wrrite the word pneumonoultramicroscopicsilicovolcanoconiosi aand what does it mean?
Answers
Answer:
Pneumonoultramicroscopicsilicovolcanoconiosis
Explanation:
Pneumonoultramicroscopicsilicovolcanoconiosis is a phrase used to describe a lung condition produced by inhaling silica dust, as in I had difficulty breathing and my doctor diagnosed me with pneumonoultramicroscopicsilicovolcanoconiosis.
according to the keynesian model, the short-run aggregate supply (sras) curve is horizontal when
Answers
According to the Keynesian model, the short-run aggregate supply (SRAS) curve is horizontal when the economy is in a state of recession or underutilization of resources.
This means that at a given price level, the quantity of output supplied by firms in the economy is not affected by changes in that price level. This is because during a recession, there are idle resources in the economy such as labor and capital that can be utilized to produce more output without increasing the cost of production.
As a result, the SRAS curve is relatively flat in the short run, indicating that an increase in demand will lead to an increase in output without causing a significant increase in prices. However, as the economy moves towards full employment, the SRAS curve becomes steeper as firms start facing higher costs to produce more output, leading to an increase in prices.
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if davidson has 7,000 units on hand at december 31, the cost of ending inventory under the average-cost method is
Answers
The cost of ending inventory under the average-cost method is $75,250.
The average cost method is a method used to determine the cost of inventory in which the cost of goods sold is determined by determining the weighted average of the cost of inventory.
Average cost method = total cost of inventory bought / total units bought
(5,000 x $8) + (15,000 x 10) + (20,000 x 12) = $430,000
Total units bought = 5000 + 15,000 + 20,000 = 40,000
Price of inventory = $430,000 / 40,000 = $10.75
Cost of ending inventory = $10.75 x 7000 = $75,250.
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It is said that there are a number of steps in designing an effective service system which include a) Establishing procedures to be followed in case of service failure b) Identifying failure-prone areas can be enabled by a service blueprint technique c) Obtaining feedback from the customers and continuous review of service delivery d) Defining and incorporating service standards and explicitly communicating them to the customers e) Empowerment enabled through training and other HR practices List them in the right order.
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Answer is in a file below
cutt.us/tWGpn
The profit remaining after subtracting the cost of bringing the goods into the store and the operating expenses from the sale of the goods.
Answers
The profit remaining after subtracting the cost of bringing the goods into the store and the operating expenses from the sale of the goods is known as "net profit." Net profit is an important financial metric for businesses, as it indicates the company's overall financial health and profitability.
To calculate net profit, one must consider various costs and expenses incurred in the business operation. Firstly, the cost of bringing goods into the store, also called the cost of goods sold (COGS), should be considered. This includes expenses like purchasing the products, shipping, and storage.
Secondly, operating expenses need to be taken into account. These include expenses associated with running the business, such as rent, utilities, salaries, and marketing efforts. Once you have the total costs and expenses, subtract them from the total sales revenue generated by selling the goods.Net profit = Sales revenue - (Cost of goods sold + Operating expenses)Understanding net profit is essential for businesses to make informed decisions about pricing, investments, and expansion.
By maximizing net profit, companies can increase their financial stability, reinvest in the business, and provide a return on investment for stakeholders. However, it's crucial to maintain a balance between cost reduction and maintaining product quality, as focusing solely on increasing net profit can lead to decreased customer satisfaction and long-term negative impacts on the business.
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Give all start up costs for opening a salon that has 8 workers and that does everything hair and wax related. Include the quantities for each item and the pricing
Answers
Start-up expenses are the costs a business spent or incurred to establish an active trade or business, or to research establishing or acquiring an active trade or business
What is meant by Start-up costs?Start-up expenses are the costs a business spent or incurred to establish an active trade or business, or to research establishing or acquiring an active trade or business. Start-up costs should always be expensed as they are incurred, even though this determination can be somewhat subjective. Typically, start-up costs encompass any expenditure made before a business starts to turn a profit. Startup activities are essentially expensed as they are incurred in the accounting process. Although the guidelines are straightforward, the main concern is not assuming that other charges that are comparable to start-up costs should be treated the same manner.Rent/Lease for the salon space: $2,000 - $10,000
Build-out costs: $5,000 - $15,000
Equipment and supplies:
8 stations, chairs, and mirrors: $5,000 - $10,000
8 styling stations (styling chairs, styling stations, styling tools): $8,000 - $15,000
8 hair dryers: $4,000 - $6,000
8 hair washing stations: $8,000 - $12,000
8 hair cutting stations: $8,000 - $12,000
8 waxing stations: $8,000 - $12,000
Hair color, waxing, and other supplies: $5,000 - $10,000
Marketing and advertising costs: $2,000 - $5,000
Legal and accounting fees: $1,500 - $3,000
Insurance (liability, property, and worker's compensation) $2,000 - $5,000
Employee salaries: $8,000 - $12,000
Miscellaneous costs (utilities, phone, internet, etc): $5,000 - $10,000
Please take note that these figures are only approximations and that prices can change depending on location and other variables.
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Strategies for managing conflict
Answers
Can I get a brainest point plsssssss
1. Don't Ignore Conflict
If you're someone who dislikes dealing with conflict, it might seem tempting to just put your head in the sand and pretend it doesn't exist, hoping it will resolve itself on its own. While this sometimes can happen, the truth is that the vast majority of the time, this will only cause the situation to get worse. Ignored conflicts have a tendency to fester over time and reappear at inopportune moments, so do your team a favor and address conflicts when they occur, nipping a potentially toxic situation in the bud as soon as you recognize it.
2. Clarify What the Issue Is
If you're dealing with a conflict between two members of your team, it's important that you get all the facts. Sit down with each individual involved and find out exactly what the issue is. How is each individual perceiving the situation? What needs are not being met? What does each party see as an appropriate resolution? Make sure that all parties involved understand that you are acting as an impartial mediator, and let them know they can feel comfortable to share sensitive information.
3. Bring Involved Parties Together to Talk
Once you've had a chance to talk to all involved parties separately, bring them together in a meeting so that they can hash out their differences in a neutral environment. This is a time for brainstorming, active listening, and being open to different perspectives - the goal is to come to a common understanding of what the problem is, what role each individual is playing in the conflict, and what some possible solutions might be.
4. Identify a Solution
After both parties have had a chance to discuss the situation at hand, it's time to identify what a satisfactory resolution might be - and how to get there. Ideally, by this point, both parties will understand the other's side, and oftentimes the conflict will be resolved just through facilitated, open dialogue. However, if the situation requires further resolution, you will need to step in and help them negotiate a reasonable solution. This phase can require some time and effort, as it requires both parties to set aside their differences and preferences and find some common ground to work towards (which may involve not getting everything they want out of the situation). Then, work with both individuals to come up with a concrete list of steps that will result in the solution being achieved.
5. Continue to Monitor and Follow Up on the Conflict
Just because a solution has been identified and addressed doesn't mean it will just go away. As a manager, it's your responsibility to check in with both parties to ensure that the conflict has truly been dealt with, and that the steps identified to reach a solution are being followed. If all seems to be going well, simply remember to stop and observe from time to time, just to see if things really are going smoothly or if there are still lingering tensions under the surface that need to be handled. If it's clear that the solution didn't work, or wasn't the right resolution for the situation, make sure to be proactive in working with both parties to readjust expectations, identify alternative solutions, and continue their dialogue to create a positive and healthy work environment.
what is the purpose of creating a prototype?
Answers
Answer:
Prototypes provide a way to see how a possible product, idea, design, etc., would function in natural environments (not in the lab/workshop), but in the real world. They also can let designers, and those building it see if there are anything that needs to be changed or altered.
Marcy invests $10,000 into an educational savings account for her daughter, which earns 4% interest compounded annually. Find the account balance in 12 years.Marcy invests $10,000 into an educational savings account for her daughter, which earns 4% interest compounded annually. Find the account balance in 12 years.
Answers
The account balance in 12 years would be approximately $16,010.32. Marcy's initial investment of $10,000 will grow to this amount due to the compounded interest over the 12-year period.
What is the account balance in 12 years if Marcy invests $10,000 in an educational savings account with a 4% interest rate compounded annually?To find the account balance in 12 years, we can use the formula for compound interest:
\(A = P(1 + r/n)^(nt)\)
Where:
A = the account balance
P = the principal amount (initial investment)
r = the annual interest rate (expressed as a decimal)
n = the number of times interest is compounded per year
t = the number of years
In this case, Marcy invests $10,000 (P) into an educational savings account with a 4% interest rate (r) compounded annually, which means n = 1. She wants to find the account balance after 12 years (t).
Plugging in the values into the formula, we get:
\(A = $10,000(1 + 0.04/1)^(1*12)A = $10,000(1 + 0.04)^12A = $10,000(1.04)^12\)
Using a calculator or computational tool, we can calculate the expression \((1.04)^12:\)
A ≈ $10,000(1.601032)
A ≈ $16,010.32
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even though you believe college tuition should be increased to meet rising expenses, you go along with a group of friends as they organize a protest for lower tuition. this is an example of:
Answers
To maximize benefits and cut down on expenditures is the goal of this trade.In keeping with this notion, people evaluate the advantages and disadvantages of their social connections.
What does it mean that people engage in a way that maximizes benefits and minimizes costs? You join a group of friends as they plan a demonstration for cheaper tuition, despite the fact that you think college tuition should be raised to keep up with rising costs.Identification is demonstrated by this.According to the social exchange theory, exchange processes lead to social behavior.To maximize benefits and cut down on expenditures is the goal of this trade.In keeping with this notion, people evaluate the advantages and disadvantages of their social connections.Government elections call for voting in secret so that we are not subject to outside pressure because it has been found that replies are more likely to be conformist when they are public than when they are private.When kids must publicly cast their votes for something, the Asch effect is plainly visible.To learn more about maximize benefits refer
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What is opportunity cost? ( selext the best answer)
Answers
Answer: the loss of potential gain from other alternatives when one alternative is chosen
Explanation:
A homeowner takes out a $337,000, 20-year fixed-rate mortgage at a rate of 5.60 percent. What are the monthly mortgage payments? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Monthly payment $ ____
Answers
The monthly mortgage payment would be $2,331.23. If a homeowner takes out a $337,000, 20-year fixed-rate mortgage at a rate of 5.60 percent.
To calculate the monthly mortgage payments on a $337,000, 20-year fixed-rate mortgage at a rate of 5.60 percent, we can use the following formula:
M = P * (r / 12) * (1 + r / 12)^(n * 12) / [(1 + r / 12)^(n * 12) - 1]
where M is the monthly mortgage payment, P is the loan principal ($337,000), r is the annual interest rate (5.60%), and n is the number of years (20).
Plugging in these values, we get:
M = $337,000 * (0.056 / 12) * (1 + 0.056 / 12)^(20 * 12) / [(1 + 0.056 / 12)^(20 * 12) - 1]
M = $2,331.23
Therefore, the monthly mortgage payment would be $2,331.23.
It's important to note that this calculation assumes that the mortgage payments are made on a monthly basis, and that the interest rate amortization remains fixed for the entire 20-year term of the mortgage. In reality, the actual monthly payments may differ slightly due to factors such as taxes and insurance, and the interest rate may also vary over time if the mortgage has an adjustable rate feature.
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1) International business is defined as the performance of ________ activities by firms across national borders. A) marketing and fiduciary B) trade and investment
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An International business refers to a performance of trade and investment activities by firms across national border.
What is an International business?An International business means trading of goods and services across national borders.
Hence, an International business refers to a performance of trade and investment activities by firms across national border.
Therefore, the Option B is correct.
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International business is defined as the performance of trade and investment activities by firms across national borders..
What is international business?This is defined as the situation whereby organizations, companies and even countries decide to take their businesses abroad.
This type of business usually involves trading with people from a different nation as well as invest in the countries.
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Select the correct answer. What is a SWoT analysis?
A. marketing strategy
B. a market research strategy
C. a strategy to spot opportunities D. a strategy to allocate resources E. astrategy to understand resource allocation
Answers
Answer:
B
Explanation:
SWOT stands for Strengths, Weaknesses, Opportunities, and Threats. SWOT analysis (or SWOT matrix) is a strategic planning technique used to help a person or organization identify strengths, weaknesses, opportunities, and threats related to business competition or project planning.
Answer:
I think its C.
Explanation:
I'm trying to find the answer, too, but I know it's not B because I got it wrong before. D and E don't match SWOT at all, so those are out. It's either A or C. C seems the better bet though, as what I've learned from the internet, it helps in deciding a market research strategy, not being one itself.
So C is the right answer from using the process of elimination.
A storm will hit a small town soon. Residents are advised to head out to
purchase water, canned food, and other emergency supplies. When residents
go to make their purchases, they notice that the supermarkets have greatly
raised the prices of certain items. Which price strategy is this?
Answers
Answer:
Price Gouging!
Explanation:
Price gouging occurs when a seller increases the prices of goods, services or commodities to a level much higher than is considered reasonable or fair. Usually, this event occurs after a demand or supply shock. Common examples include price increases of basic necessities after natural disasters.
When the supermarkets increased prices greatly at such a juncture, this is known as Price gouging.
Price gorging:
Refers to when prices are raised by retailers exorbitantly in response to sudden increase in demand Usually happens during disasters and emergenciesIs usually illegalThe supermarkets is engaging in price gorging by increasing the prices so greatly due to the impending storm. Authorities can come against these supermarkets for this.
In conclusion, the supermarkets are engaging in price gorging.
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why is the leaf washed with distilled water
Answers
FILL THE BLANK.
Suppose a seven-year, $1,000 bond with a 8.00% coupon rate and semiannual coupons is trading with a yield to maturity of 6.75%.
b. If the yield to maturity of the bond rises to 7.00% (APR with semiannual compounding), at what price will the bond trade?
The bond will trade for $___
Answers
The bond will trade for $1,005.17.
When the yield to maturity of the bond rises to 7.00% with semiannual compounding, the price of the bond will decrease. The price of a bond is inversely related to its yield to maturity. As the yield to maturity increases, the present value of the bond's future cash flows decreases, resulting in a lower price.
To calculate the price of the bond, we need to discount its future cash flows at the new yield to maturity of 7.00%. The bond has a 8.00% coupon rate, which means it pays a coupon of $40 (0.08 * $1,000) every six months. The bond has a remaining maturity of 7 years, which means there will be 14 semiannual periods until the bond matures. The bond's face value is $1,000.
Using the formula for the present value of a bond's cash flows, the price of the bond can be calculated as follows:
Price = (C / (1 + r)^1) + (C / (1 + r)^2) + ... + (C / (1 + r)^n) + (F / (1 + r)^n)
Where:
C = Coupon payment
r = Yield to maturity per period
n = Number of periods
F = Face value
Plugging in the values, we have:
Price = (40 / (1 + 0.07/2)^1) + (40 / (1 + 0.07/2)^2) + ... + (40 / (1 + 0.07/2)^14) + (1,000 / (1 + 0.07/2)^14)
Evaluating this equation gives us the bond price of $1,005.17. Therefore, if the yield to maturity of the bond rises to 7.00% with semiannual compounding, the bond will trade for $1,005.17.
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Roy Sartore has been hired to oversee all of the plans that the city of Denver has created to expand its train transportation system by adding six more lines to the metro area. Roy will be responsible for planning the project, managing the processes, and finalizing each new line as it is completed. How would you categorize the majority of the decisions Roy will have to make to complete his job?
Answers
Answer:
Semistructured decisions
Explanation:
From the question, we are informed about Roy Sartore who has been hired to oversee all of the plans that the city of Denver has created to expand its train transportation system by adding six more lines to the metro area. Roy will be responsible for planning the project, managing the processes, and finalizing each new line as it is completed. In this case, the majority of the decisions Roy will have to make to complete his job would be categorized as Semistructured decisions. A semi-structured decision can be regarded as type of decision whereby most of the factors that is required to make the decision are been known, though human experience as well as other outside factors can still play a role in the decision making. Another instance of this semi-structured decision making is when diagnosing a medical condition.
capital is the amount of money paid into a company by its owners.
Answers
The statement that the money paid into a company by its owners is called capital is True.
Capital is:
Contribution made to the company by its owners Can be cash or some sort of assetThe capital paid into the company represents an ownership stake of the person who paid it in which is why it is referred to as money put in by owners. Shares are a type of capital.
In conclusion, this is a true statement.
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The investment in enterprise resource planning (ERP) systems has had a positive effect because
A) it has given a significant improvement in technology development.
B) it has given a significant improvement in decreasing the time wasted gaining the facts.
C) it has given a significant improvement in internal systems.
D) it has given a significant improvement in supply chain transparency and data integration.
Answers
The investment in enterprise resource planning (ERP) systems has had a positive effect because it has given a significant improvement in internal systems, supply chain transparency, and data integration.
ERP systems are comprehensive software solutions that integrate various business functions and processes into a single unified system. This integration allows for improved efficiency and effectiveness in managing internal systems. By streamlining and automating processes, ERP systems eliminate redundancies, reduce manual errors, and improve overall productivity. This leads to cost savings, better resource utilization, and enhanced decision-making capabilities.
Furthermore, ERP systems provide supply chain transparency by capturing real-time data from various departments and stakeholders involved in the supply chain. This data integration enables better coordination, tracking, and management of inventory, orders, and deliveries. With improved visibility and accurate information, businesses can optimize their supply chain operations, reduce lead times, and enhance customer satisfaction.
Moreover, ERP systems facilitate data integration across different departments, enabling seamless sharing of information and fostering collaboration. This integration breaks down data silos and allows for a unified view of the organization's operations, leading to improved communication, better decision-making, and enhanced cross-functional alignment.
In summary, the investment in ERP systems has a positive effect by significantly improving internal systems, enhancing supply chain transparency, and enabling data integration. These benefits result in increased operational efficiency, improved productivity, and better decision-making, ultimately leading to competitive advantages and business success.
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provide a defination of GAAP
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Answer:
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Generally accepted accounting principles, or GAAP, are a set of rules that encompass the details, complexities, and legalities of business and corporate accounting. The Financial Accounting Standards Board (FASB) uses GAAP as the foundation for its comprehensive set of approved accounting methods and practices.