Wichita Industries' sales are 10% cash and 90% on credit. Credit sales are collected as follows: 40% in the month of sale, 50% in the next month, and 10% in the second following month. On December 31, the accounts receivable balance includes $21,000 from November sales and $51,000 from December sales. Assume that total sales for January are budgeted to be $59,000. What are the expected cash receipts for January from the current and past sales?

Answers

Answer 1

Answer:

$57,100

Explanation:

The technique for this question to follow closely the payment cycle

Calculation of January Cash Receipts

Cash Sales ($59,000 x 10%)                               $5,900

Credit Sales in January ($59,000 x 40%)        $23,600

Credit Sales in December  ($51,000 x 50%)   $25,500

Credit Sales in December  ($21,000 x 10%)       $2,100

Total                                                                    $57,100

Conclusion

the expected cash receipts for January from the current and past sales is $57,100


Related Questions

Hi CAN SOMEBODY HELP ME PLEASE YOU DON'T UNDERSTAND HOW I STRUGGLE. I WILL GIVE U BRAINLIST AND 5 STARS IF U ANSWER CORRECTLY ​

Answers

Answer:

commericials, product endorsements, product features, stuff like that.

Explanation:

Businesses commonly develop websites and blogs to promote their companies, products and services. Blogs offer an interactive tool to communicate information to customers and receive feedback through comments. Additionally, companies use sites and blogs as media for banner ads and other ad placements. If u want you can write about features and product endorsements too.

Choose the answer that correctly identifies the conflict management styles represented by each version. a. 1- non-confrontational, 2- cooperative, 3- confrontational, 4- confrontational and non-confrontational b. 1- confrontational, 2 - cooperative, 3- confrontational, 4 - cooperative and confrontational c. 1- cooperative, 2 - confrontational, 3- non-confrontational, 4 - both are confrontational d. none of the above

Answers

Hi, you've asked an incomplete question. However, the missing question read;

Version 1: George walks away. He never talks to Elaine or Jerry again.

Version 2: George confronts Elaine, saying “I am angry about what you have been saying. I do not want you spreading rumors about me. If you have a problem, please see me about it.”

Version 3: George yells at Elaine to shut u.p and then confronts his boss demanding to know why he’s going to be fired.

Version 4: George demands that Elaine tell him where she heard that. Elaine tells him not to worry about it and tries to crack a joke about how much the boss is late.

Answer:

Version 1: non-confrontationalVersion 2: cooperativeVersion 3: confrontationalVersion 4: confrontational and cooperative

Explanation:

1. In this scenario it is evident that George avoids confrontation with Elaine. In fact, we are told that "[He] walks away..."

2. In this scenario, however, we notice a cooperative deposition between George and Elaine. He made this lear when he said, "...If you have a problem, please see me about it.”

3. Confrontation occurs in this scenario as we are told that "George... then confronts his boss demanding to know why he’s going to be fired. "

4.  By demanding "that Elaine tells him where she heard that" indicates confrontation. While Elaine's cracking a joke about how much the boss is late shows cooperation.

Answer:

A

Explanation:

______ If an employer enforces an English-only policy in all areas of the workplace and at all times, including break times and other free time, the:A) employer’s policy is presumptively discriminatory according to the Equal Employment Opportunity Commission (EEOC).B) employer is much safer from a charge of national origin discrimination than an employer who only enforces the policy in certain areas and at certain times.C) employer impermissibly violates Title VII of the Civil Rights Act, which protects the ability of workers to express their cultural heritage at the workplace.D) employer’s policy is not unlawful because all individuals, irrespective of their national origin, are required to speak English in the United States.

Answers

Answer:

A) employer’s policy is presumptively discriminatory according to the Equal Employment Opportunity Commission (EEOC).

Explanation:

The Equal Employment Opportunity Commission (EEOC) is a federal agency that was established by US Congress on the 2nd of July, 1965 based on the Civil Rights Act of 1964 so as to uphold and enforce all civil rights law against workplace discrimination by the employers or employees in the United States of America.

Equal Employment Opportunity Commission (EEOC) guidelines asserts that employers of labor wouldn't be held liable for national origin discrimination after implementing an "English-only" rule, if the employer can show that it is necessary for the following;

I. To communicate with customers who can speak English only.

II. To efficiently promote cooperative work assignments among teams (employees).

III. To enhance or facilitate safety during an emergency.

Hence, if an employer enforces an English-only policy in all areas of the workplace and at all times, including break times and other free time, the employer’s policy is presumptively discriminatory according to the Equal Employment Opportunity Commission (EEOC).

i need help with this its kinda hard

Answers

What do u need help on??

promt
what is insurance?​

Answers

Answer:

is a contract, represented by a policy, in which an individual or entity receives financial protection or reimbursement against losses from an insurance company. The company pools clients' risks to make payments more affordable for the insured.

Answer:

Insurance is a contract in which an insurer promises to pay the insured party a sum of money if an event occurs in the future and in return for regular small payments known as premiums

Explanation:

a. Economists include only final goods and services when measuring GDP because multiple choice 1 if intermediate goods were not counted, then multiple counting would occur. if intermediate goods were counted, then prices would be overstated. if intermediate goods were not counted, then prices would be overstated. if intermediate goods were counted, then multiple counting would occur. b. Gross domestic product does not include the value of the stocks and bonds bought and sold because these transactions are considered multiple choice 2 consumption expenditures and should not be counted as production of final goods and services. economic investment, but should be counted as production of final goods and services. economic investment and should not be counted as production of final goods and services. consumption expenditures, but should be counted as production of final goods and services. c. When measuring GDP, economists don't include the value of the used furniture bought and sold because multiple choice 3 the value of used furniture is not reported anywhere. this value was already counted in GDP in some previous year. used furniture is a durable good. the value of used furniture needs to be averaged over a specified number of years.

Answers

Answer:

if intermediate goods were counted, then multiple counting would occur. #economic investment and should not be counted as production of final goods and services

this value was already counted in GDP in some previous year.

Explanation:

Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year

GDP calculated using the expenditure approach = Consumption spending by households + Investment spending by businesses + Government spending + Net export

Net export = exports – imports

When exports exceed import there is a trade deficit and when import exceeds import, there is a trade surplus.  

Items not included in the calculation off GDP includes:  

1. services not rendered to oneself

2. Activities not reported to the government  

3. illegal activities

4. sale or purchase of used products

5. sale or purchase of intermediate products because it would result in double counting

6. Goods produced in previous years. This is because it has already been included in previous years GDP and adding it would result in double counting  

How does insurance fraud create higher overall prices for everyone?

Ya girl is stuck, i need help

Answers

Answer:

Auto insurance fraud affects all drivers because insurance companies determine their rates, at least partially, based on losses. 

Gidgits Galore has been busy during this lesson continuing its expansion plans throughout the United States. After all, everyone must have a gidgit, the "must-have" gadget! Gidgits Galore has opened up stores in ten new states, hired hundreds of new employees, built two additional factories, and started an advertising campaign that has caught the US by storm! Its expansion has been featured in news magazines across the country. But Gidgits Galore has encountered a few problems and needs some advice.

Gidgits Galore is concerned about hiring employees from other countries whose language skills may not be proficient and is considering hiring only native English speakers. Is this a good idea?
Yes
No

Answers

Yes it is hope this helps

Answer:

NO    edge 2023

Explanation:

Many commuters in New York install radio frequency identification (RFID) devices on their cars that can be read automatically as they approach a toll booth. This saves time, improves traffic flow, and means drivers don't need to keep exact change in their cars. It also offers New York authorities the opportunity to manage traffic flow by charging different toll amounts for different times of day, such as charging a higher toll for morning and afternoon rush hour periods. This pricing strategy is

Answers

Answer:

off-peak pricing

Explanation:

Off-peak pricing is defined as the type of pricing where there is a lower charge for services when there is less flow of customers. It provides an incentive to keep customers that patronise a business when there is less demand.

When there is a rush or higher demand the price can now go higher.

In the given scenario where commuters in New York install radio frequency identification (RFID) devices on their cars that can be read automatically as they approach a toll booth. Also New York authorities the opportunity to manage traffic flow by charging different toll amounts for different times of day.

This is an off-peak pricing system

If Doria needs a short-term loan, what type of loan would you recommend she seek and from what type of financial institution? Justify your recommendation.

Answers

Explanation:

Short term loans are loans which are normally needed in order to take care of an emergency.

Doria can get short term loans from banks. To get this she has to be an already existing member of this bank.

She can also get from credit unions. Their rate of interest is usually smaller than the banks own and to access a loan she has to be an already existing customer of the union.

Also there are payday loans that she can lend from and pay back on her next pay day.

I would recommend borrowing from the credit union and the reason is simple, the interest rate is lower. So what she would be paying back in addition to her loan amount is going to be low.

CC's Marketing manager wants to carry out market research. Identify and explain two factors which could influence the accuracy of the market research data.

Answers

Answer: Have an objective/aim, have an understanding of gathering data

Explanation:

Marketing research is the careful and systematic gathering of information that would help influence the sales of a product or service you intend to sell. An effective and we'll carried out market survey or research would be a great guide on how to present a product to the public or the target market. There are two factors CC's marketing manager has to consider while carrying out the market research. They are;

Objectives/Aim; the marketing manager must have a guide on what he needs to research on while doing the market survey, he has to consider which target market he should look at, the kind of environment, he needs to have a well stated guide that he can work with to give him the desired results which would be effective for him.

How to gather data; the marketing manager would have to have an understanding of gathering data. Data is vital when carrying out market research, it gives you a guide in the number of people you should be considering or the number of things to note or percentages of factors you're considering and how you should plot yours.

please help meeeeeeeeeee​

Answers

One benefit of building a good brand image: Customer recognition. Having a strong brand works to build customer recognition. This means when a customer is shopping for a particular product or considering a company to perform a service, they recognize your company in the running. Consumers are far more likely to choose a brand that they recognize over something unfamiliar, even if they don’t know a great deal about your company at the time.

Which of the following would the government potentially do to collect overdue taxes from a business?
A. Advertise against the business
B. Fine employees of the business
C. Demolish the business facilities
D. Seize property of the business

Answers

Answer:

B. Fine employees of the business

Answer:

Seize property of the business

Explanation:

What would happen if we were left without sun for 24?
Answer in your own words.

Answers

Answer:

You would get a heat stroke. A heat stroke is something that happens when your body absorbs to much heat. Signs of it are High body temperature, hot, red dry or damp skin. etc. That much heat is not good for you and it can cause pain.

If Rosetta sells her house and pays off the mortgage, how much should she receive (assuming there are no other costs associated with selling the house)?

Answers

She should receive the amount of money that she sol the house for.For example if she sold the house for $200,000 she would receive that much money.

Answer:

(B) 50,000

Explanation:

1. what is Business income​

Answers

Business income is a type of earned income and is classified as ordinary income for tax purposes. ... In its simplest form, it is a business entity's net profit or loss, which is calculated as its revenue from all sources minus the costs of doing business. :)

I think Business income is a type of earned income and is classified as ordinary income for tax purposes.

have a nice day:)

Gross domestic product (GDP) may be calculated as the sum of ______. Multiple choice question. exports and imports only consumer spending, investment spending, government transfer payments, and exports minus imports consumer spending, investment spending, government purchases of goods and services, and exports consumer spending, investment spending, government purchases of goods and services, and net exports

Answers

Answer:

consumer spending, investment spending, government purchases of goods and services, and net exports.

Explanation:

The Gross Domestic Products (GDP) is a measure of the total market value of all finished goods and services made within a country during a specific period.

Simply stated, GDP is a measure of the total income of all individuals in an economy and the total expenses incurred on the economy's output of goods and services in a particular country.

Gross domestic product (GDP) may be calculated as the sum of consumer spending, investment spending, government purchases of goods and services, and net exports (exports minus imports).

Basically, the four (4) major expenditure categories of GDP are consumption (C), investment (I), government purchases (G), and net exports (N).

Which of the following can be defined as generally accepted behavior required in social relations?

Actions

Etiquette

Traditions

Body language

Answers

I think its A Action because most likley you would be very cooperative and listen to people in social reaction Just my opinion!

Answer:

Which of the following can be defined as generally accepted behavior required in social relations?

Actions

Etiquette

Traditions

Body language

Online shopping can be categorized into which of the following types of retailers?
O Brick-and-mortar
O Non-store retailers
O Specialty retailers
O Convenience retailer

Answers

Answer:

O Non-store retailers

Explanation:

Online shopping is the type of shopping where there is no physical shop in which the goods are advertised but rather, the are advertised online using pictures. When a customer makes purchases, the seller would then pick up the purchased goods from his house and send to the buyer through a reliable local or international logistics company. It is non-store due to the fact that, no physical store or office is required before trading can occur.

A car is driven 15Km East for 12minutes before the road changes. The car is then driven south for 18minute​

Answers

Answer:

30Km

Explanation:

which of the following is a positive externality

•household waste
•litter on the road
•noise pollution
•bus rides to school

Answers

Answer:

D . BUS RIDES TO SCHOOL

Explanation:

All the others listed are negative externalities.

Bus rides to school is a positive externality

A good or service generates positive externality if it gives benefits that is greater than its cost to third parties that are not involved in its production.

Bus rides to school generates positive externality. This is because it reduces traffic on the roads. This benefits other road users (third parties).

Another example of a product that generates positive externality is research and development. Discovery of a new treatment for a disease benefits the general public.

Household waste, litter on the road  and noise pollution generate a negative externality.

A good has negative externality if the costs to third parties not involved in the activity is greater than the benefits.

To learn more about positive externalities, please check: https://brainly.com/question/9346389?referrer=searchResults

On the income statement, a merchandising company reports the cost of merchandise inventory that had been sold to customers. TRUE OR FALSE

Answers

Answer:

True

Explanation:

The correct answer is - True

Reason -

Cost of goods sold is the inventory cost to the seller of the goods sold to customers. It Expense item with a normal debit balance.

The word expense is not written there but it is an expense item on the income statement as a reduction to Revenue.

people who perform task and jobs are part of which factor of production

Answers

Answer:

The factors of production in an economy are its labor, capital, and natural resources. Labor is the human effort that can be applied to the production of goods and services. People who are employed or would like to be are considered part of the labor available to the economy.

Explanation:

You own a public relations firm in Sacramento, California. Several months ago, the campaign manager for one of California's senators hired your company to handle PR for the upcoming re-election campaign, and you've been working with the campaign team continuously ever since. This morning you received an email from the campaign manager, saying she'd like to schedule a meeting. In the context of the typical organizational buying process, what would you anticipate discussing in this meeting

Answers

Answer: C. Feedback on your firm's performance so far

Explanation:

The options include:

A) Your qualifications for the assignment

B) The fees for your services

C) Feedback on your firm's performance so far

D) The senator's need for PR in the future, after she's been re-elected.

Organization buying process refers to the decision making process used by organizations to make a decision regarding purchases. In the case, different alternatives may be looked into and the best one that'll provide the quality needed is chosen.

In the context of the typical organizational buying process, what would be anticipated in the discussion of this meeting is to feedback on the firm's performance so far.

Since the campaign manager for one of the California's senators hired the company to handle PR for the upcoming re-election campaign, the firm should give them information in happenings that occured since when the job was given to them and tell them the necessary steps in place to ensure victory at the forthcoming election.

Which type of manager would most likely be responsible for researching customers' purchasing habits?

A. Operations manager

B. Marketing manager

C. Finance manager

D. Human resources manager

Answers

B. Marketing Manager

Granville Transportation, a designer and manufacturer of self-driving buses and streetcars, is working on developing the next generation of electric vehicles. Granville has chosen to focus on a narrow buyer segment of medium-sized cities with populations between 100,000 and 1,000,000, and is outcompeting rivals by manufacturing its vehicles at a lower cost via artificial intelligence-guided robots. Which of the five basic strategic approaches has Granville Transportation decided upon

Answers

Answer:

best-cost provider

Explanation:

The five basic strategic approaches has Granville Transportation decided upon are;

✓Broad low-cost strategy.

✓Best-cost strategy.

✓Broad differentiation strategy.

✓Focused differentiation strategy.

✓Focused low-cost strategy.

Best-cost provider strategy can as well be regarded as 'best-cost strategy', this strategy focused on how to get quality of products increased and reducing costs at the same time, it aims in providing customers with more value.

A couple weeks ago, Alex saw her boss stealing money out of the cash register. Her boss noticed that Alex saw. Alex planned to tell one of the other managers the next day, but when she came in for work, her boss pulled her aside and told her that she should keep her mouth shut if she wanted to keep her job, because she would be blamed for the missing money if she told anyone what she saw. Alex's boss is using what unethical communication practice discussed in our lectures from this week

Answers

Answer:

The answer is "Coercion".

Explanation:

Its legislative concept of coercion between both the states was reasonably uniform: utilizing bullying and threats to force (or inhibit) individuals to do something they have and do not have a legal right to. It implies that helping a person, through threatening his security and well or those of his family or property, which we usually should not do.

ways which business can overcome competition in the market environment​

Answers

Ten ways to keep ahead of the competition

Know the competition. Find out who your competitors are, what they are offering, and what their strengths and weaknesses are. ...

Know your customers. ...

Differentiate. ...

Step up your marketing. ...

Update your image. ...

Look after your existing customers. ...

Target new markets. ...

Expand your offer.

When new college graduate Sami Hensen goes to visit her Great-Aunt Gertrude, she is surprised when the older relative tells her she is soon leaving on a cruise with friends. Sami cannot imagine how her great-aunt can afford such luxury, while living in a nice house in a peaceful neighborhood, and wonders if her aunt’s mental capacities are failing her. At her gentle inquiry about the costs, her Great-Aunt Gertrude laughs away her concern, telling her that she has been receiving monthly checks out of the equity she has in the home. Now Sami really thinks her old aunt is off her rocker! If Great-Aunt Gertrude is correct, which of the following statements is true of this situation?A. Gertrude has a Package Mortgage, which is commonly used in situations of people who are "house rich, cash poor." This type of loan is common for senior citizens.B. Gertrude has a Wraparound Mortgage, which provides for extra cash-in-hand.C. Gertrude has a fully-amortized loan, so she receives a monthly dividend.D. Gertrude has a Reverse Annuity Mortgage, which is a loan that must be repaid upon the owner’s death, if she moves elsewhere, or upon the sale of the property.

Answers

Answer: Gertrude has a Reverse Annuity Mortgage, which is a loan that must be repaid upon the owner’s death, if she moves elsewhere, or upon the sale of the property.

Explanation:

A reverse annuity mortgage is referred to as a loan secured against the value of the home of a person which allows the owner cash in on some of the equity of the home without the person selling the house. This is what Simi's aunt is enjoying.

Therefore, the correct option is D "Gertrude has a Reverse Annuity Mortgage, which is a loan that must be repaid upon the owner’s death, if she moves elsewhere, or upon the sale of the property".

Which examples best demonstrate likely tasks for Manufacturing Production Process Development workers? Check all that apply.

Edward identifies the problem with an engine and repairs it.
Harvey inspects a manufacturing plant for safety hazards.
Charlotte loads materials into a machine for processing.
Wayne gathers customer feedback to incorporate it into a product’s design.
Domenica writes instructions for how to build a product.
Erin uses CAD software to make a model of a product she is designing.

Answers

Answer:

4,5,6

Explanation:

Answer: The person above me is correct :)

Explanation: edge

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