Answer:
$157,000
Explanation:
The calculation of estimated cash receipts from accounts receivable collections in May is shown below:-
Collections from sales of may = $200,000 × 20%
= $40,000
Collections from sales of April = $150,000 × 70%
= $105,000
Collections from sales of prior period = $12,000
Estimated Collections in May month = Collections from sales of may + Collections from sales of April + Collections from sales of prior period
= $40,000 + $105,000 + $12,000
= $157,000
So, for computing the estimated collection in may month we simply applied the above formula.
Answer:
D
Explanation:
A monopoly that attempts to charge the socially desirable price will invariably reduce their economic profit because average cost and marginal cost are equal.
Answer and Explanation:
The computation of the effective interest rate is shown below:
For Fidelity bank
= (2 × 4 × $150,000 × 0.12) ÷ (4 +1 )× ($150,000 - $18,000 - ($150,000 × 26%)
= 30.97%
For southwest bank
= (2 × 12 × $150,000 × 0.12) ÷ (12+1 )× ($150,000 - ($150,000 × 13%)
= 25.46%
Answer:
The correct answer is letter "A": importing.
Explanation:
Importing activities involve businesses or individuals purchasing goods from manufacturers abroad with the purpose of reselling those goods or for personal use. Importing goods imply paying tariffs on those products as a way to protect national businesses.
