Business
Business, 12.11.2019 00:31, mgollaoutlaw35

Greene company has the following expected pattern of collections on credit sales: 70 percent collected in the month of sale, 15 percent in the month after the month of sale, and 14 percent in the second month after the month of sale. the remaining 1 percent is never collected.

at the end of may, greene company has the following accounts receivable balances:

from april sales
$21,000

from may sales
48,000

greene expected sales for june are $150,000. how much cash will greene company expect to collect in june?

a.
$127,400

b.
$129,000

c.
$148,600

d.
$152,520

answer
Answers: 2

Other questions on the subject: Business

image
Business, 22.06.2019 09:30, animexcartoons209
Factors like the unemployment rate, the stock market, global trade, economic policy, and the economic situation of other countries have no influence on the financial status of individuals. question 1 options: true false
Answers: 1
image
Business, 22.06.2019 19:50, Amholloway13
The interaction of individual choices because a type of fish is on the verge of extinction, the government imposes rules that prohibit fishing in the publicly owned spawning grounds. at first owners of fshing bouts complain about this restriction on where they can fish, but soon they notice that the number of adult fish swimming outside the protected area is much higher than it was before. with the restriction, each fishing boat ends up catching more fish than it did before the r which of the following principles of economic interaction best describes this scenario? o there is a tradeoff between equality and efficiency o markets usually lead to efficiency. o when markets do not achieve efficiency, government intervention can improve overall welfare o markets allocate goodseffectively
Answers: 1
image
Business, 22.06.2019 19:50, oomale
Joe pays ann to mow his lawn and ann mows vanna's lawn by mistake. vanna peers out her window and sees ann mowing, yet says nothing to ann about her mistake since vanna needs to have her lawn mowed. when ann approaches vanna for payment, vanna refuses, arguing that she never asked ann to mow her lawn. under these circumstances, ann can recover payment from vanna under:
Answers: 1
image
Business, 22.06.2019 22:20, Shubbs
Which of the following is one disadvantage of renting a place to live compared to buying a home? a. tenants have to pay for all repairs to the building. b. the landlord covers the expenses of maintaining the property. c. residents can't alter their living space without permission. d. rent is generally more than monthly mortgage payments.
Answers: 1
Do you know the correct answer?
Greene company has the following expected pattern of collections on credit sales: 70 percent collec...

Questions in other subjects:

Konu
Mathematics, 28.01.2020 10:31