Pinewood Department Store reported the following information for 2020: October November December Budgeted sales $1,300,000 $1,600,000 $1,900,000 All sales are on credit. Customer amounts on account are collected 40% in the month of sale and 60% in the following month. How much cash will Pinewood receive in November

Partnerships are the most common type of business firms in the world. t/f

Steele bicycle manufacturing company currently produces the handlebars used in manufacturing its bicycles, which are high-quality racing bikes with limited sales. steele produces and sells only 10,000 bikes each year. due to the low volume of activity, steele is unable to obtain the economies of scale that larger producers achieve. for example, steele could buy the handlebars for $31 each: they cost $34 each to make. the following is a detailed breakdown of current production costs: after seeing these figures, steele's president remarked that it would be foolish for the company to continue to produce the handlebars at $34 each when it can buy them for $31 each. calculate the total relevant cost. do you agree with the president's conclusion?

True or false: banks are required to make electronically deposited funds available on the same day of the deposit