Happy Manufacturing Company needs to know its anticipated cash inflows for the next quarter by month. Cash sales are 25 percent of total sales each month. Historically, sales on account have been collected as follows: 50 percent in the month of the sale, 30 percent in the month after the sale, and the remaining 20 percent two months after the sale. Gross sales for the quarter are projected as follows: January February March Accounts receivable on December 31 were $30,000, Happy's expected cash collections for March would be: Select one: $20,000 $10,000 $40,000

Happy Manufacturing Company needs to know its anticipated cash inflows for the next quarter by month. Cash sales are 25 percent of total sales each month. Historically, sales on account have been collected as follows: 50 percent in the month of the sale, 30 percent in the month after the sale, and the remaining 20 percent two months after the sale. Gross sales for the quarter are projected as follows: January February March Accounts receivable on December 31 were $30,000, Happy's expected cash collections for March would be: Select one: $20,000 $10,000 $40,000

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Similar questions

he state of Florida sold a total of $36.1 million worth of lottery tickets at $1 each during the first week of January 2007. As prize money, a total of $41 million will be distributed over the next 21 years ($1,952,381 at the beginning of each year). The distribution of the first-year prize money occurs now, and the remaining lottery proceeds are put into the state’s educational reserve funds, which earn interest at the rate of 6% compounded annually. After the last prize distribution has been made (at the beginning of year 21), how much will be left over the reserve account? (withouth using the excel formulas please!)
Smith, a U.S. citizen, has been working as an executive of a telecommunication company in U.S., and her annual salary in 2021 was US$220,000. Her salary was expected to remain unchanged if she continued to work in the company. At the end of the year 2021, however, she was recruited by a media company in Brazil, so she started working in Brazil from January 2022, making an annual salary of US$280,000. Assuming that the amount of her salary equals the amount of her contribution to the production in the company she works for, how much the annual U.S. GDP and GNP in 2022 was changed due to her job relocation?
AS (P100) AS (P125) AS (P73) P $280 $250 $220 125 $250 $220 $190 $310 $280 $250 125 125 100 100 100 75 75 75 Suppose the full-employment level of real output (Q) is $250 and the price level (P) is initially 100. Use the short-run aggregate supply schedules above to answer the following: What will be the level of real output in the short-run if the price level unexpectedly rises from 100 to 125 because of an increase in aggregate demand? $Blank 1 What will be the level of real output in the short-run if the price level unexpectedly falls from 100 to 75 because of a decrease in aggregate demand? $Blank 2 What will be the level of real output in the long-run when the price level rises from 100 to 125? $Blank 3 What will be the level of real output in the long-run when the price level falls from 100 to 75? $Blank 4
5) At t = 0, $5, 000 is deposited in fund X and $10, 000 is deposited in fund Y . Fund X earns force of interest δt = t k for some k > 0 while fund Y earns nominal interest i (12) = 7%. Find k if both accounts have the same amount of money after 5 years.
Assume r = 0.1 is the present real interest rate and this rate is expected to prevail for the next 2 years. The monetary return (i.e. marginal revenue product) on machine A is expected to be R1 = $100,000 for year 1 and R2 = $50,000 for year 2. The present discounted value (PDV) of the net revenue flow from machine A to its owner is equal to ???
9
Smith, a U.S. citizen, has been working as an executive of a telecommunication company in U.S., and her annual salary in 2014 was US$220,000. Her salary was expected to remain unchanged if she continued to work in the company. At the end of the year 2014, however, she was recruited by a media company in Brazil, so she started working in Brazil from January 2015, making an annual salary of US$250,000. Assuming that the amount of her salary equals the amount of her contribution to the production in the company she works for, how much the annual U.S. GDP and GNP in 2015 was changed due to her job relocation? Clearly show the reasoning for your answer.
This person earns $1000 of income today and $2000 income next year. Point C represents his consumption if he doesn't borrow or lend. If the interest rate is 10%, his Consumption Next Year at Point A is? Censumption Next Year