Liza's budgets sales of $42,000 for May and $56,000 for June. Assume 60% of Liza’s sales are for cash. The remaining 40% are credit sales; credit customers pay the entire amount owed in the month following the sale.

Prepare the schedule of cash receipts from sales for June.

Answers

Answer 1

Answer:

$50400

Explanation:

May:

Sales = 42000

From cash = 42000*60% = 25200

From credit = 42000 - 25200 = 16800 (Jun cash in)

June:

Sales = 56000

From cash = 56000*60% = 33600

June cash receipts = 33600 + 16800 = 50400


Related Questions

13) In the following expression, Total: [Rate] * [Hours], "Total" is a(n) ________.


A. alias


B. Group By operator


C. title


D. wildcard

Answers

Answer:

B. Group By operator

Explanation:

Hope this helps and have a nice day :)

Answer:

Group by operators

Explanation:

If it's Python then the correct word is variable and title .

As total is used to store the result of rate ×Hours

Discuss the role the Competition Act plays in South Africa to reduce the formation of monopolies

Answers

The Competition Act of 1998 has reduced the formation of monopolies in South Africa by achieving the following objectives.

What is the role of the South African Competition Act?

The South African Competition Act aims to:

Promote and maintain competition in South Africa.Promote the efficiency, adaptability, and development of the economy.Provide consumers with competitive prices, higher quality goods and services, product and service varieties, and increased innovation.

Thus, the Competition Act of 1998 has reduced the formation of monopolies in South Africa by achieving the following objectives.

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In the Trial Balance:
a. Total of both debit and credit should be equal.
b. Total of debit side can be greater than credit side.
c. Total of debit side will be less than credit side.
d. Total of debit side and credit can be different.

Correct answers will be mark as brainliest
Don't answer if you don't know

Answers

Answer:

Option A

Explanation:

Debit is for increasing expenses and assets Where as credit decreases them.

As per Newtons third law every action has a equal and opposite reaction

So every debit have a equal credit in trial balance.

Opt A is correct

what are finance management​

Answers

Answer:

Financial management is the business function.

Explanation:

Financial management is the business function concerned with profitability, expenses, cash and credit, so that the "organization may have the means to carry out its objective as satisfactorily as possible;" the latter often defined as maximizing the value of the firm for stockholders.

Discuss the role of industrial relations in an industrial society

Answers

Uninterrupted production – The most important benefit of industrial relations is that this ensures continuity of production. This means, continuous employment for all from manager to workers. The resources are fully utilized, resulting in the maximum possible production. There is uninterrupted flow of income for all.

Wheat is an example of this market structure.

A. perfect competition

B. a monopoly

C. an oligopoly

D. monopolistic competition

Answers

Answer:

perfect competition

Explanation:

The wheat industry is a very competitive market. It has many sellers and producers.

What is Universal Perspective

Answers

Answer:

1 of, relating to, or typical of the whole of mankind or of nature. 2 common to, involving, or proceeding from all in a particular group. 3 applicable to or affecting many individuals, conditions, or cases; general. 4 existing or prevailing everywhere.

Please answer quickly will mark BRAINLIST

Answers

Answer:

Sorry if I get this wrong, but I believe it is A. Like I said, sorry if I got it wrong

Answer:

I also think its option A.

On December 31, 2021, Sandhill Co. had 1,255,000 shares of $7 par common stock issued and outstanding. At December 31, 2021, stockholders’ equity had the amounts listed here.

Common Stock $8,785,000
Additional Paid-in Capital 1,810,000
Retained Earnings 1,180,000

Transactions during 2022 and other information related to stockholders’ equity accounts were as follows.

1. On January 10, issued at $112 per share 130,000 shares of $100 par value, 7% cumulative preferred stock.
2. On February 8, reacquired 18,600 shares of its common stock for $12 per share.
3. On May 9, declared the yearly cash dividend on preferred stock, payable June 10, to stockholders of record on May 31.
4. On June 8, declared a cash dividend of $1.70 per share on the common stock outstanding, payable on July 10, to stockholders of record on July 1.
5. Net income for 2022 was $3,546,000.

Record the journal entries that are required for items 1–5 above. (Record entries in the order displayed in the problem statement. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Answers

The journal entries for the given transactions are recorded as follows:

1) The issue of preferred stock is recorded by debiting the cash account by $14,560,000 and crediting the preferred stock and additional capital by $13,000,000 and 156,000.

2) The repurchase of common stock is recorded by debiting the treasury stock and crediting the cash with the same amount of $223,200.

3) The dividend declared on preferred stock is recorded by debiting the retained earnings and crediting the dividend payable with equal amounts of $910,000 and at the time of making payment of dividends to preferred investors, the dividend payable should be debited and cash should be credited with same amounts of $910,000.

4) The dividend declared on common stock is recorded by debiting the retained earnings and crediting the dividend payable with equal amounts of $2,101,880. The dividends to common investors are recorded by debiting the dividend payable and crediting the cash with equal amounts of 2,101,880.

5) The transfer of net income at year-end is recorded by debiting the net income and crediting the Retained earnings with equal amounts of $3,546,000.

What are the journal entries?

Journal entries are used to recognize the transactions of financial nature as and when entered by an entity. It is the primary step in the accounting process.

The journal entries for the provided transactions are as follows:

Date          Particulars                                              Debit ($)      Credit ($)

Jan 10   Cash Account (130,000 shares X $112 )   14,560,000

                  Preferred Stock (130,000 shares X $100)               13,000,000

                  Additional capital (130,000 shares X $12)                 156,000  

               (To record the issue of preferred stock )

Feb 8    Treasury stock (18,600 shares X $12)        223,200

                  Cash                                                                            223,200

             (To record the repurchase of common stock )

May 9   Retained earnings (130,000 X $100 X 7%) 910,000

                 Dividend payable                                                      910,000

               (To record the dividend declared on preferred stock )

Jun 8     Retained earnings(1,255,000-18,600 X $1.70) 2,101,880

                  Dividend payable                                                       2,101,880

               (To record the dividend declared on common stock )

Jun 10    Dividend payable                                               910,000

                    Cash                                                                            910,000

                (To record the payment of preferred dividends)

July 1      Dividend payable                                            2,101,880

                    Cash                                                                           2,101,880

                (To record the payment of common dividends)

Dec 31    Net income                                                      3,546,000

                   Retained earnings                                                     3,546,000

                (To record the transfer of net income at year-end)

Therefore, the journal entries for the provided transactions are recognized as above.

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which of the following is NOT a service provided by a credit counselor?
A. lending the borrower money
B. Helping the borrower create a debt management plan
C. Suggesting educational workshops
D. speaking to creditors

Answers

A service not provided by a credit counselor is lending the borrower money.

Who is a credit counselor?

Credit Counselors helps one tomanage credit and make better plans for credit in the future.

They will also help you clear or better manage your debt too. The counselor might speak to the creditors on the borrower's behalf.

Hence, a service not provided by a credit counselor is lending the borrower money.

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Answer:

A. Lending the borrower money.

Explanation:

I've done this quiz and can guarantee its correct!!

Which of the following is a capital budgeting decision (investment decision)?

Answers

A capital budgeting decision is Deciding whether or not to open a new store.

what is capital budgeting?

Capital investments or Capital budgeting are long-term investments in which the assets involved have useful lives of multiple years.

For example: constructing a new production facility and investing in machinery and equipment are capital investments.

Capital budgeting is a method of estimating the financial viability of a capital investment over the life of the investment. It identifies the cash inflows and outflows.

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What steps should be taken when researching what car to buy? Check all that apply.
O Check government safety records.
Read product reviews.
Determine the popularity of each car.
O Examine fuel-economy information.
O Watch car commercials.
Consider maintenance costs.

Answers

The last one is correct ¯\_(ツ)_/¯

The Tucana Bank of Commerce pools customer deposits and uses the
funds to make loans to businesses and households. These businesses and
households, now known as the borrowers, pay the bank interest, and the
bank, in turn, pays depositors interest for the use of their money. Which
of the following would best describe the process used by the bank?
O Barter system
Indirect transfer
O Direct transfer
O Foreign exchange

Answers

I think it is b or c

Indirect transfer and Direct transfer of the following would best describe the process used by the bank. Thus, options B and C are correct.

 

What is a bank?

Bank, a business that deals with money or its alternatives as well as other financial services. A bank serves as a financial middleman, accepting deposits and issuing loans.

A commercial bank pools client deposits and lends money to individuals, families, and enterprises. In order to provide loans to homes and enterprises, the Tucana Bank of Economy pools consumer assets. Now referred to as lenders, these companies and families charge interest to the bank, which in turn pays deposit interest when they use their funds.

These loans charge interest to the lender, which then pays investors income for using their funds. Therefore, option B and C is the correct option.

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As project manager, you have some ideas on how to recover a project that is falling behind schedule. Which action could you immediately take to get the project back on track?

Answers

Answer:

Develop a new project plan.

Stop/prevent all scope changes.

Downward adjust the scope of work.

Re-evaluate activities yet to be done.

Develop a new viable/realistic schedule.

Develop a risk management plan.

Re-evaluate resource availability.

Develop new project planning documents.

Explanation:

Answer:

Start with solutions you can authorize

Explanation:

The AICPA's Statements on Standards for Tax Services (SSTS) allows the tax accountant to lie or be a party to a lie on a tax return
True or False
True
False

Answers

Answer:

i think the answer is false

Explanation:They can not lie about a accountant

I am not 100% that this is the answer

The answer to this question is false

If you had to formulate some goals for Cashbuild, what would they be ? (13)

Answers

I will focus more on what Cashbuild has achieved all these years and how formulate ways to addressed the obstacles they  did face so as to prevent future occurrence.

What is Cashbuild about?

This is known to be a South African-based retailer company that is known form making building materials and other products.

They are known to give products at the cheap or lowest price mainly to the public. Due to their nature of work,  I will focus more on what Cashbuild has achieved all these years and how formulate ways to addressed the obstacles they  did face so as to prevent future occurrence.

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Briefly describe nine other driving forces that impact the motor vehicle industry most.

Answers

Some of the driving forces of the motor vehicle industry include:

Economic conditions. Consumer taste. Governmental regulations. Technological advances. Labor force skill. Supply chain management. International Competition. Political competition. Environmental risks.

Which forces affect the motor vehicle industry?

Economic conditions affect sales of motor vehicles as well as consumers changing their taste in the type of vehicles they want.

Government regulations such as those relating to environmental risk can also play a big part and political competition amongst nations can lead to supply chain disruption for motor vehicle manufacturers.

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Sally is explaining what a career ladder is to her friend. . How could she BEST explain a career ladder?

A.
It emphasizes that it’s a long, hard climb to succeed in any career.

B.
It compares positions to the rungs of a ladder that can be climbed to reach a goal.

C.
It means that the right tool makes it easier to advance in an academic or career plan.

D.
It reminds people not to settle for jobs that don’t match their interests or goals.

Answers

A career ladder can be best explained as a process where the position top the rungs of a ladder that can be climbed to reach someone's career goals.

What is a career ladder?

A career ladder can be explained as a progress or promotions that a person makes while gaining skills and experiences in their workplace, which leads to their promotion in the organization.

Hence, option B is the best explanation of a career ladder.

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Which of the following individuals is using stress management techniques?
A.
Preston gets really stressed if he gets behind so he will occasionally stay late after work in order to stay on schedule.
B.
Emily used to get really nervous asking her boss questions, but then she changed her perspective when she realized that her boss appreciates her asking questions.
C.
Zach always plays basketball with co-workers after they have a stressful day.
D.
All of the above
ANSWER IS NOT OPTION A (Preston) THAT IS ALL I KNOW. WILL GIVE BRAINLIEST

Answers

It's

D. All of the above

hope this helps

Answer:

all the above

Explanation:

You have just learned that the United States and China have signed a new trade agreement. This agreement will make it easier for non-Chinese companies to sell electronic components such as those your firm makes in China. Does this new trade agreement reflect a strength, a weakness, an opportunity, or a threat?

Answers

Trade agreements bring different strengths for the economy, weaknesses of the implementation of plan; growth opportunities for both the economies; and lastly threats to the local and domestic competitors.

What are trade agreements?

The agreement entered into by two or more economies or organizations to conduct lawful trade activities in a predetermined manner is known as a trade agreement.

Based upon the trade agreements, following are:

Strengths – Development of trade relations; availability of products at cheaper prices.

Weaknesses – Irregularities in the agreement leading to the failure of trade activities.

Opportunities – Exposure to new market; increased consumer loyalty; trade expansion.

Threats – Competition given by domestic manufacturers.

Hence, the traits of the trade agreement are aforementioned.

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What does this part of the safety manual indicate about the use of ladders?

Ladders can be used only on a limited basis.
Workers must take care to handle ladders correctly.
Workers must wear the proper gear when using ladders.
Ladders can be used only on certain levels of the warehouse.

Answers

Answer:

B

Explanation:

I PUT IT ON BABY

When using ladders, employees must be properly outfitted. As a result, choice (C) is the best way to respond.

What is head gear?

Any article of clothing worn on the head is referred to as headgear, headwear, or headdress. Examples include hats, helmets, turbans, and many other styles. Headgear is worn for a variety of reasons, such as social customs, ornamentation, protection from the elements, or for religious or cultural reasons.

Helmets are made to prevent injuries to the head and occasionally the neck. They often provide protection from blows and are stiff. In combat, on construction sites, and in many contact sports, helmets are a common sight (most commonly being associated with American football).

They are required by law in the majority of the United States for anyone operating a variety of vehicles, including motorcycles, and occasionally extend to bicycles and skateboards.

Hence, option (C) is accurate.

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How much does it cost to manufacture a normal pair of goggles?

Answers

Answer:

For basic, single lenses, it's $113. That means the total will run you on average about $351 for a complete pair of glasses.

Explanation:

Once you have this, you can most likely begin creating your slide presentation.

A. An outline of the material you want to cover in your slide presentation.

B. The date and location of your slide presentation.

C. The best colors and size to use for your fonts.

D. A good collection of images

Answers

Answer:

A. An outline of material you want to cover in your slide presentation.

Answer:

A.

Explanation:

2. Explain the four characteristics of the price system.
3. Why is the price system an efficient way to allocate resources?
4. How do prices serve as signals and incentives to producers to enter a
particular market? to leave a certain market?
5. How does the story of Dell Inc. demonstrate the effects of
competitive pricing? in book of economics 174-178 pg.
High-school

Answers

Answer:

1-The four characteristics of the price system are that it is neutral, market driven, flexible, and efficient. It is neutral because prices do not favor the producer or the consumer because the they both make choices that determine the equilibrium price.

2-Why is the price system an efficient allocator of economic resources? Prices are neutral, which means they are equally fair to both consumers and producers. They are flexible which means they can adapt to changing economic conditions. Prices are familiar which means that everyone understands how they work.

3-how do prices serve as signals and incentives to producers to leave a particular market? it showed that when a strong competitor offers similar products for lower prices other producers must also lower their prices. Less efficient companies were driven from the market.

4-demonstrates the effects of competitive pricing because it shows how the company strategically lured customers away from rival producers while still making the highest profit.

Explanation:

:)

difference between management and leadership​

Answers

Management consists of controlling a group or a set of entities to accomplish a goal. Leadership refers to an individual's ability to influence, motivate, and enable others to contribute toward organizational success. Influence and inspiration separate leaders from managers, not power and control.

Y return goods to X. Which document will Y send to X?
A. Credit note
B. Debit note
C. Invoice
D. Receipt

Correct answers will be mark as BRAINLIEST​

Answers

Answer:

Debit note

Explanation:

Y is returning means the actual owner is XHence X is crediting Y si giving means Y is debiting.So Y needs debit note .

Option B

Answer:

B. debit note

Explanation:

On returning the goods, Y provides X with the debit note along with the goods. This is because the money paid by Y should be debited by X.

Categorize each scenario as describing a movement along a demand curve or a shift of the demand curve.


a. College students reduce how much detergent they use for each load of laundry in response to higher detergent prices.




b. College students rush and buy discount furniture to take advantage of an unexpected price drop.




c. College students purchase many more energy drinks during finals week than during the rest of the semester.




d. Students eat out more often as the federal government increases how much grant money it provides students.

Answers

a. College students reduce how much detergent they use for each load of laundry in response to higher detergent prices.

(demand curve)

b. College students rush and buy discount furniture to take advantage of an unexpected price drop.

(Shift of a demand curve)

c. College students purchase many more energy drinks during finals week than during the rest of the semester.

(Demand curve)

d. Students eat out more often as the federal government increases how much grant money it provides students.

(Shift or a demand curve)

buying a house is most likely a long-term goal for a person of which of these ages?

Answers

Answer:

A - "15 y/o"

or

B - "19 y/o"

(There are two types of this question for just choose which one is on it)

May someone pls help and fast???

Answers

Answer:

Its the SAT (Scholastic Aptitude Test)

And for Tamara, she should ask Ben politely to lower his voice

If you want a higher interest rate and need to make only a few transactions per month, which type of account should you choose?
A. Checking account
B. Certificate of Deposit
C. Savings account
D. Money market account

Answers

Savings account is a account in which if we want a higher interest rate and need to make only a few transactions per month.

What is Savings account?

A savings account is a basic type of bank account that allows you to deposit money. You can withdraw your money from it, and most banks pay you compounding interest on the balance of these accounts. The purpose of a savings account is to provide a safe place to stash the money you're not using for regular expenditures. Many banks, credit unions, and other financial institutions offer savings accounts in addition to other accounts.

What are Alternatives to Savings Accounts?

Online Savings Accounts-Online- Only accounts are a great option for higher earnings and lower fees. The result of lower fees is that you can find many of the highest-yield savings accounts at online banks. Many online banks also allow you to get started with no minimum deposit, though some of the higher-yielding accounts require larger deposits. Money Market Accounts- Like savings accounts, money market accounts pay interest on your deposits and limit how often you can make certain transfers. However, they typically pay more than savings accounts, and it's easier to spend your money.

What interest?

Interest is the price you pay to borrow money or the cost you charge to lend money. Interest is most often reflected as an annual percentage of the amount of a loan. This percentage is known as the interest rate on the loan. For example, a bank will pay you interest when you deposit your money in a savings account

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Select the correct answer. Matt dreams of becoming an astronaut. Which Air Force command should he aim to join? OA. Air Combat Command B. Air Force Global Strike Command OC. Air Force Special Operations Command 0 D. Air Force Space Command Reset The Only Road book summary Select the sentence with correct subject-verb agreement.I is going to do my best to listen and consider the problem.He are mistaken about what needs to be done.Everything are going to turn out fine in the end.You are correct to take your time in order to make a good decision Write the following phrase as an algebraic expression. Use n for "a number."three increased by the quotient of a number and twoa.3+ n2b.223 + -2C.3(2 + 2)d.3 + 222Please select the best answer from the choices providedABC Someone please help me? Please help asap! I dont understand it Please help me with this question. Whoever answers gets a surprise 27% of the high school graduating class of 2010 went on to a 2-year college, 41% went on to a 4-year college, and the remaining 32% did not go on to college. Of these who went on to a 2-year college, 52% worked at the same time, 32% of these going on to a 4-year college worked, and 78% of those who did not go on to college worked. What percentage of those working had not gone on to college? Which of the following correctly describes the role of the President and Senate in foreign policy? Describe how civil rights were limited during the war. Individuals in a dissociative fugue state may not attract attention or receive immediate medical care because __________. a. while in a fugue state they tend to be aggressive, so people avoid them b. they will usually retreat to a quiet place and keep to themselves c. fugue episodes only require attention if there is more than one episode d. they will show no signs of illness nor do they often display odd behavior our sun is a star that is fueled by a specific type of nuclear reaction. which type of nuclear reaction is this? Easily with mix boils oil not 5. Guess who I am? Give the oppos I am masculine. I am in charge of a school. Who am I? Opposite gender is: Instead of eating regular meals, would you drink a beverage that is a complete meal? Rob Rhinehart has created a beverage that provides all the nutrients his body needs. He views eating as a think that should only do for fun. you see it the same way? If you could, would you chug a cup of his beverage to avoid taking the time to eat? Do you think this is a good idea for everybody? Is the future of humanity a purely liquid diet of exactly the stuff we need, nothing more? Mitosis results in two fill in the blank text field 1 daughter cells that have the same genetic makeup. meiosis results in four fill in the blank text field 2 cells that are all genetically different from each other. The economy of britannica produces three goods: computers, blu-rays, and pizza. the accompanying table shows the prices and output for the three goods in the years 2012, 2013, and 2014. computersblu-rayspizzas yearpricequantitypricequantitypricequantity 2012$90010$10100$152 20131,00010.512105162 20141,0501214110173 calculate the percentage change in production for all three goods from 2012 to 2013. round answers to two places after the decimal when applicable. The most important function of an astronomical telescope is to. 3(2x + 8) = 0 what is x which of the following do plants need for photosynthesis?