The Litzenberger Company has projected the following quarterly sales amounts for the coming year: Q1 Q2 Q3 Q4 Sales $ 660 $ 690 $ 770 $ 840 a. Accounts receivable at the beginning of the year are $280. The company has a 45-day collection period. Calculate cash collections in each of the four quarters by completing the following

Answers

Answer 1

The calculation of The Litzenberger Company's Cash Collections in the quarters and the completion of the table are as follows:

                                              Q1           Q2         Q3           Q4

Beginning Receivables     $280       $330     $345        $385

Sales                                    660          690       770          840

Cash collections                 610          675       730         805

Ending Receivables         $33 0        $345    $385       $420

Data and Calculations:

                                   Q1           Q2        Q3           Q4

Sales                      $ 660      $ 690    $ 770     $ 840

Cash Collections period = 45 days

Cash collections in each quarter = Quarter Sales x 45/90 + Previous Quarter's balance

=

Quarter 1 = $610 ($660 x 45/90 + $280)

Quarter 2 = $675 ($690 x 45/90 + $330)

Quarter 3 = $730 ($770 x 45/90 + $345)

Quarter 4 = $805 ($840 x 45/90 + $385)

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Related Questions

2. What are some reasons the seller was willing to sell the product at this price?​

Answers

To get it out of His hands

Explanation:

Just tired and ready to let it go

Charles is worried about plagiarism in a report he is writing for his manager. He needs to paraphrase several passages in the report. What advice would you give him

Answers

Answer: Write your own version by carefully changing three or four words from the original.

Explanation:

What additional steps could Fowler have taken such that Management and HR would have taken her accusations seriously

Answers

Considering the legal principles, the additional steps Fowler could have taken such that Management and HR would have taken her accusations seriously is by "adding credible evidence."

This is because accusations with credible evidence give the accusation additional facts or information, which enhances the accusation proposition to be accepted as true or valid.

Accusation can be speculative or false. However, for accusation to be accepted as accurate or valid, it must be presented with evidence.

Therefore, for Fowler's accusations to be taken seriously, she must present evidence.

Hence, in this case, it is concluded that the correct answer is "addition of credible evidence."

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land is a factor of production that provides a place to do business. Which of the following could be an example of land
a.)machine b.) employee c.) website

Answers

Answer:

B.

Explanation:

Yw!!!!!!!!!!!!!!!!!!!

what is reaction search international?

A. a recruiter website
B. a referral
C. a social media website
D. a virtual job fair​

Answers

Answer:

C

Explanation:

.What is the term for "The body of laws, rules, regulations and customs that applied to the relations between the members of society" Statute Religious rules Order​

Answers

Answer:order

Explanation:

The contract is only valid if it is agreed on in written form. 

A. True
B. False

Answers

Answer:

falsw

Explanation:

The answer is false

Required informationSkip to questionIntroductionRead the overview below and complete the activities that follow.
Remedies for Breach of Contract
In the case below, a municipality backs out of a contract to have a bridge built. The contractor has already begun production and incurred costs.
CONCEPT REVIEW:
The overall goal of damages in breach of contract suits is to put the parties where they should have been if the contract had been performed. But the solution simply ordering the parties to perform is rarely enough. Damages vary greatly based on the nature of the contract itself, as well as the extent to which performance is underway.
Remedies
Read the short case below, and select the best answer to each question that follows.
The Randolph Bridge Company (RBC) agrees to build a suspension bridge in the city of Detroit. Detroit plans to pay RBC $50 million. RBC's anticipated costs, including labor, materials and so on, are $40 million. Construction is anticipated to take six months. One month into the project, RBC has put $10 million into the project. Detroit tells RBC at this point that it no longer wants the bridge, and plans to breach the contract.
How much will RBC's damages be?
a) $50 million
b) $0
c) $20 million
d) $10 million
e) $40 million

Answers

Answer:

Please given an Explanation:

The damages that will be faced by the Randolph Bridge Company if Detroit plans to breach the contract will be close to around $10 million at the point of one month.

What is breach of contract?

A breach of contract is a condition wherein a party to the contract violates the terms of agreement as per the documents signed during the contract. A breach of contract makes such person, who breaches, liable to be sued.

In the above case, it has been observed that the city of Detroit has made promises to pay for the project at the end of completion of the project of building the bridge; however, no payments have been made at the end of one month, where RBC Company has already deployed an amount of $10 million.

As the RBC Company has not received any of the payments and a breach of contract has been made by the Detroit city, the total damages for the company at such point will be $10 million, considering that no loans or advances were taken to repay the same.

Hence, option D; $10 million are the damages suffered and incurred upon by the RBC at the end of one month when Detroit has made a breach of contract agreements.

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.................lol

Answers

Answer:

AND SHE SAID , SHE SAID , SHE SAID SHE'S FROM HAWAII, DO YOU KNOW HOW TO SPEAK CUTE IN JAPAN? KAWAII!

Maxwell Manufacturing issued $430,000, 12-year, 8% bonds at 105.75. What is the total amount of interest expense that will be recorded over the life of these bonds

Answers

The total amount of interest expense that Maxwell Manufacturing will record over the life of the bonds is $388,075 ($412,800 - $24,725).

Data and Calculations:

Bonds' Face Value = $430,000

Maturity period = 12 years

Coupon Interest Rate = 8%

Issuance rate =105.75

Bonds Proceeds = $454,725 ($430,000 x 1.0575)

Bonds Premium (to be amortized over 12 years) = $24,725 ($454,725 - $430,000)

Annual cash payments to bondholders = $34,400 ($430,000 x 8%)

Total cash payments to bondholders = $412,800 ($34,400 x 12)

Thus, Maxwell Manufacturing will record the total amount of interest expense of $388,075 over the life of the bonds.

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Any part of a machine which————
while in operation can cause a hazard.
O a) Stops
b) Starts
c) Moves
d) Adjusts

Answers

c) Moves
You’re welcome! :)

A stock just paid a dividend of $4.97 and is expected to maintain a constant dividend growth rate of 4.3 percent indefinitely. If the current stock price is $67, what is the required return on the stock

Answers

Answer:

68

Explanation:

What is the multiplier when the change in equilibrium level of real GDP in the aggregate expenditures model is 9, and change in autonomous aggregate expenditures is 3?

Answers

When the change in equilibrium level of real GDP equals 9 and change in autonomous aggregate expenditures equals 3, then, the multiplier will be 3.

Multiplier helps to measures how much a changes is in response to a change in other variable.

Given Information

Change in equilibrium level of GDP = 9

Change in autonomous expenditure = 3

The formula to be deployed is Multiplier = {Change in equilibrium level of GDP / Change in autonomous expenditure}

Multiplier = (9 /3)

Multiplier = 3.

Therefore, when the change in equilibrium level of real GDP in the aggregate expenditures model is 9 and the change in autonomous aggregate expenditures is 3, then, the multiplier will be 3.

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Which of the following term is used to name a State Organ? Executive United Nations Council​

Answers

Considering the available options, the term used to name a State Organ is "Executive."

This is because there are three organs of the government, whether state, federal or local.

Each of the three organs is the following:

Legislature,Executive,Judiciary.

Each of the organs serves or performs different functions. State Executive enforces laws made by the Legislature, while the Judiciary interprets laws.

Hence, in this case, it is concluded that the correct answer is "Executive."

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Government deficits tend to increase during A. periods of increased financial uncertainty. B. recessions and booms. C. periods of below or aboveaverage growth. D. periods of war and recession.

Answers

Government deficits tend to increase during periods of war and recessions. The answer to this question is option D.

Government deficit is said to take place when a government's expenditure exceeds the revenue that it gets from taxes and other revenue generators.

During periods or recession in an economy, the revenue that is being generated in the nation would fall while expenditures would go up. This would ultimately lead to a deficit.

Also during the period of war, there are serious economic implications because of the decline in the economy and the rise in debt.

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Which legal rule ranks highest in the hierarchy of norms?
A) International Agreement
B) Statute
C) Constitution​

Answers

Answer:

statute

Explanation:

Statutes are enacted by the legislative branch of government, and govern a wide range of

issues that require regulation in a modern, democratic state – including elections.

Must adhere to the constitution and international law.

i hope this helps

Historically, demand has averaged 40 units with a standard deviation of 20. The company currently has 79 units in stock. What is the Service Level

Answers

The company with 79 units in stock have a Service Level of 97

The z score is used to determine by how many standard deviations the raw score is above or below the mean. The z score is given by:

[tex]z=\frac{x-\mu}{\sigma} ;\\\\where\ x=raw\ score, \mu=mean,\sigma=standard\ deviation[/tex]

Given that: μ = 40, σ = 20, hence for x = 79:

[tex]z=\frac{79-40}{20} =1.95[/tex]

From the normal distribution table, P(z < 79)  = P(z < 1.95) = 97.44%

Hence the company with 79 units in stock have a Service Level of 97

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Choose the answer that best addresses the question posed. Negotiators can succeed if they can predict when and how their adversary might deviate from a rational pattern during negotiations. Imagine you are the vendor for a major company. The company wants a discount and is threatening to go to a competing firm. You emphasize that it would be a shame, since the company already invested millions with your firm. Which cognitive bias are you using

Answers

The cognitive bias that is being used here is what is referred to as the escalation of commitment.

The escalation of commitment happens when a firm despite the fact that they are losing money by following a particular line of action still continue to dedicate their resources, efforts and time to the venture.

Here it is very obvious what the company wants and even though they are not getting it, you still remind them it would be a shame because of the investments that they already have with you.

This shows that you still want them to invest even if things are not going their way.

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What was the Dam Blue Stuff?

Answers

Answer:

Water?

Explanation:


Think about the following situation and tell me what
things could possibly go wrong. Please provide at
least 2 possibilities.
A job interview

Answers

If you lie about your age then show him your real age. Also if you forget your id or social security number that’s shows that your not ready at all times for the job

Ted Paulson needed money to pay for unexpected medical bills. To obtain $12,300, he decided to sell some of his shares in the
Ridgemoor Capital Appreciation Fund. When he called the investment company, he was told that the following fees would be charged
to sell his B shares:
Ridgemoor Capital Appreciation Fund Fees
First year
6 percent withdrawal fee
Second year
5 percent withdrawal fee
Third year
4 percent withdrawal fee
Fourth year
3 percent withdrawal fee
Fifth year
2 percent withdrawal fee
If he has owned the fund for 5 months and withdraws $12,300 to pay medical bills, what is the amount of the contingent deferred sales
load?
Amount of the contingent deferred sales load

Answers

Answer:

61500

Explanation:

I multiplied 12300 by 5 and got 61500 for the total for 5 month

Dratif Corporation's working capital is $33,000 and its current liabilities are $80,000. The corporation's current ratio is closest to:

Answers

The corporation's current ratio is closest to 3.42

Current ratio is computed as ;

= (Working capital + Current liabilities) / Current liabilities

=   (33,000 + 80,000) / 33,000

= 113,000 / 33,000

= 3.42

Hence, given that Dratif Corporation's working capital is $33,000 and its current liabilities are $80,000 , its current ratio would be closest to 3.42

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Which of the following is the BEST example of a consumer product?
O a case of toothbrushes sold to a dentist
Opeanuts to be sold by a vendor at a football game
Oa car bought by a real estate agency for its salespeople to use
O a textbook purchased by a student taking this class

Answers

The BEST example of a consumer product is: a textbook purchased by a student taking this class.

Consumer product can be defined as  product that are bought or purchased by an individual or  consumer for their own use.

"A textbook purchased by a student taking this class" is the best example of consumer product reason being the student specifically purchased the text book for his or her own personal use.

Example of consumer product is purchasing a shoe for your own use. Hence, based on the information given the student is the final user of the textbook.

Inconclusion the BEST example of a consumer product is: a textbook purchased by a student taking this class.

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How to become a firefighter. I want to become one.

Answers

Answer:

-valid driver's license

- 18 years old or more (for  younger than 18 you can look into limited involvement as a junior firefighter.)

- At least a high school diploma or GED.

- pass the physical ability test.

- Pass the written exam

- pass the interview

-You’ll still need to attend a department’s academy once hired

(may be differnt depending on your state, country, etc)

<3

Short-run macroeconomic equilibrium is when (Hint: Be careful! Be sure to return to the general definition of equilibrium):
Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer.
a. Firms have no incentive to change how much they produce
b. Households have bought as much as they want
c. The government is content with the level of employment
d. Spending is equal to consumption (AE = C)

Answers

Answer:

Firms have no incentive to change how much they produce.

Explanation:

Short-run macroeconomic equilibrium is when spending is equal to consumption (AE = C). Thus, option (d) is correct.

When the real GDP supply and demand are equal, there is a short-run macroeconomic equilibrium. When the aggregate supply and demand curves in the short term meet, there is a short-run equilibrium.

On a graph, this occurs at the precise location on the long-run aggregate supply (LRAS) curve where the collective demand (AD) curve crosses the short-run average supplier (AS) curve.

Therefore, option (d) is correct.

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#SPJ2

Mobile task management technology is useful in Multiple Choice viral marketing programs. buy-online-and-pick-up-in-store purchases. direct marketing channels. franchises. direct store deliveries.

Answers

There are several forms of marketing channels. Mobile task management technology is useful in buy-online-and-pick-up-in-store purchases.

Mobile Task Manager (MTM) is known as a good rated customizable app that allows people to manage service request / work order.

Marketing channel management  is also known as supply chain management that uses different kinds of  approaches and techniques firms employ to efficiently and effectively integrate their suppliers.

Task management is simply known as the method of monitoring your project's tasks through their different stages from start to finish.

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The common stock of Royal Ranch House is selling for $18.11. The firm pays dividends that are expected to grow at a rate of 5.30% indefinitely. Your investment horizon is 5 years. What do you estimate the price of Royal Ranch House stock will be at that time

Answers

The estimate of the price of Royal Ranch House stock at the end of the fifth year will be $23.45.

Current price of the common stock = $18.11Growth rate = 5.30%Time = 5 years.

Therefore, the estimate the price of Royal Ranch House stock by the fifth year will be:

= Current price × (1 + 5.30%)⁵

= $18.11 × (1 + 0.053)⁵

= $23.45

Therefore, the correct option is $23.45.

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Swimmers Co. operates a set of water parks with leisure facilities for families in Aqualandia. During January 20X1, Swimmers acquired a boat for organizing boat trips across the river Aquatica. Boat trip business went very well since then, however, competitor Royal Cruises decided to spread its business to the same location. At the end of 20X3, Swimmers Co. estimated that revenues from boat trips will go down by 12% as a result of new competitor. Managers adjusted projection of cash flows from boat during its remaining useful life of 7 years based on most recent budgets, all available supporting information and economic conditions surrounding boat business. These projections are justifiable for 5 years. Cash flows for years beyond 20X8 represent management's best estimate (refer to table below). Managers believe that at the end of boat's useful life, boat will be sold for 20 000 EUR (not included in cash flow projections below). According to management, appropriate pre-tax discount rate reflecting risks associated with boat but excluding inflation is 5% p.a. Cash flow projections are inflated by assumed inflation rate of 2% p.a.
Required: Calculate boat's value in use

Answers

The Swimmers Co.'s Boat's value in use (net present value) is Eur 321,221.

Data and Calculations:

Pre-tax discount rate = 5% p.a., excluding inflation

Inflation rate = 2% p.a.

Inflated discount rate = 7% (5% + 2%)

Salvage value = Eur 20,000

Projected cash inflows:

Year           Cash Inflows    Discount Factor     Discounted Cash flows

20X4         Eur 72,000              0.935                     $67,320

20X5        Eur 69,000               0.873                      60,237

20X6        Eur 64,000               0.816                      52,224

20X7        Eur 59,000               0.763                      45,017

20X8       Eur 52,000               0.666                      34,632

20X9       Eur 45,000               0.623                      28,035

20X10     Eur 38,000               0.582                        22,116

20X10     Eur 20,000              0.582                         11,640

Total discounted cash flows                         Eur 321,221

Thus, the Swimmers Co. will calculate the boat's value in use as Eur 321,221, taking into account all the discounted cash inflows.

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Mr. and Mrs. Philips recognized the following capital gains and losses this year. Short-term capital gain $ 10,000 Short-term capital loss $ (4,000) Long-term capital gain $ 45,000 Long-term capital loss $ (60,000) Their AGI before consideration of these gains and losses was $140,000. Compute their AGI.

Answers

Based on the information given Mr. and Mrs. Philip AGI is $137,000.

First step is to calculate the net capital gain or loss

Net capital gain or Loss=$10,000 -$4,000 + $45,000 - $60,000

Net capital gain or loss= ($9,000)

Second step is to calculate the adjusted gross income

Based on the above calculation  Mr. and Mrs. Philips has net capital loss of $9,000 which means that they will only can to take up to 3,000 per year.

Hence:

Adjusted gross income(AGI)=$140,000-$3,000

Adjusted gross income(AGI)=$137,000

Inconclusion Mr. and Mrs. Philip AGI is $137,000.

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Gordon Chemicals Company acquires a delivery truck at a cost of $31,000 on January 1, 2022. The truck is expected to have a salvage value of $4,000 at the end of its 4-year useful life. Assuming the declining-balance depreciation rate is double the straight-line rate, compute annual depreciation for the first and second years under the declining-balance method.
Year 1: 15.500
Year 2: ?

Answers

Answer:

15,500 and 7,750

Explanation:

The annual depreciation for year 1 and year 2 under the declining-balance method is 15,500 and 7,750 respectively.


How do you compute the Annual depreciation rate under the declining-balance method?

[tex]\text{Rate}= (31,000-4000)\\=29,000 \\\text{Rate}=29,000/4\\=7,250\\\text{Rate}=7,250/29,000\\=0.25\\ \text{Rate}=0.25 \text{ x }2\\= 50 \text{percent or} 0.50\\\text{Year 1} = 31,000 \text{ x }0.50\\\text{Year 1} =$15,500\\\text{Year 2} = (31,000 - $15,500)*0.50\\\text{Year 2} =$ 7,750[/tex]

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