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The Walton Corporation forecasted sales from July to December in 2018 are as follows. 20% of sales are made on cash and remaining sales are made on credit terms 2/10, net 30.
June July August Sep. Oct. Nov. Dec.
$20,000 $30,000 $32,000 $28,000 $35,000 $40,000 $45,000
Question 1: Experience has shown that collection has been made within the month of sale, 30% and that are the discount sales; the collection following the month is 60% and the remaining collection is made in the 2nd month following the month of sale. Calculate total collections from August to December, 2018.
Calculate the amount of net income that Dak Company would report in its 2019 incomestatement after all the above transactions
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Leslie Blandings, division manager of Audiotech Inc., was debating the merits of a new product—a weather radio that would put out a warning if the county in which the listener lived were under a severe thunderstorm or tornado alert. Compute the ROI o..
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question 1on july 1 200x you enter into a note payable of 200000 with a 5 annual interest rate. your interest expense
A position expressed in financial literature is that firms set their dividends as a residual after using income to support new investments. Explain the meaning of a residual dividend policy and comment on the benefits/drawbacks for the company and th..
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