A company reported the following information:
Accounts receivable, December 31, 2020$122,000
Accounts receivable, December 31, 2019113,000
Sales (all on credit) for 2020850,000
How much cash was collected from customers during 2020?
A. $972,000
B. $841,000
C. $859,000
D. $963,000
Answer: B
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XYZ Company expects to sell 37,000 units of its product in the coming year. Each unit sells for $45 . Sales brochures and supplies for the year are expected to cost $7,000 . Three sales representatives cover the Southeast region. Each one's base salary is $25,000, and each earns a sales commission of 5 percent of the selling price of the units he or she sells. The sales representatives supply
their own transportation; they are reimbursed for travel at a rate of $0.40 per mile. The company estimates that the sales representatives will drive a total of 75,000 miles next year. From the information provided, calculate XYZ Company's budgeted selling expenses for the coming year. a. $195,250 b. $145,250 c. $120,250 d. $83,250
Slashes can mean many things, including __________________
a. without b. reference to follow c. or d. where
When selecting individuals for a team, it is ok to select mediocre workers as long as they have the skills that you need.
Answer the following statement true (T) or false (F)
Assume that real risk-free rate (r*) = 1.0%; the maturity risk premium is found as MRP = 0.2%×(t - 1) where t = years to maturity; the default risk premium for AT&T bonds is found as DRP = 0.07%×(t - 1); the liquidity premium is 0.50% for AT&T bonds but zero for Treasury bonds; and inflation is expected to be 7%, 6%, and 5% during the next three years and then 4% thereafter. What is the difference in interest rates between 10-year AT&T bonds and 10-year Treasury bonds??
A. ?0.25% B. ?0.50% C. ?0.63% D. ?1.00% E. ?1.13%