A firm has actual sales in November of $1,000 and projected sales in December and January of $3,000 and $4,000, respectively
The firm makes 10 percent of its sales for cash, collects 40 percent of its sales one month following the sale, and collects the balance two months following the sale. The firm's total expected cash receipts in January is ________.
A) $700
B) $2,100
C) $1,900
D) $300
B
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A good times interest earned record would be indicated by a relatively high, stable coverage for the times interest earned coverage
Indicate whether the statement is true or false
After determining your purpose for the presentation, what is your next important step?
A) Conducting research B) Examining the room where the presentation will be made C) Preparing a multimedia presentation D) Analyzing the audience
Marty, a 16-year-old, contracts with Cream-of-the-Crop Cycles to buy an $8,000 motorcycle. Marty agrees to make monthly payments until the purchase price plus interest are paid in full. Which of the following is correct?
a. The contract is voidable by Marty. b. The contract is void as soon as it is made. c. The contract is voidable by Cream-of-the-Crop Cycles. d. The contract is voidable by either Marty or Cream-of-the-Crop Cycles.
Gwen deposits $5,000 with Home State Bank on July 1, 2016. Home State Bank promises to repay Gwen the $5,000 plus 3 percent annual interest on July 1, 2021. Home State Bank issued to Gwen A) acertificate of deposit
B) a check. C) anonnegotiable instrument. D) a trade acceptance.