Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

help please asap IMACC Corporation has the following sales budget for the last half of 2022: Historically, the cash collection of sales has been as

help please asap
image text in transcribed
image text in transcribed
image text in transcribed
IMACC Corporation has the following sales budget for the last half of 2022: Historically, the cash collection of sales has been as follows: 65 percent of sales collected in month of sale 25 percent of sales collected in month following sale 8 percent of sales collected in second month following sale 2 percent of sales are uncollectible. What are the expected total cash collections in October 2022? a. $88,200 b. $58.500 c. $99,500 d. $92,400 WorldCup 2022 offers two seat options for patrons at the Qatar stadiums and the following per unit information is obtained for each of these seat options: If the total fixed cost is $81,000, what is the breakeven in units? a. 600 units Seat A; 400 units Seat B b. 3,000 units Seat A;2,000 units Seat B c. 1,000 units Seat A;1,000 units Seat B d. 772 units Seat A:1.800 units Seat B MYZ Company currently sells 19,000 units. Total fixed costs are $84,000, selling price is $10 and variable cost per unit is $4.00 What is the margin of safety in units? d. 7,500 units b. 14,000 units ci. 5,000 units d. 3.000 unite

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

ISE Managerial Accounting

Authors: Stacey M. Whitecotton, Robert Libby, Fred Phillips

5th Edition

1265117896, 9781265117894

More Books

Students also viewed these Accounting questions

Question

2 What are the key barriers to implementing HRM?

Answered: 1 week ago

Question

1 What are three of the formative traditions in HRM?

Answered: 1 week ago