Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please answer question 3 in this picture Question 2 (3 points) Crocodile Inc. has developed their 2020 sales budget as follows: January: $100,000 February: $80,000

image text in transcribed

Please answer question 3 in this picture

Question 2 (3 points) Crocodile Inc. has developed their 2020 sales budget as follows: January: $100,000 February: $80,000 March: $75.000 The company's pattern of cash collection is 30% in the month of sale, 50% in the following month: 20% in the next month. Assuming this collection pattern will continue. what is Crocodile Inc's accounts receivable balance at the end of March? Question 3 (2 points) In 2019. HPL Limited has capital assets totaling $625000: average operating assets of $325.000 operating income of $125.000, and $750,000 in sales Calculate the return on investment Round to two decimals

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

Edi Audit And Control

Authors: I. Walden, A. Braganza

3rd Edition

1855542080, 978-1855542082

More Books

Students also viewed these Accounting questions

Question

3. What are two reasons for developing LANs?

Answered: 1 week ago

Question

25.0 m C B A 52.0 m 65.0 m

Answered: 1 week ago