principles of finances

posted by .

according to my interpretation of the question in October they would collect:

the 10% of the August sales = .10($10,000)
the 20% of the Sept sales = .20($20,000)
and the 70% of the Oct sales = .70($30,000)

Do the arithmetic and add them up



A project has an inital outlay of 4,000. It has a single payoff at the end of year 4 of $6.996.46. What is the internal rate of return for the project (round to the nearest %)?

A company collects 70% of its sales during the month of the sale, 20% one month after the sale,and 10% two months after the sale. The companyexpects sales of $10,000 in August,$20,000 in September, $30,000 in October, and $40,000 in November. How much money is expected to be collected in October?

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. Merchandize inventory

    MJ Department Store expects to generate the following sales figures for the next three months: July August September Expected sales $476,000 $558,000 $604,000 MJ's gross profit rate is 44% of sales dollars. At the end of each month, …
  2. it

    Explain how you would create the users for the sales organization unit and how to set up work groups in this particular situation. Keep in mind that you may have to name certain applications and allowable tasks for each individual …
  3. accounting

    On October 31, a flood at Payne Company’s only warehouse caused severe damage to its entire inventory. Based on recent history, Payne has a gross profit of 25 percent of net sales. The following information is available from Payne’s …
  4. Accounting help

    I'm trying to make an income statement...for sales revenue out of this information what do I add up?
  5. Fin 324

    Using the following data, compute net sales sales discounts 50,000 Accounts receivable, ending 125,000 Gross Sales 2,500,000 Inventory, ending 200,000 sales returns and allowances 75,000
  6. managerial accounting

    Werntz furniture had actual sales for July and august and forecasted sales for September, October, November and December as follows: Actual: July………………………………………………………….$ 98,000 August……………………………………………………… …
  7. ACCOUNTING (Advance Sales)

    Hi: I am unsure of how to adjust Advance Sales. For Year End, DEC 31, 2011. If my Unadjusted Balance for advance sales is $324,000 and I am told the following: 75% of the balance in Advance Sales is for garments to be made and delivered …
  8. please check my grammar

    AN.15,2016 From: Genecito Jimenez Dear sir/madam, The JIMENEZ INTERNET CAFE has been operating the business started last Oct.15,2015. There are 14 computers for the clients and 1 computer for server with the total of 15 pc's. The total …
  9. accounting

    This table is used to calculate annual commissions and salaries for car salespeople. What would the total yearly earnings of a sales assistant be who has $90,000 in sales?
  10. percentages

    This table is used to calculate annual commissions and salaries for car salespeople. What would the total yearly earnings of a sales assistant be who has $90,000 in sales?

More Similar Questions