Questions
Schedule of Cash Collections of Accounts Receivable OfficeMart Inc. has "cash and carry" customers and credit...

Schedule of Cash Collections of Accounts Receivable OfficeMart Inc. has "cash and carry" customers and credit customers. OfficeMart estimates that 20% of monthly sales are to cash customers, while the remaining sales are to credit customers. Of the credit customers, 20% pay their accounts in the month of sale, while the remaining 80% pay their accounts in the month following the month of sale. Projected sales for the next three months are as follows: October $115,000 November 144,000 December 210,000 The Accounts Receivable balance on September 30 was $77,000. Prepare a schedule of cash collections from sales for October, November, and December. Round all calculations to the nearest whole dollar. OfficeMart Inc. Schedule of Cash Collections from Sales For the Three Months Ending December 31 October November December Receipts from cash sales: Cash sales $ $ $ September sales on account: Collected in October October sales on account: Collected in October Collected in November November sales on account: Collected in November Collected in December December sales on account: Collected in December Total cash receipts $ $ $

In: Accounting

What is “globalization” and how has it transformed the American economy? Describe what is meant by...

What is “globalization” and how has it transformed the American economy? Describe what is meant by deindustrialization and the emergence of the service economy. How has this transformation affected Americans and the relationship of the American nation to the rest of the world?

In: Economics

Hoshin Planning. This is the Japanese way of planning. It is quite different from the American...

Hoshin Planning.

This is the Japanese way of planning. It is quite different from the American way. What are some key differences in American vs Japanese planning? Discuss which may be more helpful in an organization.

In: Operations Management

Once England decided to create an overseas empire, it did so with impressive speed. Explain the...

Once England decided to create an overseas empire, it did so with impressive speed. Explain the motives behind English expansion to the North American continent to the North American continent, including the Great Migration.

In: Economics

Real American definition

1. How does Evans define a "real American"? What evidence does Evans provide that the "melting pot" is a failure?

2. What does Evan see as the true reason for the prejudice of "real" Americans against "aliens"?

3. What is your own definition of a "real" American?

4. Do you agree with Evans that immigrants never consider themselves American? What evidence could you provide to support your claim?

In: History

What role did American Antisemitism play in refusal of Americans to get involved in stopping the...

What role did American Antisemitism play in refusal of Americans to get involved in stopping the Holocaust? When, in your opinion, should the United States have entered World War II? Do you think there is any merit in the argument that FDR wanted an American foreign policy that would push Japan into attacking the U.S. Did he perhaps do this because he recognized the dangers of Hitler's conquests and was thwarted by the isolationism of the American public.

In: Economics

When the U.S. Government imposes a tariff on imports, 1. what happens to the price of...

When the U.S. Government imposes a tariff on imports,

1. what happens to the price of the imported good?

2. who pays the tariff?

3. who (which domestic businesses) gains from the tariff? How?

4. how can American jobs be saved as the result of imposing tariffs on American imports?

5. how can American jobs be lost as the result of retaliation?

Your opinion: What would be your preferred trade policies?

In: Economics

South Dakota v. Wayfair has been called the "tax case of the millennium." Explain why this...

South Dakota v. Wayfair has been called the "tax case of the millennium." Explain why this SCOTUS decision is so important for nexus purposes.

In: Accounting

Compared to Singapore, South Korea, Hong Kong and Malaysia, what are the advantages Australia has in...

Compared to Singapore, South Korea, Hong Kong and Malaysia, what are the advantages Australia has in promoting as an International Financial Centre (IFC)? Provide examples.

In: Finance

Compared to Singapore, South Korea, Hong Kong and Malaysia, what are the advantages Australia has in...

Compared to Singapore, South Korea, Hong Kong and Malaysia, what are the advantages Australia has in promoting as an International Financial Centre (IFC)? Provide examples.

In: Finance