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Ruiz Co's budget includes the following credit sales for the current year: September, $145,000; October,...

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Accounting

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Ruiz Co's budget includes the following credit sales for the current year: September, $145,000; October, $136,000: November, $120,000: December, $157,000 Credit sales are collected as follows: 15% in the month of sale, 50% in the first month after sale, and 35% in the second month after sale. How much cash can the company expect to collect in December as a result of current and past credit sales? $23,550 $107,600 $83.550 $157,000 $131.150 Shale Remodeling uses time and materials pricing. It is setting prices for next year using the following information: Labor rate, including fringe benefits Annual labor hours Annual materials purchases Materials purchasing, handling, and storage Overhead for depreciation, taxes, insurance, etc. Target profit margin for both labor and materials $ 75 per hour 6, 350 hours $1,206, 250 $ 241, 250 $ 666, 750 25 % What should Shale set as rate per hour of labor hour

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