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3. Ellis Sport Emporium projects the following sales: April $75,000 May June...
Really 25 Points Ellis Sport Shop projects the following sales: April May June...
Really 25 Points Ellis Sport Shop projects the following sales: April May June $ 65,000 $ 71,000 $ 89,000 66 percent of Ellis' sales are on credit with 77 percent of receivables collected in the month after the sale and the rest of receivables collected in the second month after the sale. February sales were $45,000 and March sales were $56,000. In the past Ellis' bad debt percentage has been 0 and is expected to continue. Prepare a monthly schedule...
question 4 please. i dont know what they mean by construct a matrix so please help. 4. King, Inc. a successful Midw...
question 4 please.
i dont know what they mean by construct a matrix so please
help.
4. King, Inc. a successful Midwest firm, is considering opening a branch office on the West Coast. Under normal economic conditions, with a 45% probability of occurring. King can expect to earn a net income of $70,000 per year. In a mini-recession, at 25% probability, King will earn $20,000. In a severe recession, at a 20% probability, King will lose $15,000. There is also...
Ellis Electronics Company's actual sales and purchases for April and May are shown here, along with...
Ellis Electronics Company's actual sales and purchases for April and May are shown here, along with forecasted sales and purchases for June through September. April (actual) May (actual) June (forecast) July (forecast) August (forecast) September (forecast) Sales $370,000 350,000 325,000 325,000 340,000 380,000 Purchases $135,000 125,000 125,000 185,000 205,000 175,000 The company makes 20 percent of its sales for cash and 80 percent on credit. Of the credit sales, 50 percent are collected in the month after the sale and...
The following information is from Tejas WindowTint's financial records. Month April May June July Sales $...
The following information is from Tejas WindowTint's financial records. Month April May June July Sales $ 79,000 70,000 64,000 73,000 Purchases $55,000 45,000 33,000 51,000 Collections from customers are normally 67 percent in the month of sale, 19 percent in the month following the sale, and 13 percent in the second month following the sale. The balance is expected to be uncollectible. All purchases are on account. Management takes full advantage of the 4 percent discount allowed on purchases paid...
The following information is from Tejas WindowTint's financial records. Month April May June July Sales $ 79,000 76,000...
The following information is from Tejas WindowTint's financial records. Month April May June July Sales $ 79,000 76,000 74,000 82,000 Purchases $ 46,000 43,000 31,000 49,000 Collections from customers are normally 69 percent in the month of sale, 18 percent in the month following the sale, and 11 percent in the second month following the sale. The balance is expected to be uncollectible. All purchases are on account. Management takes full advantage of the 3 percent discount allowed on purchases...
The following information is from Tejas WindowTint's financial records. Month April May June July Sales $77,000...
The following information is from Tejas WindowTint's financial records. Month April May June July Sales $77,000 72,000 61,000 73,000 Purchases $60,000 58,000 46,000 64,000 Collections from customers are normally 68 percent in the month of sale, 16 percent in the month following the sale, and 15 percent in the second month following the sale. The balance is expected to be uncollectible. All purchases are on account. Management takes full advantage of the 1 percent discount allowed on purchases paid for...
Croy Inc. has the following projected sales for the next five months: Month April May Sales in Units 3,560 3...
Croy Inc. has the following projected sales for the next five months: Month April May Sales in Units 3,560 3,920 4,560 4,140 3,940 June July August Croy's finished goods Inventory policy is to have 50 percent of the next month's sales on hand at the end of each month. Direct materials costs $3.10 per pound, and each unit requires 2 pounds. Direct materials inventory policy is to have 50 percent of the ne month's production needs on hand at the...
The following information is from Tejas WindowTint's financial records. Month April May June July Sales $77,000...
The following information is from Tejas WindowTint's financial records. Month April May June July Sales $77,000 75,000 74,000 78,000 Purchases $ 42,000 59,000 47,000 65,000 Collections from customers are normally 69 percent in the month of sale, 19 percent in the month following the sale, and 10 percent in the second month following the sale. The balance is expected to be uncollectible. All purchases are on account. Management takes full advantage of the 4 percent discount allowed on purchases paid...
The following information is from Tejas WindowTint's financial records. Month April May June July Sales $82,000...
The following information is from Tejas WindowTint's financial records. Month April May June July Sales $82,000 71,000 74,000 75,000 Purchases $50,000 52,000 40,000 58,000 Collections from customers are normally 67 percent in the month of sale, 18 percent in the month following the sale, and 14 percent in the second month following the sale. The balance is expected to be uncollectible. All purchases are on account. Management takes full advantage of the 3 percent discount allowed on purchases paid for...
Esquire Products Inc. expects the following monthly sales: January February March April May June $ 38,000...
Esquire Products Inc. expects the following monthly sales: January February March April May June $ 38,000 July 29,000 August 22,000 September 24,000 October 18.ee November 16,eee December Total sales = $384,cee $ 32,000 36,000 39,000 44,000 52,00 34, eee Cash sales are 40 percent in a given month, with the remainder going into accounts receivable. All receivables are collected in the month following the sale. Esquire sells all of its goods for $2 each and produces them for $1 each....
question 4 please.
i dont know what they mean by construct a matrix so please
help.
4. King, Inc. a successful Midwest firm, is considering opening a branch office on the West Coast. Under normal economic conditions, with a 45% probability of occurring. King can expect to earn a net income of $70,000 per year. In a mini-recession, at 25% probability, King will earn $20,000. In a severe recession, at a 20% probability, King will lose $15,000. There is also...
Ellis Electronics Company's actual sales and purchases for April and May are shown here, along with forecasted sales and purchases for June through September. April (actual) May (actual) June (forecast) July (forecast) August (forecast) September (forecast) Sales $370,000 350,000 325,000 325,000 340,000 380,000 Purchases $135,000 125,000 125,000 185,000 205,000 175,000 The company makes 20 percent of its sales for cash and 80 percent on credit. Of the credit sales, 50 percent are collected in the month after the sale and...
The following information is from Tejas WindowTint's financial records. Month April May June July Sales $ 79,000 70,000 64,000 73,000 Purchases $55,000 45,000 33,000 51,000 Collections from customers are normally 67 percent in the month of sale, 19 percent in the month following the sale, and 13 percent in the second month following the sale. The balance is expected to be uncollectible. All purchases are on account. Management takes full advantage of the 4 percent discount allowed on purchases paid...
The following information is from Tejas WindowTint's financial records. Month April May June July Sales $ 79,000 76,000 74,000 82,000 Purchases $ 46,000 43,000 31,000 49,000 Collections from customers are normally 69 percent in the month of sale, 18 percent in the month following the sale, and 11 percent in the second month following the sale. The balance is expected to be uncollectible. All purchases are on account. Management takes full advantage of the 3 percent discount allowed on purchases...
The following information is from Tejas WindowTint's financial records. Month April May June July Sales $77,000 72,000 61,000 73,000 Purchases $60,000 58,000 46,000 64,000 Collections from customers are normally 68 percent in the month of sale, 16 percent in the month following the sale, and 15 percent in the second month following the sale. The balance is expected to be uncollectible. All purchases are on account. Management takes full advantage of the 1 percent discount allowed on purchases paid for...
Croy Inc. has the following projected sales for the next five months: Month April May Sales in Units 3,560 3,920 4,560 4,140 3,940 June July August Croy's finished goods Inventory policy is to have 50 percent of the next month's sales on hand at the end of each month. Direct materials costs $3.10 per pound, and each unit requires 2 pounds. Direct materials inventory policy is to have 50 percent of the ne month's production needs on hand at the...
The following information is from Tejas WindowTint's financial records. Month April May June July Sales $77,000 75,000 74,000 78,000 Purchases $ 42,000 59,000 47,000 65,000 Collections from customers are normally 69 percent in the month of sale, 19 percent in the month following the sale, and 10 percent in the second month following the sale. The balance is expected to be uncollectible. All purchases are on account. Management takes full advantage of the 4 percent discount allowed on purchases paid...
The following information is from Tejas WindowTint's financial records. Month April May June July Sales $82,000 71,000 74,000 75,000 Purchases $50,000 52,000 40,000 58,000 Collections from customers are normally 67 percent in the month of sale, 18 percent in the month following the sale, and 14 percent in the second month following the sale. The balance is expected to be uncollectible. All purchases are on account. Management takes full advantage of the 3 percent discount allowed on purchases paid for...
Esquire Products Inc. expects the following monthly sales: January February March April May June $ 38,000 July 29,000 August 22,000 September 24,000 October 18.ee November 16,eee December Total sales = $384,cee $ 32,000 36,000 39,000 44,000 52,00 34, eee Cash sales are 40 percent in a given month, with the remainder going into accounts receivable. All receivables are collected in the month following the sale. Esquire sells all of its goods for $2 each and produces them for $1 each....
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