1. Sales were $4,500 in June 2016; $4,750 in July 2016; and $5,000 in August 2016. If cash sales are 50% of current-month sales, 30% of lagged one-month sales, and 20% of lagged two-month sales, what were cash sales in August 2016?
A. $5,000
B. $4,825
C. $4,750
D. $4,625
Particulars | June | Jul | Aug |
Sales | $ 4,500.00 | $ 4,750.00 | $ 5,000.00 |
50% of Current Sales | $ 2,250.00 | $ 2,375.00 | $ 2,500.00 |
30% lagged One Month | $ 1,350.00 | $ 1,425.00 | |
20% lagged Two Month | $ 900.00 | ||
Cash Sales | $ 2,250.00 | $ 3,725.00 | $ 4,825.00 |
Option B is COrrect.
1. Sales were $4,500 in June 2016; $4,750 in July 2016; and $5,000 in August 2016....
June sales were $30,000, while projected sales for July and August were $52,000 and $74,000, respectively. Sales are 60% cash and 40% credit. All credit sales are collected in the month following the sale. Calculate expected collections for July. O A. $12,000 O B. $38,800 O C. $31,200 OD. $43,200
June sales were $9.000 while projected sales for July and August were $6.200 and $4,000, respectively. Sales are 25% cash and 75% credit. All credit sales are collected in the month following the sale. What are the total expected collections for July? O A $9,300 O B. $4,550 OC. $8,300 OD. $6.900
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The budgeted sales for Worchester Manufacturing are shown below: May.......................$5,000 June......................$8,000 July........................$6,000 August.................. $4,000 September.............$9,000 From past experience, the company has collected 30% of the cash in the month of the sale, 40% in the month after the sale, and 30% two months after the sale occurred. Prepare a schedule of expected cash collections from sales, by month and in total for the third quarter of the year.
Bengal Co. provides the following sales forecast for the next three months: July 5,000 August 5,700 September 5,650 Sales units The company wants to end each month with ending finished goods inventory equal to 20% of the next month's sales. Finished goods inventory on June 30 is 1,250 units. The budgeted production units for August are: Select one: A. 5,665 units. O B. 4,310 units. C. 5,690 units. O D. 6,950 units. E. 4,135 units.
answer with clear steps
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