A) Need help with this chart
B) Find March credit sales, collection of March sales in
April
Homework Answers
| Requirement 1 | ||||||||||
| Jan | Feb | March | total | |||||||
| Total sales | 12,600 | 10,200 | 11,100 | 33,900 | ||||||
| Jan | Feb | March | total | |||||||
| Cash Receipts from Customers: | ||||||||||
| Account receivable balance,January 1 | 0 | 0 | ||||||||
| January- Cash sales | 8820 | 8820 | ||||||||
| January-Credit sales ,collection of January sales in Jan | 1890 | 1890 | ||||||||
| January-Credit sales ,collection of January sales in Feb | 1890 | 1890 | ||||||||
| February-Cash sales | 7140 | 7140 | ||||||||
| Febuary-Credit sales ,collection of Febuary sales in Feb | 1530 | 1530 | ||||||||
| Febuary-Credit sales ,collection of Febuary sales in March | 1530 | 1530 | ||||||||
| March-Cash sales | 7770 | 7770 | ||||||||
| March-Credit sales,collection of March sales in March | 1665 | 1665 | ||||||||
| Total cash receipts from customers | 12600 | 10200 | 9435 | 32235 | ||||||
| March -Credit sales ,collection of March Sales in april | 1665 | |||||||||
| Requirement 2 | ||||||||||
| Jan | Feb | March | total | |||||||
| Total sales | 12,600 | 10,200 | 11,100 | 33,900 | ||||||
| Jan | Feb | March | total | |||||||
| Cash Receipts from Customers: | ||||||||||
| Account receivable balance,January 1 | 0 | 0 | ||||||||
| January- Cash sales | 8820 | 8820 | ||||||||
| January-Credit sales ,collection of January sales in Jan | 2268 | 2268 | ||||||||
| January-Credit sales ,collection of January sales in Feb | 1134 | 1134 | ||||||||
| January-Credit sales ,collection of January sales in march | 378 | |||||||||
| February-Cash sales | 7140 | 7140 | ||||||||
| Febuary-Credit sales ,collection of Febuary sales in Feb | 1836 | 1836 | ||||||||
| Febuary-Credit sales ,collection of Febuary sales in March | 918 | 918 | ||||||||
| March-Cash sales | 7770 | 7770 | ||||||||
| March-Credit sales,collection of March sales in March | 1998 | 1998 | ||||||||
| Total cash receipts from customers | 12600 | 9894 | 9768 | 32262 | ||||||
| March -Credit sales ,collection of March Sales in april | 1638 | |||||||||
Add Answer to:
A) Need help with this chart
B) Find March credit sales, collection of March sales in...
Martin Company projects the following sales for the first three months of the year: $14,300 in...
Martin Company projects the following sales for the first three months of the year: $14,300 in January: $11,300 in February; and $15,800 in March. The company expects 80% of the sales to be cash and the remainder on account. Sales on account are collected 50% in the month of the sale and 50% in the following month. The Accounts Receivable account has a zero balance on January 1. Round to the nearest dollar. Read the requirements Requirement 1. Prepare a...
E22-26 (similar to) Question Help o Marlin Company projects the following sales for the first three...
E22-26 (similar to) Question Help o Marlin Company projects the following sales for the first three months of the year: $12,600 in January: $10,100 in February; and $16,300 in March. The company expects 80% of the sales to be cash and the remainder on account. Sales on account are collected 50% in the month of the sale and 50% in the following month. The Accounts Receivable account has a zero balance on January 1. Round to the nearest dollar. Read...
Help with requirement 2 please? Graham Company projects the following sales for the first three months...
Help with requirement 2 please?
Graham Company projects the following sales for the first three
months of the year: $ 10,800 in January; $ 11,600 in February;
and $ 16,300 in March. The company expects 60% of the sales to be
cash and the remainder on account. Sales on account are collected
50% in the month of the sale and 50% in the following month. The
Accounts Receivable account has a zero balance on January 1. Round
to the nearest...
Jayson Company projects the following sales for the first three months of the year: 512,600 in...
Jayson Company projects the following sales for the first three months of the year: 512,600 in January, 512,200 in February, and $11,100 in March. The company expects 60% of the sales to be cash and the remainder on account. Sales on account are collected 50% in the month of the sale and 50% in the following month. The Accounts Receivable account has a zero balance on January 1. Round to the nearest dollar. Read the requirements Requirement 1. Prepare a...
Jayson Company projects the following sales for the first three months of the year: $11.200 in...
Jayson Company projects the following sales for the first three months of the year: $11.200 in January: $10,200 in February; and $13,400 in March. The company expects 60% of the sales to be cash and the remainder on account. Sales on account are collecled 50% in the month of the sale and 50% in the following month. The Accounts Receivable account has a zero balance on January 1. Round to the nearest dollar. Read the requirements Requirement 1. Prepare a...
Elwood Company projects the following sales for the first three months of the year: $12,400 in...
Elwood Company projects the following sales for the first three months of the year: $12,400 in January; $10,200 in February; and $10,500 in March. The company expects 70% of the sales to be cash and the remainder on account. Sales on account are collected 50% in the month of the sale and 50% in the following month. The Accounts Receivable account has a zero balance on January 1. Round to the nearest dollar. Read the requirements. Requirement 1. Prepare a...
Requirement 2. Prepare a revised schedule of cash receipts from sales in account are 60% in...
Requirement 2. Prepare a revised schedule of cash receipts
from sales in account are 60% in the month of the sale, 30% in the
month following the sale, and 10% in the second month following the
sale. What is the balance in Accounts Receivable on March 31?
Requirement 2. Prepare a revised schedule of cash receipts if receipts from sales on account are 60% in the month of the sale. 30 blank, do not enter "0".) Cash Receipts from Customers...
Part 2: Avery Company projects the following sales for the first three months of the year:...
Part 2:
Avery Company projects the following sales for the first three months of the year: $15,800 in January; $10,100 in February; and $10,400 in March. The company expects 60% of the sales to be cash and the remainder on account. Sales on account are collected 50% in the month of the sale and 50% in the following month. The Accounts Receivable account has a zero balance on January 1. Round to the nearest dollar. 1. Prepare a schedule of...
pelase do requirement 1 and 2 E22-27 (similar to) Question Help Carmen Company projects the following...
pelase do requirement 1 and 2
E22-27 (similar to) Question Help Carmen Company projects the following sales for the first three months of the year: $13.500 in January: $16,100 in February, and $10.400 in March. The company expects 70% of the sales to be cash and the remainder on account. Sales on account are collected 50% in the month of the sale and 50% in the following month. The Accounts Receivable account has a zero balance on January 1. Round...
E22-26 Preparing a financial budget-schedule of cash receipts, sensitivity analysis Marcel Compaay projects the following sales...
E22-26 Preparing a financial budget-schedule of cash receipts, sensitivity analysis Marcel Compaay projects the following sales for the first three months of the year $11,200 in January, $12,300 in February, and $11,100 in March. The com- pany expects 60% of the sales to be cash and the remainder on account. Sales on account are collected 50% in the month of the sale and 50% in the following month The Accounts Receivable account has a zero balance on January 1. Round...
Martin Company projects the following sales for the first three months of the year: $14,300 in January: $11,300 in February; and $15,800 in March. The company expects 80% of the sales to be cash and the remainder on account. Sales on account are collected 50% in the month of the sale and 50% in the following month. The Accounts Receivable account has a zero balance on January 1. Round to the nearest dollar. Read the requirements Requirement 1. Prepare a...
E22-26 (similar to) Question Help o Marlin Company projects the following sales for the first three months of the year: $12,600 in January: $10,100 in February; and $16,300 in March. The company expects 80% of the sales to be cash and the remainder on account. Sales on account are collected 50% in the month of the sale and 50% in the following month. The Accounts Receivable account has a zero balance on January 1. Round to the nearest dollar. Read...
Help with requirement 2 please?
Graham Company projects the following sales for the first three
months of the year: $ 10,800 in January; $ 11,600 in February;
and $ 16,300 in March. The company expects 60% of the sales to be
cash and the remainder on account. Sales on account are collected
50% in the month of the sale and 50% in the following month. The
Accounts Receivable account has a zero balance on January 1. Round
to the nearest...
Jayson Company projects the following sales for the first three months of the year: 512,600 in January, 512,200 in February, and $11,100 in March. The company expects 60% of the sales to be cash and the remainder on account. Sales on account are collected 50% in the month of the sale and 50% in the following month. The Accounts Receivable account has a zero balance on January 1. Round to the nearest dollar. Read the requirements Requirement 1. Prepare a...
Jayson Company projects the following sales for the first three months of the year: $11.200 in January: $10,200 in February; and $13,400 in March. The company expects 60% of the sales to be cash and the remainder on account. Sales on account are collecled 50% in the month of the sale and 50% in the following month. The Accounts Receivable account has a zero balance on January 1. Round to the nearest dollar. Read the requirements Requirement 1. Prepare a...
Elwood Company projects the following sales for the first three months of the year: $12,400 in January; $10,200 in February; and $10,500 in March. The company expects 70% of the sales to be cash and the remainder on account. Sales on account are collected 50% in the month of the sale and 50% in the following month. The Accounts Receivable account has a zero balance on January 1. Round to the nearest dollar. Read the requirements. Requirement 1. Prepare a...
Requirement 2. Prepare a revised schedule of cash receipts
from sales in account are 60% in the month of the sale, 30% in the
month following the sale, and 10% in the second month following the
sale. What is the balance in Accounts Receivable on March 31?
Requirement 2. Prepare a revised schedule of cash receipts if receipts from sales on account are 60% in the month of the sale. 30 blank, do not enter "0".) Cash Receipts from Customers...
Part 2:
Avery Company projects the following sales for the first three months of the year: $15,800 in January; $10,100 in February; and $10,400 in March. The company expects 60% of the sales to be cash and the remainder on account. Sales on account are collected 50% in the month of the sale and 50% in the following month. The Accounts Receivable account has a zero balance on January 1. Round to the nearest dollar. 1. Prepare a schedule of...
pelase do requirement 1 and 2
E22-27 (similar to) Question Help Carmen Company projects the following sales for the first three months of the year: $13.500 in January: $16,100 in February, and $10.400 in March. The company expects 70% of the sales to be cash and the remainder on account. Sales on account are collected 50% in the month of the sale and 50% in the following month. The Accounts Receivable account has a zero balance on January 1. Round...
E22-26 Preparing a financial budget-schedule of cash receipts, sensitivity analysis Marcel Compaay projects the following sales for the first three months of the year $11,200 in January, $12,300 in February, and $11,100 in March. The com- pany expects 60% of the sales to be cash and the remainder on account. Sales on account are collected 50% in the month of the sale and 50% in the following month The Accounts Receivable account has a zero balance on January 1. Round...
Most questions answered within 3 hours.
-
The equilibrium constant Kp for the reaction
C(s)+H2O(g)⇌CO(g)+H2(g) is 2.44 at 1000 K. What are the...
asked 5 minutes ago -
HACKING
1: Discuss the tricks of hacking in 300 words.
2: Explain in you own words...
asked 6 minutes ago -
Answer the following questions about the NOCl molecule. There
are [?] single bonds in this molecule....
asked 4 minutes ago -
The range of frequencies included in an RF pulse is referred to
as it's bandwidth (BW)....
asked 8 minutes ago -
In the context of the 55 principles, _________
means to keep a process going through training,...
asked 18 minutes ago -
Can you write a 400 words paragraph about investigation on
permeability of cell membrane for SDS,...
asked 18 minutes ago -
This question is regarding Computer Security;
What do you think are some other security risks and...
asked 26 minutes ago -
Assume that you work for an organization that has around 10,000
desktops/laptops and approximately 1,000 servers...
asked 34 minutes ago -
An electron moves along the z-axis with vz=5.2×10^7m/s.
As it passes the origin, what are the...
asked 37 minutes ago -
Silly-Sort(A,i,j)
if A[i] > A[j]
then exchange A[i] and A[j];
if i+1 >= j
then return;...
asked 40 minutes ago -
Discuss the major contributions of Max Weber in understanding
the society theoretically. [10]
asked 43 minutes ago -
The rate constant for a certain reaction is k =
8.50×10−3 s−1 . If the initial...
asked 54 minutes ago