Sunnyvale Corporation makes collections on sales according to the following schedule: 40% in the month of...
Sunnyvale Corporation makes collections on sales according to the following schedule:
40% in the month of sale
50% in the month after the sale
10% two months after the sale
Here are their expected sales for the first quarter:
January............$70,000
February..........$50,000
March...............$30,000
How much cash will they collect in the month of March?
Group of answer choices:
A. $44,000
B. $37,000
C. $42,000
D. $30,000
Homework Answers
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Sunnyvale Corporation makes collections on sales according to
the following schedule:
40% in the month of...
2. Koda Corporation makes collections on sales according to the following schedule: 25% in month of...
2. Koda Corporation makes collections on sales according to the following schedule: 25% in month of sale 65% in month following the sale 5% in second month following the sale 5% uncollectible The following sales have been budgeted: April May June $120,000 $100,000 $110,000 Budgeted cash collections in June would be: A. $27,500 B. $98,500 C. $71,000 D. $115,000 3. The following information was taken from the production budget of Bazinga Corporation for the next quarter. January February March 130,000...
The BRS Corporation makes collections on sales according to the following schedule: 40% in month of...
The BRS Corporation makes collections on sales according to the following schedule: 40% in month of sale 56% in month following sale 4% in second month following sale The following sales have been budgeted: April May June Sales $150,000 $170,000 $160,000 Budgeted cash collections in June would be: Multiple Choice $160,600 $165,200 $159,200 $160,000
The BRS Corporation makes collections on sales according to the following schedule: 40% in month of...
The BRS Corporation makes collections on sales according to the following schedule: 40% in month of sale 56% in month following sale 4% in second month following sale The following sales have been budgeted: Sales April $ 150,000 May $ 170,000 June $ 160,000 Budgeted cash collections in June would be: Multiple Choice: A) $165,200 B) $159,200 C) $160,600 D) $160,000
5. April Company makes collections on sales according to the following schedule: -30 % in the...
5. April Company makes collections on sales according to the following schedule: -30 % in the month of sale -60% in the month following sale -8% in the second month following sale The following sales are expected: Expected sales January $ 100,000 $ 120,000 February March 110,000 Cash collections in March are budgeted to be: A. $110,000 B. $110,800 C. $105,000 D. $113,000
The BRS Corporation makes collections on sales according to the following schedule: 45% in month of...
The BRS Corporation makes collections on sales according to the following schedule: 45% in month of sale 48% in month following sale 7% in second month following sale The following sales have been budgeted: Sales April $ 120,000 May $ 100,000 June $ 140,000 Budgeted cash collections in June would be: Multiple Choice $119,400 $140,000 $140,840 $111,000
The BRS Corporation makes collections on sales according to the following schedule: 60% in month of...
The BRS Corporation makes collections on sales according to the following schedule: 60% in month of sale 37% in month following sale 3% in second month following sale The following sales have been budgeted: April $160,000 May $170,000 June$160,000 Budgeted cash collections in June would be Multiple Choice $160,000 $160,480 $163,700 $158,900
The BRS Corporation makes collections on sales according to the following schedule: 35% in month of...
The BRS Corporation makes collections on sales according to the following schedule: 35% in month of sale 61% in month following sale 4% in second month following sale Skloped The following sales have been budgeted: April May June Sales $120,000 $130,000 $120,000 Budgeted cash collections in June would be: Multiple Choice 0 $126,100 0 $120.000 0 $120.480 0 $121,300
1a) The WRT Corporation makes collections on sales according to the following schedule: 35% in month...
1a) The WRT Corporation makes collections on sales according to the following schedule: 35% in month of sale 55% in month following sale 5% in second month following sale 5% uncollectible The following sales have been budgeted: Sales April $ 131,000 May $ 168,000 June $ 179,000 Budgeted cash collections in June would be: $62,650 $161,600 $98,950 $178,600
Problem #2 (show your work!!): 1. Avril Company makes collections on sales according to the following...
Problem #2 (show your work!!): 1. Avril Company makes collections on sales according to the following schedule 45% in the month of sale 50% in the month following sale 5% in the second month following sale The following sales have been are expected: January February March Expected Sales $160,000 $180,000 $170,000 Compute budgeted cash collections for March. Show all your work below
Samson Corporation has found that 70% of its sales in any given month are credit sales,...
Samson Corporation has found that 70% of its sales in any given month are credit sales, while the remainder are cash sales. Of the credit sales, Samson Corporation has experienced the following collection pattern: November sales for last year were $110,000, while December sales were $115,000. Projected sales for the next three months are as follows: 20% received in the month of the sale 40% received in the month after the sale 25% received two months after the sale 15%...
2. Koda Corporation makes collections on sales according to the following schedule: 25% in month of sale 65% in month following the sale 5% in second month following the sale 5% uncollectible The following sales have been budgeted: April May June $120,000 $100,000 $110,000 Budgeted cash collections in June would be: A. $27,500 B. $98,500 C. $71,000 D. $115,000 3. The following information was taken from the production budget of Bazinga Corporation for the next quarter. January February March 130,000...
The BRS Corporation makes collections on sales according to the following schedule: 40% in month of sale 56% in month following sale 4% in second month following sale The following sales have been budgeted: April May June Sales $150,000 $170,000 $160,000 Budgeted cash collections in June would be: Multiple Choice $160,600 $165,200 $159,200 $160,000
5. April Company makes collections on sales according to the following schedule: -30 % in the month of sale -60% in the month following sale -8% in the second month following sale The following sales are expected: Expected sales January $ 100,000 $ 120,000 February March 110,000 Cash collections in March are budgeted to be: A. $110,000 B. $110,800 C. $105,000 D. $113,000
The BRS Corporation makes collections on sales according to the following schedule: 60% in month of sale 37% in month following sale 3% in second month following sale The following sales have been budgeted: April $160,000 May $170,000 June$160,000 Budgeted cash collections in June would be Multiple Choice $160,000 $160,480 $163,700 $158,900
The BRS Corporation makes collections on sales according to the following schedule: 35% in month of sale 61% in month following sale 4% in second month following sale Skloped The following sales have been budgeted: April May June Sales $120,000 $130,000 $120,000 Budgeted cash collections in June would be: Multiple Choice 0 $126,100 0 $120.000 0 $120.480 0 $121,300
Problem #2 (show your work!!): 1. Avril Company makes collections on sales according to the following schedule 45% in the month of sale 50% in the month following sale 5% in the second month following sale The following sales have been are expected: January February March Expected Sales $160,000 $180,000 $170,000 Compute budgeted cash collections for March. Show all your work below
Samson Corporation has found that 70% of its sales in any given month are credit sales, while the remainder are cash sales. Of the credit sales, Samson Corporation has experienced the following collection pattern: November sales for last year were $110,000, while December sales were $115,000. Projected sales for the next three months are as follows: 20% received in the month of the sale 40% received in the month after the sale 25% received two months after the sale 15%...
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