Junior Snacks reports the following information from its sales budget: Expected Sales: October $ 136,000 November...
Junior Snacks reports the following information from its sales budget:
| Expected Sales: | October | $ | 136,000 | |
| November | 144,000 | |||
| December | 180,000 | |||
All sales are on credit and are expected to be collected 35% in the month of sale and 65% in the month following sale. The total amount of cash expected to be received from customers in November is:
Multiple Choice
-
$138,800.
-
$88,400.
-
$144,000.
-
$232,400.
-
$50,400.
Homework Answers
OPTION: $138800
EXPLANATION:
In November,
cash collection expected for November sales = $144000 x 35% = $50400
cash collected expected for October sales = $136000 x 65% = $88400
total cash expected = $138800
Add Answer to:
Junior Snacks reports the following information from its sales
budget:
Expected Sales:
October
$
136,000
November...
Help A Junior Snacks reports the following information from its sales budget Expected sales: October November...
Help A Junior Snacks reports the following information from its sales budget Expected sales: October November December $149,000 157,000 193,000 12:25 All sales are on credit and are expected to be collected 40% in the month of sale and 60% in the month following sale. The total amount of cash expected received from customers in November is: Multiple Choice O $246,400 Multiple Choice Ο $246,400. Ο $157.000. Ο $89,400. Ο $62.800. Ο 5152.200. < Prev 24 of 30 !!! Next...
Junior Snacks reports the following information from its sales budget: Expected Sales: October $143,000 November 151,000...
Junior Snacks reports the following information from its sales budget: Expected Sales: October $143,000 November 151,000 December 187,000 All sales are on credit and are expected to be collected 40% in the month of sale and 60% in the month following sale. The total amount of cash expected to be received from customers in November is: A. $146,200. B. $85,800. C. $151,000. D. $236,800. E. $60,400.
On October 1 of the current year, Molloy Corporation prepared a cash budget for October, November,...
On October 1 of the current year, Molloy Corporation prepared a cash budget for October, November, and December. All of Molloy's sales are made on account. The following information was used in preparing estimated cash collections: August sales (actual) $ 47,000 September sales (actual) $ 57,000 October sales (estimated) $ 27,000 November sales (estimated) $ 77,000 December sales (estimated) $ 67,000 Approximately 65% of all sales are collected in the month of the sale, 20% is collected in the following...
On October 1 of the current year, Malone Corporation prepared a cash budget for October, November,...
On October 1 of the current year, Malone Corporation prepared a cash budget for October, November, and December. All of Malone's sales are made on account. The following information was used in preparing estimated cash collections: August sales (actual) $ 49,000 September sales (actual) $ 59,000 October sales (estimated) $ 29,000 November sales (estimated) $ 79,000 December sales (estimated) $ 69,000 Approximately 60% of all sales are collected in the month of the sale, 30% is collected in the following...
Shake Shack’s Vegan Burgers reports the following information from its sales budget: Expected Sales: May $133,000...
Shake Shack’s Vegan Burgers reports the following information from its sales budget: Expected Sales: May $133,000 June 120,000 July 155,000 All sales are on credit and cash receipts are expected to be collected 40% in the month of sale and 60% in the month following sale. The total amount of cash expected to be recieved from customers in June is: (Please show work!)
MC Qu. 112 Frankies Chocolate Co. reports the following... Frankie's Chocolate Co. reports the following Information...
MC Qu. 112 Frankies Chocolate Co. reports the following... Frankie's Chocolate Co. reports the following Information from its soles budget: pints Expected Sales: July $ 90,000 August 104,000 September 120,000 eBook References Cash sales are normally 25% of total sales and all credit sales are expected to be collected in the month following the date of sale. The total amount of cash expected to be received from customers in September is: Multiple Choice O $30.000 $78.000
Romona Company expects its November sales to be 15% higher than its October sales of $210,000....
Romona Company expects its November sales to be 15% higher than its October sales of $210,000. Al sales are on credit and are collected as follows: 30% in the month of the sale and 65% in the following month. Purchases were $100,000 in October and are expected to be $190,000 in November. Purchases are paid 30% in the month of purchase and 70% in the following month. The cash balance on November 1 is $13,100. The cash balance on November...
Wells Company reports the following sales forecast: September, $60,000; October, $75,000; and November, $90,000. All sales...
Wells Company reports the following sales forecast: September, $60,000; October, $75,000; and November, $90,000. All sales are on account. Collections of credit sales are received as follows: 25% in the month of sale, 60% in the first month after sale, and 10% in the second month after sale. 5% of all credit sales are written off as uncollectible. Prepare a schedule of cash receipts for November. WELLS COMPANY Budgeted Cash Receipts For Month Ended November 30 Cash receipts from November...
Wells Company reports the following sales forecast: September $60.000; October $71000; and November, 57 . A...
Wells Company reports the following sales forecast: September $60.000; October $71000; and November, 57 . A Sores are account. Collections of credit sales are received as follows: 25% in the month of sale, 60% in the first month after sale, and 10% in the second month after sale. 5% of all credit sales are written off as uncollectible. Prepare a schedule of cash receipts for November 11111 00 WELLS COMPANY Budgeted Cash Receipts For Month Ended November 30 Cash recepts...
Copper Corporation has the following sales budget for the last six months of 2016: July $200,000...
Copper Corporation has the following sales budget for the last six months of 2016: July $200,000 October $180,000 August 160,000 November 200,000 September 220,000 December 188,000 Historically, the cash collection of sales has been as follows: 65 percent of sales collected in month of sale, 25 percent of sales collected in month following sale, 8 percent of sales collected in second month following sale, and 2 percent of sales is uncollectable. Cash collections for October are $117,000. $174,000. $184,800. $199,000....
Help A Junior Snacks reports the following information from its sales budget Expected sales: October November December $149,000 157,000 193,000 12:25 All sales are on credit and are expected to be collected 40% in the month of sale and 60% in the month following sale. The total amount of cash expected received from customers in November is: Multiple Choice O $246,400 Multiple Choice Ο $246,400. Ο $157.000. Ο $89,400. Ο $62.800. Ο 5152.200. < Prev 24 of 30 !!! Next...
MC Qu. 112 Frankies Chocolate Co. reports the following... Frankie's Chocolate Co. reports the following Information from its soles budget: pints Expected Sales: July $ 90,000 August 104,000 September 120,000 eBook References Cash sales are normally 25% of total sales and all credit sales are expected to be collected in the month following the date of sale. The total amount of cash expected to be received from customers in September is: Multiple Choice O $30.000 $78.000
Romona Company expects its November sales to be 15% higher than its October sales of $210,000. Al sales are on credit and are collected as follows: 30% in the month of the sale and 65% in the following month. Purchases were $100,000 in October and are expected to be $190,000 in November. Purchases are paid 30% in the month of purchase and 70% in the following month. The cash balance on November 1 is $13,100. The cash balance on November...
Wells Company reports the following sales forecast: September, $60,000; October, $75,000; and November, $90,000. All sales are on account. Collections of credit sales are received as follows: 25% in the month of sale, 60% in the first month after sale, and 10% in the second month after sale. 5% of all credit sales are written off as uncollectible. Prepare a schedule of cash receipts for November. WELLS COMPANY Budgeted Cash Receipts For Month Ended November 30 Cash receipts from November...
Wells Company reports the following sales forecast: September $60.000; October $71000; and November, 57 . A Sores are account. Collections of credit sales are received as follows: 25% in the month of sale, 60% in the first month after sale, and 10% in the second month after sale. 5% of all credit sales are written off as uncollectible. Prepare a schedule of cash receipts for November 11111 00 WELLS COMPANY Budgeted Cash Receipts For Month Ended November 30 Cash recepts...
Most questions answered within 3 hours.
-
Discounting cash flows involves:
A. taking the cash discount offered on a trade merchandise
B. estimating...
asked 3 minutes ago -
A solid wood door 1.00 m wide and 2.00 m high is hinged along
one side...
asked 3 minutes ago -
Raleigh Company manufactures two joint products. At the
split-off point, they have sales values of:
Product...
asked 2 minutes ago -
A
projectile is blue at a target. The distance from the point of
impact to the...
asked 4 minutes ago -
1. Your grandmother has invested $4000 in a mutual fund each
year on your birthday (she...
asked 5 minutes ago -
HELP WITH SAS
Run the following DATA step to create a SAS data set called
ABC_CORP....
asked 17 minutes ago -
A researcher wishes to study the cumulative effects of several
combinations of HIV drugs. There are...
asked 37 minutes ago -
How
to make a simple game of whack a mole in pygame
asked 20 minutes ago -
Write a c/c++ program to read a list of students from a file and
create a...
asked 29 minutes ago -
Identify two different methods for collecting data in
qualitative research. What are the benefits and challenges...
asked 30 minutes ago -
I am suppose to have my array before the main class but I am
getting the...
asked 32 minutes ago -
Your task is to design the page table for the 32bit Pentium
microprocessor. Answer the following...
asked 39 minutes ago