Homework Answers
Answer-1)-
| TREVER REEDS | ||||
| SALES BUDGET | ||||
| FOR THE FOUR MONTHS ENDED JANUARY | ||||
| Particulars | OCTOBER | NOVEMBER | JANUARY | FEBRUARY |
| Projected monthly sales $ (a) | 894000 | 960000 | 1025000 | 924000 |
| Cash sales (b= 30%*a) | 268200 | 288000 | 307500 | 277200 |
| Credit Sales (c= 70%*a) | 625800 | 672000 | 717500 | 646800 |
2)-
| TREVER REEDS | ||
| BUDEGETD CASH COLLECTIONS FROM CUSTOMERS | ||
| FOR THE MONTHS OF DECEMBER AND JANUARY | ||
| Particulars | JANUARY | FEBRUARY |
| Projected monthly sales $ (a) | 1025000 | 924000 |
| Cash sales (b= 30%*a) | 307500 | 277200 |
| Credit Sales (c= 70%*a) | 717500 | 646800 |
| Cash Collection | ||
| 20% in month of sale | 143500 | 129360 |
| 65% in following month of sale | 436800 | 466375 |
| 14% in the second month following sale | 87612 | 94080 |
| Total cash collections (c) | 667912 | 689815 |
| Total collection (d=b+c) | 975412 | 967015 |
Explanation-
| TREVER REEDS | ||||
| BUDEGETD CASH COLLECTIONS FROM CUSTOMERS | ||||
| FOR THE FOUR MONTHS ENDED JANUARY | ||||
| Particulars | OCTOBER | NOVEMBER | JANUARY | FEBRUARY |
| Projected monthly sales $ (a) | 894000 | 960000 | 1025000 | 924000 |
| Cash sales (b= 30%*a) | 268200 | 288000 | 307500 | 277200 |
| Credit Sales (c= 70%*a) | 625800 | 672000 | 717500 | 646800 |
| Cash Collection | ||||
| 20% in month of sale | 125160 | 134400 | 143500 | 129360 |
| 65% in following month of sale | 406770 | 436800 | 466375 | |
| 14% in the second month following sale | 87612 | 94080 | ||
| Total cash collections (c) | 125160 | 541170 | 667912 | 689815 |
| Total collection (d=b+c) | 393360 | 829170 | 975412 | 967015 |
Add Answer to:
Trever Reeds, a manufacturer of saxophone, oboe, and clarinet reeds, has projected sales to be 5894,000...
Trever Reeds, a manufacturer of saxophone, oboe, and clarinet reeds, has projected sales to be $900,000...
Trever Reeds, a manufacturer of saxophone, oboe, and clarinet reeds, has projected sales to be $900,000 in October, $964,000 in November, $1,050,000 in December, and $926,000 in January. Trever's sales are 20% cash and 80% credit. The company's collection history indicates that credit sales are collected as follows: 25% in the month of the sale 60% in the month after the sale 14% two months after the sale 1% are never collected Requirements 1. Prepare a sales budget for all...
Trever Reeds, a manufacturer of saxophone, oboe, and clarinet reeds, has projected sales to be $900,000...
Trever Reeds, a manufacturer of saxophone, oboe, and clarinet reeds, has projected sales to be $900,000 in October, $964,000 in November, $1,050,000 in December, and $926,000 in January. Trever's sales are 20% cash and 80% credit. The company's collection history indicates that credit sales are collected as follows: 25% in the month of the sale 60% in the month after the sale 14% two months after the sale 1% are never collected Requirements 1. Prepare a sales budget for all...
%E9-31A (similar to) Question Help Trever Reeds, a manufacturer of saxophone, oboe, and clarinet reeds, has...
%E9-31A (similar to) Question Help Trever Reeds, a manufacturer of saxophone, oboe, and clarinet reeds, has projected sales to be $908,000 in October, 5966,000 in November, $1,070,000 in December, and $920,000 in January, Trever's sales are 30% cash and 70% credit. The company's collection history indicates that credit sales are collected as follows: 20% in the month of the sale 65% in the month after the sale 12% two months after the sale 3% are never collected Requirements 1. Prepare...
Gustev Reeds, a manufacturer of saxophone, oboe, and clarinet reeds, has projected sales to be $900,000...
Gustev Reeds, a manufacturer of saxophone, oboe, and clarinet reeds, has projected sales to be $900,000 in October, $964,000 in November, $1,060,000 in December, and $930,000 in January. Gustev's sales are 30% cash and 70% credit. The company's collection history indicates that credit sales are collected as follows: 25% in the month of the sale 65% in the month after the sale 8% two months after the sale 2% are never collected Requirements 1. Prepare a sales budget for all...
please print clearly. thanks! Trever Reeds, a manufacturer of saxophone, oboe, and clarinet reeds, has projected...
please print clearly. thanks!
Trever Reeds, a manufacturer of saxophone, oboe, and clarinet reeds, has projected sales to be $896,000 in October, 1954.000 in November 51.055,000 in December, and $24,000 in January. Trever's sales are 25% cash and 75% crd The company's collection history indicates that credt sales are collected as follows: 20% in the month of the sale 60% in the month after the sale 12% two months after the sale are never collected Requirements 1. Prepare a sales...
Ahmed Reeds, a manufacturer of saxophone, oboe, and clarinet reeds, has projected sales to be $896,000...
Ahmed Reeds, a manufacturer of saxophone, oboe, and clarinet reeds, has projected sales to be $896,000 in October, $960,000 in November, $1,055,000 in December, and $938,000 in January. Ahmed's sales are 20% cash and 80% credit. The company's collection history indicates that credit sales are collected as follows: 25% in the month of the sale 60% in the month after the sale 14% two months after the sale 1% are never collected Requirements 1. Prepare a sales budget for all...
Rovniak Reeds, a manufacturer of saxophone, oboe, and clarinet reeds, has projected sales to be $900,000...
Rovniak Reeds, a manufacturer of saxophone, oboe, and clarinet reeds, has projected sales to be $900,000 in October, $964,000 in November, $1,055,000 in December, and $938,000 in January. Rovniak's sales are 30% cash and 70% credit. The company's collection history indicates that credit sales are collected as follows: 20% in the month of the sale 65% in the month after the sale 14% two months after the sale 1% are never collected Requirements 1. Prepare a sales budget for all...
Ahmed Reeds, a manufacturer of saxophone, oboe, and clarinet reeds, has projected sales to be S902.000...
Ahmed Reeds, a manufacturer of saxophone, oboe, and clarinet reeds, has projected sales to be S902.000 in October, $962,000 in November, $1,030.000 in December, and $922,000 in January Ahmed's sales are 25 % cash and 75 % credt. The company's collection history indicates that credit sales are collected as folows 20% in the month of the sale 65% in the month after the sale 12% two months after the sale 3% are never collected Requirements 1. Prepare a sales budget...
Freddie Reeds, a manufacturer of saxophone, oboe, and clarinet reeds, has projected sales to be $890,000...
Freddie Reeds, a manufacturer of saxophone, oboe, and clarinet reeds, has projected sales to be $890,000 in October $956,000 in November $1,070,000 in December, and $936,000 in January Freddie's sales are 25% cash and 75% credit. The company's collection history indicates that credit sales are collected as follows: 20% in the month of the sale 70% in the month after the sale 8% two months after the sale 2% are never collected Requirements 1. Prepare a sales budget for all...
Serdnic Reeds, a manufacturer of saxophone, oboe, and clarinet reeds, has projected sales to be $896,000 in October, $9...
Serdnic Reeds, a manufacturer of saxophone, oboe, and clarinet reeds, has projected sales to be $896,000 in October, $966,000 in November, $1,045,000 in December, and $922,000 in January. Serdnic's sales are 20% cash and 80% credit. The company's collection history indicates that credit sales are collected as follows: 25% in the month of the sale 60% in the month after the sale 8% two months after the sale 7% are never collected Requirements 1. Prepare a sales budget for all...
Trever Reeds, a manufacturer of saxophone, oboe, and clarinet reeds, has projected sales to be $900,000 in October, $964,000 in November, $1,050,000 in December, and $926,000 in January. Trever's sales are 20% cash and 80% credit. The company's collection history indicates that credit sales are collected as follows: 25% in the month of the sale 60% in the month after the sale 14% two months after the sale 1% are never collected Requirements 1. Prepare a sales budget for all...
Trever Reeds, a manufacturer of saxophone, oboe, and clarinet reeds, has projected sales to be $900,000 in October, $964,000 in November, $1,050,000 in December, and $926,000 in January. Trever's sales are 20% cash and 80% credit. The company's collection history indicates that credit sales are collected as follows: 25% in the month of the sale 60% in the month after the sale 14% two months after the sale 1% are never collected Requirements 1. Prepare a sales budget for all...
%E9-31A (similar to) Question Help Trever Reeds, a manufacturer of saxophone, oboe, and clarinet reeds, has projected sales to be $908,000 in October, 5966,000 in November, $1,070,000 in December, and $920,000 in January, Trever's sales are 30% cash and 70% credit. The company's collection history indicates that credit sales are collected as follows: 20% in the month of the sale 65% in the month after the sale 12% two months after the sale 3% are never collected Requirements 1. Prepare...
Gustev Reeds, a manufacturer of saxophone, oboe, and clarinet reeds, has projected sales to be $900,000 in October, $964,000 in November, $1,060,000 in December, and $930,000 in January. Gustev's sales are 30% cash and 70% credit. The company's collection history indicates that credit sales are collected as follows: 25% in the month of the sale 65% in the month after the sale 8% two months after the sale 2% are never collected Requirements 1. Prepare a sales budget for all...
please print clearly. thanks!
Trever Reeds, a manufacturer of saxophone, oboe, and clarinet reeds, has projected sales to be $896,000 in October, 1954.000 in November 51.055,000 in December, and $24,000 in January. Trever's sales are 25% cash and 75% crd The company's collection history indicates that credt sales are collected as follows: 20% in the month of the sale 60% in the month after the sale 12% two months after the sale are never collected Requirements 1. Prepare a sales...
Ahmed Reeds, a manufacturer of saxophone, oboe, and clarinet reeds, has projected sales to be $896,000 in October, $960,000 in November, $1,055,000 in December, and $938,000 in January. Ahmed's sales are 20% cash and 80% credit. The company's collection history indicates that credit sales are collected as follows: 25% in the month of the sale 60% in the month after the sale 14% two months after the sale 1% are never collected Requirements 1. Prepare a sales budget for all...
Rovniak Reeds, a manufacturer of saxophone, oboe, and clarinet reeds, has projected sales to be $900,000 in October, $964,000 in November, $1,055,000 in December, and $938,000 in January. Rovniak's sales are 30% cash and 70% credit. The company's collection history indicates that credit sales are collected as follows: 20% in the month of the sale 65% in the month after the sale 14% two months after the sale 1% are never collected Requirements 1. Prepare a sales budget for all...
Ahmed Reeds, a manufacturer of saxophone, oboe, and clarinet reeds, has projected sales to be S902.000 in October, $962,000 in November, $1,030.000 in December, and $922,000 in January Ahmed's sales are 25 % cash and 75 % credt. The company's collection history indicates that credit sales are collected as folows 20% in the month of the sale 65% in the month after the sale 12% two months after the sale 3% are never collected Requirements 1. Prepare a sales budget...
Freddie Reeds, a manufacturer of saxophone, oboe, and clarinet reeds, has projected sales to be $890,000 in October $956,000 in November $1,070,000 in December, and $936,000 in January Freddie's sales are 25% cash and 75% credit. The company's collection history indicates that credit sales are collected as follows: 20% in the month of the sale 70% in the month after the sale 8% two months after the sale 2% are never collected Requirements 1. Prepare a sales budget for all...
Serdnic Reeds, a manufacturer of saxophone, oboe, and clarinet reeds, has projected sales to be $896,000 in October, $966,000 in November, $1,045,000 in December, and $922,000 in January. Serdnic's sales are 20% cash and 80% credit. The company's collection history indicates that credit sales are collected as follows: 25% in the month of the sale 60% in the month after the sale 8% two months after the sale 7% are never collected Requirements 1. Prepare a sales budget for all...
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