Homework Answers
Budgeted collection in November
= November sales (250,000*35%) + October sales(360,000*40%) + September sales (350,000*20%)
= 87,500 + 144,000 + 70,000
= 301,500
Option A is the answer
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Natcher Corporation collects 35% of a month's sales in the month of sale, 40% in the...
Sharon Corporation collects 10% in the second month following sale, 40% in the month following sale and 40% of a mo...
Sharon Corporation collects 10% in the second month following sale, 40% in the month following sale and 40% of a month's sales in the month of sale. The company has found that 10% of their sales are uncollectible. Budgeted sales for the upcoming four months are: August budgeted sales September budgeted sales October budgeted sales November budgeted sales $350,000 $260.000 $400.000 $220,000 The amount of cash that will be collected in November is budgeted to be O A. $198,000 OB....
Distribution Corporation collects 60% of a month's sales in the month of sale, 35% in the...
Distribution Corporation collects 60% of a month's sales in the month of sale, 35% in the month following sale, and 5% in the second month following sale. Budgeted sales for the upcoming four months are: April budgeted sales $100.000 May budgeted sales $170,000 June budgeted sales $260,000 July budgeted sales $230,000 The amount of cash that will be collected in July is budgeted to be O A. $138,000 O B. $237,500 OC. $204,500 OD. $99,500
Hatcher Corporation collects 60% of a month's sales in the month of sale, 30% in the...
Hatcher Corporation collects 60% of a month's sales in the month of sale, 30% in the month following, sale, 39 in the second month following sale. The company has found that 5% of their sales are uncollectible. Budgeted sales for the upcoming four months are: $310.000 August budected sales September budgeted sales October budected sales November budgeted sales $230,000 What is the amount of cash budgeted to be collected in November?
Question 15 0.25 points Save Answer Natcher Corporation collects 45% of a month's sales in the month of sale, 40% in th...
Question 15 0.25 points Save Answer Natcher Corporation collects 45% of a month's sales in the month of sale, 40% in the month following sale, and 15% in the second month following sale. The company has found that 5% of their sales are uncollectible. Budgeted sales for the upcoming four months are: August budgeted sales September budgeted sales October budgeted sales November budgeted sales $280,000 $320,000 $400,000 $230,000 The amount of cash that will be collected in November is budgeted...
Distribution Corporation collects 60% of a month's sales in the month of sale, 35% in the...
Distribution Corporation collects 60% of a month's sales in the month of sale, 35% in the month following sale, and 5% in the second month following sale. Budgeted sales for the upcoming four months are: April budgeted sales May budgeted sales June budgeted sales July budgeted sales $140,000 $120,000 $230,000 $200,000 The amount of cash that will be collected in July is budgeted to be O A. OB. Oc. OD. $206,500 $120,000 $86,500 $162,500 Click to select your answer
Distribution Corporation collects 35% of a month's sales in the month of sale, 45% in the...
Distribution Corporation collects 35% of a month's sales in the month of sale, 45% in the month following sale, and 20% in the second month following sale. Budgeted sales for the upcoming four months are: April budgeted sales May budgeted sales June budgeted sales July budgeted sales $100,000 $200,000 $210,000 $160,000 The amount of cash that will be collected in July is budgeted to be O A. $196,500 O B. $190,500 OC. $134,500 O D. $56,000
Eastern Corporation collects 10% in the second month following sale, 55% in the month following sale...
Eastern Corporation collects 10% in the second month following sale, 55% in the month following sale and 35% of a month's sales in the month of sale. Budgeted sales for the upcoming four months are: April budgeted sales May budgeted sales June budgeted sales July budgeted sales $100,000 $150,000 $230,000 $180,000 The amount of cash that will be collected in July is budgeted to be
A Company collects 20% of a month’s sales in the month of sale, 70% in the...
A Company collects 20% of a month’s sales in the month of sale,
70% in the month following sale, and 6% in the second month
following sale. The remainder is uncollectible. Budgeted sales for
the next four months are: Cash collections in April are budgeted to
be:
A) $313,000
B) $292,000
C) $321,000
D) $320,000
Budgeted sales January $200,000 February $300,000 March $350,000 April $250,000
McMichael Inc. collects 10% of its sales on account in the month of the sale and...
McMichael Inc. collects 10% of its sales on account in the month of the sale and 90% in the month following the sale. If sales on account are budgeted to be $209,000 for September and $251,000 for October, what are the budgeted cash receipts from sales on account for October?
Question 2. (cash receipts from sales) Budgeted sales revenue for the coming five months is as...
Question 2. (cash receipts from sales) Budgeted sales revenue for the coming five months is as follows: Month Sales revenue August $160,000 September $155,000 October $155,000 November $115,000 December $180,000 You estimate that you will collect 35% of sales revenue in the month of sale, 35% in the following month, 25% two months after the sale, and the remaining 5% three months after the sale. Required: Compute budgeted cash inflows for November and December. November = $ December...
Sharon Corporation collects 10% in the second month following sale, 40% in the month following sale and 40% of a month's sales in the month of sale. The company has found that 10% of their sales are uncollectible. Budgeted sales for the upcoming four months are: August budgeted sales September budgeted sales October budgeted sales November budgeted sales $350,000 $260.000 $400.000 $220,000 The amount of cash that will be collected in November is budgeted to be O A. $198,000 OB....
Distribution Corporation collects 60% of a month's sales in the month of sale, 35% in the month following sale, and 5% in the second month following sale. Budgeted sales for the upcoming four months are: April budgeted sales $100.000 May budgeted sales $170,000 June budgeted sales $260,000 July budgeted sales $230,000 The amount of cash that will be collected in July is budgeted to be O A. $138,000 O B. $237,500 OC. $204,500 OD. $99,500
Hatcher Corporation collects 60% of a month's sales in the month of sale, 30% in the month following, sale, 39 in the second month following sale. The company has found that 5% of their sales are uncollectible. Budgeted sales for the upcoming four months are: $310.000 August budected sales September budgeted sales October budected sales November budgeted sales $230,000 What is the amount of cash budgeted to be collected in November?
Question 15 0.25 points Save Answer Natcher Corporation collects 45% of a month's sales in the month of sale, 40% in the month following sale, and 15% in the second month following sale. The company has found that 5% of their sales are uncollectible. Budgeted sales for the upcoming four months are: August budgeted sales September budgeted sales October budgeted sales November budgeted sales $280,000 $320,000 $400,000 $230,000 The amount of cash that will be collected in November is budgeted...
Distribution Corporation collects 60% of a month's sales in the month of sale, 35% in the month following sale, and 5% in the second month following sale. Budgeted sales for the upcoming four months are: April budgeted sales May budgeted sales June budgeted sales July budgeted sales $140,000 $120,000 $230,000 $200,000 The amount of cash that will be collected in July is budgeted to be O A. OB. Oc. OD. $206,500 $120,000 $86,500 $162,500 Click to select your answer
Distribution Corporation collects 35% of a month's sales in the month of sale, 45% in the month following sale, and 20% in the second month following sale. Budgeted sales for the upcoming four months are: April budgeted sales May budgeted sales June budgeted sales July budgeted sales $100,000 $200,000 $210,000 $160,000 The amount of cash that will be collected in July is budgeted to be O A. $196,500 O B. $190,500 OC. $134,500 O D. $56,000
Eastern Corporation collects 10% in the second month following sale, 55% in the month following sale and 35% of a month's sales in the month of sale. Budgeted sales for the upcoming four months are: April budgeted sales May budgeted sales June budgeted sales July budgeted sales $100,000 $150,000 $230,000 $180,000 The amount of cash that will be collected in July is budgeted to be
A Company collects 20% of a month’s sales in the month of sale,
70% in the month following sale, and 6% in the second month
following sale. The remainder is uncollectible. Budgeted sales for
the next four months are: Cash collections in April are budgeted to
be:
A) $313,000
B) $292,000
C) $321,000
D) $320,000
Budgeted sales January $200,000 February $300,000 March $350,000 April $250,000
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