Homework Answers
Answer: The correct answer is D i.e. $113,000
Cash Collections in March = March Sales Collected in March +
February Sales Collected in March + January Sales Collected in
March
Cash Collections in March = $110,000 * 30% + $120,000 * 60% +
$100,000 * 8%
Cash Collection in March = $33,000 + $72,000 + $8,000
Cash Collection In March = $113,000
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5. April Company makes collections on sales according to the following schedule: -30 % in the...
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The BRS Corporation makes collections on sales according to the following schedule: 35% in month of...
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Problem #2 (show your work!!): 1. Avril Company makes collections on sales according to the following...
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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
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
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
1a) The WRT Corporation makes collections on sales according to the following schedule: 35% in month...
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Exercise 8-1 Schedule of Expected Cash Collections (LO8-2) Silver Company makes a product that is very popular as a Mother's Day gift. Thus, peak sales occur in May of each year, as shown in the company's sales budget for the second quarter given below: Budgeted sales (all on account) April $350,000 May $530,000 June $210,000 Total $1,070,000 From past experience, the company has learned that 25% of a month's sales are collected in the month of sale, another 60% are...
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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
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
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