Homework Answers
| Calculation of total cash receipt during april | |||
| cash sale (44000*30%) | 13200 | ||
| credit sale | |||
| on the month (44000*70%*25%) | 7700 | ||
| on following month (31000*70%*70%) | 15190 | ||
| total cash collection in april | 36090 | ||
| Option " $36090 " is CORRECT | |||
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Month January February March April Sales $22,000 $26,000 $31,000 $44,000 The company expects 70% of its...
Benton Company's sales budget shows the following expected total sales. Help Save Sum Month January February...
Benton Company's sales budget shows the following expected total sales. Help Save Sum Month January February March April Sales $22,000 $26,000 $31,000 $44,000 The company expects 70% of its sales to be on account credit sales). Credit sales are collected as follows: 25% in the month of sale. 70% in the month following the sale with the remainder being uncollectible and written of The total cash receipts during April would be Multiple Choice O $25,200 0 0 $23.925 0 $36.090
Dayton has forecast sales to be $212,000 in February, $276,000 in March, $297,000 in April, and...
Dayton has forecast sales to be $212,000 in February, $276,000 in March, $297,000 in April, and $315,000 in May. The average cost of goods sold is 60% of sales. All sales are made on credit and sales are collected 55% in the month of sale, 30% the month following and the remainder two months after the sale. What are budgeted cash receipts in May? Multiple Choice O $172,200 $303,750 O $184,950 $252.450
Shown below are the expected sales for ABC Company: January February March April Sales for Cash...
Shown below are the expected sales for ABC Company: January February March April Sales for Cash $22,000 $19,000 $26,000 $21,000 Sales on Account $118,000 $146,000 $133,000 $127,000 On average, 65% of the sales on account are collected in the month of sale, 27% are collected in the month following sale, and the remaining 8% are collected two months after the month of sale. Calculate ABC Company's budgeted accounts receivable at April 30.
Dayton has forecast sales to be $205,000 in February, $276,000 in March. $295,000 in April, and...
Dayton has forecast sales to be $205,000 in February, $276,000 in March. $295,000 in April, and $319,000 in May. The average cost of goods sold is 60% of sales All sales are made on credit and sales are collected 55% in the month of sale, 30% the month following and the remainder two months after the sale. What are budgeted cash receipts in May? Multiple Choice Ο Ο 5305,350 Ο O S170,050 Ο Ο 5182,000 Ο Ο 5250.300
Esquire Products Inc. expects the following monthly sales: January $ 31,000 July $ 25,000 February 22,000...
Esquire Products Inc. expects the following monthly sales: January $ 31,000 July $ 25,000 February 22,000 August 29,000 March 15,000 September 32,000 April 17,000 October 37,000 May 11,000 November 45,000 June 9,000 December 27,000 Total sales = $300,000 Cash sales are 40 percent in a given month, with the remainder going into accounts receivable. All receivables are collected in the month following the sale. Esquire sells all of its goods for $2 each and produces them for $1 each. Esquire...
Compton Company expects the following total sales: Month Sales March $20,000 $10,000 $34,000 $15,000 April May...
Compton Company expects the following total sales: Month Sales March $20,000 $10,000 $34,000 $15,000 April May June The company expects 70 % of its sales to be credit sales and 30 % for cash. Credit sales are collected as follows: 25% in the month of sale, 75 % in the month following the sale. The budgeted accounts receivable balance on May 31 is: Multiple Choice $16,450. $17,850 $13,950. $25,500.
The following credit sales are budgeted by ELO Company January 551000 February $75.000 March $505.000 April...
The following credit sales are budgeted by ELO Company January 551000 February $75.000 March $505.000 April $90.000 The company's past experience indicates that 70% of the accounts receivable are collected in the month of 205 month following the sale and in the second month following the sale. The anticipated cash inflow for the month of Aprilis M Choice
The following credit sales are budgeted by Swifty Electronics: January $123500 February 119900 March 134400 April...
The following credit sales are budgeted by Swifty Electronics: January $123500 February 119900 March 134400 April 141000 May 141200 The company's past experience indicates that 45% of the accounts receivable are collected in the month of sale, 35% in the month following the sale, and 19% in the second month following the sale. 1 percent are uncollectible. How much does the company anticipate as cash receipts for March? $133056 $125910 $136658 $123076
Kaspar Industries expects credit sales for January, February, and March to be $210,900, $266,000, and $311,900,...
Kaspar Industries expects
credit sales for January, February, and March to be $210,900,
$266,000, and $311,900, respectively. It is expected that 75% of
the sales will be collected in the month of sale, and 25% will be
collected in the following month. Compute cash collections from
customers for each month.
Question 4 --/1 View Policies Current Attempt in Progress Kaspar Industries expects credit sales for January, February, and March to be $210,900, $266,000, and $311,900, respectively. It is expected that...
A) Need help with this chart B) Find March credit sales, collection of March sales in...
A) Need help with this chart
B) Find March credit sales, collection of March sales in
April
Accounts Receivable balance, March 31: March-Credit sales, collection of March sales in April Marcel Company projects the following sales for the first three months of the year: $12,600 in January: $10,200 in February; and $11,100 in March. The company expects 70% of the sales to be cash and the remainder on account. Sales on account are collected 50% in the month of the...
Benton Company's sales budget shows the following expected total sales. Help Save Sum Month January February March April Sales $22,000 $26,000 $31,000 $44,000 The company expects 70% of its sales to be on account credit sales). Credit sales are collected as follows: 25% in the month of sale. 70% in the month following the sale with the remainder being uncollectible and written of The total cash receipts during April would be Multiple Choice O $25,200 0 0 $23.925 0 $36.090
Dayton has forecast sales to be $212,000 in February, $276,000 in March, $297,000 in April, and $315,000 in May. The average cost of goods sold is 60% of sales. All sales are made on credit and sales are collected 55% in the month of sale, 30% the month following and the remainder two months after the sale. What are budgeted cash receipts in May? Multiple Choice O $172,200 $303,750 O $184,950 $252.450
Shown below are the expected sales for ABC Company: January February March April Sales for Cash $22,000 $19,000 $26,000 $21,000 Sales on Account $118,000 $146,000 $133,000 $127,000 On average, 65% of the sales on account are collected in the month of sale, 27% are collected in the month following sale, and the remaining 8% are collected two months after the month of sale. Calculate ABC Company's budgeted accounts receivable at April 30.
Dayton has forecast sales to be $205,000 in February, $276,000 in March. $295,000 in April, and $319,000 in May. The average cost of goods sold is 60% of sales All sales are made on credit and sales are collected 55% in the month of sale, 30% the month following and the remainder two months after the sale. What are budgeted cash receipts in May? Multiple Choice Ο Ο 5305,350 Ο O S170,050 Ο Ο 5182,000 Ο Ο 5250.300
Compton Company expects the following total sales: Month Sales March $20,000 $10,000 $34,000 $15,000 April May June The company expects 70 % of its sales to be credit sales and 30 % for cash. Credit sales are collected as follows: 25% in the month of sale, 75 % in the month following the sale. The budgeted accounts receivable balance on May 31 is: Multiple Choice $16,450. $17,850 $13,950. $25,500.
The following credit sales are budgeted by ELO Company January 551000 February $75.000 March $505.000 April $90.000 The company's past experience indicates that 70% of the accounts receivable are collected in the month of 205 month following the sale and in the second month following the sale. The anticipated cash inflow for the month of Aprilis M Choice
Kaspar Industries expects
credit sales for January, February, and March to be $210,900,
$266,000, and $311,900, respectively. It is expected that 75% of
the sales will be collected in the month of sale, and 25% will be
collected in the following month. Compute cash collections from
customers for each month.
Question 4 --/1 View Policies Current Attempt in Progress Kaspar Industries expects credit sales for January, February, and March to be $210,900, $266,000, and $311,900, respectively. It is expected that...
A) Need help with this chart
B) Find March credit sales, collection of March sales in
April
Accounts Receivable balance, March 31: March-Credit sales, collection of March sales in April Marcel Company projects the following sales for the first three months of the year: $12,600 in January: $10,200 in February; and $11,100 in March. The company expects 70% of the sales to be cash and the remainder on account. Sales on account are collected 50% in the month of the...
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