Marie's Muffins is a wholesaler that sells baked goods to local restaurants, bakeries, and coffee shops....
Marie's Muffins is a wholesaler that sells baked goods to local restaurants, bakeries, and coffee shops. All their sales are on account and the estimate that following sales figures for the next 3 months:
| April | $6,200 |
| May | $7,000 |
| June | $6,800 |
Marie's Muffins has the following collection pattern for their sales: 70% in month of sales, 20% in month after sales 5% in second month after sale, 5% uncollectable. What are Marie's budgeted cash receipts for June?
Homework Answers
| Collection from June sales (6,800*70%) | 4760 |
| Collection from May sales (7,000*20%) | 1400 |
| Collection from April sales (6,200*5%) | 310 |
| Cash collection in June | 6470 |
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Marie's Muffins is a wholesaler that sells baked goods to local
restaurants, bakeries, and coffee shops....
Boston Muffins sells its muffins to restaurants and coffee houses for an average selling price of...
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houses for an average selling price of $26 per case. The following
information relates to the budget for Chocolate
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otherwise noted):
(Click the icon to view the budget information.)
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10.7 Hampton Muffins sells its muffins to restaurants and coffee houses for an average selling price...
10.7
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Question Help E10-26A (similar to) Boston Muffins sells its muffins to restaurants and coffee houses for...
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Prepare a flexible budget performance report (Learning Objective 5) Main Street Muffins sells its muffins to...
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Main Street Muffins sols its m ins to restaurants and coffee houses for an average selling...
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information relates to the budget for Sweet Muffins for this year
(all figures are annual totals unless otherwise noted):
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houses for an average selling price of $26 per case. The following
information relates to the budget for Chocolate
Muffins for this year (all figures are annual totals unless
otherwise noted):
(Click the icon to view the budget information.)
During the year, Chocolate Muffins actually sold 7,900 cases,
resulting in total sales revenue of $213,400.
Actual expenses (in total) from this year are as follows:
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10.7
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