Homework Answers
Ans:
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Fielding Corporation |
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Cash collection budget |
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For the month of January through march |
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|
January |
February |
March |
Quarter |
|
|
Cash sales |
$ 72,000.00 |
$ 48,000.00 |
$ 74,000.00 |
$ 194,000.00 |
|
Collection on credit sales |
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25% Month of sale |
$ 27,000.00 |
$ 18,000.00 |
$ 27,750.00 |
$ 72,750.00 |
|
50% Month after |
$ 34,500.00 |
$ 54,000.00 |
$ 36,000.00 |
$ 124,500.00 |
|
16% Two months after |
$ 8,160.00 |
$ 11,040.00 |
$ 17,280.00 |
$ 36,480.00 |
|
Total Cash collections |
$ 141,660.00 |
$ 131,040.00 |
$ 155030.00 |
$ 427,730.00 |
Working
|
November |
December |
January |
February |
March |
|
|
Sales |
$ 85,000.00 |
$ 115,000.00 |
$ 180,000.00 |
$ 120,000.00 |
$ 185,000.00 |
|
Cash sales |
$ 34,000.00 |
$ 46,000.00 |
$ 72,000.00 |
$ 48,000.00 |
$ 74,000.00 |
|
Credit sales |
$ 51,000.00 |
$ 69,000.00 |
$ 108,000.00 |
$ 72,000.00 |
$ 111,000.00 |
Add Answer to:
Fielding Corporation has found that 80% of its sales in any given month are credit sales,...
Fielding Corporation has found that 60% of its sales in November sales for last year were...
Fielding Corporation has found that 60% of its sales in November sales for last year were $105,000, while any given month are credit sales, while the remainder December sales were $120,000. Projected sales are cash sales. Of the credit sales, Fielding Corporation has experienced the following collection pattern: the next three months are as follows January sales.. $ 150,000 ...$ 125,000 S 180,000 February sales March sales 25% received in the month of the sale 50% received in the month...
Monette Corporation has found that 80% of its sales in any given month are credit sales,...
Monette Corporation has found that 80% of its sales in any given month are credit sales, while the remainder are cash sales. Of the credit sales, Monette Corporation has experienced the following collection pattern: 25% received in the month of the sale 50% received in the month after the sale 22% received two months after the sale 3% of the credit sales are never received November sales for last year were $85,000, while December sales were $115,000. Projected sales for...
Monachino Corporation has found that 70% of its sales in any given month are credit sales,...
Monachino Corporation has found that 70% of its sales in any given month are credit sales, while the remainder are cash sales. Of the credit sales, Monachino Corporation has experienced the following collection pattern: November sales for last year were $105,000, while December sales were $125,000. Projected sales for the next three months are as follows: 170,000 25% received in the month of the sale January.sales..... . . . . . . . . . $ February.sales...............$ 135,000 50% received...
Alderman Corporation has found that 80% of its sales in any given month are credit sales, while the remainderare ca...
Alderman Corporation has found that 80% of its sales in any given month are credit sales, while the remainderare cash sales of the credit sales, Alderman Corporation has experienced the following collection pattern November sales for last year were $100,000, while December sales were $120,000. Projected sales for the next three months are as follows S January sales February sales March sales 150.000 125.000 165,000 $ 25% received in the month of the sale 50% received in the month after...
Samson Corporation has found that 70% of its sales in any given month are credit sales,...
Samson Corporation has found that 70% of its sales in any given month are credit sales, while the remainder are cash sales. Of the credit sales, Samson Corporation has experienced the following collection pattern: November sales for last year were $110,000, while December sales were $115,000. Projected sales for the next three months are as follows: 20% received in the month of the sale 40% received in the month after the sale 25% received two months after the sale 15%...
The months of January, February, March Monachino Corporation has found that 70% of its sales in...
The months of January, February, March
Monachino Corporation has found that 70% of its sales in any given month are credit sales, while the remainder are cash sales. Of the credit sales, Monachino Corporation has experienced the following collection pattern: November sales for last year were $100,000, while December sales were $115,000. Projected sales for the next three months are as follows: 25% received in the month of the sale 50% received in the month after the sale 18% received...
E9-28A (similar to) Question Help November sales for last year were $100,000, while December sales were $110,000. P...
E9-28A (similar to) Question Help November sales for last year were $100,000, while December sales were $110,000. Projected sales for the next three months are as follows: Moraching Corporabon has found at of sales in any given month are credit sales, while the remainder are cash sales of the credit sales, Monachino Corporation has experienced the following collection pattern: 25% received in the month of the sale 50% received in the month after the sale 15% received two months after...
experienced the following collec aber Corporation Learning was found that bectve 3) t all my en...
experienced the following collec aber Corporation Learning was found that bectve 3) t all my en moet wee s , while the we es of the creates the 25% received in the month of the sale 50% received in the month after the sale 18% received two months after the sale 7% of the credit sales are never received November sales for last year were $85,000, while December sales were $120,000. Projected sales for the next three months was follows....
7 of 12 (0 complete) HW Score: 0%, 0 of 20 pts Score: 0 of 1...
7 of 12 (0 complete) HW Score: 0%, 0 of 20 pts Score: 0 of 1 pt E9-28A (book/static) Question Help Holiday Corporation has found that 60% of its sales in any given month are credit sales, while the remainder are cash sales. Of the credit sales, Holiday Corporation has experienced the following collection patter: November sales for last year were $90,000, while December sales were $115,000. Projected sales for the next three months are as follows: 25% received in...
Having trouble getting month after and two months after please show work so I can learn if possible! Bentfield Corporat...
Having trouble getting month after and two months after please
show work so I can learn if possible!
Bentfield Corporation has found that 70 % of its sales in any glven month are credit sales, while the remainder are cash Bales. Of the credit sales, Bentfield Corporation has experienced the following collection pattem November sales for last year were $110,000, while December sales were $115,000. Projected sales for the next three months are as follows: 150,000 January sales. 25% received...
Fielding Corporation has found that 60% of its sales in November sales for last year were $105,000, while any given month are credit sales, while the remainder December sales were $120,000. Projected sales are cash sales. Of the credit sales, Fielding Corporation has experienced the following collection pattern: the next three months are as follows January sales.. $ 150,000 ...$ 125,000 S 180,000 February sales March sales 25% received in the month of the sale 50% received in the month...
Monette Corporation has found that 80% of its sales in any given month are credit sales, while the remainder are cash sales. Of the credit sales, Monette Corporation has experienced the following collection pattern: 25% received in the month of the sale 50% received in the month after the sale 22% received two months after the sale 3% of the credit sales are never received November sales for last year were $85,000, while December sales were $115,000. Projected sales for...
Monachino Corporation has found that 70% of its sales in any given month are credit sales, while the remainder are cash sales. Of the credit sales, Monachino Corporation has experienced the following collection pattern: November sales for last year were $105,000, while December sales were $125,000. Projected sales for the next three months are as follows: 170,000 25% received in the month of the sale January.sales..... . . . . . . . . . $ February.sales...............$ 135,000 50% received...
Alderman Corporation has found that 80% of its sales in any given month are credit sales, while the remainderare cash sales of the credit sales, Alderman Corporation has experienced the following collection pattern November sales for last year were $100,000, while December sales were $120,000. Projected sales for the next three months are as follows S January sales February sales March sales 150.000 125.000 165,000 $ 25% received in the month of the sale 50% received in the month after...
Samson Corporation has found that 70% of its sales in any given month are credit sales, while the remainder are cash sales. Of the credit sales, Samson Corporation has experienced the following collection pattern: November sales for last year were $110,000, while December sales were $115,000. Projected sales for the next three months are as follows: 20% received in the month of the sale 40% received in the month after the sale 25% received two months after the sale 15%...
The months of January, February, March
Monachino Corporation has found that 70% of its sales in any given month are credit sales, while the remainder are cash sales. Of the credit sales, Monachino Corporation has experienced the following collection pattern: November sales for last year were $100,000, while December sales were $115,000. Projected sales for the next three months are as follows: 25% received in the month of the sale 50% received in the month after the sale 18% received...
E9-28A (similar to) Question Help November sales for last year were $100,000, while December sales were $110,000. Projected sales for the next three months are as follows: Moraching Corporabon has found at of sales in any given month are credit sales, while the remainder are cash sales of the credit sales, Monachino Corporation has experienced the following collection pattern: 25% received in the month of the sale 50% received in the month after the sale 15% received two months after...
experienced the following collec aber Corporation Learning was found that bectve 3) t all my en moet wee s , while the we es of the creates the 25% received in the month of the sale 50% received in the month after the sale 18% received two months after the sale 7% of the credit sales are never received November sales for last year were $85,000, while December sales were $120,000. Projected sales for the next three months was follows....
7 of 12 (0 complete) HW Score: 0%, 0 of 20 pts Score: 0 of 1 pt E9-28A (book/static) Question Help Holiday Corporation has found that 60% of its sales in any given month are credit sales, while the remainder are cash sales. Of the credit sales, Holiday Corporation has experienced the following collection patter: November sales for last year were $90,000, while December sales were $115,000. Projected sales for the next three months are as follows: 25% received in...
Having trouble getting month after and two months after please
show work so I can learn if possible!
Bentfield Corporation has found that 70 % of its sales in any glven month are credit sales, while the remainder are cash Bales. Of the credit sales, Bentfield Corporation has experienced the following collection pattem November sales for last year were $110,000, while December sales were $115,000. Projected sales for the next three months are as follows: 150,000 January sales. 25% received...
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