Homework Answers
| Schedule of cash receipts | ||||
| Sep | Oct | Nov | Dec | |
| Credit Sales | 55,000 | 45,000 | 40,000 | 65,000 |
| In Month of Sale | 15,750 | 14,000 | 22,750 | |
| One month after sales | 30,250 | 24,750 | 22,000 | |
| Total Cash Receipts | 46,000 | 38,750 | 44,750 | |
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J.Lo's Clothiers has forecast credit sales for the fourth quarter of the year: September $ 55,000...
J. Lo's Clothiers has forecast credit sales for the fourth quarter of the year: September (actual)...
J. Lo's Clothiers has forecast credit sales for the fourth quarter of the year: September (actual) $ 53,000 Fourth Quarter October $ 43,000 November 38,000 December 63,000 Experience has shown that 25 percent of sales are collected in the month of sale, 60 percent are collected in the following month, and 15 percent are never collected. Prepare a schedule of cash receipts for J. Lo's Clothiers covering the fourth quarter (October through December). J. Lo's Clothiers September October November December...
J. Lo’s Clothiers has forecast credit sales for the fourth quarter of the year: September (actual)...
J. Lo’s Clothiers has forecast credit sales for the fourth
quarter of the year:
September (actual) $59,000
Fourth Quarter
October $49,000
November 44,000
December 69,000
Experience has shown that 25 percent of sales are collected in
the month of sale, 65 percent are collected in the following month,
and 10 percent are never collected.
Prepare a schedule of cash receipts for J. Lo’s Clothiers covering
the fourth quarter (October through December).
Experience has shown that 25 percent of sales are...
7 J. Lo's Clothiers has forecast credit sales for the fourth quarter of the year: September...
7 J. Lo's Clothiers has forecast credit sales for the fourth quarter of the year: September (actual) $ 56,000 9.09 points Fourth Quarter October November December $ 46,00e 41,000 66.000 eBook Experience has shown that 40 percent of sales are collected in the month of sale, 50 percent are collected in the following month, and 10 percent are never collected Hint Prepare a schedule of cash receipts for J. Lo's Clothiers covering the fourth quarter (October through December). J. Lo's...
K.Hi Fashion has forecast credit sales for the fourth quarter of the year as: October November...
K.Hi Fashion has forecast credit sales for the fourth quarter of the year as: October November December Fourth Quarter $60,000 $55,000 $80,000 September actual credit sales were $70,0000. Experience has shown that 30 percent of sales are collected in the month of sale, 60 percent in the following month, and 10 percent never collected. Prepare a schedule of cash receipts for K.Hi Clothiers covering the 4th quarter.
Power Ridge Corporation has forecast credit sales for the fourth quarter of the year as follows:...
Power Ridge Corporation has forecast credit sales for the fourth quarter of the year as follows: September $50,000 (actual) Fourth Quarter October 40,000 November 35,000 December 60,000 Experience has shown 20 percent of sales are collected in the month of sale, 70 percent are collected in the following month, and 10 percent are never collected. Prepare a cash receipts schedule for Power Ridge Corporation covering the fourth quarter (October through December). Power Ridge Corporation Cash Receipts Schedule September October November...
Power Ridge Corporation has forecast credit sales for the fourth quarter of the year as follows:...
Power Ridge Corporation has forecast credit sales for the fourth quarter of the year as follows: September (actual Fourth Quarter October November December $58.000 53,000 78,000 Experience has shown 40 percent of sales are collected in the month of sale, 50 percent are collected in the following month, and percent are never collected. Prepare a cash receipts schedule for Power Ridge Corporation covering the fourth quarter (October through December) Power ridge corporation Cash Receipt Schedule September october Sales Collections of...
please help! Galehouse Gas Stations Inc. expects sales to increase from $1,710,000 to $1,910,000 next year....
please help!
Galehouse Gas Stations Inc. expects sales to increase from $1,710,000 to $1,910,000 next year. Galehouse believes that net assets (Assets - Liabilities) will represent 45 percent of sales. His firm has an 8 percent return on sales and pays 20 percent of profits out as dividends. a. What effect will this growth have on funds? The cash balance will b. If the dividend payout is only 15 percent, what effect will this growth have on funds? The cash...
Scottsdale Co. has actual sales for July and August and forecast sales for September October, November,...
Scottsdale Co. has actual sales for July and August and forecast sales for September October, November, and December as follows: $ 98,900 105,200 Actual: July August Forecast September October November December 114,200 94,300 121, 3ee 107,400 Based on past experience, it is estimated that 28% of a month's sales are collected in the month of sale, 49% are collected in the month following the sale, and 6% are collected in the second month following the sale. Required: Calculate the estimated...
Scottsdale Co. has actual sales for July and August and forecast sales for September, October, November,...
Scottsdale Co. has actual sales for July and August and forecast sales for September, October, November, and December as follows: Actual: July $ 97,300 August 105,300 Forecast: September 114,800 October 94,300 November 122,900 December 106,300 Based on past experience, it is estimated that 29% of a month’s sales are collected in the month of sale, 48% are collected in the month following the sale, and 9% are collected in the second month following the sale. Required: Calculate the estimated cash...
Scottsdale Co. has actual sales for July and August and forecast sales for September, October, November,...
Scottsdale Co. has actual sales for July and August and forecast sales for September, October, November, and December as follows: Actual: July $ 97,100 August 105,100 Forecast: September 114,200 October 94,500 November 121,900 December 107,000 Based on past experience, it is estimated that 24% of a month’s sales are collected in the month of sale, 46% are collected in the month following the sale, and 5% are collected in the second month following the sale. Required: Calculate the estimated cash...
J. Lo's Clothiers has forecast credit sales for the fourth quarter of the year: September (actual) $ 53,000 Fourth Quarter October $ 43,000 November 38,000 December 63,000 Experience has shown that 25 percent of sales are collected in the month of sale, 60 percent are collected in the following month, and 15 percent are never collected. Prepare a schedule of cash receipts for J. Lo's Clothiers covering the fourth quarter (October through December). J. Lo's Clothiers September October November December...
J. Lo’s Clothiers has forecast credit sales for the fourth
quarter of the year:
September (actual) $59,000
Fourth Quarter
October $49,000
November 44,000
December 69,000
Experience has shown that 25 percent of sales are collected in
the month of sale, 65 percent are collected in the following month,
and 10 percent are never collected.
Prepare a schedule of cash receipts for J. Lo’s Clothiers covering
the fourth quarter (October through December).
Experience has shown that 25 percent of sales are...
7 J. Lo's Clothiers has forecast credit sales for the fourth quarter of the year: September (actual) $ 56,000 9.09 points Fourth Quarter October November December $ 46,00e 41,000 66.000 eBook Experience has shown that 40 percent of sales are collected in the month of sale, 50 percent are collected in the following month, and 10 percent are never collected Hint Prepare a schedule of cash receipts for J. Lo's Clothiers covering the fourth quarter (October through December). J. Lo's...
K.Hi Fashion has forecast credit sales for the fourth quarter of the year as: October November December Fourth Quarter $60,000 $55,000 $80,000 September actual credit sales were $70,0000. Experience has shown that 30 percent of sales are collected in the month of sale, 60 percent in the following month, and 10 percent never collected. Prepare a schedule of cash receipts for K.Hi Clothiers covering the 4th quarter.
Power Ridge Corporation has forecast credit sales for the fourth quarter of the year as follows: September $50,000 (actual) Fourth Quarter October 40,000 November 35,000 December 60,000 Experience has shown 20 percent of sales are collected in the month of sale, 70 percent are collected in the following month, and 10 percent are never collected. Prepare a cash receipts schedule for Power Ridge Corporation covering the fourth quarter (October through December). Power Ridge Corporation Cash Receipts Schedule September October November...
Power Ridge Corporation has forecast credit sales for the fourth quarter of the year as follows: September (actual Fourth Quarter October November December $58.000 53,000 78,000 Experience has shown 40 percent of sales are collected in the month of sale, 50 percent are collected in the following month, and percent are never collected. Prepare a cash receipts schedule for Power Ridge Corporation covering the fourth quarter (October through December) Power ridge corporation Cash Receipt Schedule September october Sales Collections of...
please help!
Galehouse Gas Stations Inc. expects sales to increase from $1,710,000 to $1,910,000 next year. Galehouse believes that net assets (Assets - Liabilities) will represent 45 percent of sales. His firm has an 8 percent return on sales and pays 20 percent of profits out as dividends. a. What effect will this growth have on funds? The cash balance will b. If the dividend payout is only 15 percent, what effect will this growth have on funds? The cash...
Scottsdale Co. has actual sales for July and August and forecast sales for September October, November, and December as follows: $ 98,900 105,200 Actual: July August Forecast September October November December 114,200 94,300 121, 3ee 107,400 Based on past experience, it is estimated that 28% of a month's sales are collected in the month of sale, 49% are collected in the month following the sale, and 6% are collected in the second month following the sale. Required: Calculate the estimated...
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