ZuoTi.Pro
Question

zz, Inc. has budgeted sales in units for the next six months as follows: July August September October November December Budg
business   accounting   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

Total expected cash collections in October = $ 162,334

Note:

July August September october
Sales   Units 4,400 7,200 6,900 8,600
Selling Price Per Unit 23 23 23 23
Total Sales ( Units * Price) 1,01,200 1,65,600 1,58,700 1,97,800
Cash Collections :
11% in month of sale 11,132 18,216 17,457 21,758
24% in first month after sale -    24,288 39,744 38,088
57% in second month after sale -    -    57,684 94,392
8% in third month after sale -    -    -    8,096
Cash Collections 11,132 42,504 1,14,885 1,62,334
0 0
Add a comment
Know the answer?
Add Answer to:
zz, Inc. has budgeted sales in units for the next six months as follows: July August...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • Zz, Inc. has budgeted sales in units for the next six months as follows: July August...

    Zz, Inc. has budgeted sales in units for the next six months as follows: July August September October November December Budgeted Sales in Units 4,400 units 7,200 units 6,900 units 8,600 units ????? units 7,900 units All sales are made on account. The selling price is $23 per unit. The sales are collected in the pattern 11% in the month of sale, 24% in the month following sale, 57% in the second month following sale, and the final 8% is...

  • zz, Inc. has budgeted sales in units for the next six months as follows: Budgeted Sales...

    zz, Inc. has budgeted sales in units for the next six months as follows: Budgeted Sales in Units July 4,400 units 7,200 units August September 6,900 units October 8,600 units ????? units November December 7,900 units All sales are made on account. The selling price is $23 per unit. The sales are collected in the pattern 11% in the month of sale, 24% in the month following sale, 57% in the second month following sale, and the final 8% is...

  • Question 1 4 pts zz, Inc. has budgeted sales in units for the next six months...

    Question 1 4 pts zz, Inc. has budgeted sales in units for the next six months as follows: Budgeted Sales in Units July August September 4,400 units 7,200 units 6,900 units October 8,600 units November ????? units December 7,900 units All sales are made on account. The selling p rice is $23 per unit. The sales are collected in the pattern 11% in th e month of sale, 24% in the month following sale, 57% in the second month following...

  • Question 2 4.5 pts Zz, Inc. has budgeted sales in units for the next six months...

    Question 2 4.5 pts Zz, Inc. has budgeted sales in units for the next six months as follows: July August September October November December Budgeted Sales in Units 4,400 units 7,200 units 6,900 units 8,600 units ????? units 7,900 units All sales are made on account. The selling p rice is $23 per unit. The sales are collected in the pattern 11% in th e month of sale, 24% in the month following sale, 57% in the second month following...

  • ZZ, Inc. has budgeted sales in units for the next six months as follows: Budgeted Sales...

    ZZ, Inc. has budgeted sales in units for the next six months as follows: Budgeted Sales in Units July 7,700 units August 8,300 units September 5,400 units October 10,200 units November ?????? units December 11,700 units The selling price is $18 per unit. 30% of the company's sales are cash sales and 70% of the company's sales are made on account. The sales on account are collected in the pattern 15% in the month of sale, 20% in the month...

  • Harden, Inc., has budgeted sales in units for the next five months as follows: June July...

    Harden, Inc., has budgeted sales in units for the next five months as follows: June July August September October 8,200 units 6,500 units 8,300 units 8,000 units 6,100 units Past experience has shown that the ending inventory for each month should be equal to 15% of the next month's sales in units. The inventory on May 31 contained 1,230 units. The company needs to prepare a production budget for the next five months. The beginning inventory for September should be:...

  • Fiscal Company has the following sales budget for the last six months of 2020: July                   $100,000        &

    Fiscal Company has the following sales budget for the last six months of 2020: July                   $100,000                          August                 80,000                           September       110,000                           October               90,000 November        100,000 December           94,000 Historically, the cash collection of sales has been as follows: 65 percent of sales collected in month of sale, 25 percent of sales collected in month following sale, 8 percent of sales collected in second month following sale, and 2 percent of sales are uncollectible. Prepare a schedule of cash collections for October, November, and December of 2020. Make sure...

  • Roberts Enterprises has budgeted sales in units for the next five months as follows: June July...

    Roberts Enterprises has budgeted sales in units for the next five months as follows: June July August September October 4,600 units 7,600 units 5,400 units 6,900 units 3,800 units Past experience has shown that the ending inventory for each month must be equal to 20% of the next month's sales in units. The inventory on May 31 contained 920 units. The company needs to prepare a production budget for the second quarter of the year. The total number of units...

  • Copper Corporation has the following sales budget for the last six months of 2016: July $200,000...

    Copper Corporation has the following sales budget for the last six months of 2016: July $200,000 October $180,000 August 160,000 November 200,000 September 220,000 December 188,000 Historically, the cash collection of sales has been as follows: 65 percent of sales collected in month of sale, 25 percent of sales collected in month following sale, 8 percent of sales collected in second month following sale, and 2 percent of sales is uncollectable. Cash collections for September are $199,000. $240,000. $204,000. $161,400....

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT