Homework Answers
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Budgeted collection in July = July sales (160,000*35%) + June sales (210,000*45%) + May sales (200,000*20%) = 56,000 + 94,500 + 40,000 = 190,500 Option B is the answer |
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Distribution Corporation collects 35% of a month's sales in the month of sale, 45% in the...
Distribution Corporation collects 60% of a month's sales in the month of sale, 35% in the...
Distribution Corporation collects 60% of a month's sales in the month of sale, 35% in the month following sale, and 5% in the second month following sale. Budgeted sales for the upcoming four months are: April budgeted sales May budgeted sales June budgeted sales July budgeted sales $140,000 $120,000 $230,000 $200,000 The amount of cash that will be collected in July is budgeted to be O A. OB. Oc. OD. $206,500 $120,000 $86,500 $162,500 Click to select your answer
Distribution Corporation collects 60% of a month's sales in the month of sale, 35% in the...
Distribution Corporation collects 60% of a month's sales in the month of sale, 35% in the month following sale, and 5% in the second month following sale. Budgeted sales for the upcoming four months are: April budgeted sales $100.000 May budgeted sales $170,000 June budgeted sales $260,000 July budgeted sales $230,000 The amount of cash that will be collected in July is budgeted to be O A. $138,000 O B. $237,500 OC. $204,500 OD. $99,500
Natcher Corporation collects 35% of a month's sales in the month of sale, 40% in the...
Natcher Corporation collects 35% of a month's sales in the month of sale, 40% in the month following sale, and 20% in the second month following sale. The company has found that 5% of their sales are uncollectible. Budgeted sales for the upcoming four months are: August budgeted sales September budgeted sales October budgeted sales November budgeted sales $340,000 $350,000 $360,000 $250,000 The amount of cash that will be collected in November is budgeted to be O A. $301,500 O...
Eastern Corporation collects 10% in the second month following sale, 55% in the month following sale...
Eastern Corporation collects 10% in the second month following sale, 55% in the month following sale and 35% of a month's sales in the month of sale. Budgeted sales for the upcoming four months are: April budgeted sales May budgeted sales June budgeted sales July budgeted sales $100,000 $150,000 $230,000 $180,000 The amount of cash that will be collected in July is budgeted to be
Question 15 0.25 points Save Answer Natcher Corporation collects 45% of a month's sales in the month of sale, 40% in th...
Question 15 0.25 points Save Answer Natcher Corporation collects 45% of a month's sales in the month of sale, 40% in the month following sale, and 15% in the second month following sale. The company has found that 5% of their sales are uncollectible. Budgeted sales for the upcoming four months are: August budgeted sales September budgeted sales October budgeted sales November budgeted sales $280,000 $320,000 $400,000 $230,000 The amount of cash that will be collected in November is budgeted...
Hatcher Corporation collects 60% of a month's sales in the month of sale, 30% in the...
Hatcher Corporation collects 60% of a month's sales in the month of sale, 30% in the month following, sale, 39 in the second month following sale. The company has found that 5% of their sales are uncollectible. Budgeted sales for the upcoming four months are: $310.000 August budected sales September budgeted sales October budected sales November budgeted sales $230,000 What is the amount of cash budgeted to be collected in November?
Sharon Corporation collects 10% in the second month following sale, 40% in the month following sale and 40% of a mo...
Sharon Corporation collects 10% in the second month following sale, 40% in the month following sale and 40% of a month's sales in the month of sale. The company has found that 10% of their sales are uncollectible. Budgeted sales for the upcoming four months are: August budgeted sales September budgeted sales October budgeted sales November budgeted sales $350,000 $260.000 $400.000 $220,000 The amount of cash that will be collected in November is budgeted to be O A. $198,000 OB....
A Company collects 20% of a month’s sales in the month of sale, 70% in the...
A Company collects 20% of a month’s sales in the month of sale,
70% in the month following sale, and 6% in the second month
following sale. The remainder is uncollectible. Budgeted sales for
the next four months are: Cash collections in April are budgeted to
be:
A) $313,000
B) $292,000
C) $321,000
D) $320,000
Budgeted sales January $200,000 February $300,000 March $350,000 April $250,000
Wallace Publishers Inc. collects 55% of its sales on account in the month of the sale and 45% in the month following the...
Wallace Publishers Inc. collects 55% of its sales on account in the month of the sale and 45% in the month following the sale. If sales on account are budgeted to be $464,000 for April and $529,000 for May, what are the budgeted cash receipts from sales on account for May?
The BRS Corporation makes collections on sales according to the following schedule: 45% in month of...
The BRS Corporation makes collections on sales according to the following schedule: 45% in month of sale 48% in month following sale 7% in second month following sale The following sales have been budgeted: Sales April $ 120,000 May $ 100,000 June $ 140,000 Budgeted cash collections in June would be: Multiple Choice $119,400 $140,000 $140,840 $111,000
Distribution Corporation collects 60% of a month's sales in the month of sale, 35% in the month following sale, and 5% in the second month following sale. Budgeted sales for the upcoming four months are: April budgeted sales May budgeted sales June budgeted sales July budgeted sales $140,000 $120,000 $230,000 $200,000 The amount of cash that will be collected in July is budgeted to be O A. OB. Oc. OD. $206,500 $120,000 $86,500 $162,500 Click to select your answer
Distribution Corporation collects 60% of a month's sales in the month of sale, 35% in the month following sale, and 5% in the second month following sale. Budgeted sales for the upcoming four months are: April budgeted sales $100.000 May budgeted sales $170,000 June budgeted sales $260,000 July budgeted sales $230,000 The amount of cash that will be collected in July is budgeted to be O A. $138,000 O B. $237,500 OC. $204,500 OD. $99,500
Natcher Corporation collects 35% of a month's sales in the month of sale, 40% in the month following sale, and 20% in the second month following sale. The company has found that 5% of their sales are uncollectible. Budgeted sales for the upcoming four months are: August budgeted sales September budgeted sales October budgeted sales November budgeted sales $340,000 $350,000 $360,000 $250,000 The amount of cash that will be collected in November is budgeted to be O A. $301,500 O...
Eastern Corporation collects 10% in the second month following sale, 55% in the month following sale and 35% of a month's sales in the month of sale. Budgeted sales for the upcoming four months are: April budgeted sales May budgeted sales June budgeted sales July budgeted sales $100,000 $150,000 $230,000 $180,000 The amount of cash that will be collected in July is budgeted to be
Question 15 0.25 points Save Answer Natcher Corporation collects 45% of a month's sales in the month of sale, 40% in the month following sale, and 15% in the second month following sale. The company has found that 5% of their sales are uncollectible. Budgeted sales for the upcoming four months are: August budgeted sales September budgeted sales October budgeted sales November budgeted sales $280,000 $320,000 $400,000 $230,000 The amount of cash that will be collected in November is budgeted...
Hatcher Corporation collects 60% of a month's sales in the month of sale, 30% in the month following, sale, 39 in the second month following sale. The company has found that 5% of their sales are uncollectible. Budgeted sales for the upcoming four months are: $310.000 August budected sales September budgeted sales October budected sales November budgeted sales $230,000 What is the amount of cash budgeted to be collected in November?
Sharon Corporation collects 10% in the second month following sale, 40% in the month following sale and 40% of a month's sales in the month of sale. The company has found that 10% of their sales are uncollectible. Budgeted sales for the upcoming four months are: August budgeted sales September budgeted sales October budgeted sales November budgeted sales $350,000 $260.000 $400.000 $220,000 The amount of cash that will be collected in November is budgeted to be O A. $198,000 OB....
A Company collects 20% of a month’s sales in the month of sale,
70% in the month following sale, and 6% in the second month
following sale. The remainder is uncollectible. Budgeted sales for
the next four months are: Cash collections in April are budgeted to
be:
A) $313,000
B) $292,000
C) $321,000
D) $320,000
Budgeted sales January $200,000 February $300,000 March $350,000 April $250,000
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