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All of Porter Corporation's sales are on account. Seventy percent of the credit sales are collected...
Seventy percent of Pluto Corporation's sales are collected in the month of sale, 20% in the...
Seventy percent of Pluto Corporation's sales are collected in the month of sale, 20% in the month following sale, and 10% in the second month following sale. All sales are on account. The following are budgeted sales data for the company: January February March April Budgeted sales $200,000 $300,000 $350,000 $250,000 Total budgeted cash collections in April would be:
15. Parker Company's sales are 50% in cash and 50% on credit. Seventy percent of the...
15. Parker Company's sales are 50% in cash and 50% on credit. Seventy percent of the credit sales are collected in the month of sale, 20% in the month following sale, and 5% in the second month following sale. The remainder is uncollectible. The following are budgeted sales data: September October November December Total sales $50,000 $70,000 $60,000 $80,000 Total cash receipts in December would be budgeted to be: A) $28,000. B) $68,000 C) $75,750. D) $83,500.
those credit sales: 60% are collected in the month of the sale, 30% in the month...
those credit sales: 60% are collected in the month of the sale, 30% in the month following the sale, and 10% in the second month following the sale. The table below gives the budgeted sales data for the four months shown. January February March April Total sales $700,000 $500,000 $400,000 $600,000 Cash receipts in April are expected to be: Multiple Choice o $530,000 O $260.000 Saved Hel Multiple Choice o $530,000 o $360,000 o $460,000 o $410,000
The following credit sales are budgeted by Swifty Electronics: January $123500 February 119900 March 134400 April...
The following credit sales are budgeted by Swifty Electronics: January $123500 February 119900 March 134400 April 141000 May 141200 The company's past experience indicates that 45% of the accounts receivable are collected in the month of sale, 35% in the month following the sale, and 19% in the second month following the sale. 1 percent are uncollectible. How much does the company anticipate as cash receipts for March? $133056 $125910 $136658 $123076
Simpson Glove Company has made the following sales projections for the next six months. All sales...
Simpson Glove Company has made the following sales projections for the next six months. All sales are credit sales. March April May $41,000 June 50,000 July 32,000 August $47,000 58,000 62,000 Sales in January and February were $41,000 and $39,000, respectively. Experience has shown that of total sales receipts 10 percent are uncollectible, 40 percent are collected in the month of sale, 30 percent are collected in the following month, and 20 percent are collected two months after sale. Prepare...
A) Need help with this chart B) Find March credit sales, collection of March sales in...
A) Need help with this chart
B) Find March credit sales, collection of March sales in
April
Accounts Receivable balance, March 31: March-Credit sales, collection of March sales in April Marcel Company projects the following sales for the first three months of the year: $12,600 in January: $10,200 in February; and $11,100 in March. The company expects 70% of the sales to be cash and the remainder on account. Sales on account are collected 50% in the month of the...
Laura's Decor Stores made the following sales projection for the next six months. All sales are...
Laura's Decor Stores made the following sales projection for the
next six months. All sales are credit sales.
march 38,000
April 44,000
may 33,000
june 42,000
july 50,000
august 52,000
sales in january and february were $41,000 and $40,000
respectively
experience has shown that total sales, 10% are uncollectible,
35% are collected in the month of sale, 45 percent are collected in
the following month and 10 percent are collected two months after
sale.
a) prepare a monthly cash receipts...
Ed’s Waterbeds has made the following sales projections for the next six months. All sales are...
Ed’s Waterbeds has made the following sales projections for the next six months. All sales are credit sales. March $ 32,000 June $ 36,000 April 38,000 July 44,000 May 27,000 August 46,000 Sales in January and February were $35,000 and $34,000 respectively. Experience has shown that 10 percent of total sales are uncollectible, 30 percent are collected in the month of sale, 40 percent are collected in the following month, and 20 percent are collected two months after sale. a....
Altuvie y Bregman sells only on credit to customers, no cash sales. You have been given...
Altuvie y Bregman sells only on credit to customers, no cash sales. You have been given the following information regarding the collection of those credit sales: 60% are collected in the month of the sale, 30% in the month following the sale, and 10% in the second month following the sale. The table below gives the budgeted sales data for the four months shown Total sales January February March April $700,000 $500,000 $400,000 $600,000 Cash receipts in April are expected...
Cash Collection
All of Gaylord Corporation's sales are on account. Fourty percent of the sales on account are collected in the month of sale, fifty percent in the month following sale, and the remainder are collected in the second month following sale. The following are budgeted sales data for the company:JanuaryFebruaryMarchAprilTotal sales$50,000$60,000$40,000$30,000What is the amount of cash that should be collected in March?24,000$37,000$41,000$51,000
15. Parker Company's sales are 50% in cash and 50% on credit. Seventy percent of the credit sales are collected in the month of sale, 20% in the month following sale, and 5% in the second month following sale. The remainder is uncollectible. The following are budgeted sales data: September October November December Total sales $50,000 $70,000 $60,000 $80,000 Total cash receipts in December would be budgeted to be: A) $28,000. B) $68,000 C) $75,750. D) $83,500.
those credit sales: 60% are collected in the month of the sale, 30% in the month following the sale, and 10% in the second month following the sale. The table below gives the budgeted sales data for the four months shown. January February March April Total sales $700,000 $500,000 $400,000 $600,000 Cash receipts in April are expected to be: Multiple Choice o $530,000 O $260.000 Saved Hel Multiple Choice o $530,000 o $360,000 o $460,000 o $410,000
Simpson Glove Company has made the following sales projections for the next six months. All sales are credit sales. March April May $41,000 June 50,000 July 32,000 August $47,000 58,000 62,000 Sales in January and February were $41,000 and $39,000, respectively. Experience has shown that of total sales receipts 10 percent are uncollectible, 40 percent are collected in the month of sale, 30 percent are collected in the following month, and 20 percent are collected two months after sale. Prepare...
A) Need help with this chart
B) Find March credit sales, collection of March sales in
April
Accounts Receivable balance, March 31: March-Credit sales, collection of March sales in April Marcel Company projects the following sales for the first three months of the year: $12,600 in January: $10,200 in February; and $11,100 in March. The company expects 70% of the sales to be cash and the remainder on account. Sales on account are collected 50% in the month of the...
Laura's Decor Stores made the following sales projection for the
next six months. All sales are credit sales.
march 38,000
April 44,000
may 33,000
june 42,000
july 50,000
august 52,000
sales in january and february were $41,000 and $40,000
respectively
experience has shown that total sales, 10% are uncollectible,
35% are collected in the month of sale, 45 percent are collected in
the following month and 10 percent are collected two months after
sale.
a) prepare a monthly cash receipts...
Altuvie y Bregman sells only on credit to customers, no cash sales. You have been given the following information regarding the collection of those credit sales: 60% are collected in the month of the sale, 30% in the month following the sale, and 10% in the second month following the sale. The table below gives the budgeted sales data for the four months shown Total sales January February March April $700,000 $500,000 $400,000 $600,000 Cash receipts in April are expected...
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