Homework Answers
| Cash flow of credit sale | |||||||
| Sales | Credit Sales | Cash Sales | Follwing month | Two months later | Three Month Later | Cash Inflow | |
| July'09 | $ 1,900,000 | $ 1,710,000 | $ 190,000 | ||||
| Aug'09 | $ 2,050,000 | $ 1,845,000 | $ 205,000 | $ 1,026,000 | |||
| Sep'09 | $ 2,200,000 | $ 1,980,000 | $ 220,000 | $ 1,107,000 | $ 342,000 | ||
| Oct'09 | $ 1,800,000 | $ 1,620,000 | $ 180,000 | $ 1,188,000 | $ 369,000 | $ 324,900 | $ 2,061,900 |
| Nov'09 | $ 1,600,000 | $ 1,440,000 | $ 160,000 | $ 972,000 | $ 396,000 | $ 350,550 | $ 1,878,550 |
| Dec'09 | $ 2,100,000 | $ 1,890,000 | $ 210,000 | $ 864,000 | $ 324,000 | $ 376,200 | $ 1,774,200 |
| Anticipated cash flow in the last quarter from credit sales= | $ 5,714,650 | ||||||
Add Answer to:
Sales receipts. California Cement Company anticipates the following fourth-quarter sales for 2009: $1,800,000 (October), $1,600,000 (November),...
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.
Production cash outflow. California Cement Company produces its products two months in advance of...
Production cash outflow. California Cement Company produces its products two months in advance of anticipated sales and ships to warehouse centers the month before sale. The inventory safety stock is 20% of the anticipated month's sale. Beginning inventory in September 2014 was 33,275 units. Each unit costs $2.88. The average sales price per unit is $5.83. The cost is made up of 25% labor, 65% materials and 10% shipping (to the warehouse). The company pays for labor the month of...
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 $ 55,000 (actual) Fourth Quarter October $ 45,000 November 40,000 December 65,000 Experience has shown that 35 percent of sales are collected in the month of sale, 55 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). J. Lo's Clothiers September October November December Credit sales...
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...
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...
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...
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...
Production cash outflow. California Cement Company produces its products two months in advance of...
Production cash outflow. California Cement Company produces its products two months in advance of anticipated sales and ships to warehouse centers the month before sale. The inventory safety stock is 23% of the anticipated month's sale. Beginning inventory in September 2014 was 33,323 units. Each unit costs $2.73. The average sales price per unit is $5.71. The cost is made up of 35% labor, 56% materials, and 9% shipping (to the warehouse). The company pays for labor the month of...
From the following data for Fantastic Sales, calculate the receipts from accounts receivable for September, October...
From the following data for Fantastic Sales, calculate the receipts from accounts receivable for September, October and November of 2021. Actual Actual Estimated July $615,500 August $575,300 September $448,300 Estimated Estimated October November $626,900 $419,000 Credit sales Credit sales are normally settled according to the following pattern: 40 per cent in the month of the sale, 20 per cent in the month following the sale and the remainder in the second month following the sale. Important: • If you think...
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.
Production cash outflow. California Cement Company produces its products two months in advance of anticipated sales and ships to warehouse centers the month before sale. The inventory safety stock is 20% of the anticipated month's sale. Beginning inventory in September 2014 was 33,275 units. Each unit costs $2.88. The average sales price per unit is $5.83. The cost is made up of 25% labor, 65% materials and 10% shipping (to the warehouse). The company pays for labor the month of...
J.Lo's Clothiers has forecast credit sales for the fourth quarter of the year: September $ 55,000 (actual) Fourth Quarter October $ 45,000 November 40,000 December 65,000 Experience has shown that 35 percent of sales are collected in the month of sale, 55 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). J. Lo's Clothiers September October November December Credit sales...
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...
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...
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...
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...
From the following data for Fantastic Sales, calculate the receipts from accounts receivable for September, October and November of 2021. Actual Actual Estimated July $615,500 August $575,300 September $448,300 Estimated Estimated October November $626,900 $419,000 Credit sales Credit sales are normally settled according to the following pattern: 40 per cent in the month of the sale, 20 per cent in the month following the sale and the remainder in the second month following the sale. Important: • If you think...
Most questions answered within 3 hours.
-
You purchase your daily coffee at the Chemist’s Coffeehouse and
have a choice of two cups:...
asked 53 minutes ago -
Which of the following pairs of chemicals could be used to make
a buffer solution?
A.)...
asked 40 minutes ago -
Problem 16-51 Sales
Activity Variance (LO 16-3)Odessa, Inc., reports the following
information concerning operations for the...
asked 1 hour ago -
Pictured on the right are thee point charges Q1 = 18.4 μC, Q2 =
-30.6 μC,...
asked 1 hour ago -
A graduate student is conducting research in psychology and
needs to obtain the IQ scores of...
asked 1 hour ago -
R2.84: There are 2 defective products in a production lot of 10.
An inspector randomly selected...
asked 3 hours ago -
Consider the following equilibrium system: COCl2(g) CO(g) +
Cl2(g) A 10.00 L evacuated flask is filled...
asked 3 hours ago -
1) What are the two distinct steps that one needs to perform
when developing a data...
asked 3 hours ago -
2) Write a C++ program that uses a class called “Degree” to
obtain the trigonometric
values...
asked 4 hours ago -
1. In eukaryotic cells the genomes of
&
asked 4 hours ago -
The standard enthalpy of propanol (C3H7OH) is -303.0 kJ/mol.
Compute both of the
gross and net...
asked 4 hours ago -
Why PWM using H-bridge for control motor speed is more power
effiecient than the linear amplifier...
asked 5 hours ago