Handbag sales for April are $3,240,000, which represents 18% of the total season. Calculate the total spring sales for handbags if the percentages of monthly sales are as follows:
February 14.5%
May 22.2%
March 20.0%
June 15.5%
April 18.0%
July 9.8%
SPRING MONTHS INCLUDE : MARCH, APRIL AND MAY
TOTAL SALES IN % = 20% + 18% + 22.2% = 60.2%
NOW APRIL = 18% = 3240000, SO FOR 60.2% = 3240000 X 60.2%/18% = 10836000
Answer : 10836000 (Thumbs up please)
Handbag sales for April are $3,240,000, which represents 18% of the total season. Calculate the total...
February: Baseball team collects season ticket revenue ($1200) for upcoming season. Season will run April-September. Monthly games are as follows: April 12 games, May 14, June 13, July 15,Aug 12,Sept 14. How is the Initial cash collection ($1,200) recorded? How will the team recognize revenue? What do the revenue recognition say about this?
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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...
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