Cash receipts A firm has actual sales of $ 60000 in April and $ 57000 in...
Cash receipts A firm has actual sales of $ 60000 in April and $ 57000 in May. It expects sales of $ 75000 in June and $ 96000 in July and in August. Assuming that sales are the only source of cash inflows and that half of them are for cash and the remainder are collected evenly over the following 2 months, what are the firm's expected cash receipts for June, July, and August?
Homework Answers
Request Answer!
We need at least 10 more requests to produce the answer.
0 / 10 have requested this problem solution
The more requests, the faster the answer.
Add Answer to:
Cash receipts A firm has actual sales of $ 60000 in April and
$ 57000 in...
Cash receipts A firm has actual sales of $65,000 in April and $60,000 in May. It...
Cash receipts A firm has actual sales of $65,000 in April and $60,000 in May. It expects sales of $70,000 in June and $100,000 in July and in August. Assuming that sales are the only source of cash inflows and that half of them are for cash and the remainder are collected evenly over the following 2 months, what are the firm's expected cash receipts for June, July, and August?
Cash receipts A firm has actual sales of $61,000 in April and $62,000 in May. It...
Cash receipts A firm has actual sales of $61,000 in April and $62,000 in May. It expects sales of $73,000 in June and $100,000 in July and in August. Assuming that sales are the only source of cash inflows and that half of them are for cash and the remainder are collected evenly over the following 2 months, what are the firm's expected cash receipts for June, July, and August? Complete the cash receipts table below: (Round to the nearest...
Cash receipts A firm has actual sales of $60,000 in April and $57,000 in May. It...
Cash receipts A firm has actual sales of $60,000 in April and $57,000 in May. It expects sales of $75,000 in June and $96,000 in July and in August. Assuming that sales are the only source of cash inflows and that half of them are for cash and the remainder are collected evenly over the following 2 months, what are the firm's expected cash receipts for June, July, and August? Complete the cash receipts table below: (Round to the nearest...
Cash receipts A firm has actual sales of $62,000 in April and $59,000 in May. It...
Cash receipts A firm has actual sales of $62,000 in April and $59,000 in May. It expects sales of $70,000 in June and $104,000 in July and in August. Assuming that sales are the only source of cash inflows and that half of them are for cash and the remainder are collected evenly over the following 2 months, what are the firm's expected cash receipts for June, July, and August? June July August April 62,000 $ May 59,000 $ Sales...
Cash receipts A firm has actual sales of $61,000 in April and $58,000 in May. It...
Cash receipts A firm has actual sales of $61,000 in April and $58,000 in May. It expects sales of $72,000 in June and $96,000 in July and in August. Assuming that sales are the only source of cash inflows and that half of them are for cash and the remainder are collected evenly over the following 2 months, what are the firm's expected cash receipts for June, July, and August? Complete the cash receipts table below: (Round to the nearest...
Check figures: $66,250 $ 82,500 S 92,500 P4-7 Cash receipts A firm has actual sales of...
Check figures: $66,250 $ 82,500 S 92,500 P4-7 Cash receipts A firm has actual sales of $65,000 in April and $60,000 in May. It expects sales of $70,000 in June and $100,000 in July and in August. Assuming that sales are the only source of cash inflows and that half of them are for cash and the remainder are collected evenly over the following 2 months, what are the firm's expected cash receipts for June, July, and August?
1 . Class Problem on Cash Receipts, Receivables, Credit Financing Month August Feb March April May...
1 . Class Problem on Cash Receipts, Receivables, Credit Financing Month August Feb March April May July June Sales (SN) 150 100 12.0 13.0 14.0 140 140 120 Assumptions: - 15% Collected at invoicing in a given month - 45% one month after - Remainder 2 months after 5 (a) What is the cash receipt for June 5 (b) What is the receivables in August 5 (c) Would you do a loan of $9.M in July assuming a factoring of...
CASH FLOW FORECAST Happy Manufacturing had sales of $65,000 in March and $75,000 in April. Forecast...
CASH FLOW FORECAST Happy Manufacturing had sales of $65,000 in March and $75,000 in April. Forecast sales for May, June and July are $85,000, $95,000, and $120,000, respectively Given the following data, calculate monthly net cash flow for the months of May, June, and July (1) The firm makes 20% of sales for cash; 30 % are collected in the next month, and the remaining 50% are collected in the second month following the sale. The firm receives other income...
Cash budget-Basic Grenoble Enterprises had sales of $49,600 in March and $60,500 in April. Forecast sales for May, June...
Cash budget-Basic Grenoble Enterprises had sales of $49,600 in March and $60,500 in April. Forecast sales for May, June, and July are $70,300, $80,200, and $99,600, respectively. The firm has a cash balance of $4,600 on May 1 and wishes to maintain a minimum cash balance of $4,600. Given the following data, prepare and interpret a cash budget for the months of May, June, and July. (1) The firm makes 25% of sales for cash, 62% are collected in the...
Cash budget-Basic Grenoble Enterprises had sales of $49,900 in March and $59,800 in April. Forecast sales...
Cash budget-Basic Grenoble Enterprises had sales of $49,900 in March and $59,800 in April. Forecast sales for May, June, and July are $69,900, $80,200, and $99,700, respectively. The firm has a cash balance of $5,500 on May 1 and wishes to maintain a minimum cash balance of $5,500. Given the following data, prepare and interpret a cash budget for the months of May, June, and July. (1) The firm makes 18% of sales for cash, 56% are collected in the...
Cash receipts A firm has actual sales of $65,000 in April and $60,000 in May. It expects sales of $70,000 in June and $100,000 in July and in August. Assuming that sales are the only source of cash inflows and that half of them are for cash and the remainder are collected evenly over the following 2 months, what are the firm's expected cash receipts for June, July, and August?
Cash receipts A firm has actual sales of $61,000 in April and $62,000 in May. It expects sales of $73,000 in June and $100,000 in July and in August. Assuming that sales are the only source of cash inflows and that half of them are for cash and the remainder are collected evenly over the following 2 months, what are the firm's expected cash receipts for June, July, and August? Complete the cash receipts table below: (Round to the nearest...
Cash receipts A firm has actual sales of $60,000 in April and $57,000 in May. It expects sales of $75,000 in June and $96,000 in July and in August. Assuming that sales are the only source of cash inflows and that half of them are for cash and the remainder are collected evenly over the following 2 months, what are the firm's expected cash receipts for June, July, and August? Complete the cash receipts table below: (Round to the nearest...
Cash receipts A firm has actual sales of $62,000 in April and $59,000 in May. It expects sales of $70,000 in June and $104,000 in July and in August. Assuming that sales are the only source of cash inflows and that half of them are for cash and the remainder are collected evenly over the following 2 months, what are the firm's expected cash receipts for June, July, and August? June July August April 62,000 $ May 59,000 $ Sales...
Cash receipts A firm has actual sales of $61,000 in April and $58,000 in May. It expects sales of $72,000 in June and $96,000 in July and in August. Assuming that sales are the only source of cash inflows and that half of them are for cash and the remainder are collected evenly over the following 2 months, what are the firm's expected cash receipts for June, July, and August? Complete the cash receipts table below: (Round to the nearest...
Check figures: $66,250 $ 82,500 S 92,500 P4-7 Cash receipts A firm has actual sales of $65,000 in April and $60,000 in May. It expects sales of $70,000 in June and $100,000 in July and in August. Assuming that sales are the only source of cash inflows and that half of them are for cash and the remainder are collected evenly over the following 2 months, what are the firm's expected cash receipts for June, July, and August?
1 . Class Problem on Cash Receipts, Receivables, Credit Financing Month August Feb March April May July June Sales (SN) 150 100 12.0 13.0 14.0 140 140 120 Assumptions: - 15% Collected at invoicing in a given month - 45% one month after - Remainder 2 months after 5 (a) What is the cash receipt for June 5 (b) What is the receivables in August 5 (c) Would you do a loan of $9.M in July assuming a factoring of...
CASH FLOW FORECAST Happy Manufacturing had sales of $65,000 in March and $75,000 in April. Forecast sales for May, June and July are $85,000, $95,000, and $120,000, respectively Given the following data, calculate monthly net cash flow for the months of May, June, and July (1) The firm makes 20% of sales for cash; 30 % are collected in the next month, and the remaining 50% are collected in the second month following the sale. The firm receives other income...
Cash budget-Basic Grenoble Enterprises had sales of $49,600 in March and $60,500 in April. Forecast sales for May, June, and July are $70,300, $80,200, and $99,600, respectively. The firm has a cash balance of $4,600 on May 1 and wishes to maintain a minimum cash balance of $4,600. Given the following data, prepare and interpret a cash budget for the months of May, June, and July. (1) The firm makes 25% of sales for cash, 62% are collected in the...
Cash budget-Basic Grenoble Enterprises had sales of $49,900 in March and $59,800 in April. Forecast sales for May, June, and July are $69,900, $80,200, and $99,700, respectively. The firm has a cash balance of $5,500 on May 1 and wishes to maintain a minimum cash balance of $5,500. Given the following data, prepare and interpret a cash budget for the months of May, June, and July. (1) The firm makes 18% of sales for cash, 56% are collected in the...
Most questions answered within 3 hours.
-
Company AAA produces only one product which other manufacturers
purchase as a component for their final...
asked 29 minutes ago -
An
item can be appended to an array-based list, provided the lenght is
less than the...
asked 30 minutes ago -
Two particles each have a rest mass energy of 30 MeV and are
traveling with a...
asked 2 hours ago -
why
is vectorization a faster alternative to loops?
asked 3 hours ago -
General Matter’s outstanding bond issue has a coupon rate of
11.8%, and it sells at a...
asked 3 hours ago -
Write a one page essay on how important is it to know your basic
accounting knowledge...
asked 3 hours ago -
You are a Senior Civil Engineer posted at the Contracts and
Procurement Division of the Ministry...
asked 3 hours ago -
When using the percentage of completion method, the
company
- recognizes revenues and gross profit each...
asked 3 hours ago -
Is a level production strategy suitable for a pure service
industry, such as professional accounting and...
asked 3 hours ago -
Baker Industries’ net income is $23000, its interest expense is
$4000, and its tax rate is...
asked 4 hours ago -
a) A proton moves at 500 m/s in a 2 T magnetic field. What is
the...
asked 4 hours ago -
Anderson Systems is considering a project that has the following
cash flow and WACC data. What...
asked 4 hours ago