April | May | June | ||
Cash sales | 35% | 186900 | 190400 | 199150 |
Sales on account | 65% | 347100 | 353600 | 369850 |
Total sales | 534000 | 544000 | 569000 | |
Schedule of Cash receipts | ||||
April | May | June | ||
Cash receipts from: | ||||
Cash sales | 186900 | 190400 | 199150 | |
Collection of Accounts Receivable | 301000 | 347100 | 353600 | |
Total budgeted cash receipts | 487900 | 537500 | 552750 |
Jasper Company has sales on account and for cash. Specifically, 65% of its sales are on...
Jasper Company has sales on account and for cash. Specifically, 59% of its sales are on account and 41% are for cash. Credit sales are collected in full in the month following the sale. The company forecasts sales of $532,000 for April, $542,000 for May, and $567,000 for June. The beginning balance of Accounts Receivable is $296,100 on April 1. Prepare a schedule of budgeted cash receipts for April, May, and June. Jasper Company has sales on account and for...
Jasper Company has sales on account and for cash. Specifically, 70% of its sales are on account and 30% are for cash. Credit sales are collected in full in the month following the sale. The company forecasts sales of $525,000 for April, $535,000 for May, and $560,000 for June. The beginning balance of Accounts Receivable is $400,000 on April 1 Prepare a schedule of budgeted cash receipts for April, May, and June. April May June Cash sales 30% Sales on...
Jasper Company has sales on account and for cash. Specifically, 58% of its sales are on account and 42% are for cash. Credit sales are collected in full in the month following the sale. The company forecasts sales of $522,000 for April, $532,000 for May, and $557,000 for June. The beginning balance of Accounts Receivable is $301,600 on April 1 Prepare a schedule of budgeted cash receipts for April, May, and June April May June Cash sales 42% Sales on...
Jasper Company has sales on account and for cash. Specifically, 63% of its sales are on account and 37% are for cash. Credit sales are collected in full in the month following the sale. The company forecasts sales of $516,000 for April, $526,000 for May, and $551,000 for June. The beginning balance of Accounts Receivable is $290,400 on April 1. Prepare a schedule of budgeted cash receipts for April, May, and June. April May June Cash sales 37% Sales on...
Jasper Company has sales on account and for cash. Specifically 60% of its sales are on account and 40% are for cash. Credit sales are collected in full in the month following the sale. The company forecasts sales of $526,000 for April, $536,000 for May, and $561,000 for June. The beginning balance of Accounts Receivable is $290,400 on April 1 Prepare a schedule of budgeted cash receipts for April, May, and June. May June April Cash sales 40% 60% Sales...
Jasper Company has sales on account and for cash. Specifically, 62% of its sales are on account and 38% are for cash. Credit sales are collected in full in the month following the sale. The company forecasts sales of $520,000 for April, $530,000 for May, and $555,000 for June. The beginning balance of Accounts Receivable is $295,800 on April 1. Prepare a schedule of budgeted cash receipts for April, May, and June. April May June Cash sales Sales on account...
Jasper Company has sales on account and for cash. Specifically, 55% of its sales are on account and 45% are for cash. Credit sales are collected in full in the month following the sale. The company forecasts sales of $522,000 for April, $532,000 for May, and $557,000 for June. The beginning balance of Accounts Receivable is $293,900 on April 1. Prepare a schedule of budgeted cash receipts for April, May, and June. UUT Jueu l'ally, 55% of its sales are...
Jasper Company has sales on account and for cash. Specifically, 63% of its sales are on account and 37% are for cash. Credit sales are collected in full in the month following the sale. The company forecasts sales of $522,000 for April, $532,000 for May, and $557,000 for June. The beginning balance of Accounts Receivable is $305,000 on April 1 Prepare a schedule of budgeted cash receipts for April, May, and June. April May June Cash sales 37% Sales on...
Jasper Company has sales on account and for cash. Specifically, 70% of its sales are on account and 30% are for cash. Credit sales are collected in full in the month following the sale. The company forecasts sales of $525,000 for April, $535,000 for May, and $560,000 for June. The beginning balance of Accounts Receivable is $400,000 on April 1 Prepare a schedule of budgeted cash receipts for April, May, and June Prepare a schedule of budgeted cash receipts for...
6 Jasper Company has sales on account and for cash. Specifically, 57% of its sales are on account and 43% are for cash. Credit sales are collected in full in the month following the sale. The company forecasts sales of $516,000 for April, $526,000 for May, and $551,000 for June. The beginning balance of Accounts Receivable is $296,400 on April 1. Prepare a schedule of budgeted cash receipts for April, May, and June. April May June Cash sales Sales on...