Suppose that the Sales in December 2019 were 12,555. The sales are expected to grow by 10% in January 2020, by 8% in February 2020, and by 11% in March 2020. After that, the sales are expected to grow by 7%.
The company's cash collection is as follows: 28% is collected in the same month, 16% is collected in the next month, and the remainder in the following month.
What is the cash collection for August, 2020?
Enter your answer rounded off to two decimal points. Do not enter $ or comma in the answer box.
Suppose that the Sales in December 2019 were 12,555. The sales are expected to grow by...
Suppose that the Sales in December 2019 were 12,555. The sales are expected to grow by 10% in January 2020, by 8% in February 2020, and by 11% in March 2020. After that, the sales are expected to grow by 7%. The company's cash collection is as follows: 28% is collected in the same month, 16% is collected in the next month, and the remainder in the following month. What is the cash collection for August, 2020? Enter your answer...
Suppose that the Sales in December 2019 were 46,595. The sales are expected to grow by 6% in January 2020, by 9% in February 2020, and by 6% in March 2020. After that, the sales are expected to grow by 10%. The company's cash collection is as follows: 65% is collected in the same month and the remainder in the next month. What is the cash collection for July, 2020? Enter your answer rounded off to two decimal points. Do...
Suppose that the Sales in December 2019 were 46,595. The sales are expected to grow by 6% in January 2020, by 9% in February 2020, and by 6% in March 2020. After that, the sales are expected to grow by 10%. The company's cash collection is as follows: 65% is collected in the same month and the remainder in the next month. What is the cash collection for July, 2020? Enter your answer rounded off to two decimal points. Do...
Suppose that the Sales in December 2019 were 46,595. The sales are expected to grow by 6% in January 2020, by 9% in February 2020, and by 6% in March 2020. After that, the sales are expected to grow by 10%. The company's cash collection is as follows: 65% is collected in the same month and the remainder in the next month. What is the cash collection for July, 2020? Enter your answer rounded off to two decimal points. Do...
Suppose that the Sales in December 2019 were 98,674. The sales are expected to grow by 7% in January 2020, by 8% in February 2020, and by 16% in March 2020. After that, the sales are expected to grow by 5%. The purchases are 28% of sales. The purchases will be paid in the same month. The general administrative expenses are $16,541 and will be paid in the same month. The depreciation expense is $11,926 per month. The interest expenses...
ABC Company has projected Sales of $2402 in January. The sales are expected to grow by 13%each month. ABC's collection schedule is as follows: ABC collects 82 percent of its sales in the month of sale and the remainder is collected in the followingmonth. What is the amount of the April cashcollections?
The table contains the Sales estimates for the next year. Month Sales $ Month Sales $ Jan 19,034 July 99,711 Feb 5,265 Aug 80,177 Mar 80,177 Sep 19,034 Apr 99,711 Oct 80,177 May 19,034 Nov 5,265 June 5,265 Dec 99,711 Sales are collected as follows: In the month of Sales: 43% In the next month: 33% After 2 months: 9% After 3 months: remainder is collected What...
Month Sales $ Month Sales $ Jan 88,498 July 28,618 Feb 34,044 Aug 58,273 Mar 58,273 Sep 88,498 Apr 28,618 Oct 58,273 May 88,498 Nov 34,044 June 34,044 Dec 28,618 The table contains the Sales estimates for the next year. Sales are collected as follows: In the month of Sales: 33% In the next month: 21% After 2 months: 7% After 3 months: remainder is collected What is the cash collection for September? Enter your answer rounded off to two...
ABC Company has the following projected sales: Month Sales June $249 July $8,220 August $15,073 September $36,368 25% of the sales are collected in the same month. 16% of the sales are collected after one month, 9% of the sales are collected after two months, and the remainder are collected after three month. What is the amount of the September collections? Enter your answer rounded off to two decimal points. Do not enter $ or...
Gem Service anticipates the following sales revenue over a five-month period: The company's sales are 40 % cash and 60 % credit. Its collection history indicates that credit sales are collected as follows: How much cash will be collected in January? In February? In March? For the quarter in total? Complete the cash budget to determine how much cash will be collected in January, February, March and for the quarter in total. Data Table November December January February March...