Cash Collections Budget | |||||
December | January | February | March | Quarter | |
Sales | $ 70,000.00 | $ 80,000.00 | $ 92,000.00 | $ 99,000.00 | $ 271,000.00 |
Credit Sales 70% | $ 49,000.00 | $ 56,000.00 | $ 64,400.00 | $ 69,300.00 | $ 189,700.00 |
Cash sales 30% | $ 21,000.00 | $ 24,000.00 | $ 27,600.00 | $ 29,700.00 | $ 81,300.00 |
Collection for credit sales | $ 49,000.00 | $ 56,000.00 | $ 64,400.00 | $ 169,400.00 | |
Total Cash Collection | $ 73,000.00 | $ 83,600.00 | $ 94,100.00 | $ 250,700.00 |
Credit sales is 70% of actual sales and cash sales is 30% of
actual sales
Cash for credit sale is collected in following month, like cash for
credit sale of December will be collected in January, Cash for
credit sale of January in February and so on
Week 5 Homework Assignment-Excel FILE HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW Calibri - 11...
FILE HOME INSERT P AGE LAYOUT FORMULAS DATA REVIEW VIEW Sign In Calibri 11 AÁ - A Paste B I U , Alignment Number Cells Editing Conditional Format as Cell Formatting Table Styles Styles Clipboard Font X A1 for To aid in planning, Jay Corporation is preparing a contribution format income o aid in planning, Jay Corporation is preparing a contribution format income statement. udgeted information for Quarter 1 of Year 3: Sales in units Sales price per unit 17,000...
DATA REVIEW VIEW FORMULAS AA Wrap Text FILE HOME INSERT PAGE LAYOUT Cut Calibri 11 Paste Format Painter BIU.B. S Clipboard Font Copy E E Merge & Center 88 Conditional Format as Cell Formatting Table Styles Inse Alignment 041 X fx Production Cost Report: Weighted Average Method. Quality Confections Company manufactures chocolate bars in two processing departments, Mixing and Packaging, and uses the weighted average method for its process costing system. The table that follows shows information for the Mixing...
5. Module Three Homework Template - Excel File Home Insert Page Layout Formulas Data Review View Tell me what you want to do Arial BIU. - 10 . A* .. = = EWrap Text General X Cut E Copy Format Painter Clipboard D D Paste * Merge & Center - $ % ) * .99 Conditional Format as Formatting - Table - Styles Cell Styles Font Alignment Number AI x x P7-11 D F G c LA BIO 1 P7-111...
1) Prepare a schedule of cash collections for ianuary February and March, and for the quarter in totall. Use the following format: Quarter 27500 16000 25070 February March 24000 29700 Credit Sales 64400 Total cash collection 71000 33600 100 (2) Prepare a production budget, using the following format January February March 9900 Plus: Der ending investory 210 275 2425 Total needed 10100 11675 12325 Less: Beginning inventory 2000 Units to produce 9850 *Hunt: Units sales Sales in dollars/Seng price per...
Homework: 9-57A Score: 0 of 5 pts P9-57A (similar to) Click the icon to view the data) Read the tequirements Eeeel-eel-ee Total cash collections the first quarter of the upcoming year. The following data pertain to Dickson Manufacturing's operations: ick the icon to vievw Data Table r January, Februa Current Assets as of December 31 (prior year) Cash Accounts receivable, net Inventory 4.600 $ 48,000 15,100 S120.500 S 43.000 $126,000 s 22 600 March QuProperty, plant, and equipment net Accounts...
AutoSave OFF 5 = Home View Insert Draw Page Layout Formulas Data Review Calibri (Body) 11 A A = = = BIU CA E Paste 2 Wrap Text Merge & Cent 23 x ✓ fx $6,300 A B Question 3 (answer requirements a, b and c) C D н (5 points for part a, 6 points for part b, and 5 points for c) Hudson Incoporated currently uses a job-order costing system and applies manufacturing overhead with a predetermined overhead...
Chapter_2_Applying_Excel_Student_Form.xls File Home Insert Draw Page Layout Formulas Data Review Vie Arial 10 AA Paste * Cut Еe Copy Format Painter Clipboard BIU Font Alignment A1 fx Chapter 2: Applying Excel B D ? per unit A B с Chapter 2: Applying Excel 2 3 Data 4 Unit sales 20,000 units 5 Selling price per unit $60 per unit 6 Variable expenses per unit $45 per unit 7 Fixed expenses $240,000 8 9 Enter a formula into each of the...
Home Insert Draw Page Layout Formulas Data Review View Help Tell me what you want to do = = ). General Calibri B I 11 . Font - A A . .A. Wrap Text Merge & Center. U $ . % * 3 Alignment Number Clipboard R14 4. A . B C D G H nter the last 4 digits of your student ID number 4 Name/s: 7 Save this file in EXCEL FORMAT as: P2 Lastname 8 Round all...
Using the DuPont identity - Excel REVIEW VIEW Sign In HOME INSERT PAGE LAYOUT FORMULAS DATA Calibri 11 A A -A Alignment Number Conditional Format as Cell Paste < Clipboardr A1 FormattingTable Styles- Font Styles Y3K, Inc., has sales of $5,783, total assets of $2,604, and a debt-equity ratio of .75. If its return on equity is 11 percent, what is its net income? 4 Total assets Sales Debt-equity ratio Return on equity 2,604 5,783 0.75 11% 10 Complete the...
Home Insert Page Layout Formulas Data Review View Help Search Calibri -11-AA BIU 18-la-A- General In- Paste 25 Wrap Text E Merge & Center - DD $ - % -8 Conditional Format as Cell Formatting Table Styles Styles Fo Clipboard Font Alignment Number AutoSave OM 314 f 4 B D E F G H 1 Selected balance sheet and income statement data follow for The New York Times Company for fiscal 2016 (in thousands). Use the data to calculate the...