1a) The WRT Corporation makes collections on sales according to the following schedule: 35% in month...
1a)
The WRT Corporation makes collections on sales according to the
following schedule:
35% in month of sale
55% in month following sale
5% in second month following sale
5% uncollectible
The following sales have been budgeted:
| Sales | |||
| April | $ | 131,000 | |
| May | $ | 168,000 | |
| June | $ | 179,000 | |
Budgeted cash collections in June would be:
$62,650
$161,600
$98,950
$178,600
Homework Answers
Budgeted cash collections in June
= collections in June (179,000*35%) + May (168,000*55%) + April (131,000*5%)
= 62,650 + 92,400 + 6550
= 161,600
Option B
Add Answer to:
1a)
The WRT Corporation makes collections on sales according to the
following schedule:
35% in month...
The BRS Corporation makes collections on sales according to the following schedule: 35% in month of...
The BRS Corporation makes collections on sales according to the following schedule: 35% in month of sale 61% in month following sale 4% in second month following sale Skloped The following sales have been budgeted: April May June Sales $120,000 $130,000 $120,000 Budgeted cash collections in June would be: Multiple Choice 0 $126,100 0 $120.000 0 $120.480 0 $121,300
The BRS Corporation makes collections on sales according to the following schedule: 45% in month of...
The BRS Corporation makes collections on sales according to the following schedule: 45% in month of sale 48% in month following sale 7% in second month following sale The following sales have been budgeted: Sales April $ 120,000 May $ 100,000 June $ 140,000 Budgeted cash collections in June would be: Multiple Choice $119,400 $140,000 $140,840 $111,000
The BRS Corporation makes collections on sales according to the following schedule: 40% in month of...
The BRS Corporation makes collections on sales according to the following schedule: 40% in month of sale 56% in month following sale 4% in second month following sale The following sales have been budgeted: April May June Sales $150,000 $170,000 $160,000 Budgeted cash collections in June would be: Multiple Choice $160,600 $165,200 $159,200 $160,000
The BRS Corporation makes collections on sales according to the following schedule: 60% in month of...
The BRS Corporation makes collections on sales according to the following schedule: 60% in month of sale 37% in month following sale 3% in second month following sale The following sales have been budgeted: April $160,000 May $170,000 June$160,000 Budgeted cash collections in June would be Multiple Choice $160,000 $160,480 $163,700 $158,900
The BRS Corporation makes collections on sales according to the following schedule: 40% in month of...
The BRS Corporation makes collections on sales according to the following schedule: 40% in month of sale 56% in month following sale 4% in second month following sale The following sales have been budgeted: Sales April $ 150,000 May $ 170,000 June $ 160,000 Budgeted cash collections in June would be: Multiple Choice: A) $165,200 B) $159,200 C) $160,600 D) $160,000
2. Koda Corporation makes collections on sales according to the following schedule: 25% in month of...
2. Koda Corporation makes collections on sales according to the following schedule: 25% in month of sale 65% in month following the sale 5% in second month following the sale 5% uncollectible The following sales have been budgeted: April May June $120,000 $100,000 $110,000 Budgeted cash collections in June would be: A. $27,500 B. $98,500 C. $71,000 D. $115,000 3. The following information was taken from the production budget of Bazinga Corporation for the next quarter. January February March 130,000...
5. April Company makes collections on sales according to the following schedule: -30 % in the...
5. April Company makes collections on sales according to the following schedule: -30 % in the month of sale -60% in the month following sale -8% in the second month following sale The following sales are expected: Expected sales January $ 100,000 $ 120,000 February March 110,000 Cash collections in March are budgeted to be: A. $110,000 B. $110,800 C. $105,000 D. $113,000
Sunnyvale Corporation makes collections on sales according to the following schedule: 40% in the month of...
Sunnyvale Corporation makes collections on sales according to the following schedule: 40% in the month of sale 50% in the month after the sale 10% two months after the sale Here are their expected sales for the first quarter: January............$70,000 February..........$50,000 March...............$30,000 How much cash will they collect in the month of March? Group of answer choices: A. $44,000 B. $37,000 C. $42,000 D. $30,000
istory Bookmarks Window Help Ch. 8 Quiz-60 minutes Saved The BRS Corporation makes collections on sales...
istory Bookmarks Window Help Ch. 8 Quiz-60 minutes Saved The BRS Corporation makes collections on sales according to the following schedule: 308 in month of sale 64% in month following sale 68 in second month following sale 10 points The following sales have been budgeted sales April $130,000 May $140,000 June $130,000 eBook References Budgeted cash collections in June would be: Multiple Choice $130,780 $130,000 S Prev 1 of 10Next 118 Aa QSearch or enter website name
For most firms, the initial step in the master budget sequence is the Purchases budget. Sales...
For most firms, the initial step in the master budget sequence is the Purchases budget. Sales budget. O Cash budget. Some other step. The WRT Corporation makes collections on sales according to the following schedule: 25% in month of sale. 65% in month after sale. 5% in second month after sale. 5% uncollectible. April sales were $120,000; May sales were $100,000; June sales were $110,000 Budget cash collections in June would be: $71,000. O $115,500. O $27,500 $98,500.
The BRS Corporation makes collections on sales according to the following schedule: 35% in month of sale 61% in month following sale 4% in second month following sale Skloped The following sales have been budgeted: April May June Sales $120,000 $130,000 $120,000 Budgeted cash collections in June would be: Multiple Choice 0 $126,100 0 $120.000 0 $120.480 0 $121,300
The BRS Corporation makes collections on sales according to the following schedule: 40% in month of sale 56% in month following sale 4% in second month following sale The following sales have been budgeted: April May June Sales $150,000 $170,000 $160,000 Budgeted cash collections in June would be: Multiple Choice $160,600 $165,200 $159,200 $160,000
The BRS Corporation makes collections on sales according to the following schedule: 60% in month of sale 37% in month following sale 3% in second month following sale The following sales have been budgeted: April $160,000 May $170,000 June$160,000 Budgeted cash collections in June would be Multiple Choice $160,000 $160,480 $163,700 $158,900
2. Koda Corporation makes collections on sales according to the following schedule: 25% in month of sale 65% in month following the sale 5% in second month following the sale 5% uncollectible The following sales have been budgeted: April May June $120,000 $100,000 $110,000 Budgeted cash collections in June would be: A. $27,500 B. $98,500 C. $71,000 D. $115,000 3. The following information was taken from the production budget of Bazinga Corporation for the next quarter. January February March 130,000...
5. April Company makes collections on sales according to the following schedule: -30 % in the month of sale -60% in the month following sale -8% in the second month following sale The following sales are expected: Expected sales January $ 100,000 $ 120,000 February March 110,000 Cash collections in March are budgeted to be: A. $110,000 B. $110,800 C. $105,000 D. $113,000
istory Bookmarks Window Help Ch. 8 Quiz-60 minutes Saved The BRS Corporation makes collections on sales according to the following schedule: 308 in month of sale 64% in month following sale 68 in second month following sale 10 points The following sales have been budgeted sales April $130,000 May $140,000 June $130,000 eBook References Budgeted cash collections in June would be: Multiple Choice $130,780 $130,000 S Prev 1 of 10Next 118 Aa QSearch or enter website name
For most firms, the initial step in the master budget sequence is the Purchases budget. Sales budget. O Cash budget. Some other step. The WRT Corporation makes collections on sales according to the following schedule: 25% in month of sale. 65% in month after sale. 5% in second month after sale. 5% uncollectible. April sales were $120,000; May sales were $100,000; June sales were $110,000 Budget cash collections in June would be: $71,000. O $115,500. O $27,500 $98,500.
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