Homework Answers
Cash receipts in April month expected to be - $ 5,30,000
workings
60% collected during the month of April - $ 3,60,000
(600000*60%)
30% collected related to March month sales - $ 1,20,000
(400000*30%)
10% collected related to February month sales - $ 50,000
(500000*10%)
(Note- please comment if you have any questions I will be clearing it, kindly give positive rating)
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Altuvie y Bregman sells only on credit to customers, no cash sales. You have been given...
those credit sales: 60% are collected in the month of the sale, 30% in the month...
those credit sales: 60% are collected in the month of the sale, 30% in the month following the sale, and 10% in the second month following the sale. The table below gives the budgeted sales data for the four months shown. January February March April Total sales $700,000 $500,000 $400,000 $600,000 Cash receipts in April are expected to be: Multiple Choice o $530,000 O $260.000 Saved Hel Multiple Choice o $530,000 o $360,000 o $460,000 o $410,000
A) Need help with this chart B) Find March credit sales, collection of March sales in...
A) Need help with this chart
B) Find March credit sales, collection of March sales in
April
Accounts Receivable balance, March 31: March-Credit sales, collection of March sales in April Marcel Company projects the following sales for the first three months of the year: $12,600 in January: $10,200 in February; and $11,100 in March. The company expects 70% of the sales to be cash and the remainder on account. Sales on account are collected 50% in the month of the...
Requirement 2. Prepare a revised schedule of cash receipts from sales in account are 60% in...
Requirement 2. Prepare a revised schedule of cash receipts
from sales in account are 60% in the month of the sale, 30% in the
month following the sale, and 10% in the second month following the
sale. What is the balance in Accounts Receivable on March 31?
Requirement 2. Prepare a revised schedule of cash receipts if receipts from sales on account are 60% in the month of the sale. 30 blank, do not enter "0".) Cash Receipts from Customers...
Help with requirement 2 please? Graham Company projects the following sales for the first three months...
Help with requirement 2 please?
Graham Company projects the following sales for the first three
months of the year: $ 10,800 in January; $ 11,600 in February;
and $ 16,300 in March. The company expects 60% of the sales to be
cash and the remainder on account. Sales on account are collected
50% in the month of the sale and 50% in the following month. The
Accounts Receivable account has a zero balance on January 1. Round
to the nearest...
Part 2: Avery Company projects the following sales for the first three months of the year:...
Part 2:
Avery Company projects the following sales for the first three months of the year: $15,800 in January; $10,100 in February; and $10,400 in March. The company expects 60% of the sales to be cash and the remainder on account. Sales on account are collected 50% in the month of the sale and 50% in the following month. The Accounts Receivable account has a zero balance on January 1. Round to the nearest dollar. 1. Prepare a schedule of...
E22-26 (similar to) Question Help o Marlin Company projects the following sales for the first three...
E22-26 (similar to) Question Help o Marlin Company projects the following sales for the first three months of the year: $12,600 in January: $10,100 in February; and $16,300 in March. The company expects 80% of the sales to be cash and the remainder on account. Sales on account are collected 50% in the month of the sale and 50% in the following month. The Accounts Receivable account has a zero balance on January 1. Round to the nearest dollar. Read...
Elwood Company projects the following sales for the first three months of the year: $12,400 in...
Elwood Company projects the following sales for the first three months of the year: $12,400 in January; $10,200 in February; and $10,500 in March. The company expects 70% of the sales to be cash and the remainder on account. Sales on account are collected 50% in the month of the sale and 50% in the following month. The Accounts Receivable account has a zero balance on January 1. Round to the nearest dollar. Read the requirements. Requirement 1. Prepare a...
Cable Co.'s sales are 20% cash and 80% on account. Of the sales on account, 35%...
Cable Co.'s sales are 20% cash and 80% on account. Of the sales on account, 35% are collected in the month of sale, 40% in the following month, and 20% in the second month following sale. The other 5% are uncollectible. Budgeted total sales are shown below. Blank boxes are optional, for calculations. Total cash receipts in March would be budgeted to be 4, Jan Feb. March 500,000 600,000 Budgeted total sales 700,000
Mason Company projects the following sales for the first three months of the year: $ 11,500...
Mason Company projects the following sales for the first three months of the year: $ 11,500 in January; $ 11,600 in February; and $ 15,800 in March. The company expects 60% of the sales to be cash and the remainder on account. Sales on account are collected 50% in the month of the sale and 50% in the following month. The Accounts Receivable account has a zero balance on January 1. Round to the nearest dollar. Read the requirementsLOADING.... Requirement...
Jayson Company projects the following sales for the first three months of the year: 512,600 in...
Jayson Company projects the following sales for the first three months of the year: 512,600 in January, 512,200 in February, and $11,100 in March. The company expects 60% of the sales to be cash and the remainder on account. Sales on account are collected 50% in the month of the sale and 50% in the following month. The Accounts Receivable account has a zero balance on January 1. Round to the nearest dollar. Read the requirements Requirement 1. Prepare a...
those credit sales: 60% are collected in the month of the sale, 30% in the month following the sale, and 10% in the second month following the sale. The table below gives the budgeted sales data for the four months shown. January February March April Total sales $700,000 $500,000 $400,000 $600,000 Cash receipts in April are expected to be: Multiple Choice o $530,000 O $260.000 Saved Hel Multiple Choice o $530,000 o $360,000 o $460,000 o $410,000
A) Need help with this chart
B) Find March credit sales, collection of March sales in
April
Accounts Receivable balance, March 31: March-Credit sales, collection of March sales in April Marcel Company projects the following sales for the first three months of the year: $12,600 in January: $10,200 in February; and $11,100 in March. The company expects 70% of the sales to be cash and the remainder on account. Sales on account are collected 50% in the month of the...
Requirement 2. Prepare a revised schedule of cash receipts
from sales in account are 60% in the month of the sale, 30% in the
month following the sale, and 10% in the second month following the
sale. What is the balance in Accounts Receivable on March 31?
Requirement 2. Prepare a revised schedule of cash receipts if receipts from sales on account are 60% in the month of the sale. 30 blank, do not enter "0".) Cash Receipts from Customers...
Help with requirement 2 please?
Graham Company projects the following sales for the first three
months of the year: $ 10,800 in January; $ 11,600 in February;
and $ 16,300 in March. The company expects 60% of the sales to be
cash and the remainder on account. Sales on account are collected
50% in the month of the sale and 50% in the following month. The
Accounts Receivable account has a zero balance on January 1. Round
to the nearest...
Part 2:
Avery Company projects the following sales for the first three months of the year: $15,800 in January; $10,100 in February; and $10,400 in March. The company expects 60% of the sales to be cash and the remainder on account. Sales on account are collected 50% in the month of the sale and 50% in the following month. The Accounts Receivable account has a zero balance on January 1. Round to the nearest dollar. 1. Prepare a schedule of...
E22-26 (similar to) Question Help o Marlin Company projects the following sales for the first three months of the year: $12,600 in January: $10,100 in February; and $16,300 in March. The company expects 80% of the sales to be cash and the remainder on account. Sales on account are collected 50% in the month of the sale and 50% in the following month. The Accounts Receivable account has a zero balance on January 1. Round to the nearest dollar. Read...
Elwood Company projects the following sales for the first three months of the year: $12,400 in January; $10,200 in February; and $10,500 in March. The company expects 70% of the sales to be cash and the remainder on account. Sales on account are collected 50% in the month of the sale and 50% in the following month. The Accounts Receivable account has a zero balance on January 1. Round to the nearest dollar. Read the requirements. Requirement 1. Prepare a...
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Jayson Company projects the following sales for the first three months of the year: 512,600 in January, 512,200 in February, and $11,100 in March. The company expects 60% of the sales to be cash and the remainder on account. Sales on account are collected 50% in the month of the sale and 50% in the following month. The Accounts Receivable account has a zero balance on January 1. Round to the nearest dollar. Read the requirements Requirement 1. Prepare a...
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