Credit sales are collected 50% in the month of sale...
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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 month's sales are collected in the month the sale is made, 47 % are collected...
a month's sales are collected in the month the sale is made, 47 % are collected in the month following Fox Trail Center's sales are all made on account The firm's collection experience has been that 30 % sale. The sales forecast for the months of May through August is as follows: a sale, and 21% are collected in the second month following the May S245.000 288,000 Jund 366 000 August Req the cash collections that would be included in...
Your Health clinic collects 50% of credit sales in the month of sale, 35% in the...
Your Health clinic collects 50% of credit sales in the month of sale, 35% in the month after the sale, and 10% in the 2nd month after the month of sale. If revenue was $150,000 in October, and $112,000 in November, and $97,500 in December, how much cash did JJ collect in December? O $112,450 O $105,125 o $102,950 O $123,950
A company past experience indicates the 60% of its credit sales are collected in the month of sale, 30% in the next month, and 5% in the second month after the sale, the remainder is never collected, budgeted credit sales were: April 80,000; May 48,000; J
A company past experience indicates the 60% of its credit sales are collected in the month of sale, 30% in the next month, and 5% in the second month after the sale, the remainder is never collected, budgeted credit sales were: April 80,000; May 48,000; June 120,000; the cash inflow in the month of June is expected to be.
Sales are 65% cash and 35% credit. Credit sales are collected 10% in the month of...
Sales are 65% cash and 35% credit. Credit sales are collected 10% in the month of sale and the remainder in the month after sale. Actual sales in December were а. $57,000. Schedules of budgeted sales for the two months of the upcoming year are as follows: Budgeted Sales Revenue $58,000 January February $72,000 Actual purchases of direct materials in December were $25,000. The company's purchases of direct materials in January are budgeted to be $22,500 and $27,000 in February....
Sales are 65% cash and 35% on credit. All credit sales are collected in the month...
Sales are 65% cash and 35% on credit. All credit sales are collected in the month following the sale. The March 31 balance sheet includes balances of $12,700 in cash, $12,700 in accounts receivable, $11,000 in accounts payable, and a $2,700 balance in loans payable. A minimum cash balance of $12,700 is required. Loans are obtained at the end of any month when a cash shortage occurs. Interest is 2% per month based on the beginning of the month loan...
a. Sales are 60% cash and 40% credit. Credit sales are collected 20% in the month...
a. Sales are 60% cash and 40% credit. Credit sales are collected 20% in the month of sale and the remainder in the month after sale. Actual sales in December were $56,000. Schedules of budgeted sales for the two months of the upcoming year are as follows: Budgeted Sales Revenue January ................ $62,000 February .............. $72,000 b. Actual purchases of direct materials in December were $23,000. The company's purchases of direct materials in January are budgeted to be $20,000 and...
Question: Cash Receipts 25% of sales are in cash and collected in the month the sale...
Question: Cash Receipts 25% of sales are in cash and collected in the month the sale is made and 75% are on credit and collected in the month after the sale. December 2017 sales were $3 million. The sales forecast for 2018 is as follows: January 2,800,000 February 2,500,000 March 3,200,000 April 3,400,000 May 3,600,000 June 3,600,000 July 3,800,000 August 4,000,000 September 3,600,000 October 3,400,000 November 2,800,000 December 2,600,000 Cash Disbursements The disbursements for this firm are as follows: Payments...
Seventy percent of Pluto Corporation's sales are collected in the month of sale, 20% in the...
Seventy percent of Pluto Corporation's sales are collected in the month of sale, 20% in the month following sale, and 10% in the second month following sale. All sales are on account. The following are budgeted sales data for the company: January February March April Budgeted sales $200,000 $300,000 $350,000 $250,000 Total budgeted cash collections in April would be:
70 percent collected in the month of sale. 15 percent collected in the first month after...
70 percent collected in the month of sale. 15 percent collected in the first month after sale. 10 percent collected in the second month after sale. 4 percent collected in the third month after sale. 1 percent uncollectible. The sales on account have been budgeted for the last seven months as follows: $130,500 June July August September 158,000 183,000 216,000 241,000 266,000 228,500 October November December Required: 1. Compute the estimated total cash collections during October from credit sales. 2....
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 month's sales are collected in the month the sale is made, 47 % are collected in the month following Fox Trail Center's sales are all made on account The firm's collection experience has been that 30 % sale. The sales forecast for the months of May through August is as follows: a sale, and 21% are collected in the second month following the May S245.000 288,000 Jund 366 000 August Req the cash collections that would be included in...
Your Health clinic collects 50% of credit sales in the month of sale, 35% in the month after the sale, and 10% in the 2nd month after the month of sale. If revenue was $150,000 in October, and $112,000 in November, and $97,500 in December, how much cash did JJ collect in December? O $112,450 O $105,125 o $102,950 O $123,950
Sales are 65% cash and 35% credit. Credit sales are collected 10% in the month of sale and the remainder in the month after sale. Actual sales in December were а. $57,000. Schedules of budgeted sales for the two months of the upcoming year are as follows: Budgeted Sales Revenue $58,000 January February $72,000 Actual purchases of direct materials in December were $25,000. The company's purchases of direct materials in January are budgeted to be $22,500 and $27,000 in February....
a. Sales are 60% cash and 40% credit. Credit sales are collected 20% in the month of sale and the remainder in the month after sale. Actual sales in December were $56,000. Schedules of budgeted sales for the two months of the upcoming year are as follows: Budgeted Sales Revenue January ................ $62,000 February .............. $72,000 b. Actual purchases of direct materials in December were $23,000. The company's purchases of direct materials in January are budgeted to be $20,000 and...
70 percent collected in the month of sale. 15 percent collected in the first month after sale. 10 percent collected in the second month after sale. 4 percent collected in the third month after sale. 1 percent uncollectible. The sales on account have been budgeted for the last seven months as follows: $130,500 June July August September 158,000 183,000 216,000 241,000 266,000 228,500 October November December Required: 1. Compute the estimated total cash collections during October from credit sales. 2....
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