Question

The Happy Wedding Company specializes in custom wedding attire. The average price of each of the bride’s wedding ensembles is $3,200. For each wedding, The Happy Wedding Company receives a 20 percent deposit two months before the wedding, 50 percent the month before, and the remainder of the day the goods are delivered. Based on information at hand, The Happy Wedding Company expects to prepare outfits for the following number of wedding during the coming months:

outfit numbers

January	5
February	3
March	2
April	4
May	5
June	15

1.What are the expected revenues for the Happy Wedding Company for each month, January, through June?
2. What are the expected cash receipts for each month, January through April?

Please, show a process and do all the work

Answer 1

	1	2
	Expected Revenue	Total Cash receipts
January	$ 16,000	$                  9,984
February	$    9,600	$                  6,848
March	$    6,400	$                  9,280
April	$ 12,800	$                14,720
May	$ 16,000	$                28,800
June	$ 48,000	$                14,400
Workings:
	Outfits numbers	Expected Revenue	30% of the same month	50% of the next month	20% of the next second month	Total Cash receipts
	(a)	(b) = (a) X $3200	(c) = 30% X (b)	(d) = 50% of next month	(e) = 20% of next second month	(c) + (d) + (e)
January	5	$                16,000	$              4,800	$         4,800	$           384	$         9,984
February	3	$                  9,600	$              2,880	$         3,200	$           768	$         6,848
March	2	$                  6,400	$              1,920	$         6,400	$           960	$         9,280
April	4	$                12,800	$              3,840	$         8,000	$       2,880	$       14,720
May	5	$                16,000	$              4,800	$       24,000	$              -	$       28,800
June	15	$                48,000	$            14,400	$                -	$              -	$       14,400