Briel Exercise 22-09 K a pects c edt sales fo January, rebruary, and Ma h to...

Question

Question

Answer 1

Answer #1

Credit Sales	January	February	March
January	= 75% * $220,000 = $165,000	= 25% * $220,000 = $55,000	-
February	-	= 75% * $260,000 = $195,000	= 25% * $260,000 = $65,000
March	-	-	= 75% * $300,000 = $225,000
Total Cash Collected	$165,000	$250,000	$290,000

Answer 2

Similar Homework Help Questions

Brief Exercise 22-09 Kaspar Industries expects credit sales for January, February, and March to be $209,000,...

Brief Exercise 22-09 Kaspar Industries expects credit sales for January, February, and March to be $209,000, $269,700, and $314,200, respectively. It is expected that 75% of the sales will be collected in the month of sale, and 25% will be collected in the following month. Compute cash collections from customers for each month. Collections from Customers Credit Sales January February March January $enter a dollar amount $enter a dollar amount $enter a dollar amount February enter a dollar amount enter...
Please correct problem. Brief Exercise 22-09 Your answer is partially correct. Try again Ivanhoe Industries expects...

Please correct problem. Brief Exercise 22-09 Your answer is partially correct. Try again Ivanhoe Industries expects credit sales for January, February, and March to be $208,000, $261,900, and $316,500, respectively. It is expected that 75% of the sales will be collected in the month of sale, and 25% will be collected in the following month. Compute cash collections from customers for each month Collections from Customers February Credit Sales January March 156000 52000 January 65250 February 195750 237000 March 247750...