Officemart Inc Schedule of collection from sales For the three months ending December 31, |
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October | November | December | |
Receipts from cash sales | |||
Cash sales * 30% of current month sales | 39900 | 49800 | 72900 |
133000*30% | 166000*30% | 243000*30% | |
September sales on account | |||
Collected in october | 89000 | ||
October sales on account | |||
Collected in october 133000*70%*20% |
18620 | ||
Collected in november 133000*70%*80% |
74480 | ||
November sales on account | |||
Collected in november 166000*70%*20% |
23240 | ||
Collected in december 166000*70%*80% |
92960 | ||
December sales on account | |||
Collected in december 243000*70%*20% |
34020 | ||
147520 | 147520 | 199880 |
Schedule or cash Cons of ACCOUNTS Receivable OfficeMart Inc. has "cash and carry" customers and credit...
Schedule of Cash Collections of Accounts Receivable OfficeMart Inc. has "cash and carry" customers and credit customers. OfficeMart estimates that 20% of monthly sales are to cash customers, while the remaining sales are to credit customers. Of the credit customers, 20% pay their accounts in the month of sale, while the remaining 80% pay their accounts in the month following the month of sale. Projected sales for the next three months are as follows: October $117,000 November 146,000 December 214,000...
Schedule of Cash Collections of Accounts Receivable OfficeMart Inc. has "cash and carry" customers and credit customers. OfficeMart estimates that 25% of monthly sales are to cash customers, while the remaining sales are to credit customers. Of the credit customers, 25% pay their accounts in the month of sale, while the remaining 75% pay their accounts in the month following the month of sale. Projected sales for the next three months are as follows: October $107,000 November 134,000 December 196,000...
Schedule of Cash Collections of Accounts Receivable OfficeMart Inc. has "cash and carry" customers and credit customers. OfficeMart estimates that 20% of monthly sales are to cash customers, while the remaining sales are to credit customers. Of the credit customers, 20% pay their accounts in the month of sale, while the remaining 80% pay their accounts in the month following the month of sale. Projected sales for the next three months are as follows: October $123,000 November 154,000 December 225,000...
Schedule of Cash Collections of Accounts Receivable OfficeMart Inc. has "cash and carry" customers and credit customers. OfficeMart estimates that 25% of monthly sales are to cash customers, while the remaining sales are to credit customers. Of the credit customers, 25% pay their accounts in the month of sale, while the remaining 75% pay their accounts in the month following the month of sale. Projected sales for the next three months are as follows: October $127,000 November 159,000 December 232,000...
OfficeMart Inc. has "cash and carry" customers and credit customers. OfficeMart estimates that 20% of monthly sales are to cash customers, while the remaining sales are to credit customers. Of the credit customers, 20% pay their accounts in the month of sale, while the remaining 80% pay their accounts in the month following the month of sale. Projected sales for the next three months are as follows: October $109,000 November 136,000 December 199,000 The Accounts Receivable balance on September 30...
OfficeMart Inc. has "cash and carry" customers and credit
customers. OfficeMart estimates that 20% of monthly sales are to
cash customers, while the remaining sales are to credit customers.
Of the credit customers, 20% pay their accounts in the month of
sale, while the remaining 80% pay their accounts in the month
following the month of sale. Projected sales for the next three
months are as follows:
October
$109,000
November
136,000
December
199,000
The Accounts Receivable balance on September 30...
Schedule of Cash Collections of Accounts Receivable Office World Inc. has "cash and carry" customers and credit customers. Office World estimates that 30% of monthly sales are to cash customers, while the remaining sales are to credit customers. Of the credit customers, 20% pay their accounts in the month of sale, while the remaining 80% pay their accounts in the month following the month of sale. Projected sales for the next three months of 2016 are as follows: August $109,000...
Schedule of Cash Collections of Accounts Receivable Office World Inc. has "cash and carry" customers and credit customers. Office World estimates that 30% of monthly sales are to cash customers, while the remaining sales are to credit customers. Of the credit customers, 25% pay their accounts in the month of sale, while the remaining 75% pay their accounts in the month following the month of sale. Projected sales for the next three months of 2016 are as follows: August $129,000...
Schedule of the Collection of Accounts Receivable Oceart Inc. has chandry customers and credit customers OfficeMart estimates that of monthly sales are t 20 pay their counts in the month of whethe remaining to pay their counts in the month following the moth he customers, while the remaining a retorit customers of the credit customers e r the next three months are as follows: October $115.000 144.000 210.000 Parche o mber december Round s collections from for t Oceart Inc...
Office World Inc. has "cash and carry" customers and credit customers. Office World estimates that 25% of monthly sales are to cash customers, while the remaining sales are to credit customers. Of the credit customers, 25% pay their accounts in the month of sale, while the remaining 75% pay their accounts in the month following the month of sale. Projected sales for the next three months of 2016 are as follows: August $122,000 September 153,000 October 223,000 The Accounts Receivable...