Cash collections for the third quarter are budgeted at:
Bonita Industries estimates its sales at 160,000 units in the first quarter and that sales will increase by 27,000 units each quarter over the year. They have, and desire, a 25% ending inventory of finished goods. Each unit sells for $25. 40% of the sales are for cash. 70% of the credit customers pay within the quarter. The remainder is received in the quarter following sale. Cash collections for the third quarter are budgeted at:
a. $2,981,500.
b. $4,387,000.
c. $5,228,500.
d. $6,613,938.
Homework Answers
Bonita Industries estimates its sales at 190000 units in the first quarter and that sales will...
Bonita Industries estimates its sales at 190000 units in the first quarter and that sales will increase by 19000 units each quarter over the year. They have, and desire, a 25% ending inventory of finished goods. Each unit sells for $35. 40% of the sales are for cash. 70% of the credit customers pay within the quarter. The remainder is received in the quarter following sale. Production in units for the third quarter should be budgeted at 228000 232750 289750...
RESOURCES Multiple Choice Question 104 Bramble Corp, estimates its sales at 230000 units in the first...
RESOURCES Multiple Choice Question 104 Bramble Corp, estimates its sales at 230000 units in the first quarter and that sales will increase by 9000 units each quarter over the year. They have and desire, a 25% ending inventory of finished goods. Each unit sells for $25. 40% of the sales are for cash. 70% of the credit customers pay within the quarter. The remainder is received in the quarter following sale Cash collections for the third quarter are budgeted at...
Dolce Co. estimates its salos at 180,000 units in the first quarter and that sales will...
Dolce Co. estimates its salos at 180,000 units in the first quarter and that sales will increase by 18,000 units each quarter over the year. They have, and desire, a 25% ending inventory of finished goods. Each unit sells for $25. 40% of the sales are for cash. 70% of the eredit customers pay within the quarter. The remainder is received in the quarter following sale. Cash collections for the third quarter are budgeted at Use the following information for...
Herbal Care Corp. a distributor of herb-based sunscreens, is ready to begin its third quarter, in...
Herbal Care Corp. a distributor of herb-based sunscreens, is ready to begin its third quarter, in which peak sales occur The company has requested a $40 000. 90-day loan from its bank to help meet cash requirements during the quarter Since Herbal Care has experienced difficulty in paying off its loans in the past the loan officer at the bank has asked the company to prepare a cash budget for the quarter In response to this request the following data...
Herbal Care Corp., a distributor of herb-based sunscreens, is ready to begin its third quarter, in...
Herbal Care Corp., a distributor of herb-based sunscreens, is ready to begin its third quarter, in which peak sales occur. The company has requested a $40,000, 90-day loan from its bank to help meet cash requirements during the quarter. Since Herbal Care has experienced difficulty in paying off its loans in the past, the loan officer at the bank has asked the company to prepare a cash budget for the quarter. In response to this request, the following data have...
Herbal Care Corp., a distributor of herb-based sunscreens, is ready to begin its third quarter, in...
Herbal Care Corp., a distributor of herb-based sunscreens, is ready to begin its third quarter, in which peak sales o cour. The company has requested a $40.000, 90-day loan from its bank to help meet cash requirements during the quarter. Since Herbal Care has experienced difficulty in paying off its loans in the past, the loan officer at the bank has asked the company to prepare a cash budget for the quarter. In response to this request, the following data...
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Herbal Care Corp., a distributor of herb-based sunscreens, is ready to begin its third quarter, in which peak sales occur. The company has requested a $40,000, 90-day loan from its bank to help meet cash requirements during the quarter. Since Herbal Care has experienced difficulty in paying off its loans in the past, the loan officer at the bank has asked the company to prepare a cash budget for the quarter. In response to this request, the following data have...
Herbal Care Corp., a distributor of herb-based sunscreens, is ready to begin its third quarter, in...
Herbal Care Corp., a distributor of herb-based sunscreens, is ready to begin its third quarter, in which peak sales occur. The company has requested a $40,000, 90-day loan from its bank to help meet cash requirements during the quarter. Since Herbal Care has experienced difficulty in paying off its loans in the past, the loan officer at the bank has asked the company to prepare a cash budget for the quarter. In response to this request, the following data have...
Herbal Care Corp., a distributor of herb-based sunscreens, is ready to begin its third quarter, in...
Herbal Care Corp., a distributor of herb-based sunscreens, is ready to begin its third quarter, in which peak sales occur. The company has requested a $40,000, 90-day loan from its bank to help meet cash requirements during the quarter. Since Herbal Care has experienced difficulty in paying off its loans in the past, the loan officer at the bank has asked the company to prepare a cash budget for the quarter. In response to this request, the following data have...
Milo Company manufactures beach umbrelas. The company is preparing detailed budgets for the third quarter and...
Milo Company manufactures beach umbrelas. The company is preparing detailed budgets for the third quarter and has assembled the following information to assist in the budget preparation: a. The Marketing Department has estimated sales as follows for the remainder of the year (in units) The selling price of the beach umbrellas is $13 per unit uly 35,000 October 25,000 11.500 12.000 August September 80.000 49,000 November December b. All sales are on account. Based on past experience, sales are collected...
Bonita Industries estimates its sales at 190000 units in the first quarter and that sales will increase by 19000 units each quarter over the year. They have, and desire, a 25% ending inventory of finished goods. Each unit sells for $35. 40% of the sales are for cash. 70% of the credit customers pay within the quarter. The remainder is received in the quarter following sale. Production in units for the third quarter should be budgeted at 228000 232750 289750...
RESOURCES Multiple Choice Question 104 Bramble Corp, estimates its sales at 230000 units in the first quarter and that sales will increase by 9000 units each quarter over the year. They have and desire, a 25% ending inventory of finished goods. Each unit sells for $25. 40% of the sales are for cash. 70% of the credit customers pay within the quarter. The remainder is received in the quarter following sale Cash collections for the third quarter are budgeted at...
Dolce Co. estimates its salos at 180,000 units in the first quarter and that sales will increase by 18,000 units each quarter over the year. They have, and desire, a 25% ending inventory of finished goods. Each unit sells for $25. 40% of the sales are for cash. 70% of the eredit customers pay within the quarter. The remainder is received in the quarter following sale. Cash collections for the third quarter are budgeted at Use the following information for...
Herbal Care Corp. a distributor of herb-based sunscreens, is ready to begin its third quarter, in which peak sales occur The company has requested a $40 000. 90-day loan from its bank to help meet cash requirements during the quarter Since Herbal Care has experienced difficulty in paying off its loans in the past the loan officer at the bank has asked the company to prepare a cash budget for the quarter In response to this request the following data...
Herbal Care Corp., a distributor of herb-based sunscreens, is ready to begin its third quarter, in which peak sales occur. The company has requested a $40,000, 90-day loan from its bank to help meet cash requirements during the quarter. Since Herbal Care has experienced difficulty in paying off its loans in the past, the loan officer at the bank has asked the company to prepare a cash budget for the quarter. In response to this request, the following data have...
Herbal Care Corp., a distributor of herb-based sunscreens, is ready to begin its third quarter, in which peak sales o cour. The company has requested a $40.000, 90-day loan from its bank to help meet cash requirements during the quarter. Since Herbal Care has experienced difficulty in paying off its loans in the past, the loan officer at the bank has asked the company to prepare a cash budget for the quarter. In response to this request, the following data...
Herbal Care Corp., a distributor of herb-based sunscreens, is ready to begin its third quarter, in which peak sales occur. The company has requested a $40,000, 90-day loan from its bank to help meet cash requirements during the quarter. Since Herbal Care has experienced difficulty in paying off its loans in the past, the loan officer at the bank has asked the company to prepare a cash budget for the quarter. In response to this request, the following data have...
Herbal Care Corp., a distributor of herb-based sunscreens, is ready to begin its third quarter, in which peak sales occur. The company has requested a $40,000, 90-day loan from its bank to help meet cash requirements during the quarter. Since Herbal Care has experienced difficulty in paying off its loans in the past, the loan officer at the bank has asked the company to prepare a cash budget for the quarter. In response to this request, the following data have...
Milo Company manufactures beach umbrelas. The company is preparing detailed budgets for the third quarter and has assembled the following information to assist in the budget preparation: a. The Marketing Department has estimated sales as follows for the remainder of the year (in units) The selling price of the beach umbrellas is $13 per unit uly 35,000 October 25,000 11.500 12.000 August September 80.000 49,000 November December b. All sales are on account. Based on past experience, sales are collected...
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