the other two options are: $1,600 and $1,100.
Homework Answers
January February March
April May
Sales
120000 160000 140000
Collection from January Sales 30000
78000 10800
Collection from February Sales NA
40000 104000 14400
Collection from March Sales
NA
NA
35000 91000 12600
Total Collection for the month
30000 118000 149800
105400 12600
Budgeted Cash Receipts for the month of March
$149,800
Add Answer to:
the other two options are: $1,600 and $1,100.
Canine Supply Company's budgeted sales for January, February,...
Sarasota Company's budgeted sales and direct materials purchases are as follows. January February March Budgeted Sales...
Sarasota Company's budgeted sales and direct materials purchases are as follows. January February March Budgeted Sales $261,300 250,800 344,000 Budgeted D.M. Purchases $39,300 43,300 44,000 Sarasota's sales are 30% cash and 70% credit. Credit sales are collected 10% in the month of sale, 50% in the month following sale, and 36% in the second month following sale; 4% are uncollectible. Sarasota's purchases are 50% cash and 50% on account. Purchases on account are paid 40% in the month of purchase,...
ABC company has budgeted the following sales. January February Sales (on Income statement) $100,000 $200,000 Sales...
ABC company has budgeted the following sales. January February Sales (on Income statement) $100,000 $200,000 Sales are 60% credit and 40% cash Credit sales are collected 30% in the month of sale, 70% in the month following the sale A/R at Dec 31 = $60,000 What are the cash collections for January and February? Select one: $58,000 for January and $158,000 for February $40,000 for January and $80,000 for February $118,000 for January and $158,000 for February none of the...
The following are budgeted data January February March 15,300 20,600 18,300 18,300 19,300 17,200 Sales in...
The following are budgeted data January February March 15,300 20,600 18,300 18,300 19,300 17,200 Sales in units Production in units One pound of material is required for each finished unit. The inventory of materials at the end of each month should equal 20% of the following month's producttion needs Purchases of raw materials for February would be budgeted to be Multiple Choice 1880 pounds 720 pounds 420 pounds 0 nd
Multiple Choice Question 122 The following credit sales are budgeted by Waterway Industries January February March...
Multiple Choice Question 122 The following credit sales are budgeted by Waterway Industries January February March April 5254000 330000 450000 350000 in the second month following the sale. The company's past experience indicates that 70% of the accounts receivable are collected in the month of sale, 20% in the month following the sale, and The anticipated cash innow for the month of Aprilis 08320 $361800 $337000 $353000
At LK Corporation, budgeted sales in units for January, February, and March are 15,000, 20,000, and...
At LK Corporation, budgeted sales in units for January, February, and March are 15,000, 20,000, and 18,000 units, respectively. If the selling price per unit is $5, what is expected sales revenue for March? Multiple Choice $75,000 $90,000 $100,000 $265,000
The following are budgeted data: Sales in units Production in units January 15,600 18,60e February 21,200...
The following are budgeted data: Sales in units Production in units January 15,600 18,60e February 21,200 19,600 March 18,600 17,500 One pound of material is required for each finished unit. The inventory of materials at the end of each month should equal 20% of the following month's production needs. Purchases of raw materials for February would be budgeted to be: Multiple Choice 19.180 pounds 20.020 pounds CT 18,420 pounds 20.280 pounds
The following are budgeted data: January February March Sales in units 16,800 23,600 19,800 Production in...
The following are budgeted data: January February March Sales in units 16,800 23,600 19,800 Production in units 19,800 20,800 19,700 One pound of material is required for each finished unit. The inventory of materials at the end of each month should equal 20% of the following month's production needs. Purchases of raw materials for February would be budgeted to be: Garrison 16e Rechecks 2017-10-03 Multiple Choice 20,680 pounds 21,020 pounds 18,220 pounds 20,580 pounds
QD2. XX company has budgeted sales revenues as follows: Budgeted Sales Revenues January $55,000 February 75,000...
QD2. XX company has budgeted sales revenues as follows: Budgeted Sales Revenues January $55,000 February 75,000 March 90,000 April 80,000 May 60,000 June 35,000 If you know that all sales each month are on credit. Past experience indicates that collection of credit sales occurs as follows: 60% in the month of sale, 40% in the month following the sale. Assume no Accounts Receivable on January 1st. The total cash receipt in February is: $ ....
Nieto Company's budgeted sales and direct materials purchases are as follows. Budgeted Sales January Budgeted D.M....
Nieto Company's budgeted sales and direct materials purchases are as follows. Budgeted Sales January Budgeted D.M. Purchases $35,000 49,400 38,500 $266,000 286,100 251,900 February March Nieto's sales are 30% cash and 70% credit. Credit sales are collected 10% in the month of sale, 50% in the month following sale, and 36% in the second month following sale; 4% are uncollectible. Nieto's purchases are 50% cash and 50% on account. Purchases on account are paid 40% in the month of purchase,...
Grover has forecast sales to be $125,000 in February, $135,000 in March, $150,000 in April, and $140,000 in May. T...
Grover has forecast sales to be $125,000 in February, $135,000 in March, $150,000 in April, and $140,000 in May. The average cost of goods sold is 70% of sales. All sales are on made on credit and sales are collected 60% in the month of sale, and 40% the month following What are budgeted cash receipts in March? Multiple Choice O $135,000 o $131000 O 594,500 Lea Company produces hand tools, Budgeted sales for March are 10,000 units Beginning finished...
Sarasota Company's budgeted sales and direct materials purchases are as follows. January February March Budgeted Sales $261,300 250,800 344,000 Budgeted D.M. Purchases $39,300 43,300 44,000 Sarasota's sales are 30% cash and 70% credit. Credit sales are collected 10% in the month of sale, 50% in the month following sale, and 36% in the second month following sale; 4% are uncollectible. Sarasota's purchases are 50% cash and 50% on account. Purchases on account are paid 40% in the month of purchase,...
ABC company has budgeted the following sales. January February Sales (on Income statement) $100,000 $200,000 Sales are 60% credit and 40% cash Credit sales are collected 30% in the month of sale, 70% in the month following the sale A/R at Dec 31 = $60,000 What are the cash collections for January and February? Select one: $58,000 for January and $158,000 for February $40,000 for January and $80,000 for February $118,000 for January and $158,000 for February none of the...
The following are budgeted data January February March 15,300 20,600 18,300 18,300 19,300 17,200 Sales in units Production in units One pound of material is required for each finished unit. The inventory of materials at the end of each month should equal 20% of the following month's producttion needs Purchases of raw materials for February would be budgeted to be Multiple Choice 1880 pounds 720 pounds 420 pounds 0 nd
Multiple Choice Question 122 The following credit sales are budgeted by Waterway Industries January February March April 5254000 330000 450000 350000 in the second month following the sale. The company's past experience indicates that 70% of the accounts receivable are collected in the month of sale, 20% in the month following the sale, and The anticipated cash innow for the month of Aprilis 08320 $361800 $337000 $353000
The following are budgeted data: Sales in units Production in units January 15,600 18,60e February 21,200 19,600 March 18,600 17,500 One pound of material is required for each finished unit. The inventory of materials at the end of each month should equal 20% of the following month's production needs. Purchases of raw materials for February would be budgeted to be: Multiple Choice 19.180 pounds 20.020 pounds CT 18,420 pounds 20.280 pounds
QD2. XX company has budgeted sales revenues as follows: Budgeted Sales Revenues January $55,000 February 75,000 March 90,000 April 80,000 May 60,000 June 35,000 If you know that all sales each month are on credit. Past experience indicates that collection of credit sales occurs as follows: 60% in the month of sale, 40% in the month following the sale. Assume no Accounts Receivable on January 1st. The total cash receipt in February is: $ ....
Nieto Company's budgeted sales and direct materials purchases are as follows. Budgeted Sales January Budgeted D.M. Purchases $35,000 49,400 38,500 $266,000 286,100 251,900 February March Nieto's sales are 30% cash and 70% credit. Credit sales are collected 10% in the month of sale, 50% in the month following sale, and 36% in the second month following sale; 4% are uncollectible. Nieto's purchases are 50% cash and 50% on account. Purchases on account are paid 40% in the month of purchase,...
Grover has forecast sales to be $125,000 in February, $135,000 in March, $150,000 in April, and $140,000 in May. The average cost of goods sold is 70% of sales. All sales are on made on credit and sales are collected 60% in the month of sale, and 40% the month following What are budgeted cash receipts in March? Multiple Choice O $135,000 o $131000 O 594,500 Lea Company produces hand tools, Budgeted sales for March are 10,000 units Beginning finished...
Most questions answered within 3 hours.
-
find the value z of a standard Normal variable that satisfies
each of the given conditions....
asked 19 minutes ago -
"banana".find('z')
Out[22]: -1
why is this -1
python 3.7
asked 38 seconds ago -
Ilegal Consideration Marna Balin was involved in two automobile
accidents in which she suffered severe injures.She...
asked 9 minutes ago -
Walk through the operation of QuickSort when n = 7 and the input
array is A...
asked 4 minutes ago -
Answer with True or False. Argue the answers
7) The circulation of field B on any...
asked 12 minutes ago -
Chase Co. uses the perpetual inventory method. The inventory
records for Chase reflected the following
Jan...
asked 10 minutes ago -
what are is the correct compression for these two ipv6 ips.. i
keep getting them wrong...
asked 15 minutes ago -
How does the amount of silica gel used change separation?
asked 16 minutes ago -
A barium hydroxide solution is prepared by dissolving 1.91 g1.91
g of Ba(OH)2Ba(OH)2 in water to...
asked 35 minutes ago -
barium oxide with water Express your answer as a chemical
equation. Identify all of the phases...
asked 39 minutes ago -
In the laboratory a "coffee cup"
calorimeter, or constant pressure calorimeter, is
frequently used to determine...
asked 37 minutes ago -
Refer to the following table to answer the next five questions:
Number of Workers Output 1...
asked 41 minutes ago