-
Multiple Choice
$98,850.
$94,380.
$102,090.
$65,250.
$84,690.
Fresplanade Co. had the following historical collection pattern for its credit sales: 75% collected in the month of sale 12% collected in the first month after month of sale 8% collected in the second month after month of sale 4% collected in the third month after month of sale 1% uncollectible The sales on open account (credit sales) have been budgeted for the last six months of the year as shown below: July...
-
Multiple Choice
$90,960.
$84,640.
$93,800.
$56,000.
$76,400.
Fresplanade Co. had the following historical collection pattern for its credit sales: 70% collected in the month of sale 15% collected in the first month after month of sale 9% collected in the second month after month of sale 5% collected in the third month after month of sale 1% uncollectible The sales on open account (credit sales) have been budgeted for the last six months of the year as shown below: July...
-
Tiara Company has the following historical collection pattern for its credit sales: 70% collected in month of sale 15% collected in the first month after sale 10% collected in the second month after sale 4% collected in the third month after sale 1% uncollectible Budgeted credit sales for the last six months of the year follow. $ June July August September October November December 32,000 30,000 35,000 40,000 45,000 50,000 42,500 I Required: A. What would be the estimated total...
-
Coyote Loco, Inc., a distributor of salsa, has the following historical collection pattern for its credit sales. 80 percent collected in the month of sale. 10 percent collected in the first month after sale. 5 percent collected in the second month after sale. 4 percent collected in the third month after sale. 1 percent uncollectible. The sales on account have been budgeted for the last seven months as follows: June July August September October November December $ 126,000 153,500 178,500...
-
Coyote Loco, Inc., a distributor of salsa, has the following historical collection pattern for its credit sales. 80 percent collected in the month of sale. 10 percent collected in the first month after sale. 5 percent collected in the second month after sale. 4 percent collected in the third month after sale. 1 percent uncollectible The sales on account have been budgeted for the last seven months as follows: $128,000 155,500 180,500 211,000 236,000 261,000 June July August September October...
-
Please
make sure the answer is correct 100%
Tiara Company has the following historical collection pattern for its credit sales: 70% collected in month of sale 15% collected in the first month after sale 10% collected in the second month after sale 4% collected in the third month after sale 1% uncollectible Budgeted credit sales for the last six months of the year follow. $ June 64,000 July 60,000 August 70,000 September 80,000 October 90,000 November 100,000 December 85,000 Required:...
-
Birch Construction has the following historical pattern on its
credit sales:
70% collected in month of sale.
15% collected in the first month after sale.
10% collected in the second month after sale.
4% collected in the third month after sale.
1% uncollectible.
The sales on open account have been budgeted for the first six
months of 2018 as shown below:
Month
Sales
January
$ 70,000
February
90,000
March
100,000...
-
Cayo Locaine a distributor of sasa has the following historical BD prent collected in the month of 10 percent collected in the first month for sale Spected in the second months & protected in the months 1 percent uncolec The who h ons during om Comoethe G Compute thes from e made cash cocons during the town out during the fourth Coyote Loco, Inc., a distributor of salsa, collection pattern for its credit sales. 80 percent collected in the month...
-
i have test. Need help guys!!!
ROBLEM 4 (10 pints) The sales budget of Hickory Company for the third quarter of 2018 is as follows: July August September Sales $96,000 $72,000 $108,000 Sales are 20% cash, 80% credit. Cost of goods sold is 70% of total sales. Desired ending inventory for each month is equal to 25% of cost of goods sold for the followil Collections on credit sales are as follows: 50% in the month of sale 30% in...
-
Parvis makes all sales on account, subject to the following
collection pattern: 25% are collected in the month of sale; 60% are
collected in the first month after sale; and 15% are collected in
the second month after sale. If sales for October, November, and
December were $77,000, $67,000, and $57,000, respectively, what was
the budgeted receivables balance on December 31?
Multiple Choice
$98,850.
$94,380.
$102,090.
$65,250.
$84,690.
Fresplanade Co. had the following historical collection pattern for its credit sales: 75% collected in the month of sale 12% collected in the first month after month of sale 8% collected in the second month after month of sale 4% collected in the third month after month of sale 1% uncollectible The sales on open account (credit sales) have been budgeted for the last six months of the year as shown below: July...
Multiple Choice
$90,960.
$84,640.
$93,800.
$56,000.
$76,400.
Fresplanade Co. had the following historical collection pattern for its credit sales: 70% collected in the month of sale 15% collected in the first month after month of sale 9% collected in the second month after month of sale 5% collected in the third month after month of sale 1% uncollectible The sales on open account (credit sales) have been budgeted for the last six months of the year as shown below: July...
Tiara Company has the following historical collection pattern for its credit sales: 70% collected in month of sale 15% collected in the first month after sale 10% collected in the second month after sale 4% collected in the third month after sale 1% uncollectible Budgeted credit sales for the last six months of the year follow. $ June July August September October November December 32,000 30,000 35,000 40,000 45,000 50,000 42,500 I Required: A. What would be the estimated total...
Coyote Loco, Inc., a distributor of salsa, has the following historical collection pattern for its credit sales. 80 percent collected in the month of sale. 10 percent collected in the first month after sale. 5 percent collected in the second month after sale. 4 percent collected in the third month after sale. 1 percent uncollectible. The sales on account have been budgeted for the last seven months as follows: June July August September October November December $ 126,000 153,500 178,500...
Coyote Loco, Inc., a distributor of salsa, has the following historical collection pattern for its credit sales. 80 percent collected in the month of sale. 10 percent collected in the first month after sale. 5 percent collected in the second month after sale. 4 percent collected in the third month after sale. 1 percent uncollectible The sales on account have been budgeted for the last seven months as follows: $128,000 155,500 180,500 211,000 236,000 261,000 June July August September October...
Please
make sure the answer is correct 100%
Tiara Company has the following historical collection pattern for its credit sales: 70% collected in month of sale 15% collected in the first month after sale 10% collected in the second month after sale 4% collected in the third month after sale 1% uncollectible Budgeted credit sales for the last six months of the year follow. $ June 64,000 July 60,000 August 70,000 September 80,000 October 90,000 November 100,000 December 85,000 Required:...
Cayo Locaine a distributor of sasa has the following historical BD prent collected in the month of 10 percent collected in the first month for sale Spected in the second months & protected in the months 1 percent uncolec The who h ons during om Comoethe G Compute thes from e made cash cocons during the town out during the fourth Coyote Loco, Inc., a distributor of salsa, collection pattern for its credit sales. 80 percent collected in the month...
i have test. Need help guys!!!
ROBLEM 4 (10 pints) The sales budget of Hickory Company for the third quarter of 2018 is as follows: July August September Sales $96,000 $72,000 $108,000 Sales are 20% cash, 80% credit. Cost of goods sold is 70% of total sales. Desired ending inventory for each month is equal to 25% of cost of goods sold for the followil Collections on credit sales are as follows: 50% in the month of sale 30% in...