Use the information below for Nuthatch Corporation to answer the question that follow.
Nuthatch Corporation began its operations on September 1 of the current year. Budgeted sales for the first three months of business—September, October, and November—are $239,000, $309,000, and $422,000, respectively. The company expects to sell 30% of its merchandise for cash. Of sales on account, 80% are expected to be collected in the month of the sale and 20% in the month following the sale.
The cash collections expected in October from accounts receivable are estimated to be
a.$247,800
b.$139,580
c.$206,500
d.$173,040
Use the information below for Nuthatch Corporation to answer the question that follow. Nuthatch Corporation began...
Use the information below for Nuthatch Corporation to answer the question that follow. Nuthatch Corporation began its operations on September 1 of the current year. Budgeted sales for the first three months of business—September, October, and November—are $232,000, $307,000, and $424,000, respectively. The company expects to sell 30% of its merchandise for cash. Of sales on account, 80% are expected to be collected in the month of the sale and 20% in the month following the sale. The cash collections...
Use the information below for Nuthatch Corporation to answer the question that follow. Nuthatch Corporation began its operations on September 1 of the current year. Budgeted sales for the first three months of business—September, October, and November—are $237,000, $307,000, and $423,000, respectively. The company expects to sell 30% of its merchandise for cash. Of sales on account, 80% are expected to be collected in the month of the sale and 20% in the month following the sale. The cash collections...
Nuthatch Corporation began its operations on September 1 of the current year. Budgeted sales for the first three months of business September, October, and November are $231,000, $309,000, and $430,000, respectively. The company expects to sell 30% of its merchandise for cash. Of sales on account, 80% are expected to be collected in the month of the sale and 20% in the month following the sale. The cash collections expected in November from accounts receivable are projected to be: a.$240,800...
Nuthatch Corporation began its operations on September 1 of the current year. Budgeted sales for the first three months of business September, October, and November are $235,000, $307,000, and $407,000, respectively. The company expects to sell 30% of its merchandise for cash. Of sales on account, 80% are expected to be collected in the month of the sale and 20% in the month following the sale. The cash collections expected in November from accounts receivable are projected to be: a....
Use the information below for Finch Company to answer the question that follow. Finch Company began its operations on March 31 of the current year. Finch has the following projected costs: April May June Manufacturing costs (1) $156,800 $194,400 $208,200 Insurance expense (2) 1,010 1,010 1,010 Depreciation expense 1,910 1,910 1,910 Property tax expense (3) 530 530 530 (1) Of the manufacturing costs, three-fourths are paid for in the month they are incurred and one-fourth is paid for in the...
Dove Corporation began its operations on September 1 of the current year. Budgeted sales for the first three months of business are $250,000, $316,000, and $412,000, respectively, for September, October, and November. The company expects to sell 25% of its merchandise for cash. Of sales on account, 70% are expected to be collected in the month of the sale and 30% in the month following the sale. The cash collections in November are a.$216,300 b.$390,400 c.$468,480 d.$103,000
Consider Derek's budget information: materials to be used, $64,800; direct labor, $201,500; factory overhead, $398,800; work in process inventory on January 1, $185,600; and work in progress inventory on December 31, $197,000. What is the budgeted cost of goods manufactured for the year? a.$653,700 b.$850,700 c.$197,000 d.$665,100 Use the information below for Nuthatch Corporation to answer the question that follow. Nuthatch Corporation began its operations on September 1 of the current year. Budgeted sales for the first three months of...
Dove Corporation began its operations on September 1 of the current year. Budgeted sales for the first three months of business are $235,000, $307,000, and $421,000, respectively, for September, October, and November. The company expects to sell 25% of its merchandise for cash. Of sales on account, 70% are expected to be collected in the month of the sale and 30% in the month following the sale. The cash collections expected in October are a.$265,920 b.$280,320 c.$218,920 d.$290,800
Dove Corporation began its operations on September 1 of the current year. Budgeted sales for the first three months of business are $234,000, $319,000, and $407,000, respectively, for September, October, and November. The company expects to sell 25% of its merchandise for cash. Of sales on account, 70% are expected to be collected in the month of the sale and 30% in the month following the sale. The cash collections expected in October are a.$299,875 b.$289,240 c.$225,440 d.$272,240 please give...
1) 2) 3) 4) 5) Nuthatch Corporation began its operations on September 1 of the current year. Budgeted sales for the first three months of business-September, October, and November-are $239,000, $318,000, and $420,000, respectively. The company expects to sell 30% of its merchandise for cash. Of sales on account, 80% are expected to be collected in the month of the sale and 20% in the month following the sale. The cash collections expected in October from accounts receivable are estimated...