Cash collections for Wax On Candles found that 60% of sales were collected in the month...
Cash collections for Wax On Candles found that 60% of sales were collected in the month of the sale, 30% was collected the month after the sale, and 10% was collected the second month after the sale. Sales for November through February are shown.
Nov. Dec. Jan. Feb. $25,000 $35,000 $20,000 $25,000
A. Based on these sales, how much cash will be collected in January?
B. Based on these sales, how much cash will be collected in February?
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Cash collections for Wax On Candles found that 60% of sales were
collected in the month...
Now assume that Rockers's sales are collected as follows: Rockers expects total sales of $700,500 for...
Now assume that Rockers's sales are collected as follows: Rockers expects total sales of $700,500 for January and $352,000 for February. November sales totaled $400,000 and December sales were $402,000. 40% in the month of the sale The following schedule of cash receipts for January and February was prepared based upon the collection history given: i (Click the icon to view the collection history.) (Click the icon to view the schedule of cash receipts.) 30% in the month of the...
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Please answer the following. Thanks. Grippers expects total sales of $701,500 for January and $355,000 for...
Please answer the following. Thanks.
Grippers expects total sales of $701,500 for January and $355,000 for February November is totale $393,000 and December sales were $409,000 The following schedule of cash receipts for January and February was prepared based upon the collection history given (Click the icon to view the collection history) Click the icon to view the schedule of cash receipts.) Now assume that Gripper's sales are collected as follows: 30% in the month of the sale 20% in...
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Now assume that Rockers's sales are collected as follows: Rockers expects total sales of $700,500 for January and $352,000 for February. November sales totaled $400,000 and December sales were $402,000. 40% in the month of the sale The following schedule of cash receipts for January and February was prepared based upon the collection history given: i (Click the icon to view the collection history.) (Click the icon to view the schedule of cash receipts.) 30% in the month of the...
Yandell expects total sales of $360,000 in January and $410,000 in February. Assume that Yandell's sales are collected as follows: (Click the icon to view the collections.) November sales totaled S290,000, and December sales were $340,000. Prepare a schedule of cash receipts from customers for January and February. Round answers to the nearest dollar. (If a box is not used in the table leave the box empty: do not enter a zero.) Cash Receipts from Customers January February a More...
Victors expects total sales of $699,000 for January and $348,000 for February. November sales totaled $388,000 and December sales were $402,000. Now assume that Victors's sales are collected as follows: 60% in the month of the sale The following schedule of cash receipts for January and February was prepared based upon the collection history given: A (Click the icon to view the collection history.) 20% in the month after the sale 16% two months after the sale E (Click the...
Berry expects total sales of $359,000 in January and $405,000 in February. Assume that Berry's sales are collected as follows: (Click the icon to view the collections.) November sales totaled $350,000, and December sales were $325,000. Prepare a schedule of cash receipts from customers for January and February. Round answers to the nearest dollar. (If a box is not used in the table leave the box empty, do not enter a zero.) Cash Receipts from Customers January February Total sales...
Rockers expects total sales of $700,500 for January and $354,000 for February. Assume that Rockers's sales are collected as follows: i (Click the icon to view the collection history.) November sales totaled $391,000, and December sales were $399,000. Prepare a schedule of cash receipts from customers for January and February. Round answers to the nearest dollar. (If a box is not used in the table leave the box empty; do not enter a zero.) Cash Receipts from Customers January February...
Please answer the following. Thanks.
Grippers expects total sales of $701,500 for January and $355,000 for February November is totale $393,000 and December sales were $409,000 The following schedule of cash receipts for January and February was prepared based upon the collection history given (Click the icon to view the collection history) Click the icon to view the schedule of cash receipts.) Now assume that Gripper's sales are collected as follows: 30% in the month of the sale 20% in...
Problem 4. (10 Points) Josh 2.0 is attempting to forecast Cash Collections from his new business venture. Sales are on Credit and for Cash. Josh expects 50% of all sales to be cash and collected in the month of sale. The other 50 % will be on credit and collected as follows: 60% the month after the sales, 30 % 2 months after the sale, and 10 % 3 months after the sale. Based upon he following projected sales, forecast...
Yeaman expects total sales of $333,000 in January and $407,000 in February. Yeaman has the following schedule of cash receipts: Now assume that Yeaman's sales are collected as follows: (Click on the icon to view new cash receipts assumptions.) November sales totaled $260,000, and December sales (Click on the icon to view the schedule of cash receipts.) were $330,000. Prepare a revised schedule of cash receipts for January and February. Round answers to the nearest dollar Data Table (If a...
Yogi expects total sales of $362,000 in January and $394,000 in February. Yogi has the following schedule of cash receipts: (Click on the icon to view the schedule of cash receipts.) Now assume that Yogi's sales are collected as follows: (Click on the icon to view new cash receipts assumptions.) November sales totaled $350,000, and December sales were $340,000. Prepare a revised schedule of cash receipts for January and February. Round answers to the nearest dollar. (If a box is...
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