Cash collected in November
= November sales (230,000*45%) + October sales (400,000*40%) + September sales (320,000*15%)
= 103,500 + 160,000 + 48,000
= 311,500
Question 15 0.25 points Save Answer Natcher Corporation collects 45% of a month's sales in the month of sale, 40% in th...
Hatcher Corporation collects 60% of a month's sales in the month of sale, 30% in the month following, sale, 39 in the second month following sale. The company has found that 5% of their sales are uncollectible. Budgeted sales for the upcoming four months are: $310.000 August budected sales September budgeted sales October budected sales November budgeted sales $230,000 What is the amount of cash budgeted to be collected in November?
Natcher Corporation collects 35% of a month's sales in the month of sale, 40% in the month following sale, and 20% in the second month following sale. The company has found that 5% of their sales are uncollectible. Budgeted sales for the upcoming four months are: August budgeted sales September budgeted sales October budgeted sales November budgeted sales $340,000 $350,000 $360,000 $250,000 The amount of cash that will be collected in November is budgeted to be O A. $301,500 O...
Sharon Corporation collects 10% in the second month following sale, 40% in the month following sale and 40% of a month's sales in the month of sale. The company has found that 10% of their sales are uncollectible. Budgeted sales for the upcoming four months are: August budgeted sales September budgeted sales October budgeted sales November budgeted sales $350,000 $260.000 $400.000 $220,000 The amount of cash that will be collected in November is budgeted to be O A. $198,000 OB....
Distribution Corporation collects 35% of a month's sales in the month of sale, 45% in the month following sale, and 20% in the second month following sale. Budgeted sales for the upcoming four months are: April budgeted sales May budgeted sales June budgeted sales July budgeted sales $100,000 $200,000 $210,000 $160,000 The amount of cash that will be collected in July is budgeted to be O A. $196,500 O B. $190,500 OC. $134,500 O D. $56,000
Distribution Corporation collects 60% of a month's sales in the month of sale, 35% in the month following sale, and 5% in the second month following sale. Budgeted sales for the upcoming four months are: April budgeted sales $100.000 May budgeted sales $170,000 June budgeted sales $260,000 July budgeted sales $230,000 The amount of cash that will be collected in July is budgeted to be O A. $138,000 O B. $237,500 OC. $204,500 OD. $99,500
Distribution Corporation collects 60% of a month's sales in the month of sale, 35% in the month following sale, and 5% in the second month following sale. Budgeted sales for the upcoming four months are: April budgeted sales May budgeted sales June budgeted sales July budgeted sales $140,000 $120,000 $230,000 $200,000 The amount of cash that will be collected in July is budgeted to be O A. OB. Oc. OD. $206,500 $120,000 $86,500 $162,500 Click to select your answer
Eastern Corporation collects 10% in the second month following sale, 55% in the month following sale and 35% of a month's sales in the month of sale. Budgeted sales for the upcoming four months are: April budgeted sales May budgeted sales June budgeted sales July budgeted sales $100,000 $150,000 $230,000 $180,000 The amount of cash that will be collected in July is budgeted to be
A Company collects 20% of a month’s sales in the month of sale,
70% in the month following sale, and 6% in the second month
following sale. The remainder is uncollectible. Budgeted sales for
the next four months are: Cash collections in April are budgeted to
be:
A) $313,000
B) $292,000
C) $321,000
D) $320,000
Budgeted sales January $200,000 February $300,000 March $350,000 April $250,000
Question 2. (cash receipts from sales) Budgeted sales revenue for the coming five months is as follows: Month Sales revenue August $160,000 September $155,000 October $155,000 November $115,000 December $180,000 You estimate that you will collect 35% of sales revenue in the month of sale, 35% in the following month, 25% two months after the sale, and the remaining 5% three months after the sale. Required: Compute budgeted cash inflows for November and December. November = $ December...
70 percent collected in the month of sale. 15 percent collected in the first month after sale. 10 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: $130,500 June July August September 158,000 183,000 216,000 241,000 266,000 228,500 October November December Required: 1. Compute the estimated total cash collections during October from credit sales. 2....