Gross sales for the quarter are projected

Assignment Help Business Management

Reference no: EM1382529

Q. Larsen Manufacturing Company needs to know its anticipated cash inflows for the next quarter by month. Cash sales are 20 percent of total sales each month. Historically, sales on account (credit sales) have been collected as follows: 50 percent in the month of the sale, 30 percent in the month after the sale, and the remaining 20 percent two months after the sale. Gross sales for the quarter are projected as follows: January, $20,000; February, $10,000; and March, $30,000. Accounts receivable on December 31 were $15,000. Larsen's expected cash collections for March would be.

Reference no: EM1382529

Questions Cloud

The majority of eukaryotic cells : The main of eukaryotic cells are on the order of 10-100 micrometers in diameter. Bacterial cells are smaller, typically in 1-10 micrometers.

Effective thermal capacity in climates : For energy conservation, materials with a high thermal capacity are effective in climates in which the heat flow through the building envelope is:

Cross in pure breeding green budgie and albino budgie : A cross is made in a pure-breeding green budgie and a pure-breeding albino budgie. What are the genotypes of the parent birds?

How many seconds before plane is directly overhead : A piston, A, has a diameter of 0.74cm. A second piston, B, has a diameter of 2.6 cm. In the absence of friction, determine the force, F, essential to support the 539.7 N weights. Answer in units of N.

Gross sales for the quarter are projected : Gross sales for the quarter are projected as follows: January, $20,000; February, $10,000; and March, $30,000. Accounts receivable on December 31 were $15,000. Larsen's expected cash collections for March would be:

Program read data from input file and select specified items : Program should be able to read data from input file and select the specified items. Write data for school-age males to file male.out and data for school-age females to female.out.

What is the kinetic energy of emitted electrons : A person with perfect pitch sits on a bus bench listening to the 450 Hz horn of an approaching car. If the person detects the frequency of 470 Hz, how fast is the car moving.

Nonradioactive phosphorous for many generations : Phosphorous is needed to synthesize the deoxyribonucleoside thriphosphates used in DNA replication. A geneticist grows some E. coli in a medium containing nonradioactive phosphorous for many generations.

What minimum coefficient of friction : In a popular amusement park ride, the rotating cylinder of radius 3.0 m is set in rotation at an angular speed of 7.0 rad/s. The floor then drops away, leaving the riders suspended against the wall in a vertical position.

User Account

All Pages