Total expected cash receipts during september

Assignment Help Financial Accounting
Reference no: EM13755194

Mapleview Inc.has the following budgeted sales:

July       $200,000

August $300,000

Sept      $250,000

40% of the sales are for cash. 60% are on credit. For the credit sales, 50% are collected in the month of sale, and 50% for the next month.   The total expected cash receipts during September are

A) $265,000       B) $262,500        C) $250,000       D) $280,000

Reference no: EM13755194

Previous Q& A

  What is the duration of the project and state

State the critical path - what is the duration of the project and state in table format, the ES, LF and slack for activities E, H and I.

  A successful vmi solution requires a high degree

A successful VMI solution requires a high degree of information sharing among the parties involved. A vendor supplying components to an automotive assembly plant, for example, can only produce and deliver the correct quantitiesjust-in-timeif the vehi..

  Amount of free trade credit

What is the amount of free trade credit that Langley obtains from Consolidated Services? (Assume 360 days per year throughout this problem.)

  What portion of frances population belonged to third estate

About what portion of France's population belonged to the third estate?

  The srly rules for consolidated tax returns

The SRLY rules for consolidated tax returns are designed to keep corporations from trafficking their net operating losses. Explain.

  Essential activities involved in the initial planning

Discuss the essential activities involved in the initial planning of an audit. How do these all specifically to the Smackey Dog Food client?

  Corporations journal entry to record reacquisition of bonds

On January 1, 2013, a corporation retired $500,000 of bonds at 99. At the time of retirement the unamortized premium was $15,000 and the unamortized bond issue costs were $5,250. Prepare the corporations journal entry to record the reacquisition of t..

  Relatively unimportant role in the budgeting process

"Accounting plays a relatively unimportant role in the budgeting process." Do you agree? What responsibilities does management have in budgeting? Explain.

  What ways might opium wars be regarded as a clash of culture

In what ways might the Opium Wars be regarded as a clash of cultures? In what respects might it be seen as a clash of interests?

  Describe the literal approach to contractual interpretation

Describe the literal approach to contractual interpretation and explain how it may cause problems. Provide an example to illustrate your point. How might other approaches overcome this difficulty? Describe and explain them in the business context

Reviews

Write a Review

 

Similar Q& A

  Calculation of the fixed and variable costs of operating

calculation of the fixed and variable costs of operating the university.midstate university is trying to decide whether

  Differences between equity and debt financing

Explain the major differences between equity and debt financing, and discuss the primary ways in which each would affect the future of the partners' business.

  Recording journal entriesat the beginning of the current

recording journal entriesat the beginning of the current season on april 1 the ledger of four oaks pro shop showed cash

  Calculate the following variances for april indicating

Construct an Excel or other spreadsheet to demonstrate how the solution to part 1 would change if the following information changes:the actual labour rates were $27.00, $22.90 and $17.00 for labour classes 3,2 and 1 respectively.

  Explain lamar performed legal services for e. garr

Lamar performed legal services for E. Garr. Due to a cash shortage, an agreement was reached whereby E. Garr. would pay S. Lamar a legal fee of approximately $8,000 by issuing 2,000 shares of its common stock (par $1).

  1in november 2012 us based information technology hewlett

1.in november 2012 us based information technology hewlett packard recorded a write-down of around 8.8 billion related

  Prepare a range of financial statements

Demonstrate an understanding of basic accounting concepts and how these apply apply to business, outline and contrast cash and accrual bases on accounting and prepare a range of financial statements

  Declining-balance method of depreciation-conveyor equipment

For financial reporting, Clinton Poultry Farms has used the declining-balance method of depreciation for conveyor equipment acquired at the beginning of 2010 for $2,560,000. Its useful life was estimated to be six years with a $160,000 residual value..

  Texark inc a calendar year taxpayer reported 5210300 total

texark inc. a calendar year taxpayer reported 5210300 total income before tax on its financial statements prepared in

  Identify two of distinctions and impact on financial reports

discusses the major distinctions between business entities and government/non-profit entities, and the impact these distinctions have on financial reporting. Identify two of these distinctions and their impact on financial reporting.

  How much is available to pay towards the bank loan

Assume the following information for the month of August. June sales = $40,000; July sales = $65,000; August sales = $52,850. All sales are on account and are collected as follows: 20% in the current month, 50% in the month following, 25% in the seco..

  What is the amount of interest

What is the amount of interest that Crocus could capitalize in 2013, using the particular interest method

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd