What amount of cash will be received during december

Assignment Help Finance Basics
Reference no: EM132235018

The sales for October, November and December are $20,000, $24,000 and $36,000 , respectively. For any particular month of sales, the following percentages are received over time in cash: 10 % in cash from that same month of sales; 60 % in cash from the previous month's sales; and, 30% in cash from the sales from two months ago. What amount of cash will be received during December?

Reference no: EM132235018

Prepare a cash flow statement for the business

There were no non-current asset disposals in either year. The amount of cash paid for interest equalled the expense in both years. Required: Prepare a cash flow statement for

Briefly describe how investments baking is regulated

Identify the cost associated with going public. Briefly describe how investments baking is regulated. Describe the inroads into investments banking being made by comme

What was the amount of personal saving last year

Personal income amounted to $17 million last year. Personal current taxes amounted to $4 million and personal outlays for consumption expenditures, nonmortgage interest, and

Calculate the annual lease payment and payable in advance

Calculate the annual lease payment, payable in advance, required to yield the desired return. Prepare entries for the lessor for the first year of the lease, assuming the ma

How would you hedge the account receivable

How would you hedge the account receivable (A/R) using the Forward Market, Money Market and the Options market? Calculate the U.S. dollar equivalent of the hedged amount o

How does boeing achieve a cash cycle of negative 100 days

Why is Amazon's cash cycle so much shorter than that of competitor Barnes & Noble? How does this comparison affect financial management decisions of other retailers?

Determining the money multiplier

Assume the financial institutions are required to keep 11% in reserve and ratio of individuals' currency holdings to their deposits is 21%. What is money multiplier?

Calculate the borrowing amount

The treasurer for Brookdale Clothing must decide how much money the corporation requires to borrow in July. The balance sheet for June 30, 2004 is given below:


Write a Review

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