User Account

All Pages

Bates corporation has prepared the following sales budget

Assignment Help Accounting Basics
Reference no: EM13606536

Bates Corporation has prepared the following sales budget: Month Expected Sales May $84,000 June 100,000 July 92,000 August 116,000 September 98,000 Credit sales are 80% of total sales. Collections are 80% in the month of sale, 15% in the month following the sale. The remaining 5% is expected to be uncollectible. Required: Prepare a schedule of cash collections for July.

Reference no: EM13606536

Questions Cloud

Select a company maybe your employer and assess how it uses : investigate how a company uses data in marketingselect a company maybe your employer and assess how it uses data in
Sold 16000 of merchandise that cost 7000 on mastercard : sold 16000 of merchandise that cost 7000 on mastercard credit cards. the net cash receipts from sales are immediately
Liquid extracts company produces a line of fruit extracts : liquid extracts company produces a line of fruit extracts for home use in making wine jams and jellies pies and meat
A cannonball is shot from ground level with an initial : a cannonball is shot from ground level with an initial horizontal velocity of 36.0 ms and an initial vertical velocity
Bates corporation has prepared the following sales budget : bates corporation has prepared the following sales budget month expected sales may 84000 june 100000 july 92000 august
A small company maintains a petty cash fund for minor : a small company maintains a petty cash fund for minor expenditures. thefollowing transactions occurred in june and
Suppose that a player is a 75 shooter in the first throw : suppose that a player is a 75 shooter in the first throw and a 80 shooter in the second if the first one is scored but
What is the change in electric potential energy of a charge : the electric field in a particular region of space is found to be uniform with a magnitude of 800 nc and parallel to
Jerry grant the new controller of blackburn company has : jerry grant the new controller of blackburn company has reviewed the expected useful lives and salvage values of

Reviews

Write a Review

Accounting Basics Questions & Answers

  Also compute the number of meals and the amount of sales

steve and linda hom live in bartlesville oklahoma. two years ago they visited thailand. linda a professional chef was

  Davids capital account began the year with a balance of

davids capital account began the year with a balance of 45900. during the year davids share of the partnership income

  Define the terms mixed costs and fixed costs

Define the terms variable costs, fixed costs, and mixed costs - classify each cost above as either variable, fixed, or mixed.

  Oct 31 the company earned revenues of 472500 and incurred

part 2 after establishing their companys fiscal year-end to be october 31 natalie and curtis began operating cookie amp

  What is the realized real holding gain

Compute the current value depreciation for each year. What is the realized real holding gain for the years 2001 - 2004?

  What is the rebate expense and liability

During 2010, 4,000,000 packages of light bulbs are sold, and 140,000 $1 rebates are mailed to customers. What is the rebate expense and liability, respectively, shown on the 2010 financial statements dated December 31?

  Effect of high inherent risk on the amount of audit

What is the effect of high inherent risk on the amount of audit work required? Answer the same question for high control risk and high acceptable audit risk.

  The development costs were incurred after technological and

janson pharmaceuticals incurred the following costs in 2011 related to a new cancer drugresearch for new formulas

  Assuming that brandlin designates the forward contract as a

brandlin company of anaheim california sells parts to a foreign customer on december 1 2011 with payment of 20000

  Journal entries in general journal form

Flint Co. records purchase discounts lost and uses perpetual inventories. Prepare journal entries in general journal form for the following: (a) Purchased merchandise costing $900 with terms 2/10, n/30. (b) Payment was made thirty days after the p..

  Tenco a domestic corporation manufactures tennis rackets

tenco a domestic corporation manufactures tennis rackets for sale in the united states and abroad. tenco owns 100 of

  Hugo reyes company had the following account balances at

hugo reyes company had the following account balances at year-end cost of goods sold 60000 inventory 15000 operating

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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