User Account

All Pages

Determine the amount of sales revenue camtech will report

Assignment Help Accounting Basics
Reference no: EM131794163

Question - Camtech, which expects to start operations on January 1, 2008, will sell digital cameras in shopping malls. Camtech has budgeted sales as indicated in the following table. The company expects a 10 percent increase in sales per month for February and March. The ratio of cash sales to sales on account will remain stable from January through March.

Sales January February March

Cash sales 50,000 ? ?

Sales on Account 80,000 ? ?

Total Budgeted sales 130,000 ? ?

A. Complete the sales budget by filling in the missing amounts.

B. Determine the amount of sales revenue Camtech will report on its second quarter pro forma income statement.

Reference no: EM131794163

Questions Cloud

Write a function to find the reachability matrix for a graph : Write a function to find the reachability matrix for a directed graph.If A is an n x n adjacency matrix for a directed graph, then the entry in the ith row.
Thinking about the material presented this week : Thinking about the material presented this week, what are the implications for the future with which business should be concerned today?
Find the effective cost of the loans : The loans require monthly payments and are fully amortizing. What is the effective (annual) cost of the two loans in percent?
Importance of team building retreats and training sessions : what is the importance of team building retreats and/or training sessions, discuss the effectiveness of those you have been involved in.
Determine the amount of sales revenue camtech will report : Determine the amount of sales revenue Camtech will report on its second quarter pro forma income statement
Develop new executable model : What do you now do as you wish to use this information as the basis to develop a new executable model that will need to be presented to the governing board
Add a function member to the di graph class template : Add a function member to the Di graph class template for doing a breadth-first search from some start vertex.
What is the yield to maturity in given problem : It is now January 1, 2016, and you are considering the purchase of an outstanding bond that was issued on January 1, 2014. It has a 7.5% annual coupon.
Supervisor to ensure a safe environment for all employees : what steps would you take as a Leader/Supervisor to ensure a safe environment for all employees

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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