Determine the total credit collections

Assignment Help Business Management
Reference no: EM132794370

Falcon Ltd is compiling its cash budget for the months of October, November, December and January.

The company had sales of R1 600 000 in August and R2 000 000 in September.

Sales for the following four months are expected to be as follows:

October- R 1 400 000

November- R1 900 000

December - R 2 800 000

January - R 600 000

-A total of 40% of the company's sales are cash and the remainder is on credit.

-A total of 50% of sales are collected one month after the month of sale.

-A total of 10% of sales are collected two months after the month of sale.

Determine the total credit collections that the company will make in December, that is, the total amount collected from past credit sales, in December.

Reference no: EM132794370

Questions Cloud

Weighted average cost of capital-fisheries ltd : Fisheries Ltd has a target debt to equity ratio of 50%. Currently, its book debt to equity ratio is 70%, which is considered to be a temporary state
Record each of the transactions for nautical : Record each of these transactions for Nautical. June 1 Declare a cash dividend on both common and preferred stock of $0.65 per share to all stockholders
Determine the amount that runner should report : The Runner Company had receivables of $400,000, Determine the amount that Runner should report on its balance sheet at December 31, 20X2
Determine the total cost of financing the shortfall : Determine the total cost of financing the shortfall over March and April.
Determine the total credit collections : Determine the total credit collections that the company will make in December, that is, the total amount collected from past credit sales, in December.
Discuss problem related to geometric symbols : Just about every temple, church, place of worship, and most religious art in general is symmetrical. Some art is composed of geometric designs.
What is the implied goodwill arising from the acquisition : On January 1, 2020, NORMAN Company acquired a 10% interest in an investee for 3,500,000. What is the implied goodwill arising from the acquisition
What sticky retained earnings as of december would be : What Sticky's retained earnings as of December 31, 2011, would be? Sticky Corporation reduced the projected life of its patent
Why did the given change occur : In the 1870s and 1880s most Canadians saw Louis Riel as a rebel, a traitor, and even a murderer. By the 1970s and 1980s most Canadians viewed Riel favourably.

Reviews

Write a Review

Business Management Questions & Answers

  Caselet on michael porter’s value chain management

The assignment in management is a two part assignment dealing 1.Theory of function of management. 2. Operations and Controlling.

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. Due to increase in the preference for light beer drinkers, Chris Prangel wants to introduce light beer version in Mountain Man. An analysis into the la..

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. An analysis into the launch of Mountain Man Light over the present Mountain Man Lager.

  Analysis of the case using the doing ethics technique

Analysis of the case using the Doing Ethics Technique (DET). Analysis of the ethical issue(s) from the perspective of an ICT professional, using the ACS Code of  Conduct and properly relating clauses from the ACS Code of Conduct to the ethical issue.

  Affiliations and partnerships

Affiliations and partnerships are frequently used to reach a larger local audience? Which options stand to avail for the Hotel manager and what problems do these pose.

  Innovation-friendly regulations

What influence (if any) can organizations exercise to encourage ‘innovation-friendly' regulations?

  Effect of regional and corporate cultural issues

Present your findings as a group powerpoint with an audio file. In addition individually write up your own conclusions as to the effects of regional cultural issues on the corporate organisational culture of this multinational company as it conducts ..

  Structure of business plan

This assignment shows a structure of business plan. The task is to write a business plane about a Diet Shop.

  Identify the purposes of different types of organisations

Identify the purposes of different types of organisations.

  Entrepreneur case study for analysis

Entrepreneur Case Study for Analysis. Analyze Robin Wolaner's suitability to be an entrepreneur

  Forecasting and business analysis

This problem requires you to apply your cross-sectional analysis skills to a real cross-sectional data set with the goal of answering a specific research question.

  Educational instructional leadership

Prepare a major handout on the key principles of instructional leadership

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