User Account

All Pages

Estimate budgeted cash receipts for april

Assignment Help Managerial Accounting
Reference no: EM13952234

Mississippi Retailers expects credit sales in the next quarter as follows:

April .......$ 80,000
May ........$ 90,000
June ........$ 113,000
Prior experience has shown that 60 percent of a month's sales are collected in the month of sale, 25 percent are collected in the month following sale, and the remaining 15 percent are collected in the second month following sale. February and March sales were $90,000 and $100,000, respectively.

Required:

Estimate budgeted cash receipts for April, May, and June.

Reference no: EM13952234

Questions Cloud

How many flip flops are needed to build a register file : How many flip flops are needed to build a register file with 32 16-bit registers where register 0 is always 0x0000?
What is the expected return on a portfolio : What is the expected return on a portfolio that will decline in value by 13% in a recession, will increase by 16% in normal times, and will increase by 23% during boom times if each scenario has equal likelihood? A. 8.67% B. 13.00% C. 13.43% D. 17.33..
What additional research do you feel needs to be done : What research are you familiar with that has already been done on this topic? What additional research do you feel needs to be done? Create a specific research question that you might use to investigate this topic
Estimate the radius of the asteroid if it has an albedo : A newly discovered faint asteroid and Mars are observed at opposition. Mars is observed to be 100 million times brighter than the asteroid. Assume Mars and the asteroid are 1.5 and 3.0 AU from the Sun respectively. Estimate the radius of the aster..
Estimate budgeted cash receipts for april : Estimate budgeted cash receipts for April, May, and June.
Definition of service : State your personal definition of service, and give an example of a time when you received quality service and an example of when you did not receive quality service. Determine what they could have done to correct the quality of service.
What was her monthly mortgage payment : Jayne purchased a home for $240,000.00 with a down payment of $48,000.00. The rate of interest was 5-3/4 for 30 years. What was her monthly mortgage payment?
Accountant made adjusting entries at the end of the period : X Company's accountant made adjusting entries at the end of the period for the following reasons: As a result of these entries, total equities decreased by_____
What is the greatest value w can have before loose rocks : Suppose the asteroid spins about an axis through its center, like the Earth, with an angular speed w. What is the greatest value w can have before loose rocks on the asteroid's equator begin to fly off the surface?

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Target costing-mucky duck swimsuits

Assume that Mucky Duck uses target costing. What is the price that Mucky Duck would charge the retailer for the All-Body swimsuit? What is the highest acceptable manufacturing cost Mucky Duck would be willing to incur to produce the All-Body swim..

  Average cost of capital using new common stock

What is the weighted average cost of capital using retained earnings? What is the weighted average cost of capital using new common stock?

  What is the expected value of perfect information

What is the expected value of perfect information about the success or failure of the product and what is the posterior probability of success given a favourable survey result?

  Calculate the diluted eps for 20x1

Calculate the diluted EPS for 20X1 and calculate the diluted EPS assuming that the convertible preference shares were receiving a dividend of £6 per share instead of £2.50.

  The real challenge now is how to build the brand

The real challenge now is how to build the brand while you're losing share and losing trust from those that are still around your thoughts?

  Find an article on accountants committing fraud in ais

Find an article on accountants committing fraud in AIS. Articles should address current technologies and/or emerging trends

  Required1 using the indirect method prepare a statement of

required1. using the indirect method prepare a statement of cash flows for alvin arts inc.2. why did alvin arts

  Description of break-even point

Assume that a commercial airplane manufacturing company's annual fixed costs for the widebody passenger jet are $1,425 million, and its variable cost per airplane is $90 million.

  What are the key features of jit production

What are the key features of JIT production? Compare the operating performance of the Frankfurt and Stuttgart plants in 2007. Comment on any differences you observe.

  Justify the selection of an appropriate allocation

Justify the selection of an appropriate allocation base, and calculate the predetermined overhead allocation rate.

  How well costs were controlled in department

Prepare a report that would be useful in assessing how well costs were controlled in this department.

  Cash convesion cycle for diciolla company

The DiCiolla Co has sales of $12 million, CGS of $9 MM, and has $2.5 MM of inventory. Receivables are $750,000, payables are $666,667 and the company pays its payables in 30 days.

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