Sales forecasts-what are the cash receipts

Assignment Help Financial Accounting

Reference no: EM13775017

Company has sales forecasts of the following: January = $40,000; February = $65,000; March = $52,850. All sales are on account and are collected as follows: 20% in the current month, 50% in the month following, 25% in the second month following, and 5% uncollectible. What are the cash receipts for March?

Reference no: EM13775017

Questions Cloud

Privileged accounts to perform basic user activities : The assignment must be a minimum of just over 1-full page in length with a minimum of 2 outside sources. Answer the questions below Please be sure to follow APA guideline, Administrators have used their privileged accounts to perform basic user act..

Abdominal cramping and diarrhea : Julie is a 45-year-old woman who has been sick for over one week. She has fever, fatigue, cough, and body aches. Her doctor prescribed her an antibiotic on day 2 and she has been taking it as prescribed. Julie?s symptoms are not getting any better..

Beginning cash balance-cash payments-minimum cash balance : Assume the following information for the month of August. June sales = $40,000; July sales = $65,000; August sales = $52,850. All sales are on account and are collected as follows: 20% in the current month, 50% in the month following, 25% in the seco..

All sales are on account and are collected : Company has sales forecasts of the following: February = $40,000; March = $65,000. All sales are on account and are collected as follows: 20% in the current month, 50% in the month following, 25% in the second month following, and 5% uncollectible. I..

Sales forecasts-what are the cash receipts : Company has sales forecasts of the following: January = $40,000; February = $65,000; March = $52,850. All sales are on account and are collected as follows: 20% in the current month, 50% in the month following, 25% in the second month following, and ..

What operations and processes are we looking for : 1250 word and there is a data which I will send it to you to apply on the case studies And for the cases explain each of them and apply the data then chose one and focus on it just recommend one case of the three Find the

What is the APR of the loan : A person was considering buying a house priced at $300,000. A mortgage company claimed the interest rate for the 20 year loan is What would the monthly payment, if the person decided to borrow 90% of the cost of the house and 100% of the processing f..

Create a c# program that includes a coffeeorder class : Create a program that includes the following requirements: Create a CoffeeOrder class

What is desired inventory : Company projects the next period sales will be 12,000 units. Company desires ending inventory equal to 20% of next month's sales. What is desired inventory? Also, if the beginning inventory is 100, and the current months sales are 14,000, what is the..

User Account

All Pages