What amount of cash will be received during december

Assignment Help Finance Basics
Reference no: EM132235018

The sales for October, November and December are $20,000, $24,000 and $36,000 , respectively. For any particular month of sales, the following percentages are received over time in cash: 10 % in cash from that same month of sales; 60 % in cash from the previous month's sales; and, 30% in cash from the sales from two months ago. What amount of cash will be received during December?

Reference no: EM132235018

Questions Cloud

Describe the system you propose to model with a harmonic : carefully describe the system you propose to model with a harmonic oscillator equation. State the dependent variable and describe the rest position, the restoring force, and the damping. Address the three items above in the form of a short essay. In ..
Determine whether the machine should : (a) Determine whether the machine should be replaced using the NPV criterion
Require exporters to obtain special permission : Most countries create a list of “hostile” countries that require exporters to obtain special permission before the export is allowed to proceed.
How many years will it take for 490 to grow : How many years will it take for 490 to grow to ?1,083.43 if? it's invested at 8 percent compounded? annually?
What amount of cash will be received during december : The sales for October, November and December are $20,000, $24,000 and $36,000 , respectively. For any particular month of sales, the following percentages
What is cost of avoiding difficult or stressful conversation : What is the cost of avoiding a difficult or stressful conversation? At the workplace, avoiding such conversations can lead to absenteeism, low morale,
Expiration date and the same exercise price : The two options have the same expiration date and the same exercise price of $50. If the stock price is $51, what is your net income?
What is the balance in your margin account : What is the balance in your margin account at the end of Wednesday?
Organization-advancing personal and organizational agendas : organizational decisions as as first step in engaging with them in both responding to the organization and advancing personal and organizational agendas?

Reviews

Write a Review

Finance Basics Questions & Answers

  What is the standard deviation of these returns

Over the past six years, a stock had annual returns of 2 percent, -5 percent, 6 percent, 3 percent, 3 percent, and -2 percent, respectively. What is the standard deviation of these returns? 3.61 percent 3.88 percent 3.33 percent 3.97 percent 3.29 ..

  Evaluate potential projects

The company has a target capital structure of 40 percent debt and 60 percent equity. The tax rate is 40%. What weighted average cost of capital should you use to evaluate potential projects? Express your answer in percentage (without the % sign) a..

  At what discount rate would you be indifferent

At what discount rate would you be indifferent between accepting the project and rejecting it? (Do not round intermediate calculations and enter your answer.

  Interest-bearing account earning six percent interest

If she places her grandmother's gift in an interest-bearing account earning six percent interest, how much money will she have when she graduates

  Describe use case dependency for making an account transfer

Describe (in a one to two page narrative) a use case dependency for making an account transfer. Illustrate this use case with Visio or a similar product.

  Allegro supply company a newly formed corporation incurred

10-5 allegro supply company a newly formed corporation incurred the following expenditures related to land to buildings

  What is the purpose of the post-closing trial balance

What is the purpose of the Post-Closing Trial Balance? What two steps in the accounting cycle is interpreting the financial statements?

  Effective interest rates for investment opportunity

What are the nominal, periodic, and effective interest rates for this investment opportunity?

  Define probability that the economy will be strong

Austin Electronics expects sales next year to be $900,000 if the economy is strong, $650,000 if the economy is steady, and $375,000 if the economy is weak.

  Venture capital vc method valuation concepts

Fuji Electronics has examined other recent acquisitions in BioSystems' industry and believes that a 17 times price-earnings multiple would be appropriate for determining BioSystems value in the future.  Calculate the value of BioSystems as of the end..

  Effect on project npv

What is the effect on project NPV, if sales increase from $11.5 million to $13.5 million?

  What does it mean when a company calls a bond

What is the journal entry to retire bonds at maturity? What does it mean when a company calls a bond?

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