What are the expected cash receipts for each month

Reference no: EM131765698

Question: Scare-2-B-U (S2BU) specializes in costumes for all occasions. The average price of each of its costumes is $310. For each occasion, S2BU receives a 20 percent deposit two months before the occasion, 50 percent the month before, and the remainder on the day the costume is delivered. Based on information at hand, managers at S2BU expect to make costumes for the following number of occasions during the coming months:


April		40
May		30
June		20
July		45
August		55
September		110

Required: a. What are the expected revenues for S2BU for each month, April through September? Revenues are recorded in the month of the occasion.

b. What are the expected cash receipts for each month, April through July?

Reference no: EM131765698

Questions Cloud

What is the amount of overhead costs allocated to mossman : Using direct labour-hours as the only overhead cost driver, what is the amount of overhead costs allocated to the Mossman Job

Identify the fixed and variable elements of a mixed cost : What are the four methods commonly used to identify the fixed and variable elements of a mixed cost

Define sales article of the uniform commercial code : Under the sales article of the Uniform Commercial Code, unless otherwise agreed to, the seller's obligation to the buyer.

Find an article related to professional aspect of psychology : Find an article from a recent issue of a peer-reviewed journal related to professional aspects of psychology.

What are the expected cash receipts for each month : Scare-2-B-U (S2BU) specializes in costumes for all occasions. The average price of each of its costumes is $310.

Discuss hayes partnership agree states : Hayes partnership agree states the following regarding the allocation of net income

What were the products found during your search : What were the products found during your search? What are some success stories of companies who have used this product?

Journal the transactions in the given problem : Schrager Company has two production departments: Cutting and Assembly. July 1 inventories are Raw Materials $5, 100, Work in Process-Cutting $3, 600.

Prepare the liabilities section of obrians balance sheet : Prepare the liabilities section of O'Brian's balance sheet using the following information

User Account

All Pages