What are the expected cash receipts for each month

Assignment Help Cost Accounting
Reference no: EM13546217

Estimate Cash Receipts

Scare-2-B-U (S2BU) specializes in costumes for all occasions. The average price of each of its costumes is $160. 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

75

May

45

June

30

July

60

August

75

September

165

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: EM13546217

Questions Cloud

Find the magnitude of his tangential acceleration : Jeff of the Jungle swings on a vine that is 7.20 long. At the bottom of the swing, just before hitting the tree, Jeff's linear speed is 8.50. Find the magnitude of his tangential acceleration
Evaluate the mass percentage of na2so4 in a slution : Calculate the mass percentage of Na2SO4 in a slution containing 10.6 g Na2SO4 in 483 g water. b) An ore contaings 2.86 g of silver per ton of ore. What is the concentration of silver in ppm
Explain what can be said about the sign of ph : Gas A2 reacts with gas B2 to form gas AB at a constant temperature. The bond energy of AB is much greater that that of either reactant. What can be said about the sign of pH, pSsurr, and pS
What is the velocity of the boat after batman lands in it : Batman (mass = 95.9 kg) jumps straight down from a bridge into a boat (mass = 683 kg) in which a criminal is fleeing. The velocity of the boat is initially +8.67 m/s. What is the velocity of the boat after Batman lands in it?
What are the expected cash receipts for each month : What are the expected revenues for S2BU for each month, April through September? Revenues are recorded in the month of the occasion and what are the expected cash receipts for each month, April through July?
How to calculate the quantity of sodium fluoride : Calculate the quantity of sodium fluoride in kilograms needed per year for a city of 50,000 people if the daily consumption of water per person is 160.0 gallons.
Prepare bank reconciliation - worthy tours : Prepare bank reconciliation at July 31 and journalize the adjusting entries at July 31 on the books of Worthy Tours.
Define what is the thickness of the foil : What is the thickness of the foil. the question asks for the thickness of foil in millimeters and also tells that the density is 2.699 g/cm^3.
Magnitude of the average force exerted on the water by blade : Consult Interactive Solution 7.10 for a review of problem-solving skills that are involved in this problem. A stream of water strikes a stationary turbine blade horizontally, as the drawing illustrates.

Reviews

Write a Review

Cost Accounting Questions & Answers

  What is the maximum amount it can lose

Explain how the Houston bank could lose on this transaction assuming no hedging and if the bank does hedge with the forward contract, what is the maximum amount it can lose

  What is the companys over-all break-even point

What is the companys over-all break-even point in total sales dollars and break-even point in total sales dollars

  Organize the journal entry to record this sale

These shares were classified as a long-term available for sale investment. It sold the shares on 13th December for $42,100. Organize the journal entry to record this sale.

  Complete the cash budget for january and february

Complete the cash budget for January and February below. (List multiple items under receipts, disbursements and financing from largest to smallest amounts, e.g. 10, 5, 2.)

  Top notch inc a us corp operates in both new zealand and

top notch inc a us corp operates in both new zealand and the united states. for the current year top notch inc

  Statement of retained earnings for the year ended december

If the market value of a share of common stock is 3.2 times book value for 2010, what is the firm's P/E ratio for 2010?

  Calculate the return on average total equity

Calculate the return on average total equity for the fiscal years ending January and consolidated statement of earnings and the balance sheet of Home Depot, Inc and Subsidiaries.

  Evaluate return on investment

If the investment manager is recently making a return on investment of 16 %, which project(s) would the manager want to pursue? If the cost of capital is 10 % and the annual earnings estimated cash flows excluding finance charges, which projects ..

  Evaluate the depreciation expense for 2014

At the starting of 2014, the CFO decided to change to straight-line depreciation method and evaluate the depreciation expense for 2014.

  Evaluate the amount of translation adjustment

Evaluate whether the companys foreign operations have a predominant functional currency

  1do you think a uniform set of accounting standards across

1do you think a uniform set of accounting standards across all nations will work? provide pros and cons to your

  Prepare the cost-of-goods-sold method

Prepare the necessary December 31 entry under (a) the cost-of-goods-sold method and (b) the loss method.

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