| Required a : | |
| Revenues | |
| April ( 75 * 240 ) | 18000 |
| May ( 45 * 240 ) | 10800 |
| June ( 30 * 240 ) | 7200 |
| July ( 60 * 240 ) | 14400 |
| August ( 75 * 240 ) | 18000 |
| September ( 165 * 240 ) | 39600 |
| Required b : | ||||
| April | May | June | July | |
| Cash collection : | ||||
|
Two months before the occasions ( 20% ) |
1440 [ 7200*20% ] |
2880 [ 14400*20% ] |
3600 [ 18000*20% ] |
7920 [ 39600*20% ] |
|
Month before ( 50% ) |
5400 [ 10800*50% ] |
3600 [ 7200*50% ] |
7200 [ 14400*50% ] |
9000 [ 18000*50% ] |
|
In the same month ( 30% ) |
5400 [ 18000*30% ] |
3240 [ 10800*30% ] |
2160 [ 7200*30% ] |
4320 [ 14400*30% ] |
| Expected cash receipts | 12240 | 9720 | 12960 | 21240 |
Scare-2-B-U (S2BU) specializes in costumes for all occasions. The average price of each of its costumes...
Scare-2-B-U (S2BU) specializes in costumes for all occasions. The average price of each of its costumes is $240. 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 May June July August September 165 Required: a. What are...
The Happy Wedding Company specializes in custom wedding attire. The average price of each of the bride’s wedding ensembles is $3,200. For each wedding, The Happy Wedding Company receives a 20 percent deposit two months before the wedding, 50 percent the month before, and the remainder of the day the goods are delivered. Based on information at hand, The Happy Wedding Company expects to prepare outfits for the following number of wedding during the coming months: outfit numbers January 5...
Preston's Parties specilized in custom birthday parties for children for an average price of $1600. He receives a 20% deposit two months in advance, a payment of 50% one month in advance and the remaining 30% on the day of the party. Preston anticipates the following number of parties for each of the next six months: March April May June July August ܗ ܚ ; ܠܪ ܗ ܚ Part A: calculate expected revenue for March - August March April May...
Ed’s Waterbeds has made the following sales projections for the next six months. All sales are credit sales. March $ 32,000 June $ 36,000 April 38,000 July 44,000 May 27,000 August 46,000 Sales in January and February were $35,000 and $34,000 respectively. Experience has shown that 10 percent of total sales are uncollectible, 30 percent are collected in the month of sale, 40 percent are collected in the following month, and 20 percent are collected two months after sale. a....
Purchases and Cash Budgets On July 1, MTC Wholesalers had a cash balance of $262,500 and accounts payable of $148,500. Actual sales for May and June, and budgeted sales for July, August, September, and October are: Month Actual Sales Month Budgeted Sales May $225,000 July $ 135,000 June 240,000 August 120,000 September 150,000 October 180,000 All sales are on credit with 75 percent collected during the month of sale, 20 percent collected during the next month, and 5 percent collected...
Purchases and Cash Budgets On July 1, MTC Wholesalers had a cash balance of $175,000 and accounts payable of $99,000. Actual sales for May and June, and budgeted sales for July, August, September, and October are: Month Actual Sales Month Budgeted Sales May $150,000 July $ 90,000 June 160,000 August 80,000 September 100,000 October 120,000 All sales are on credit with 75 percent collected during the month of sale, 20 percent collected during the next month, and 5 percent collected...
Aztec Company sells its product for $150 per unit. Its actual
and budgeted sales follow.
Units
Dollars
April (actual)
4,500
$
675,000
May (actual)
2,600
390,000
June (budgeted)
6,000
900,000
July (budgeted)
5,000
899,000
August (budgeted)
4,200
630,000
All sales are on credit. Recent experience shows that 30% of credit
sales is collected in the month of the sale, 40% in the month after
the sale, 26% in the second month after the sale, and 4% proves to
be uncollectible....
Help Aztec Company sells its product for $160 per unit. Its actual and budgeted sales follow April (actual) May (actual) June (budgeted) July (budgeted) August (budgeted) 4,000 2.000 5.000 4.000 4,000 Dollars $ 640,000 320,000 800,000 799,000 640,000 All sales are on credit. Recent experience shows that 26% of credit sales is collected in the month of the sale, 44% in the month after the sale, 26% in the second month after the sale, and 4% proves to be uncollectible....
1.)DCH (see #2) has another client which pays a monthly retainer of $25,000 on the last day of the month for services to be provided the following month. HelpMe Inc. paid the normal retainer from December through May. DCH provided services of $30,000 in January, $33,000 in February and $38,000 in March. Accordingly, in addition to the monthly retainer, HelpMe paid DCH, $5,000 in March, $8,000 in April and $13,000 in May. How much revenue should be recorded in each...
Aztec Company sells its product for $160 per unit. Its actual and budgeted sales follow. Units Dollars April (actual) 5,000 $ 800,000 May (actual) 2,000 320,000 June (budgeted) 5,500 880,000 July (budgeted) 4,500 879,000 August (budgeted) 4,000 640,000 All sales are on credit. Recent experience shows that 26% of credit sales is collected in the month of the sale, 44% in the month after the sale, 26% in the second month after the sale, and 4% proves to be uncollectible....