Homework Answers
| Cash sales(25%) | Credit sales(75%) | |
| October | 222500 | 667500 |
| November | 237500 | 712500 |
| December | 256250 | 768750 |
| January | 230,000 | 690,000 |
Expected cash collections in January=230,000+(690,000*0.25)+(768750*0.65)+(0.08*712500)
=$959187.50
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Make Some Noise Enterprises sells musical instruments. Projected sales are $890,000 in October, $950,000 in November,...
Freddie Reeds, a manufacturer of saxophone, oboe, and clarinet reeds, has projected sales to be $890,000...
Freddie Reeds, a manufacturer of saxophone, oboe, and clarinet reeds, has projected sales to be $890,000 in October $956,000 in November $1,070,000 in December, and $936,000 in January Freddie's sales are 25% cash and 75% credit. The company's collection history indicates that credit sales are collected as follows: 20% in the month of the sale 70% in the month after the sale 8% two months after the sale 2% are never collected Requirements 1. Prepare a sales budget for all...
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Serdnic Reeds, a manufacturer of saxophone, oboe, and clarinet reeds, has projected sales to be $894,000 in October, $950,000 in November, $1,060,000 in December, and $920,000 in January. Serdnic's sales are 30% cash and 70% credit. The company's collection history indicates that credit sales are collected as follows: 25% in the month of the sale 60% in the month after the sale 14% two months after the sale 1% are never collected Requirements 1. Prepare a sales budget for all...
Trever Reeds, a manufacturer of saxophone, oboe, and clarinet reeds, has projected sales to be 5894,000...
Trever Reeds, a manufacturer of saxophone, oboe, and clarinet reeds, has projected sales to be 5894,000 in October, 5960,000 in November, $1,025,000 in December, and 5924,000 in January. Trover's sales are 30% cash and 70% credit. The company's collection history indicates that credit sales are collected as follows: 20% in the month of the sale 65% in the month after the sale 145 two months after the sale 1% are never collected Requirements 1. Prepare a sales budget for all...
Gustev Reeds, a manufacturer of saxophone, oboe, and clarinet reeds, has projected sales to be $900,000...
Gustev Reeds, a manufacturer of saxophone, oboe, and clarinet reeds, has projected sales to be $900,000 in October, $964,000 in November, $1,060,000 in December, and $930,000 in January. Gustev's sales are 30% cash and 70% credit. The company's collection history indicates that credit sales are collected as follows: 25% in the month of the sale 65% in the month after the sale 8% two months after the sale 2% are never collected Requirements 1. Prepare a sales budget for all...
Trever Reeds, a manufacturer of saxophone, oboe, and clarinet reeds, has projected sales to be $900,000...
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Yung Reeds, a manufacturer of saxophone, oboe, and clarinet reeds, has projected sales to be $906,000...
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Serdnic Reeds, a manufacturer of saxophone, oboe, and clarinet reeds, has projected sales to be $896,000 in October, $9...
Serdnic Reeds, a manufacturer of saxophone, oboe, and clarinet reeds, has projected sales to be $896,000 in October, $966,000 in November, $1,045,000 in December, and $922,000 in January. Serdnic's sales are 20% cash and 80% credit. The company's collection history indicates that credit sales are collected as follows: 25% in the month of the sale 60% in the month after the sale 8% two months after the sale 7% are never collected Requirements 1. Prepare a sales budget for all...
Leret Reeds, a manufacturer of saxophone, oboe, and clarinet reeds, has projected sales to be $...
Leret Reeds, a manufacturer of saxophone, oboe, and clarinet reeds, has projected sales to be $ 904 comma 000 in October, $ 962 comma 000 in November, $ 1 comma 070 comma 000 in December, and $ 920 comma 000 in January. Leret's sales are 25% cash and 75% credit. The company's collection history indicates that credit sales are collected as follows: 20% in the month of the sale 65% in the month after the sale 10% two months after...
please print clearly. thanks! Trever Reeds, a manufacturer of saxophone, oboe, and clarinet reeds, has projected...
please print clearly. thanks!
Trever Reeds, a manufacturer of saxophone, oboe, and clarinet reeds, has projected sales to be $896,000 in October, 1954.000 in November 51.055,000 in December, and $24,000 in January. Trever's sales are 25% cash and 75% crd The company's collection history indicates that credt sales are collected as follows: 20% in the month of the sale 60% in the month after the sale 12% two months after the sale are never collected Requirements 1. Prepare a sales...
Trever Reeds, a manufacturer of saxophone, oboe, and clarinet reeds, has projected sales to be $900,000...
Trever Reeds, a manufacturer of saxophone, oboe, and clarinet reeds, has projected sales to be $900,000 in October, $964,000 in November, $1,050,000 in December, and $926,000 in January. Trever's sales are 20% cash and 80% credit. The company's collection history indicates that credit sales are collected as follows: 25% in the month of the sale 60% in the month after the sale 14% two months after the sale 1% are never collected Requirements 1. Prepare a sales budget for all...
Freddie Reeds, a manufacturer of saxophone, oboe, and clarinet reeds, has projected sales to be $890,000 in October $956,000 in November $1,070,000 in December, and $936,000 in January Freddie's sales are 25% cash and 75% credit. The company's collection history indicates that credit sales are collected as follows: 20% in the month of the sale 70% in the month after the sale 8% two months after the sale 2% are never collected Requirements 1. Prepare a sales budget for all...
Serdnic Reeds, a manufacturer of saxophone, oboe, and clarinet reeds, has projected sales to be $894,000 in October, $950,000 in November, $1,060,000 in December, and $920,000 in January. Serdnic's sales are 30% cash and 70% credit. The company's collection history indicates that credit sales are collected as follows: 25% in the month of the sale 60% in the month after the sale 14% two months after the sale 1% are never collected Requirements 1. Prepare a sales budget for all...
Trever Reeds, a manufacturer of saxophone, oboe, and clarinet reeds, has projected sales to be 5894,000 in October, 5960,000 in November, $1,025,000 in December, and 5924,000 in January. Trover's sales are 30% cash and 70% credit. The company's collection history indicates that credit sales are collected as follows: 20% in the month of the sale 65% in the month after the sale 145 two months after the sale 1% are never collected Requirements 1. Prepare a sales budget for all...
Gustev Reeds, a manufacturer of saxophone, oboe, and clarinet reeds, has projected sales to be $900,000 in October, $964,000 in November, $1,060,000 in December, and $930,000 in January. Gustev's sales are 30% cash and 70% credit. The company's collection history indicates that credit sales are collected as follows: 25% in the month of the sale 65% in the month after the sale 8% two months after the sale 2% are never collected Requirements 1. Prepare a sales budget for all...
Trever Reeds, a manufacturer of saxophone, oboe, and clarinet reeds, has projected sales to be $900,000 in October, $964,000 in November, $1,050,000 in December, and $926,000 in January. Trever's sales are 20% cash and 80% credit. The company's collection history indicates that credit sales are collected as follows: 25% in the month of the sale 60% in the month after the sale 14% two months after the sale 1% are never collected Requirements 1. Prepare a sales budget for all...
Yung Reeds, a manufacturer of saxophone, oboe, and clarinet reeds, has projected sales to be $906,000 in October, 1964,000 in November, $1,025,000 in December and $922,000 in January. Yung's sales are 25% cash and 75% credit. The company's collection history indicates that credit sales are collected as follows: 20% in the month of the sale 65% in the month after the sale 14% two months after the sale 1% are never collected Requirements 1. Prepare a sales budget for all...
Serdnic Reeds, a manufacturer of saxophone, oboe, and clarinet reeds, has projected sales to be $896,000 in October, $966,000 in November, $1,045,000 in December, and $922,000 in January. Serdnic's sales are 20% cash and 80% credit. The company's collection history indicates that credit sales are collected as follows: 25% in the month of the sale 60% in the month after the sale 8% two months after the sale 7% are never collected Requirements 1. Prepare a sales budget for all...
please print clearly. thanks!
Trever Reeds, a manufacturer of saxophone, oboe, and clarinet reeds, has projected sales to be $896,000 in October, 1954.000 in November 51.055,000 in December, and $24,000 in January. Trever's sales are 25% cash and 75% crd The company's collection history indicates that credt sales are collected as follows: 20% in the month of the sale 60% in the month after the sale 12% two months after the sale are never collected Requirements 1. Prepare a sales...
Trever Reeds, a manufacturer of saxophone, oboe, and clarinet reeds, has projected sales to be $900,000 in October, $964,000 in November, $1,050,000 in December, and $926,000 in January. Trever's sales are 20% cash and 80% credit. The company's collection history indicates that credit sales are collected as follows: 25% in the month of the sale 60% in the month after the sale 14% two months after the sale 1% are never collected Requirements 1. Prepare a sales budget for all...
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