Why the answer for the October and November are not correct? Please give me the answer for October and November. Thanks
Homework Answers
|
October = October (18,000*50%) + September (15,000*40%) + August (20,000*10%) |
17,000 |
|
November = November (13,000*50%) + October (18,000*40%) + September (15,000*10%) |
15,200 |
Comment if you face any issues
Add Answer to:
Why the answer for the October and November are not
correct? Please give me the answer...
August Budgeted sales are: Month Sales revenue $12,000 September $14,000 October $15,000 November $15,000 December $10,000...
August Budgeted sales are: Month Sales revenue $12,000 September $14,000 October $15,000 November $15,000 December $10,000 You collect 50% of sales revenue as cash in the month of the sale, 40% in the following month, and 10% two months after the sale a) Compute budgeted cash inflows for October and November October $ November - $ Remember to go backwards in time: .9., 40% of September revenue is collected in the following month (October). This implies that cash inflows for...
Budgeted sales revenue for the coming five months is as follows: Month Sales revenue August $175,000...
Budgeted sales revenue for the coming five months is as follows: Month Sales revenue August $175,000 September $185,000 October $190,000 November $145,000 December $105,000 You estimate that you will collect 40% of sales revenue in the month of sale, 40% in the following month, 15% two months after the sale, and the remaining 5% three months after the sale. Required: Compute budgeted cash inflows for November and December.Budgeted sales revenue for the coming five months is as follows: Month Sales...
answer with an explanation The following are Best Gulfs estimated sales during September, October, November and...
answer with an explanation
The following are Best Gulfs estimated sales during September, October, November and December 2019: September $ 15,000 $ 20,000 $ 22,000 $ 25,000 October November December Cash receipts from customers are expected to be %75 in the month of sale and %25 in the month following the sale The company maintains ending inventory of $ 8,000 plus 10 % of the cost of goods sold budgeted for the following month. Cost of goods sold equal 50...
Question 2. (cash receipts from sales) Budgeted sales revenue for the coming five months is as...
Question 2. (cash receipts from sales) Budgeted sales revenue for the coming five months is as follows: Month Sales revenue August $160,000 September $155,000 October $155,000 November $115,000 December $180,000 You estimate that you will collect 35% of sales revenue in the month of sale, 35% in the following month, 25% two months after the sale, and the remaining 5% three months after the sale. Required: Compute budgeted cash inflows for November and December. November = $ December...
3) The following information pertains to Amigo Corporation: Month July August September October November December Sa...
3) The following information pertains to Amigo Corporation: Month July August September October November December Sales $30,000 34,000 38,000 42,000 48,000 60,000 Purchases $10,000 12,000 14,000 16,000 18,000 20,000 Cash is collected from customers in the following manner: Month of sale 40% Month following sale 40% Two months following sale 20% • 60% of purchases are paid for in cash in the month of purchase, and the other 40% is paid the following month. Required: Complete the cash budget for...
Scottsdale Co. has actual sales for July and August and forecast sales for September October, November,...
Scottsdale Co. has actual sales for July and August and forecast sales for September October, November, and December as follows: $ 98,900 105,200 Actual: July August Forecast September October November December 114,200 94,300 121, 3ee 107,400 Based on past experience, it is estimated that 28% of a month's sales are collected in the month of sale, 49% are collected in the month following the sale, and 6% are collected in the second month following the sale. Required: Calculate the estimated...
Scottsdale Co. has actual sales for July and August and forecast sales for September, October, November,...
Scottsdale Co. has actual sales for July and August and forecast sales for September, October, November, and December as follows: Actual: July $ 97,300 August 105,300 Forecast: September 114,800 October 94,300 November 122,900 December 106,300 Based on past experience, it is estimated that 29% of a month’s sales are collected in the month of sale, 48% are collected in the month following the sale, and 9% are collected in the second month following the sale. Required: Calculate the estimated cash...
On October 1 of the current year, Molloy Corporation prepared a cash budget for October, November,...
On October 1 of the current year, Molloy Corporation prepared a cash budget for October, November, and December. All of Molloy's sales are made on account. The following information was used in preparing estimated cash collections: August sales (actual) $ 47,000 September sales (actual) $ 57,000 October sales (estimated) $ 27,000 November sales (estimated) $ 77,000 December sales (estimated) $ 67,000 Approximately 65% of all sales are collected in the month of the sale, 20% is collected in the following...
On October 1 of the current year, Malone Corporation prepared a cash budget for October, November,...
On October 1 of the current year, Malone Corporation prepared a cash budget for October, November, and December. All of Malone's sales are made on account. The following information was used in preparing estimated cash collections: August sales (actual) $ 49,000 September sales (actual) $ 59,000 October sales (estimated) $ 29,000 November sales (estimated) $ 79,000 December sales (estimated) $ 69,000 Approximately 60% of all sales are collected in the month of the sale, 30% is collected in the following...
3) The following information pertains to Amigo Corporation: Month ...
3) The following information pertains to Amigo Corporation: Month Sales Purchases July $30,000 $10,000 August 34,000 12,000 September 38,000 14,000 October 42,000 16,000 November 48,000 18,000 December 60,000 20,000 • Cash is collected from customers in the following manner: Month of sale 40% Month following sale 40% Two months following sale 20% • 60% of purchases are paid for in cash in the month of purchase, and the other...
August Budgeted sales are: Month Sales revenue $12,000 September $14,000 October $15,000 November $15,000 December $10,000 You collect 50% of sales revenue as cash in the month of the sale, 40% in the following month, and 10% two months after the sale a) Compute budgeted cash inflows for October and November October $ November - $ Remember to go backwards in time: .9., 40% of September revenue is collected in the following month (October). This implies that cash inflows for...
answer with an explanation
The following are Best Gulfs estimated sales during September, October, November and December 2019: September $ 15,000 $ 20,000 $ 22,000 $ 25,000 October November December Cash receipts from customers are expected to be %75 in the month of sale and %25 in the month following the sale The company maintains ending inventory of $ 8,000 plus 10 % of the cost of goods sold budgeted for the following month. Cost of goods sold equal 50...
3) The following information pertains to Amigo Corporation: Month July August September October November December Sales $30,000 34,000 38,000 42,000 48,000 60,000 Purchases $10,000 12,000 14,000 16,000 18,000 20,000 Cash is collected from customers in the following manner: Month of sale 40% Month following sale 40% Two months following sale 20% • 60% of purchases are paid for in cash in the month of purchase, and the other 40% is paid the following month. Required: Complete the cash budget for...
Scottsdale Co. has actual sales for July and August and forecast sales for September October, November, and December as follows: $ 98,900 105,200 Actual: July August Forecast September October November December 114,200 94,300 121, 3ee 107,400 Based on past experience, it is estimated that 28% of a month's sales are collected in the month of sale, 49% are collected in the month following the sale, and 6% are collected in the second month following the sale. Required: Calculate the estimated...
Most questions answered within 3 hours.
-
Where is the error in this code sequence?
String s1 = "Hello";
String s2 = "ello";...
asked 10 months ago -
Financial data for Joel de Paris, Inc., for last year
follow:
Joel de Paris, Inc.
Balance...
asked 10 months ago -
Consider this reaction:
Al2(SO4)3 (aq)+ BaCl3
(aq) Al2Cl6 (aq)- +
3BaSO4(s) . What is the...
asked 10 months ago -
Suppose that Savneet is considering increasing her
recent random sample from 20 car rentals to 40...
asked 10 months ago -
Trucks arrive at an unloading terminal at an average rate of 120
per hour.
Trucks arrive...
asked 10 months ago -
Why are methanol and ethanol completely soluble in water while
octanol is not very little soluble....
asked 10 months ago -
A facilities manager at a university reads in a research report
that the mean amount of...
asked 10 months ago -
When the CuSO4 is rehydrated by adding water to the anhydrous
compound, is this an endothermic...
asked 10 months ago -
A ray of sunlight is passing from diamond into crown glass; the
angle of incidence is...
asked 10 months ago -
A block of mass 0.249 kg is placed on top of a light, vertical
spring of...
asked 10 months ago -
how do the kidneys compensate in the presences of acidosis
a) trigger hyperventilate
b) reserve acid...
asked 10 months ago -
Question 501 pts
The rental rate of capital to the firm increases. Which of the
following...
asked 10 months ago