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70 percent collected in the month of sales15 percent collected in the first month after sale10 percent collected in the second month after sale4 percent collected in the third month after sale1 percent uncollectible
The sales on account have been budgeted for the last seven months as follows:June-.......122,500 Sep...200,000 Dec....212,500July.........150,000 Oct...225,000August......175,000 Nov...250,000
1. Compute the estimated total cash collectons during October from credit sales2. Compute the estimated total cash collections during the fourth quarter from sales made on account during the fourth quarter3. Build a spreadsheet: Construct an Excel spreadsheet to solve both of the preceeding requirements SHow how the solution will change if the following information changes: sales in June and July were $100,000 and $130,000 respectively.
1.what types of derivative transactions does xerox engage in cash flow hedges fair value hedges or speculative
Discuss the key criteria for the operation of an effective corporate whistleblower hotline. Be sure to highlight potential pitfalls that should be avoided and reference professional codes, legislation and academic literature as appropriate.
use the information below to answer the following questions.stewart corporation plans to grow by offering a sound
bruce manufacturing makes and sells a single product. the following costs were incurred during the companys first year
On January 1, 2012, a foundation made a pledge to pay $ 30,000 per year at the end of each of the next five years to the Cancer Research Center, a non-profit voluntary health and welfare organization as a salary supplement for a well- known resear..
Trade Credit Discount. Compute the annual approximate interest cost of not taking a discount using the following scenarios. What conclusion can be drawn from the calculations?
the following is a statement by a management consultantmany managers claim that budgets are impractical because
last year vera corporation budgeted for production and sales of 20000 cloth handbags. vera produced and sold 19250
hooper inc. had the following production and cost information for its painting department during april materials are
Under what conditions is an accrual-basis-tax-payer allowed to defer reporting amounts received in the advance payments received for services?
Which of the following statements is incorrect regarding the taxation of C corporations? a. The highest corporate marginal tax rate is 39%. b. Taxable income of a personal service corporation is taxed at a flat rate of 39%.
sensitivity analysis using excellane construction ltd. is considering the acquisition of a new eighteen wheeler.-the
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