User Account

All Pages

Calculate cash collections in each quarters

Assignment Help Finance Basics
Reference no: EM131733166

Question: Calculating Cash Collections. The MacFarlane Company has projected the following quarterly sales amounts for the coming year:

                    Q1                 Q2               Q3               Q4

Sales          $4,300            $5,200          $4,800          $4,000

a. Accounts receivable at the beginning of the year are $1,900. The company has a 45-day collection period. Calculate cash collections in each of the four quarters by completing the following:

                                        Q1           Q2         Q3          Q4

Beginning receivables

Sales

Cash collections

Ending receivables

b. Rework part (a) assuming a collection period of 60 days.

c. Rework part (a) assuming a collection period of 30 days.

Reference no: EM131733166

Questions Cloud

Calculating the cash budget : Calculating the Cash Budget. Here are some important figures from the budget of Marston, Inc., for the second quarter of 2016.
Evidence-based article from a peer reviewed nursing journal : describe the "best practice." Conclude your discussion by explaining whether you thought the research findings supported the conclusions
Is the supplier quality report good idea : Do you believe that AT&T’s standard for its suppliers are too rigid? Why or why not? Is the “Supplier Quality report” a good idea or are monthly reports to freq
Light of the dividend payment logistics : What will be the expected minimum price in light of the dividend payment logistics?
Calculate cash collections in each quarters : Accounts receivable at the beginning of the year are $1,900. The company has a 45-day collection period. Calculate cash collections in each of the four quarter.
Discuss differences of the cardiovascular system : Compare anatomic and physiologic differences of the cardiovascular system in infants and children versus adults
Voip system upgrade and software development : Quality management for VOIP System Upgrade and Software Development.
Define what if the reason for the visit is lengthy : What if the reason for the visit is lengthy and there is not enough time to discuss each issue the patient has
Explain what was the cash collected from customers : Explain What was the cash collected from customers? The statement of cash flows became a required statement in which year?

Reviews

Write a Review

Finance Basics Questions & Answers

  Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money project

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd