Calculate june and julys net cash receipts originating from

Assignment Help Accounting Basics

Reference no: EM133609366

Question: Your company sells BBQ's. For the month of June total sales are forecast at $150,000 with 25% immediately sold for cash, 65% sold with customers immediately paying using credit cards, and the remaining units sold on credit with customers paying cash one month later. Credit card card companies typically charge transaction fees of 2.5% to your organization Calculate June and July's net cash receipts originating from the June sale of BBQ's

Reference no: EM133609366

Questions Cloud

Could personality traits such as aggression, nurturance : could personality traits such as aggression, nurturance, curiosity, or irritability be determined in a similar way? What prenatal conditions do you think would

How does your collage speak truth to power : How do the images in your collage reflect how you feel after watching the film? How does your collage speak truth to power?

Identify the challenges for assurance service providers : Identify the challenges for assurance service providers in the literature and then make specific reference to any examples from either Energy, Water/Recycling

Why in your opinion has the question generated : Based on your engagement with this readings and video, what does it mean to be Metis? Why in your opinion has this question generated so much national debate?

Calculate june and julys net cash receipts originating from : charge transaction fees of 2.5% to your organization Calculate June and July's net cash receipts originating from the June sale of BBQs

What is the journal entry to record the overhead costs : What is the journal entry to record the overhead costs incurred? (Use Various Accounts to simplify the offsetting entry when several accounts could be involved

Why the marshall plan fulfills the notion of being nice : Provide YOUR personal view as to why the Marshall Plan fulfills the notion of being 'nice'. What is it that cements the example as being Nice?

What will happen to their profitability : If two businesses are operating in excess of their break even sales level and both increase by 15%, what will happen to their profitability

Does the general consumer trust dealerships too much : What problems could this create for consumers? How do you think dealerships will use this option - Does the general consumer trust dealerships too much

User Account

All Pages