User Account

All Pages

Compute cash collections budgeted for february

Assignment Help Accounting Basics
Reference no: EM131819332

Problem

Tanya Corp. sells its products on both credit and cash basis. Monthly sales are sold 20% for cash, 80% for credit. Credit sales are collected 65% in the month of sale and 35% the following month. Sales for the first quarter are BUDGETED as follows: January, $250,000; February, $360,000; March, $300,000.

Compute cash collections budgeted for February. How much cash was collected in the month?

Reference no: EM131819332

Questions Cloud

What is the purpose of this article : What is the purpose of this article? What is your evidence for suggesting this is the purpose?What is the significance of the study?
Elaborate on some of the complex issues : Elaborate on some of the complex issues health care administrators today are facing in making financial and strategic decisions. provide citation and reference.
What are the tax consequences of each option : The projected annual profits of $100000 are to be used in the church's outreach mission. What are the tax consequences of each option
Primarily tech-oriented companies : Why would you guess that so many organizations in recent years (primarily tech-oriented companies) are taking pride in a Matrix structure?
Compute cash collections budgeted for february : Tanya Corp. sells its products on both credit and cash basis. Compute cash collections budgeted for February. How much cash was collected in the month?
Good understanding of legal system : Describe why health care providers must have a good understanding of our legal system and health care laws. Provide citations
Difference between accounts receivable and notes receivable : What is the difference between accounts receivable and notes receivable? List some common examples of other receivables, besides accounts receivable.
How other content such as music can also be plagiarized : The differences and pro/cons of using keyword searches versus subject searches of databases. Keywords are generally considered more flexible.
General education capstone : Welcome to the week 1 reflection journal. Throughout the course you will reflect on your weekly research experience and make connections

Reviews

Write a Review

Accounting Basics Questions & Answers

  Calculate the price of a zero coupon bond

Calculate the price of a zero coupon bond that matures in 8 years if the market interest rate is 10 percent

  Review case of us international corporation

U.S. International Corporation (USIC), a U.S. taxpayer, has investments in Foreign Entities A-G. Relevant information for these entities for the current fiscal.

  Basic precision and total projected misstatement

Calculate basic precision and the total projected misstatement. Determine the incremental allowance for sampling risk and the upper misstatement limit.

  Performing financial analysis

Give a detailed overview of U.S. publicly traded company, Priceline. This should be 3 pages. Measure the company's vulnerability to current financial threats, such as a recession, higher interest rates, and global competition.

  Can the present value of minimum lease payments

Can the present value of minimum lease payments differ between the lessor and lessee? If so, how?

  Describe function of authorization of production transaction

Describe how the functions of physical custody of inventories can be separated among the production, inventory, and cost accounting departments.

  On october 1 2010 menke co purchased to hold to maturity

on october 1 2010 menke co. purchased to hold to maturity 200 1000 9 bonds for 208000. an additional 6000 was paid for

  What ethical and legal liability relating to accountants

What ethical and legal liability relating to accountants and auditors might relate to your SEC 10-K company

  On january 1 2009 a company acquired equipment for 120000

on january 1 2009 a company acquired equipment for 120000. the estimated life of the equipment is 5 years or 20000

  What basic characteristic distinguishes items reported

What basic characteristic distinguishes items reported on the income statement from items reported on the balance sheet?

  Recognition of revenue-bonus dollars

Griseta & Dubel Inc. was formed early this year to sell merchandise credits to merchants who distribute the credits free to their customers.

  Summarize sales by product for the current and past year

Summarize sales by customer for the current and past year. Summarize sales by product for the current and past year

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