Compute the sales for november

Reference no: EM131424391

Credit sales are collected as follows:

65 percent in the month of the sale

20 percent in the month after the sale

15 percent in the second month after the sale

The accounts receivable balance at the end of the previous quarter was $195,000 ($149,000 of which was uncollected December sales).

a. Compute the sales for November.

b. Compute the sales for December.

c. Compute the cash collections from sales for each month from January through March.

Reference no: EM131424391

Questions Cloud

What should the call option sell for today : If no options currently trade on the stock, is there a way to create a synthetic call option with identical payoffs to the call option described above? If there is, how would you do it?

Describes political views as conservative : What is the probability that the adult is a Republican and describes her political views as conservative?- What is the probability that the adult is a Democrat and describes his political views as conservative?

What do you plan to accomplish as a leader : What do you plan to accomplish as a leader? How will your style of leadership influence or support analytics in organizations? What are your strengths, weaknesses, opportunities and threats?

What does sugarman mean by performance-based regulation : In performance-based regulation: enterprise responsibility for reducing death, injury, and disease caused by consumer products, what does sugarman mean by "performance-based regulation?"

Compute the sales for november : Compute the cash collections from sales for each month from January through March.

What is probability that all four have alzheimers disease : What is the probability that all four have Alzheimer's disease?- What is the probability that exactly one has Alzheimer's disease?

What is the cia triad : Question 1: Differentiate between Security Architecture & Design and Information Security Architecture & Design Question 2: What is the CIA Triad (define each component)? What is Defense-in-depth? In order to meet both criteria, what are the mini..

How conclusion of counterargument follows from its premises : Explain how the conclusion of the counterargument follows from its premises. Discuss the primary points of disagreement between sincere and intelligent proponents of both sides.

Probability that stock 1 will rise and stock 2 will sink : What is the probability that both stock prices will rise over the next six months?- What is the probability that stock 1 will rise and stock 2 will sink?

User Account

All Pages